SERIVA: what changed
What changed
SERIVA
NACE 87.101, Residential care activities
filed annual accounts (NBB)
Net result for the year
-€426,820
2024 · €161,797-€588,617
Equity
€1.8m
2024 · €2.2m-€426,820
Cash
€251,789
2024 · €64,370+€187,419
Balance sheet total
€2.9m
2024 · €3.1m-€222,700
Largest movements
Assets
- Receivables within one year -€357,781
down €357,781 (-13.0%), from €2.8m to €2.4m
of which Other amounts receivable: -€501,897
- Cash +€187,419
up €187,419 (+291%), from €64,370 to €251,789
mainly Receivables within one year (+€357,781) and Trade debts (+€121,768)
- Tangible fixed assets -€36,618
down €36,618 (-21.2%), from €172,705 to €136,087
of which Furniture and vehicles: -€23,427
Equity and liabilities
- Reserves -€426,820
down €426,820 (-19.8%), from €2.2m to €1.7m
of which Distributable reserves: -€426,820
- Trade debts +€121,768
up €121,768 (+110%), from €110,614 to €232,382
- Tax, wage and social debts +€69,394
up €69,394 (+9.2%), from €751,225 to €820,619
of which Remuneration and social security: +€72,822
Income statement
- Turnover +€6.1m
new in 2025: €6.1m
- Gross operating margin -€5.0m
down €5.0m (-58.8%), from €8.5m to €3.5m
- Staff costs -€4.6m
down €4.6m (-52.9%), from €8.6m to €4.0m
- Purchases and services +€3.0m
new in 2025: €3.0m
- Financial income -€202,295
down €202,295 (-48.7%), from €415,450 to €213,155
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€161,797
Gross operating margin
-€5.0m
Staff costs
+€4.6m
Depreciation
+€85,930
Write-downs
+€2,423
Other operating charges
+€5,582
Financial income
-€202,295
Financial charges
-€45,460
Taxes
-€15,757
Result 2025
-€426,820
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€194,298
Investment
-€6,879
Financing
€0
Cash 2024
€64,370
From operations (derived)
+€194,298
Net result for the year
-€426,820
Depreciation
+€43,497
Stocks and contracts
-€179
Receivables within one year
+€357,781
Deferred charges and accrued income
+€15,898
Trade debts
+€121,768
Tax, wage and social debts
+€69,394
Advances received
-€3,144
Accrued charges and deferred income
+€16,102
Investment (derived)
-€6,879
Investment in fixed assets (net)
-€6,879
Cash 2025
€251,789
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,107,843 | €2,885,143 | -€222,700 | -7.2% |
| Fixed assets | 21/28 | €172,705 | €136,087 | -€36,618 | -21.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €172,705 | €136,087 | -€36,618 | -21.2% |
| Plant, machinery and equipment | 23 | €19,537 | €12,156 | -€7,381 | -37.8% |
| Furniture and vehicles | 24 | €120,138 | €96,711 | -€23,427 | -19.5% |
| Other tangible fixed assets | 26 | €33,030 | €27,220 | -€5,810 | -17.6% |
| Current assets | 29/58 | €2,935,138 | €2,749,056 | -€186,082 | -6.3% |
| Stocks and contracts in progress | 3 | €807 | €986 | +€179 | +22.2% |
| Stocks | 30/36 | €807 | €986 | +€179 | +22.2% |
| Amounts receivable within one year | 40/41 | €2,750,414 | €2,392,633 | -€357,781 | -13.0% |
| Trade receivables | 40 | €345,731 | €489,847 | +€144,115 | +41.7% |
| Other amounts receivable | 41 | €2,404,683 | €1,902,786 | -€501,897 | -20.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €64,370 | €251,789 | +€187,419 | +291% |
| Deferred charges and accrued income | 490/1 | €119,547 | €103,648 | -€15,898 | -13.3% |
| Total equity and liabilities | 10/49 | €3,107,843 | €2,885,143 | -€222,700 | -7.2% |
| Equity | 10/15 | €2,218,028 | €1,791,207 | -€426,820 | -19.2% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Capital | 10 | €62,200 | €62,200 | = | 0.0% |
| Issued capital | 100 | €62,200 | €62,200 | = | 0.0% |
| Reserves | 13 | €2,155,828 | €1,729,007 | -€426,820 | -19.8% |
| Non-distributable reserves | 130/1 | €6,220 | €6,220 | = | 0.0% |
| Legal reserve | 130 | €6,220 | €6,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,149,608 | €1,722,787 | -€426,820 | -19.9% |
| Amounts payable | 17/49 | €889,816 | €1,093,936 | +€204,120 | +22.9% |
| Amounts payable within one year | 42/48 | €865,974 | €1,053,993 | +€188,018 | +21.7% |
| Trade debts | 44 | €110,614 | €232,382 | +€121,768 | +110% |
| Suppliers | 440/4 | €110,614 | €232,382 | +€121,768 | +110% |
| Advances received on contracts in progress | 46 | €3,144 | €0 | -€3,144 | -100% |
| Taxes, remuneration and social security | 45 | €751,225 | €820,619 | +€69,394 | +9.2% |
| Taxes | 450/3 | €99,112 | €95,684 | -€3,428 | -3.5% |
| Remuneration and social security | 454/9 | €652,113 | €724,934 | +€72,822 | +11.2% |
| Other amounts payable | 47/48 | €992 | €992 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €23,841 | €39,943 | +€16,102 | +67.5% |
| Turnover | 70 | - | €6,148,880 | +€6.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,961,461 | +€3.0m | |
| Remuneration, social security and pensions | 62 | €8,596,514 | €4,045,206 | -€4.6m | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,427 | €43,497 | -€85,930 | -66.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,076 | -€348 | -€2,423 | |
| Other operating charges | 640/8 | €7,956 | €2,374 | -€5,582 | -70.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €8,459,375 | €3,489,026 | -€5.0m | -58.8% |
| Operating profit (loss) | 9901 | -€276,597 | -€601,702 | -€325,105 | -118% |
| Financial income | 75/76B | €415,450 | €213,155 | -€202,295 | -48.7% |
| Recurring financial income | 75 | €415,450 | €213,155 | -€202,295 | -48.7% |
| Financial charges | 65/66B | -€45,162 | €298 | +€45,460 | |
| Recurring financial charges | 65 | -€45,162 | €298 | +€45,460 | |
| Profit (loss) for the period before taxes | 9903 | €184,014 | -€388,846 | -€572,860 | |
| Income taxes | 67/77 | €22,217 | €37,975 | +€15,757 | +70.9% |
| Profit (loss) for the period | 9904 | €161,797 | -€426,820 | -€588,617 | |
| Transfer from tax-exempt reserves | 789 | €106,890 | €0 | -€106,890 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €268,686 | -€426,820 | -€695,507 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.