ON SERVE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ON SERVE
Largest movements
- Cash -€46,050
down €46,050 (-55.0%), from €83,714 to €37,664
mainly Net result for the year (-€21,381) and Receivables within one year (-€15,003)
- Receivables within one year +€15,003
up €15,003 (+60.3%), from €24,872 to €39,875
of which Trade receivables: +€7,524
- Tangible fixed assets -€5,189
down €5,189 (-27.1%), from €19,120 to €13,931
of which Plant, machinery and equipment: -€4,573
- Deferred charges and accrued income +€4,920
up €4,920 (+42.6%), from €11,540 to €16,460
- Stocks and contracts +€2,577
up €2,577 (+20.1%), from €12,793 to €15,370
- Profit (loss) carried forward -€21,381
down €21,381, from €15,021 to -€6,360
- Current portion of long-term debt -€2,955
down €2,955 (-58.0%), from €5,099 to €2,143
- Debts after one year -€2,143
no longer reported in 2025 (was €2,143)
- Staff costs +€35,873
up €35,873 (+39.3%), from €91,354 to €127,228
- Gross operating margin -€14,494
down €14,494 (-11.1%), from €131,127 to €116,632
- Taxes -€8,585
down €8,585 (-95.7%), from €8,971 to €386
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,272 | €127,173 | -€29,098 | -18.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €23,353 | €17,804 | -€5,549 | -23.8% |
| Intangible fixed assets | 21 | €1,233 | €873 | -€360 | -29.2% |
| Tangible fixed assets | 22/27 | €19,120 | €13,931 | -€5,189 | -27.1% |
| Land and buildings | 22 | €2,545 | €1,929 | -€616 | -24.2% |
| Plant, machinery and equipment | 23 | €16,574 | €12,002 | -€4,573 | -27.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €132,919 | €109,370 | -€23,549 | -17.7% |
| Stocks and contracts in progress | 3 | €12,793 | €15,370 | +€2,577 | +20.1% |
| Stocks | 30/36 | €12,793 | €15,370 | +€2,577 | +20.1% |
| Amounts receivable within one year | 40/41 | €24,872 | €39,875 | +€15,003 | +60.3% |
| Trade receivables | 40 | €10,255 | €17,778 | +€7,524 | +73.4% |
| Other amounts receivable | 41 | €14,617 | €22,097 | +€7,479 | +51.2% |
| Cash at bank and in hand | 54/58 | €83,714 | €37,664 | -€46,050 | -55.0% |
| Deferred charges and accrued income | 490/1 | €11,540 | €16,460 | +€4,920 | +42.6% |
| Total equity and liabilities | 10/49 | €156,272 | €127,173 | -€29,098 | -18.6% |
| Equity | 10/15 | €131,621 | €110,240 | -€21,381 | -16.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €110,300 | €110,300 | = | 0.0% |
| Distributable reserves | 133 | €110,300 | €110,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,021 | -€6,360 | -€21,381 | |
| Amounts payable | 17/49 | €24,651 | €16,933 | -€7,717 | -31.3% |
| Amounts payable after more than one year | 17 | €2,143 | - | -€2,143 | |
| Financial debts | 170/4 | €2,143 | - | -€2,143 | |
| Amounts payable within one year | 42/48 | €22,508 | €16,933 | -€5,574 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €5,099 | €2,143 | -€2,955 | -58.0% |
| Trade debts | 44 | €14,129 | €14,232 | +€102 | +0.7% |
| Suppliers | 440/4 | €14,129 | €14,232 | +€102 | +0.7% |
| Advances received on contracts in progress | 46 | €1,265 | - | -€1,265 | |
| Taxes, remuneration and social security | 45 | €862 | €193 | -€668 | -77.6% |
| Remuneration and social security | 454/9 | €862 | €193 | -€668 | -77.6% |
| Other amounts payable | 47/48 | €1,153 | €366 | -€788 | -68.3% |
| Remuneration, social security and pensions | 62 | €91,354 | €127,228 | +€35,873 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,446 | €7,365 | +€919 | +14.3% |
| Other operating charges | 640/8 | €1,736 | €2,048 | +€312 | +18.0% |
| Gross operating margin | 9900 | €131,127 | €116,632 | -€14,494 | -11.1% |
| Operating profit (loss) | 9901 | €31,591 | -€20,008 | -€51,599 | |
| Financial income | 75/76B | €299 | €53 | -€247 | -82.4% |
| Recurring financial income | 75 | €299 | €53 | -€247 | -82.4% |
| Financial charges | 65/66B | €807 | €1,039 | +€232 | +28.7% |
| Recurring financial charges | 65 | €807 | €1,039 | +€232 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €31,083 | -€20,995 | -€52,077 | |
| Income taxes | 67/77 | €8,971 | €386 | -€8,585 | -95.7% |
| Profit (loss) for the period | 9904 | €22,111 | -€21,381 | -€43,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,111 | -€21,381 | -€43,492 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.