SERVAN: 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.
SERVAN
Largest movements
- Tangible fixed assets +€61,826
up €61,826 (+8.1%), from €760,415 to €822,241
of which Land and buildings: +€62,161
- Receivables within one year -€19,553
down €19,553 (-7.3%), from €267,396 to €247,844
of which Trade receivables: -€26,384
- Cash +€15,008
up €15,008 (+143.3%), from €10,471 to €25,479
mainly Depreciation (+€72,286) and Debts after one year (+€57,143)
- Debts after one year +€57,143
up €57,143 (+44.7%), from €127,908 to €185,052
of which Financial debts: +€57,143
- Reserves -€16,893
down €16,893 (-4.3%), from €395,748 to €378,856
of which Distributable reserves: -€16,893
- Gross operating margin +€31,578
up €31,578 (+42.6%), from €74,040 to €105,619
- Other operating charges +€12,280
up €12,280 (+46.9%), from €26,176 to €38,456
- Depreciation +€10,745
up €10,745 (+17.5%), from €61,541 to €72,286
- Financial charges +€1,993
up €1,993 (+34.6%), from €5,754 to €7,748
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 | €1,145,024 | €1,203,592 | +€58,567 | +5.1% |
| Fixed assets | 21/28 | €866,762 | €927,368 | +€60,606 | +7.0% |
| Intangible fixed assets | 21 | €6,347 | €5,128 | -€1,219 | -19.2% |
| Tangible fixed assets | 22/27 | €760,415 | €822,241 | +€61,826 | +8.1% |
| Land and buildings | 22 | €758,511 | €820,672 | +€62,161 | +8.2% |
| Plant, machinery and equipment | 23 | €1,904 | €1,569 | -€335 | -17.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €278,262 | €276,223 | -€2,039 | -0.7% |
| Amounts receivable within one year | 40/41 | €267,396 | €247,844 | -€19,553 | -7.3% |
| Trade receivables | 40 | €37,524 | €11,139 | -€26,384 | -70.3% |
| Other amounts receivable | 41 | €229,873 | €236,704 | +€6,831 | +3.0% |
| Cash at bank and in hand | 54/58 | €10,471 | €25,479 | +€15,008 | +143.3% |
| Deferred charges and accrued income | 490/1 | €395 | €2,901 | +€2,506 | +634.0% |
| Total equity and liabilities | 10/49 | €1,145,024 | €1,203,592 | +€58,567 | +5.1% |
| Equity | 10/15 | €687,120 | €673,879 | -€13,241 | -1.9% |
| Contributions | 10/11 | €295,023 | €295,023 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Outside capital | 11 | €95,023 | €95,023 | = | 0.0% |
| Share premium | 1100/10 | €95,023 | €95,023 | = | 0.0% |
| Reserves | 13 | €395,748 | €378,856 | -€16,893 | -4.3% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,648 | €19,648 | = | 0.0% |
| Distributable reserves | 133 | €356,101 | €339,208 | -€16,893 | -4.7% |
| Profit (loss) carried forward | 14 | -€3,651 | €0 | +€3,651 | |
| Amounts payable | 17/49 | €457,904 | €529,713 | +€71,809 | +15.7% |
| Amounts payable after more than one year | 17 | €127,908 | €185,052 | +€57,143 | +44.7% |
| Financial debts | 170/4 | €125,148 | €182,292 | +€57,143 | +45.7% |
| Other amounts payable | 178/9 | €2,760 | €2,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €329,996 | €344,661 | +€14,665 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €28,075 | €37,342 | +€9,267 | +33.0% |
| Trade debts | 44 | €24,392 | €34,839 | +€10,447 | +42.8% |
| Suppliers | 440/4 | €24,392 | €34,839 | +€10,447 | +42.8% |
| Taxes, remuneration and social security | 45 | €13,989 | €8,958 | -€5,031 | -36.0% |
| Taxes | 450/3 | €13,989 | €8,958 | -€5,031 | -36.0% |
| Other amounts payable | 47/48 | €263,540 | €263,522 | -€18 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,541 | €72,286 | +€10,745 | +17.5% |
| Other operating charges | 640/8 | €26,176 | €38,456 | +€12,280 | +46.9% |
| Gross operating margin | 9900 | €74,040 | €105,619 | +€31,578 | +42.6% |
| Operating profit (loss) | 9901 | -€13,677 | -€5,123 | +€8,553 | +62.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,754 | €7,748 | +€1,993 | +34.6% |
| Recurring financial charges | 65 | €5,754 | €7,748 | +€1,993 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,431 | -€12,871 | +€6,560 | +33.8% |
| Income taxes | 67/77 | €357 | €370 | +€13 | +3.6% |
| Profit (loss) for the period | 9904 | -€19,788 | -€13,241 | +€6,547 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,788 | -€13,241 | +€6,547 | +33.1% |
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 3 October 2026 via checked.be.