SERVAES SERVICES: 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.
SERVAES SERVICES
Largest movements
- Cash -€167,076
down €167,076 (-83.9%), from €199,044 to €31,968
mainly Other debts (-€73,897) and Tax, wage and social debts (-€42,635)
- Receivables within one year +€34,204
up €34,204 (+8.0%), from €426,932 to €461,136
of which Trade receivables: +€52,804
- Tangible fixed assets -€19,306
down €19,306 (-12.0%), from €161,028 to €141,722
of which Furniture and vehicles: -€27,306
- Deferred charges and accrued income +€14,483
up €14,483 (+60.7%), from €23,868 to €38,351
- Other debts -€73,897
down €73,897 (-66.3%), from €111,424 to €37,527
- Tax, wage and social debts -€42,635
down €42,635 (-27.9%), from €152,669 to €110,034
of which Remuneration and social security: -€22,036
- Debts after one year -€16,764
down €16,764 (-56.3%), from €29,757 to €12,993
- Short-term financial debts -€10,107
no longer reported in 2025 (was €10,107)
- Reserves +€10,000
up €10,000 (+4.0%), from €250,000 to €260,000
- Gross operating margin -€66,603
down €66,603 (-6.1%), from €1.1m to €1.0m
- Staff costs -€50,660
down €50,660 (-5.3%), from €957,018 to €906,358
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 | €847,329 | €709,634 | -€137,695 | -16.3% |
| Fixed assets | 21/28 | €166,285 | €146,979 | -€19,306 | -11.6% |
| Tangible fixed assets | 22/27 | €161,028 | €141,722 | -€19,306 | -12.0% |
| Furniture and vehicles | 24 | €58,890 | €31,584 | -€27,306 | -46.4% |
| Other tangible fixed assets | 26 | €102,138 | €110,138 | +€8,000 | +7.8% |
| Financial fixed assets | 28 | €5,257 | €5,257 | = | 0.0% |
| Current assets | 29/58 | €681,044 | €562,655 | -€118,389 | -17.4% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €426,932 | €461,136 | +€34,204 | +8.0% |
| Trade receivables | 40 | €406,582 | €459,386 | +€52,804 | +13.0% |
| Other amounts receivable | 41 | €20,350 | €1,750 | -€18,600 | -91.4% |
| Current investments | 50/53 | €1,200 | €1,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199,044 | €31,968 | -€167,076 | -83.9% |
| Deferred charges and accrued income | 490/1 | €23,868 | €38,351 | +€14,483 | +60.7% |
| Total equity and liabilities | 10/49 | €847,329 | €709,634 | -€137,695 | -16.3% |
| Equity | 10/15 | €351,259 | €361,633 | +€10,374 | +3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €260,000 | +€10,000 | +4.0% |
| Distributable reserves | 133 | €250,000 | €260,000 | +€10,000 | +4.0% |
| Profit (loss) carried forward | 14 | €1,259 | €1,633 | +€374 | +29.7% |
| Amounts payable | 17/49 | €496,070 | €348,001 | -€148,069 | -29.8% |
| Amounts payable after more than one year | 17 | €29,757 | €12,993 | -€16,764 | -56.3% |
| Financial debts | 170/4 | €29,757 | €12,993 | -€16,764 | -56.3% |
| Amounts payable within one year | 42/48 | €466,313 | €334,871 | -€131,442 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €21,663 | €16,764 | -€4,899 | -22.6% |
| Financial debts | 43 | €10,107 | - | -€10,107 | |
| Credit institutions | 430/8 | €10,107 | - | -€10,107 | |
| Trade debts | 44 | €170,450 | €170,546 | +€96 | +0.1% |
| Suppliers | 440/4 | €170,450 | €170,546 | +€96 | +0.1% |
| Taxes, remuneration and social security | 45 | €152,669 | €110,034 | -€42,635 | -27.9% |
| Taxes | 450/3 | €40,156 | €19,557 | -€20,599 | -51.3% |
| Remuneration and social security | 454/9 | €112,513 | €90,477 | -€22,036 | -19.6% |
| Other amounts payable | 47/48 | €111,424 | €37,527 | -€73,897 | -66.3% |
| Accrued charges and deferred income | 492/3 | - | €137 | +€137 | |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | €957,018 | €906,358 | -€50,660 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,657 | €57,043 | -€4,614 | -7.5% |
| Other operating charges | 640/8 | €38,361 | €30,806 | -€7,555 | -19.7% |
| Gross operating margin | 9900 | €1,089,901 | €1,023,298 | -€66,603 | -6.1% |
| Operating profit (loss) | 9901 | €32,865 | €29,091 | -€3,774 | -11.5% |
| Financial income | 75/76B | €5,713 | €254 | -€5,459 | -95.6% |
| Recurring financial income | 75 | €5,713 | €254 | -€5,459 | -95.6% |
| Financial charges | 65/66B | €14,352 | €4,480 | -€9,872 | -68.8% |
| Recurring financial charges | 65 | €14,352 | €4,480 | -€9,872 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €24,226 | €24,865 | +€639 | +2.6% |
| Income taxes | 67/77 | €16,100 | €14,491 | -€1,609 | -10.0% |
| Profit (loss) for the period | 9904 | €8,126 | €10,374 | +€2,248 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,126 | €10,374 | +€2,248 | +27.7% |
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 4 October 2026 via checked.be.