SERVAES: 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.
SERVAES
Largest movements
- Cash +€105,911
up €105,911 (+33.6%), from €315,289 to €421,200
mainly Advances received (+€105,500) and Net result for the year (+€22,233)
- Receivables within one year +€55,621
up €55,621 (+35.8%), from €155,165 to €210,786
of which Trade receivables: +€65,059
- Advances received +€105,500
up €105,500 (+35.9%), from €294,200 to €399,700
- Reserves +€22,233
up €22,233 (+23.4%), from €95,088 to €117,321
- Trade debts +€14,132
up €14,132 (+22.0%), from €64,327 to €78,459
- Tax, wage and social debts +€13,615
up €13,615 (+344%), from €3,955 to €17,570
of which Taxes: +€11,405
- Gross operating margin +€9,325
up €9,325 (+13.9%), from €67,154 to €76,479
- Staff costs +€6,884
up €6,884 (+19.7%), from €34,901 to €41,785
- Financial income -€826
down €826 (-95.1%), from €869 to €43
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 | €481,459 | €641,009 | +€159,550 | +33.1% |
| Fixed assets | 21/28 | €10,813 | €9,000 | -€1,813 | -16.8% |
| Tangible fixed assets | 22/27 | €9,763 | €7,950 | -€1,813 | -18.6% |
| Plant, machinery and equipment | 23 | €8,309 | €6,771 | -€1,538 | -18.5% |
| Furniture and vehicles | 24 | €1,454 | €1,180 | -€274 | -18.8% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €470,646 | €632,008 | +€161,362 | +34.3% |
| Amounts receivable within one year | 40/41 | €155,165 | €210,786 | +€55,621 | +35.8% |
| Trade receivables | 40 | €145,379 | €210,438 | +€65,059 | +44.8% |
| Other amounts receivable | 41 | €9,786 | €348 | -€9,438 | -96.4% |
| Cash at bank and in hand | 54/58 | €315,289 | €421,200 | +€105,911 | +33.6% |
| Deferred charges and accrued income | 490/1 | €192 | €22 | -€169 | -88.5% |
| Total equity and liabilities | 10/49 | €481,459 | €641,009 | +€159,550 | +33.1% |
| Equity | 10/15 | €115,548 | €137,781 | +€22,233 | +19.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €95,088 | €117,321 | +€22,233 | +23.4% |
| Distributable reserves | 133 | €95,088 | €117,321 | +€22,233 | +23.4% |
| Amounts payable | 17/49 | €365,911 | €503,228 | +€137,317 | +37.5% |
| Amounts payable within one year | 42/48 | €365,911 | €503,228 | +€137,317 | +37.5% |
| Trade debts | 44 | €64,327 | €78,459 | +€14,132 | +22.0% |
| Suppliers | 440/4 | €64,327 | €78,459 | +€14,132 | +22.0% |
| Advances received on contracts in progress | 46 | €294,200 | €399,700 | +€105,500 | +35.9% |
| Taxes, remuneration and social security | 45 | €3,955 | €17,570 | +€13,615 | +344% |
| Taxes | 450/3 | - | €11,405 | +€11,405 | |
| Remuneration and social security | 454/9 | €3,955 | €6,166 | +€2,211 | +55.9% |
| Other amounts payable | 47/48 | €3,428 | €7,499 | +€4,070 | +119% |
| Remuneration, social security and pensions | 62 | €34,901 | €41,785 | +€6,884 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,667 | €2,726 | +€58 | +2.2% |
| Other operating charges | 640/8 | €1,194 | €1,212 | +€18 | +1.5% |
| Gross operating margin | 9900 | €67,154 | €76,479 | +€9,325 | +13.9% |
| Operating profit (loss) | 9901 | €28,392 | €30,756 | +€2,364 | +8.3% |
| Financial income | 75/76B | €869 | €43 | -€826 | -95.1% |
| Recurring financial income | 75 | €869 | €43 | -€826 | -95.1% |
| Financial charges | 65/66B | €756 | €442 | -€314 | -41.5% |
| Recurring financial charges | 65 | €756 | €442 | -€314 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €28,505 | €30,357 | +€1,852 | +6.5% |
| Income taxes | 67/77 | €7,921 | €8,124 | +€203 | +2.6% |
| Profit (loss) for the period | 9904 | €20,584 | €22,233 | +€1,649 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,584 | €22,233 | +€1,649 | +8.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.