POUWELS Servitrans: 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.
POUWELS Servitrans
Largest movements
- Cash +€309,988
up €309,988 (+145%), from €213,470 to €523,458
mainly Current investments (+€300,000) and Other debts (+€200,000)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Receivables within one year +€38,773
up €38,773 (+70.0%), from €55,380 to €94,153
of which Trade receivables: +€39,138
- Tangible fixed assets -€19,595
down €19,595 (-8.4%), from €233,826 to €214,231
of which Furniture and vehicles: -€14,941
- Other debts +€200,000
new in 2025: €200,000
- Reserves -€172,940
down €172,940 (-24.2%), from €714,951 to €542,011
of which Distributable reserves: -€172,940
- Gross operating margin +€17,798
up €17,798 (+17.7%), from €100,592 to €118,390
- Taxes +€5,492
up €5,492 (+69.1%), from €7,947 to €13,439
- Depreciation +€3,615
up €3,615 (+9.4%), from €38,580 to €42,195
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 | €812,035 | €841,201 | +€29,166 | +3.6% |
| Fixed assets | 21/28 | €243,184 | €223,589 | -€19,595 | -8.1% |
| Tangible fixed assets | 22/27 | €233,826 | €214,231 | -€19,595 | -8.4% |
| Land and buildings | 22 | €135,901 | €129,760 | -€6,141 | -4.5% |
| Plant, machinery and equipment | 23 | €5,335 | €6,823 | +€1,487 | +27.9% |
| Furniture and vehicles | 24 | €92,589 | €77,648 | -€14,941 | -16.1% |
| Financial fixed assets | 28 | €9,358 | €9,358 | = | 0.0% |
| Current assets | 29/58 | €568,850 | €617,611 | +€48,761 | +8.6% |
| Amounts receivable within one year | 40/41 | €55,380 | €94,153 | +€38,773 | +70.0% |
| Trade receivables | 40 | €51,227 | €90,365 | +€39,138 | +76.4% |
| Other amounts receivable | 41 | €4,153 | €3,788 | -€365 | -8.8% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €213,470 | €523,458 | +€309,988 | +145% |
| Total equity and liabilities | 10/49 | €812,035 | €841,201 | +€29,166 | +3.6% |
| Equity | 10/15 | €786,201 | €613,261 | -€172,940 | -22.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €714,951 | €542,011 | -€172,940 | -24.2% |
| Non-distributable reserves | 130/1 | €22,590 | €22,590 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,590 | €22,590 | = | 0.0% |
| Distributable reserves | 133 | €692,361 | €519,421 | -€172,940 | -25.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €6,250 | €6,250 | = | 0.0% |
| Amounts payable | 17/49 | €25,834 | €227,939 | +€202,105 | +782% |
| Amounts payable within one year | 42/48 | €25,834 | €227,939 | +€202,105 | +782% |
| Current portion of amounts payable after more than one year | 42 | €2,400 | €2,400 | = | 0.0% |
| Trade debts | 44 | €8,392 | €7,498 | -€894 | -10.7% |
| Suppliers | 440/4 | €8,392 | €7,498 | -€894 | -10.7% |
| Taxes, remuneration and social security | 45 | €15,042 | €18,041 | +€2,999 | +19.9% |
| Taxes | 450/3 | €10,646 | €13,494 | +€2,848 | +26.8% |
| Remuneration and social security | 454/9 | €4,395 | €4,547 | +€151 | +3.4% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Non-recurring operating income | 76A | €3,576 | €0 | -€3,576 | -100% |
| Remuneration, social security and pensions | 62 | €28,256 | €28,014 | -€242 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,580 | €42,195 | +€3,615 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,261 | €9,584 | +€323 | +3.5% |
| Gross operating margin | 9900 | €100,592 | €118,390 | +€17,798 | +17.7% |
| Operating profit (loss) | 9901 | €24,495 | €38,597 | +€14,102 | +57.6% |
| Financial income | 75/76B | €1,778 | €2,250 | +€472 | +26.5% |
| Recurring financial income | 75 | €1,778 | €2,250 | +€472 | +26.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €205 | €348 | +€144 | +70.1% |
| Recurring financial charges | 65 | €205 | €348 | +€144 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €26,069 | €40,499 | +€14,431 | +55.4% |
| Income taxes | 67/77 | €7,947 | €13,439 | +€5,492 | +69.1% |
| Profit (loss) for the period | 9904 | €18,122 | €27,060 | +€8,939 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,122 | €27,060 | +€8,939 | +49.3% |
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 27 October 2026 via checked.be.