SARVICO: what changed
Two fiscal 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.
SARVICO
Largest movements
- Tangible fixed assets -€133,754
down €133,754 (-4.5%), from €3.0m to €2.9m
- Cash -€69,446
down €69,446 (-45.7%), from €151,997 to €82,551
mainly Debts after one year (-€150,000) and Accrued charges and deferred income (-€48,123)
- Debts after one year -€150,000
down €150,000 (-7.0%), from €2.1m to €2.0m
- Accrued charges and deferred income -€48,123
down €48,123 (-49.3%), from €97,518 to €49,394
- Provisions -€41,515
down €41,515 (-42.1%), from €98,598 to €57,083
- Reserves +€32,201
up €32,201 (+5.8%), from €558,600 to €590,801
of which Distributable reserves: +€129,069
- Gross operating margin +€46,627
up €46,627 (+24.5%), from €190,555 to €237,182
- Depreciation +€17,328
up €17,328 (+14.9%), from €116,425 to €133,754
- Other operating charges +€7,581
up €7,581 (+33.5%), from €22,610 to €30,192
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.
Cash bridge derived
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 | €3,155,366 | €2,949,041 | -€206,325 | -6.5% |
| Fixed assets | 21/28 | €2,990,244 | €2,856,490 | -€133,754 | -4.5% |
| Tangible fixed assets | 22/27 | €2,990,244 | €2,856,490 | -€133,754 | -4.5% |
| Land and buildings | 22 | €2,990,244 | €2,856,490 | -€133,754 | -4.5% |
| Current assets | 29/58 | €165,122 | €92,551 | -€72,571 | -43.9% |
| Amounts receivable within one year | 40/41 | €13,125 | €10,000 | -€3,125 | -23.8% |
| Other amounts receivable | 41 | €13,125 | €10,000 | -€3,125 | -23.8% |
| Cash at bank and in hand | 54/58 | €151,997 | €82,551 | -€69,446 | -45.7% |
| Total equity and liabilities | 10/49 | €3,155,366 | €2,949,041 | -€206,325 | -6.5% |
| Equity | 10/15 | €808,600 | €840,801 | +€32,201 | +4.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €558,600 | €590,801 | +€32,201 | +5.8% |
| Tax-exempt reserves | 132 | €230,062 | €133,194 | -€96,868 | -42.1% |
| Distributable reserves | 133 | €328,538 | €457,607 | +€129,069 | +39.3% |
| Provisions and deferred taxes | 16 | €98,598 | €57,083 | -€41,515 | -42.1% |
| Deferred taxes | 168 | €98,598 | €57,083 | -€41,515 | -42.1% |
| Amounts payable | 17/49 | €2,248,168 | €2,051,158 | -€197,010 | -8.8% |
| Amounts payable after more than one year | 17 | €2,140,000 | €1,990,000 | -€150,000 | -7.0% |
| Financial debts | 170/4 | €2,140,000 | €1,990,000 | -€150,000 | -7.0% |
| Amounts payable within one year | 42/48 | €10,650 | €11,763 | +€1,113 | +10.5% |
| Trade debts | 44 | €3,900 | €4,326 | +€426 | +10.9% |
| Suppliers | 440/4 | €3,900 | €4,326 | +€426 | +10.9% |
| Other amounts payable | 47/48 | €6,750 | €7,438 | +€688 | +10.2% |
| Accrued charges and deferred income | 492/3 | €97,518 | €49,394 | -€48,123 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,425 | €133,754 | +€17,328 | +14.9% |
| Other operating charges | 640/8 | €22,610 | €30,192 | +€7,581 | +33.5% |
| Gross operating margin | 9900 | €190,555 | €237,182 | +€46,627 | +24.5% |
| Operating profit (loss) | 9901 | €51,519 | €73,237 | +€21,717 | +42.2% |
| Financial charges | 65/66B | €83,441 | €81,937 | -€1,505 | -1.8% |
| Recurring financial charges | 65 | €83,441 | €81,937 | -€1,505 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,922 | -€8,700 | +€23,222 | +72.7% |
| Transfer from deferred taxes | 780 | €5,189 | €41,515 | +€36,326 | +700.0% |
| Income taxes | 67/77 | €891 | €614 | -€277 | -31.1% |
| Profit (loss) for the period | 9904 | -€27,624 | €32,201 | +€59,825 | |
| Transfer from tax-exempt reserves | 789 | €12,109 | €96,868 | +€84,760 | +700.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,515 | €129,069 | +€144,584 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.