SERVADIS: 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.
SERVADIS
Largest movements
- Tangible fixed assets +€209,024
up €209,024 (+2550.2%), from €8,196 to €217,220
of which Assets under construction and advance payments: +€156,103
- Cash +€152,545
up €152,545 (+177.6%), from €85,895 to €238,440
mainly Net result for the year (+€178,314) and Current investments (+€120,000)
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Receivables within one year -€50,834
down €50,834 (-48.5%), from €104,707 to €53,873
of which Other amounts receivable: -€28,819
- Reserves +€178,314
up €178,314 (+62.6%), from €284,789 to €463,103
- Tax, wage and social debts +€13,027
up €13,027 (+605.0%), from €2,153 to €15,180
- Gross operating margin +€185,534
up €185,534 (+303.9%), from €61,043 to €246,577
- Financial charges -€134,278
down €134,278 (-97.3%), from €138,064 to €3,786
of which Non-recurring financial charges: -€132,085
- Taxes +€70,933
up €70,933 (+513.4%), from €13,816 to €84,749
- Write-downs -€25,190
down €25,190, from €1,895 to -€23,295
- Other operating charges +€7,334
up €7,334 (+728.8%), from €1,006 to €8,340
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 | €319,986 | €510,070 | +€190,084 | +59.4% |
| Fixed assets | 21/28 | €8,264 | €217,287 | +€209,024 | +2529.5% |
| Tangible fixed assets | 22/27 | €8,196 | €217,220 | +€209,024 | +2550.2% |
| Land and buildings | 22 | - | €60,697 | +€60,697 | |
| Furniture and vehicles | 24 | €870 | €420 | -€450 | -51.7% |
| Other tangible fixed assets | 26 | €7,327 | - | -€7,327 | |
| Assets under construction and advance payments | 27 | - | €156,103 | +€156,103 | |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €311,722 | €292,783 | -€18,940 | -6.1% |
| Amounts receivable within one year | 40/41 | €104,707 | €53,873 | -€50,834 | -48.5% |
| Trade receivables | 40 | €27,355 | €5,340 | -€22,015 | -80.5% |
| Other amounts receivable | 41 | €77,352 | €48,533 | -€28,819 | -37.3% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €85,895 | €238,440 | +€152,545 | +177.6% |
| Deferred charges and accrued income | 490/1 | €1,120 | €469 | -€651 | -58.1% |
| Total equity and liabilities | 10/49 | €319,986 | €510,070 | +€190,084 | +59.4% |
| Equity | 10/15 | €303,389 | €481,703 | +€178,314 | +58.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,789 | €463,103 | +€178,314 | +62.6% |
| Distributable reserves | 133 | €284,789 | €463,103 | +€178,314 | +62.6% |
| Amounts payable | 17/49 | €16,597 | €28,367 | +€11,771 | +70.9% |
| Amounts payable within one year | 42/48 | €16,597 | €28,367 | +€11,771 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | €11,805 | €10,063 | -€1,741 | -14.8% |
| Trade debts | 44 | €2,639 | €2,156 | -€483 | -18.3% |
| Suppliers | 440/4 | €2,639 | €2,156 | -€483 | -18.3% |
| Advances received on contracts in progress | 46 | - | €968 | +€968 | |
| Taxes, remuneration and social security | 45 | €2,153 | €15,180 | +€13,027 | +605.0% |
| Taxes | 450/3 | €2,153 | €15,180 | +€13,027 | +605.0% |
| Non-recurring operating income | 76A | - | €251,908 | +€251,908 | |
| Remuneration, social security and pensions | 62 | €4,896 | - | -€4,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €901 | +€397 | +78.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,895 | -€23,295 | -€25,190 | |
| Other operating charges | 640/8 | €1,006 | €8,340 | +€7,334 | +728.8% |
| Gross operating margin | 9900 | €61,043 | €246,577 | +€185,534 | +303.9% |
| Operating profit (loss) | 9901 | €52,741 | €260,631 | +€207,890 | +394.2% |
| Financial income | 75/76B | €4,803 | €6,218 | +€1,416 | +29.5% |
| Recurring financial income | 75 | €4,803 | €6,218 | +€1,416 | +29.5% |
| Financial charges | 65/66B | €138,064 | €3,786 | -€134,278 | -97.3% |
| Recurring financial charges | 65 | €5,979 | €3,786 | -€2,193 | -36.7% |
| Non-recurring financial charges | 66B | €132,085 | - | -€132,085 | |
| Profit (loss) for the period before taxes | 9903 | -€80,520 | €263,063 | +€343,583 | |
| Income taxes | 67/77 | €13,816 | €84,749 | +€70,933 | +513.4% |
| Profit (loss) for the period | 9904 | -€94,336 | €178,314 | +€272,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,336 | €178,314 | +€272,650 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.