SERVAC GESTION: 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.
SERVAC GESTION
Largest movements
- Cash -€12,689
down €12,689 (-53.9%), from €23,528 to €10,839
mainly Contributions, distributions and other (-€29,000) and Debts after one year (-€21,804)
- Tangible fixed assets -€10,523
down €10,523 (-5.3%), from €199,965 to €189,442
- Receivables within one year -€2,909
down €2,909 (-18.2%), from €15,990 to €13,080
of which Other amounts receivable: -€4,047
- Debts after one year -€21,804
down €21,804 (-12.0%), from €182,288 to €160,484
- Profit (loss) carried forward -€8,866
down €8,866 (-30.0%), from €29,596 to €20,730
- Depreciation -€5,913
down €5,913 (-38.4%), from €15,382 to €9,469
- Gross operating margin +€1,607
up €1,607 (+3.7%), from €43,961 to €45,568
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 | €264,047 | €237,359 | -€26,688 | -10.1% |
| Fixed assets | 21/28 | €199,965 | €189,442 | -€10,523 | -5.3% |
| Tangible fixed assets | 22/27 | €199,965 | €189,442 | -€10,523 | -5.3% |
| Land and buildings | 22 | €190,356 | €185,245 | -€5,111 | -2.7% |
| Furniture and vehicles | 24 | €5,611 | €625 | -€4,986 | -88.9% |
| Other tangible fixed assets | 26 | €3,998 | €3,571 | -€427 | -10.7% |
| Current assets | 29/58 | €64,081 | €47,917 | -€16,164 | -25.2% |
| Amounts receivable within one year | 40/41 | €15,990 | €13,080 | -€2,909 | -18.2% |
| Trade receivables | 40 | €11,943 | €13,080 | +€1,138 | +9.5% |
| Other amounts receivable | 41 | €4,047 | - | -€4,047 | |
| Current investments | 50/53 | €18,498 | €18,498 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,528 | €10,839 | -€12,689 | -53.9% |
| Deferred charges and accrued income | 490/1 | €6,066 | €5,500 | -€566 | -9.3% |
| Total equity and liabilities | 10/49 | €264,047 | €237,359 | -€26,688 | -10.1% |
| Equity | 10/15 | €68,656 | €59,790 | -€8,866 | -12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,860 | €32,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,596 | €20,730 | -€8,866 | -30.0% |
| Amounts payable | 17/49 | €195,391 | €177,569 | -€17,822 | -9.1% |
| Amounts payable after more than one year | 17 | €182,288 | €160,484 | -€21,804 | -12.0% |
| Financial debts | 170/4 | €182,288 | €160,484 | -€21,804 | -12.0% |
| Amounts payable within one year | 42/48 | €13,103 | €17,085 | +€3,983 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €7,645 | €7,772 | +€126 | +1.7% |
| Trade debts | 44 | €326 | €1,969 | +€1,643 | +503.6% |
| Suppliers | 440/4 | €326 | €1,969 | +€1,643 | +503.6% |
| Taxes, remuneration and social security | 45 | €4,970 | €7,118 | +€2,148 | +43.2% |
| Taxes | 450/3 | €3,972 | €4,119 | +€148 | +3.7% |
| Remuneration and social security | 454/9 | €999 | €2,999 | +€2,000 | +200.3% |
| Other amounts payable | 47/48 | €161 | €226 | +€66 | +40.9% |
| Non-recurring operating income | 76A | - | €8,449 | +€8,449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,382 | €9,469 | -€5,913 | -38.4% |
| Other operating charges | 640/8 | €1,809 | €2,150 | +€341 | +18.9% |
| Gross operating margin | 9900 | €43,961 | €45,568 | +€1,607 | +3.7% |
| Operating profit (loss) | 9901 | €26,770 | €33,949 | +€7,179 | +26.8% |
| Financial income | 75/76B | €397 | €555 | +€157 | +39.6% |
| Recurring financial income | 75 | €397 | €555 | +€157 | +39.6% |
| Financial charges | 65/66B | €8,137 | €7,740 | -€397 | -4.9% |
| Recurring financial charges | 65 | €8,137 | €7,740 | -€397 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €19,031 | €26,764 | +€7,734 | +40.6% |
| Income taxes | 67/77 | €6,355 | €6,631 | +€276 | +4.3% |
| Profit (loss) for the period | 9904 | €12,676 | €20,134 | +€7,458 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,676 | €20,134 | +€7,458 | +58.8% |
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 5 October 2026 via checked.be.