SERVAIS Julien: 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.
SERVAIS Julien
Largest movements
- Tangible fixed assets +€210,485
up €210,485 (+227%), from €92,665 to €303,150
of which Furniture and vehicles: +€206,126
- Receivables within one year +€32,218
up €32,218 (+265%), from €12,152 to €44,370
of which Other amounts receivable: +€23,190
- Cash -€12,728
down €12,728 (-62.6%), from €20,348 to €7,620
mainly Investment in fixed assets (net) (-€272,063) and Receivables within one year (-€32,218)
- Deferred charges and accrued income +€10,904
up €10,904 (+78.8%), from €13,842 to €24,746
- Debts after one year +€167,587
up €167,587 (+182%), from €92,192 to €259,780
- Current portion of long-term debt +€49,240
up €49,240 (+293%), from €16,823 to €66,063
- Trade debts +€30,362
up €30,362 (+387%), from €7,854 to €38,216
- Tax, wage and social debts -€10,182
down €10,182 (-90.3%), from €11,277 to €1,095
of which Taxes: -€10,182
- Profit (loss) carried forward +€3,872
up €3,872 (+48.2%), from €8,027 to €11,899
- Gross operating margin +€33,765
up €33,765 (+78.0%), from €43,306 to €77,071
- Depreciation +€30,528
up €30,528 (+102%), from €29,800 to €60,328
- Financial charges +€5,663
up €5,663 (+113%), from €5,003 to €10,666
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 | €139,756 | €381,886 | +€242,130 | +173% |
| Fixed assets | 21/28 | €93,415 | €305,150 | +€211,735 | +227% |
| Tangible fixed assets | 22/27 | €92,665 | €303,150 | +€210,485 | +227% |
| Plant, machinery and equipment | 23 | €4,227 | €8,586 | +€4,359 | +103% |
| Furniture and vehicles | 24 | €88,438 | €294,564 | +€206,126 | +233% |
| Financial fixed assets | 28 | €750 | €2,000 | +€1,250 | +167% |
| Current assets | 29/58 | €46,341 | €76,736 | +€30,395 | +65.6% |
| Amounts receivable within one year | 40/41 | €12,152 | €44,370 | +€32,218 | +265% |
| Trade receivables | 40 | €11,972 | €21,000 | +€9,028 | +75.4% |
| Other amounts receivable | 41 | €180 | €23,370 | +€23,190 | +12,883% |
| Cash at bank and in hand | 54/58 | €20,348 | €7,620 | -€12,728 | -62.6% |
| Deferred charges and accrued income | 490/1 | €13,842 | €24,746 | +€10,904 | +78.8% |
| Total equity and liabilities | 10/49 | €139,756 | €381,886 | +€242,130 | +173% |
| Equity | 10/15 | €11,027 | €14,899 | +€3,872 | +35.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,027 | €11,899 | +€3,872 | +48.2% |
| Amounts payable | 17/49 | €128,729 | €366,987 | +€238,258 | +185% |
| Amounts payable after more than one year | 17 | €92,192 | €259,780 | +€167,587 | +182% |
| Financial debts | 170/4 | €92,192 | €259,780 | +€167,587 | +182% |
| Amounts payable within one year | 42/48 | €36,537 | €107,207 | +€70,671 | +193% |
| Current portion of amounts payable after more than one year | 42 | €16,823 | €66,063 | +€49,240 | +293% |
| Trade debts | 44 | €7,854 | €38,216 | +€30,362 | +387% |
| Suppliers | 440/4 | €7,854 | €38,216 | +€30,362 | +387% |
| Taxes, remuneration and social security | 45 | €11,277 | €1,095 | -€10,182 | -90.3% |
| Taxes | 450/3 | €11,277 | €1,095 | -€10,182 | -90.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €583 | €1,834 | +€1,251 | +215% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,800 | €60,328 | +€30,528 | +102% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €191 | +€191 | |
| Other operating charges | 640/8 | €536 | €555 | +€18 | +3.4% |
| Gross operating margin | 9900 | €43,306 | €77,071 | +€33,765 | +78.0% |
| Operating profit (loss) | 9901 | €12,970 | €15,998 | +€3,027 | +23.3% |
| Financial income | 75/76B | €5 | €8 | +€3 | +63.5% |
| Recurring financial income | 75 | €5 | €8 | +€3 | +63.5% |
| Financial charges | 65/66B | €5,003 | €10,666 | +€5,663 | +113% |
| Recurring financial charges | 65 | €5,003 | €10,666 | +€5,663 | +113% |
| Profit (loss) for the period before taxes | 9903 | €7,972 | €5,340 | -€2,632 | -33.0% |
| Income taxes | 67/77 | €1,735 | €1,468 | -€267 | -15.4% |
| Profit (loss) for the period | 9904 | €6,237 | €3,872 | -€2,365 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,237 | €3,872 | -€2,365 | -37.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.