SERVALEC: 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.
SERVALEC
Largest movements
- Tangible fixed assets -€38,668
down €38,668 (-5.9%), from €652,700 to €614,032
of which Furniture and vehicles: -€24,430
- Cash +€35,344
up €35,344 (+270.9%), from €13,045 to €48,389
mainly Depreciation (+€44,268) and Net result for the year (+€20,142)
- Reserves +€20,142
up €20,142 (+3.0%), from €661,894 to €682,036
- Tax, wage and social debts -€11,129
down €11,129 (-48.9%), from €22,742 to €11,614
- Financial income -€53,841
down €53,841 (-76.0%), from €70,886 to €17,046
of which Financial income: -€53,991
- Depreciation +€19,158
up €19,158 (+76.3%), from €25,110 to €44,268
- Gross operating margin +€8,515
up €8,515 (+10.3%), from €82,572 to €91,087
- Taxes -€6,806
down €6,806 (-40.3%), from €16,895 to €10,089
- Financial charges +€1,735
up €1,735 (+8.5%), from €20,341 to €22,076
of which Financial charges: +€1,697
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 | €1,045,386 | €1,054,078 | +€8,692 | +0.8% |
| Fixed assets | 21/28 | €652,700 | €614,032 | -€38,668 | -5.9% |
| Tangible fixed assets | 22/27 | €652,700 | €614,032 | -€38,668 | -5.9% |
| Land and buildings | 22 | €535,197 | €520,959 | -€14,238 | -2.7% |
| Furniture and vehicles | 24 | €117,503 | €93,073 | -€24,430 | -20.8% |
| Current assets | 29/58 | €392,686 | €440,046 | +€47,360 | +12.1% |
| Amounts receivable within one year | 40/41 | €0 | €921 | +€921 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €921 | +€921 | |
| Current investments | 50/53 | €375,000 | €385,411 | +€10,411 | +2.8% |
| Cash at bank and in hand | 54/58 | €13,045 | €48,389 | +€35,344 | +270.9% |
| Deferred charges and accrued income | 490/1 | €4,641 | €5,325 | +€684 | +14.7% |
| Total equity and liabilities | 10/49 | €1,045,386 | €1,054,078 | +€8,692 | +0.8% |
| Equity | 10/15 | €748,920 | €769,062 | +€20,142 | +2.7% |
| Contributions | 10/11 | €95,447 | €95,447 | = | 0.0% |
| Reserves | 13 | €661,894 | €682,036 | +€20,142 | +3.0% |
| Distributable reserves | 133 | €661,894 | €682,036 | +€20,142 | +3.0% |
| Profit (loss) carried forward | 14 | -€8,421 | -€8,421 | = | 0.0% |
| Amounts payable | 17/49 | €296,466 | €285,016 | -€11,450 | -3.9% |
| Amounts payable within one year | 42/48 | €294,816 | €283,256 | -€11,560 | -3.9% |
| Trade debts | 44 | €2,454 | €0 | -€2,454 | -100.0% |
| Suppliers | 440/4 | €2,454 | €0 | -€2,454 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,742 | €11,614 | -€11,129 | -48.9% |
| Taxes | 450/3 | €22,742 | €11,614 | -€11,129 | -48.9% |
| Other amounts payable | 47/48 | €269,620 | €271,643 | +€2,023 | +0.8% |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,760 | +€110 | +6.7% |
| Non-recurring operating income | 76A | €691 | €0 | -€691 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,110 | €44,268 | +€19,158 | +76.3% |
| Other operating charges | 640/8 | €11,150 | €11,558 | +€408 | +3.7% |
| Gross operating margin | 9900 | €82,572 | €91,087 | +€8,515 | +10.3% |
| Operating profit (loss) | 9901 | €46,312 | €35,261 | -€11,051 | -23.9% |
| Financial income | 75/76B | €70,886 | €17,046 | -€53,841 | -76.0% |
| Recurring financial income | 75 | €70,886 | €16,895 | -€53,991 | -76.2% |
| Non-recurring financial income | 76B | - | €151 | +€151 | |
| Financial charges | 65/66B | €20,341 | €22,076 | +€1,735 | +8.5% |
| Recurring financial charges | 65 | €20,341 | €22,038 | +€1,697 | +8.3% |
| Non-recurring financial charges | 66B | - | €38 | +€38 | |
| Profit (loss) for the period before taxes | 9903 | €96,858 | €30,231 | -€66,627 | -68.8% |
| Income taxes | 67/77 | €16,895 | €10,089 | -€6,806 | -40.3% |
| Profit (loss) for the period | 9904 | €79,963 | €20,142 | -€59,821 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,963 | €20,142 | -€59,821 | -74.8% |
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 28 September 2026 via checked.be.