SERVAF: 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.
SERVAF
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€31,660
down €31,660 (-10.7%), from €296,114 to €264,453
of which Financial debts: -€31,660
- Other debts +€23,793
up €23,793 (+43.6%), from €54,567 to €78,361
- Profit (loss) carried forward +€6,209
up €6,209 (+14.1%), from €44,065 to €50,275
- Gross operating margin -€6,547
down €6,547 (-15.2%), from €42,949 to €36,402
- Other operating charges -€4,400
down €4,400 (-47.4%), from €9,280 to €4,881
- Depreciation +€835
up €835 (+5.4%), from €15,398 to €16,234
- Taxes -€706
down €706 (-23.8%), from €2,967 to €2,260
- Financial charges -€547
down €547 (-7.4%), from €7,384 to €6,837
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 | €447,277 | €446,397 | -€881 | -0.2% |
| Fixed assets | 21/28 | €421,415 | €420,101 | -€1,314 | -0.3% |
| Tangible fixed assets | 22/27 | €421,415 | €420,101 | -€1,314 | -0.3% |
| Land and buildings | 22 | €405,924 | €392,641 | -€13,283 | -3.3% |
| Plant, machinery and equipment | 23 | €15,491 | €25,262 | +€9,771 | +63.1% |
| Furniture and vehicles | 24 | - | €2,198 | +€2,198 | |
| Current assets | 29/58 | €25,862 | €26,296 | +€433 | +1.7% |
| Amounts receivable within one year | 40/41 | €11,936 | €13,025 | +€1,089 | +9.1% |
| Trade receivables | 40 | €11,936 | €13,025 | +€1,089 | +9.1% |
| Cash at bank and in hand | 54/58 | €13,926 | €13,271 | -€656 | -4.7% |
| Total equity and liabilities | 10/49 | €447,277 | €446,397 | -€881 | -0.2% |
| Equity | 10/15 | €54,065 | €60,275 | +€6,209 | +11.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,065 | €50,275 | +€6,209 | +14.1% |
| Amounts payable | 17/49 | €393,212 | €386,122 | -€7,090 | -1.8% |
| Amounts payable after more than one year | 17 | €296,114 | €264,453 | -€31,660 | -10.7% |
| Financial debts | 170/4 | €294,664 | €263,003 | -€31,660 | -10.7% |
| Other amounts payable | 178/9 | €1,450 | €1,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,877 | €120,817 | +€24,939 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €33,287 | €34,007 | +€720 | +2.2% |
| Trade debts | 44 | €528 | €427 | -€101 | -19.1% |
| Suppliers | 440/4 | €528 | €427 | -€101 | -19.1% |
| Taxes, remuneration and social security | 45 | €7,495 | €8,022 | +€527 | +7.0% |
| Taxes | 450/3 | €7,495 | €8,022 | +€527 | +7.0% |
| Other amounts payable | 47/48 | €54,567 | €78,361 | +€23,793 | +43.6% |
| Accrued charges and deferred income | 492/3 | €1,221 | €852 | -€369 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,398 | €16,234 | +€835 | +5.4% |
| Other operating charges | 640/8 | €9,280 | €4,881 | -€4,400 | -47.4% |
| Gross operating margin | 9900 | €42,949 | €36,402 | -€6,547 | -15.2% |
| Operating profit (loss) | 9901 | €18,271 | €15,288 | -€2,983 | -16.3% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €7,384 | €6,837 | -€547 | -7.4% |
| Recurring financial charges | 65 | €7,384 | €6,837 | -€547 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €10,886 | €8,470 | -€2,417 | -22.2% |
| Income taxes | 67/77 | €2,967 | €2,260 | -€706 | -23.8% |
| Profit (loss) for the period | 9904 | €7,920 | €6,209 | -€1,710 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,920 | €6,209 | -€1,710 | -21.6% |
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 29 September 2026 via checked.be.