servan: 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.
servan
Largest movements
- Receivables within one year +€71,412
up €71,412 (+67.9%), from €105,181 to €176,593
of which Trade receivables: +€65,622
- Receivables after one year -€45,000
down €45,000 (-45.0%), from €100,000 to €55,000
- Tangible fixed assets -€34,378
down €34,378 (-7.0%), from €492,172 to €457,794
of which Land and buildings: -€33,046
- Cash -€7,782
down €7,782 (-86.4%), from €9,001 to €1,220
mainly Receivables within one year (-€71,412) and Contributions, distributions and other (-€68,930)
- Other debts +€80,956
up €80,956 (+453%), from €17,859 to €98,815
- Reserves -€68,930
down €68,930 (-51.2%), from €134,741 to €65,810
- Debts after one year -€24,137
down €24,137 (-9.3%), from €259,701 to €235,564
- Accrued charges and deferred income -€22,620
down €22,620 (-92.5%), from €24,457 to €1,837
- Tax, wage and social debts +€15,374
up €15,374 (+166%), from €9,272 to €24,645
- Gross operating margin -€22,859
down €22,859 (-18.3%), from €124,619 to €101,761
- Financial income +€6,656
up €6,656 (+706%), from €942 to €7,598
- Staff costs -€2,503
down €2,503 (-100%), from €2,503 to €0
- Taxes -€1,672
down €1,672 (-86.8%), from €1,927 to €255
- Depreciation +€1,421
up €1,421 (+1.7%), from €83,448 to €84,869
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 | €733,076 | €717,418 | -€15,658 | -2.1% |
| Fixed assets | 21/28 | €518,537 | €484,159 | -€34,378 | -6.6% |
| Tangible fixed assets | 22/27 | €492,172 | €457,794 | -€34,378 | -7.0% |
| Land and buildings | 22 | €486,987 | €453,941 | -€33,046 | -6.8% |
| Furniture and vehicles | 24 | €5,185 | €3,853 | -€1,332 | -25.7% |
| Financial fixed assets | 28 | €26,365 | €26,365 | = | 0.0% |
| Current assets | 29/58 | €214,538 | €233,259 | +€18,720 | +8.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €55,000 | -€45,000 | -45.0% |
| Other amounts receivable | 291 | €100,000 | €55,000 | -€45,000 | -45.0% |
| Amounts receivable within one year | 40/41 | €105,181 | €176,593 | +€71,412 | +67.9% |
| Trade receivables | 40 | €26,180 | €91,802 | +€65,622 | +251% |
| Other amounts receivable | 41 | €79,001 | €84,790 | +€5,789 | +7.3% |
| Cash at bank and in hand | 54/58 | €9,001 | €1,220 | -€7,782 | -86.4% |
| Deferred charges and accrued income | 490/1 | €356 | €446 | +€90 | +25.3% |
| Total equity and liabilities | 10/49 | €733,076 | €717,418 | -€15,658 | -2.1% |
| Equity | 10/15 | €366,096 | €296,156 | -€69,939 | -19.1% |
| Reserves | 13 | €134,741 | €65,810 | -€68,930 | -51.2% |
| Distributable reserves | 133 | €134,741 | €65,810 | -€68,930 | -51.2% |
| Profit (loss) carried forward | 14 | €231,355 | €230,346 | -€1,009 | -0.4% |
| Amounts payable | 17/49 | €366,980 | €421,262 | +€54,282 | +14.8% |
| Amounts payable after more than one year | 17 | €259,701 | €235,564 | -€24,137 | -9.3% |
| Financial debts | 170/4 | €259,701 | €235,564 | -€24,137 | -9.3% |
| Amounts payable within one year | 42/48 | €82,822 | €183,861 | +€101,038 | +122% |
| Current portion of amounts payable after more than one year | 42 | €43,071 | €48,173 | +€5,102 | +11.8% |
| Trade debts | 44 | €12,620 | €6,427 | -€6,194 | -49.1% |
| Suppliers | 440/4 | €12,620 | €6,427 | -€6,194 | -49.1% |
| Advances received on contracts in progress | 46 | - | €5,800 | +€5,800 | |
| Taxes, remuneration and social security | 45 | €9,272 | €24,645 | +€15,374 | +166% |
| Taxes | 450/3 | €9,272 | €24,645 | +€15,374 | +166% |
| Other amounts payable | 47/48 | €17,859 | €98,815 | +€80,956 | +453% |
| Accrued charges and deferred income | 492/3 | €24,457 | €1,837 | -€22,620 | -92.5% |
| Non-recurring operating income | 76A | €16,550 | €0 | -€16,550 | -100% |
| Remuneration, social security and pensions | 62 | €2,503 | €0 | -€2,503 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,448 | €84,869 | +€1,421 | +1.7% |
| Other operating charges | 640/8 | €4,736 | €6,084 | +€1,347 | +28.4% |
| Gross operating margin | 9900 | €124,619 | €101,761 | -€22,859 | -18.3% |
| Operating profit (loss) | 9901 | €33,932 | €10,808 | -€23,125 | -68.1% |
| Financial income | 75/76B | €942 | €7,598 | +€6,656 | +706% |
| Recurring financial income | 75 | €942 | €7,598 | +€6,656 | +706% |
| Financial charges | 65/66B | €19,221 | €19,160 | -€61 | -0.3% |
| Recurring financial charges | 65 | €19,221 | €19,160 | -€61 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €15,654 | -€754 | -€16,408 | |
| Income taxes | 67/77 | €1,927 | €255 | -€1,672 | -86.8% |
| Profit (loss) for the period | 9904 | €13,727 | -€1,009 | -€14,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,727 | -€1,009 | -€14,736 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.