SERV4TRADE: 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.
SERV4TRADE
Largest movements
- Receivables after one year +€1.1m
up €1.1m (+206%), from €511,667 to €1.6m
- Tangible fixed assets -€996,278
down €996,278 (-57.9%), from €1.7m to €723,463
of which Land and buildings: -€1.0m
- Receivables within one year -€517,865
down €517,865 (-74.9%), from €691,493 to €173,629
of which Other amounts receivable: -€544,854
- Current investments +€400,000
up €400,000 (+200%), from €200,000 to €600,000
- Cash -€111,782
down €111,782 (-45.3%), from €246,900 to €135,118
mainly Receivables after one year (-€1.1m) and Current investments (-€400,000)
- Debts after one year -€89,855
down €89,855 (-23.5%), from €382,384 to €292,530
- Reserves -€86,996
down €86,996 (-4.3%), from €2.0m to €1.9m
of which Distributable reserves: -€86,996
- Gross operating margin +€96,277
up €96,277 (+57.3%), from €168,124 to €264,401
- Depreciation -€56,754
down €56,754 (-48.3%), from €117,501 to €60,746
- Taxes +€44,740
up €44,740 (+266%), from €16,827 to €61,567
- Financial income -€22,797
down €22,797 (-60.4%), from €37,719 to €14,923
- Other operating charges +€9,357
up €9,357 (+111%), from €8,463 to €17,820
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 | €3,411,605 | €3,211,838 | -€199,767 | -5.9% |
| Fixed assets | 21/28 | €1,721,901 | €725,623 | -€996,278 | -57.9% |
| Tangible fixed assets | 22/27 | €1,719,741 | €723,463 | -€996,278 | -57.9% |
| Land and buildings | 22 | €1,568,758 | €536,710 | -€1.0m | -65.8% |
| Plant, machinery and equipment | 23 | €27,008 | €24,778 | -€2,230 | -8.3% |
| Furniture and vehicles | 24 | €123,974 | €161,975 | +€38,001 | +30.7% |
| Financial fixed assets | 28 | €2,160 | €2,160 | = | 0.0% |
| Current assets | 29/58 | €1,689,704 | €2,486,215 | +€796,511 | +47.1% |
| Amounts receivable after more than one year | 29 | €511,667 | €1,565,502 | +€1.1m | +206% |
| Trade receivables | 290 | €511,667 | €1,565,502 | +€1.1m | +206% |
| Amounts receivable within one year | 40/41 | €691,493 | €173,629 | -€517,865 | -74.9% |
| Trade receivables | 40 | €4,011 | €31,000 | +€26,989 | +673% |
| Other amounts receivable | 41 | €687,482 | €142,629 | -€544,854 | -79.3% |
| Current investments | 50/53 | €200,000 | €600,000 | +€400,000 | +200% |
| Cash at bank and in hand | 54/58 | €246,900 | €135,118 | -€111,782 | -45.3% |
| Deferred charges and accrued income | 490/1 | €39,644 | €11,966 | -€27,678 | -69.8% |
| Total equity and liabilities | 10/49 | €3,411,605 | €3,211,838 | -€199,767 | -5.9% |
| Equity | 10/15 | €2,844,811 | €2,757,815 | -€86,996 | -3.1% |
| Contributions | 10/11 | €809,225 | €809,225 | = | 0.0% |
| Reserves | 13 | €2,035,586 | €1,948,590 | -€86,996 | -4.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,979,336 | €1,892,340 | -€86,996 | -4.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €566,794 | €454,023 | -€112,771 | -19.9% |
| Amounts payable after more than one year | 17 | €382,384 | €292,530 | -€89,855 | -23.5% |
| Financial debts | 170/4 | €382,384 | €292,530 | -€89,855 | -23.5% |
| Amounts payable within one year | 42/48 | €177,409 | €154,450 | -€22,959 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €105,977 | €89,855 | -€16,122 | -15.2% |
| Trade debts | 44 | €7,487 | €5,388 | -€2,098 | -28.0% |
| Suppliers | 440/4 | €7,487 | €5,388 | -€2,098 | -28.0% |
| Taxes, remuneration and social security | 45 | €63,946 | €57,643 | -€6,302 | -9.9% |
| Taxes | 450/3 | €63,946 | €57,643 | -€6,302 | -9.9% |
| Other amounts payable | 47/48 | - | €1,564 | +€1,564 | |
| Accrued charges and deferred income | 492/3 | €7,000 | €7,043 | +€43 | +0.6% |
| Non-recurring operating income | 76A | €22,907 | €53,891 | +€30,983 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,501 | €60,746 | -€56,754 | -48.3% |
| Other operating charges | 640/8 | €8,463 | €17,820 | +€9,357 | +111% |
| Non-recurring operating charges | 66A | - | €8,706 | +€8,706 | |
| Gross operating margin | 9900 | €168,124 | €264,401 | +€96,277 | +57.3% |
| Operating profit (loss) | 9901 | €42,161 | €177,129 | +€134,968 | +320% |
| Financial income | 75/76B | €37,719 | €14,923 | -€22,797 | -60.4% |
| Recurring financial income | 75 | €37,719 | €14,923 | -€22,797 | -60.4% |
| Financial charges | 65/66B | €24,394 | €17,481 | -€6,914 | -28.3% |
| Recurring financial charges | 65 | €24,394 | €17,481 | -€6,914 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €55,486 | €174,571 | +€119,085 | +215% |
| Income taxes | 67/77 | €16,827 | €61,567 | +€44,740 | +266% |
| Profit (loss) for the period | 9904 | €38,658 | €113,004 | +€74,345 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €38,658 | €113,004 | +€74,345 | +192% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.