SERVAIS INDUSTRY: what changed
What changed
SERVAIS INDUSTRY
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€1.0m
2024 · -€160,967-€886,967
Equity
-€997,584
2024 · €50,351-€1.0m
Cash
€417
2024 · €33,613-€33,197
Balance sheet total
€528,902
2024 · €877,998-€349,097
Largest movements
Assets
- Stocks and contracts -€225,423
down €225,423 (-73.3%), from €307,458 to €82,035
- Receivables within one year -€61,236
down €61,236 (-27.4%), from €223,305 to €162,069
of which Trade receivables: -€32,968
- Cash -€33,197
down €33,197 (-98.8%), from €33,613 to €417
mainly Net result for the year (-€1.0m) and Current portion of long-term debt (-€124,352)
- Tangible fixed assets -€29,010
down €29,010 (-9.6%), from €301,621 to €272,611
of which Land and buildings: -€23,668
Equity and liabilities
- Profit (loss) carried forward -€1.0m
down €1.0m, from €26,771 to -€1.0m
- Short-term financial debts +€300,850
up €300,850, from €0 to €300,850
- Trade debts +€300,405
up €300,405 (+159%), from €189,401 to €489,806
- Provisions +€286,681
new in 2025: €286,681
- Current portion of long-term debt -€124,352
down €124,352 (-87.3%), from €142,457 to €18,105
Income statement
- Gross operating margin -€763,964
down €763,964, from €542,260 to -€221,704
- Provisions +€286,681
new in 2025: €286,681
- Staff costs -€226,688
down €226,688 (-36.1%), from €627,668 to €400,980
- Write-downs +€36,735
new in 2025: €36,735
- Financial charges +€18,911
up €18,911 (+51.4%), from €36,814 to €55,725
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€160,967
Gross operating margin
-€763,964
Staff costs
+€226,688
Depreciation
-€284
Write-downs
-€36,735
Provisions
-€286,681
Other operating charges
+€3,759
Other operating items
-€6,598
Financial income
-€987
Financial charges
-€18,911
Taxes
-€3,254
Result 2025
-€1.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€187,428
Investment
-€4,161
Financing
+€158,392
Cash 2024
€33,613
From operations (derived)
-€187,428
Net result for the year
-€1.0m
Depreciation
+€33,170
Stocks and contracts
+€225,423
Receivables within one year
+€61,236
Deferred charges and accrued income
+€231
Provisions
+€286,681
Trade debts
+€300,405
Tax, wage and social debts
-€8,689
Other debts
-€37,952
Investment (derived)
-€4,161
Investment in fixed assets (net)
-€4,161
Financing
+€158,392
Debts after one year
-€18,105
Current portion of long-term debt
-€124,352
Short-term financial debts
+€300,850
Cash 2025
€417
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €877,998 | €528,902 | -€349,097 | -39.8% |
| Fixed assets | 21/28 | €309,659 | €280,649 | -€29,010 | -9.4% |
| Tangible fixed assets | 22/27 | €301,621 | €272,611 | -€29,010 | -9.6% |
| Land and buildings | 22 | €280,560 | €256,892 | -€23,668 | -8.4% |
| Plant, machinery and equipment | 23 | €11,828 | €8,035 | -€3,793 | -32.1% |
| Furniture and vehicles | 24 | €9,233 | €7,684 | -€1,549 | -16.8% |
| Financial fixed assets | 28 | €8,038 | €8,038 | = | 0.0% |
| Current assets | 29/58 | €568,340 | €248,252 | -€320,087 | -56.3% |
| Stocks and contracts in progress | 3 | €307,458 | €82,035 | -€225,423 | -73.3% |
| Stocks | 30/36 | €307,458 | €82,035 | -€225,423 | -73.3% |
| Amounts receivable within one year | 40/41 | €223,305 | €162,069 | -€61,236 | -27.4% |
| Trade receivables | 40 | €165,425 | €132,457 | -€32,968 | -19.9% |
| Other amounts receivable | 41 | €57,879 | €29,612 | -€28,268 | -48.8% |
| Cash at bank and in hand | 54/58 | €33,613 | €417 | -€33,197 | -98.8% |
| Deferred charges and accrued income | 490/1 | €3,963 | €3,732 | -€231 | -5.8% |
| Total equity and liabilities | 10/49 | €877,998 | €528,902 | -€349,097 | -39.8% |
| Equity | 10/15 | €50,351 | -€997,584 | -€1.0m | |
| Contributions | 10/11 | €23,580 | €23,580 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €26,771 | -€1,021,164 | -€1.0m | |
| Provisions and deferred taxes | 16 | - | €286,681 | +€286,681 | |
| Provisions for liabilities and charges | 160/5 | - | €286,681 | +€286,681 | |
| Other liabilities and charges | 164/5 | - | €286,681 | +€286,681 | |
| Amounts payable | 17/49 | €827,648 | €1,239,804 | +€412,157 | +49.8% |
| Amounts payable after more than one year | 17 | €319,701 | €301,596 | -€18,105 | -5.7% |
| Financial debts | 170/4 | €319,701 | €301,596 | -€18,105 | -5.7% |
| Amounts payable within one year | 42/48 | €507,947 | €938,209 | +€430,262 | +84.7% |
| Current portion of amounts payable after more than one year | 42 | €142,457 | €18,105 | -€124,352 | -87.3% |
| Financial debts | 43 | €0 | €300,850 | +€300,850 | |
| Credit institutions | 430/8 | €0 | €300,850 | +€300,850 | |
| Trade debts | 44 | €189,401 | €489,806 | +€300,405 | +159% |
| Suppliers | 440/4 | €189,401 | €489,806 | +€300,405 | +159% |
| Taxes, remuneration and social security | 45 | €63,263 | €54,574 | -€8,689 | -13.7% |
| Taxes | 450/3 | €3,504 | €4,094 | +€590 | +16.8% |
| Remuneration and social security | 454/9 | €59,759 | €50,480 | -€9,279 | -15.5% |
| Other amounts payable | 47/48 | €112,827 | €74,875 | -€37,952 | -33.6% |
| Non-recurring operating income | 76A | €23,689 | €0 | -€23,689 | -100% |
| Remuneration, social security and pensions | 62 | €627,668 | €400,980 | -€226,688 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,886 | €33,170 | +€284 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,735 | +€36,735 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €286,681 | +€286,681 | |
| Other operating charges | 640/8 | €12,472 | €8,714 | -€3,759 | -30.1% |
| Non-recurring operating charges | 66A | €0 | €6,598 | +€6,598 | |
| Gross operating margin | 9900 | €542,260 | -€221,704 | -€763,964 | |
| Operating profit (loss) | 9901 | -€130,767 | -€994,582 | -€863,815 | -661% |
| Financial income | 75/76B | €987 | €0 | -€987 | -100.0% |
| Recurring financial income | 75 | €987 | €0 | -€987 | -100.0% |
| Financial charges | 65/66B | €36,814 | €55,725 | +€18,911 | +51.4% |
| Recurring financial charges | 65 | €36,814 | €55,725 | +€18,911 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | -€166,593 | -€1,050,307 | -€883,713 | -530% |
| Income taxes | 67/77 | -€5,626 | -€2,372 | +€3,254 | +57.8% |
| Profit (loss) for the period | 9904 | -€160,967 | -€1,047,934 | -€886,967 | -551% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,967 | -€1,047,934 | -€886,967 | -551% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.