Servatis: 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.
Servatis
Largest movements
- Intangible fixed assets -€450,590
down €450,590 (-11.8%), from €3.8m to €3.4m
- Cash +€416,031
up €416,031 (+242.6%), from €171,515 to €587,545
mainly Depreciation (+€479,234) and Current investments (+€250,000)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year -€62,989
down €62,989 (-32.2%), from €195,681 to €132,692
- Debts after one year -€438,115
down €438,115 (-13.5%), from €3.2m to €2.8m
- Other debts +€110,495
up €110,495 (+120.4%), from €91,781 to €202,276
- Tax, wage and social debts +€92,087
up €92,087 (+91.6%), from €100,494 to €192,581
of which Taxes: +€86,083
- Current portion of long-term debt -€84,480
down €84,480 (-22.5%), from €375,712 to €291,232
- Trade debts -€49,099
down €49,099 (-62.0%), from €79,240 to €30,141
- Gross operating margin +€213,856
up €213,856 (+17.6%), from €1.2m to €1.4m
- Staff costs +€58,093
up €58,093 (+11.3%), from €512,153 to €570,246
- Taxes +€41,241
up €41,241 (+92.1%), from €44,801 to €86,042
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 | €4,564,292 | €4,211,364 | -€352,927 | -7.7% |
| Fixed assets | 21/28 | €3,927,306 | €3,474,626 | -€452,681 | -11.5% |
| Intangible fixed assets | 21 | €3,830,016 | €3,379,426 | -€450,590 | -11.8% |
| Tangible fixed assets | 22/27 | €89,272 | €87,181 | -€2,091 | -2.3% |
| Plant, machinery and equipment | 23 | €15,622 | €10,622 | -€4,999 | -32.0% |
| Furniture and vehicles | 24 | €65,554 | €70,410 | +€4,856 | +7.4% |
| Other tangible fixed assets | 26 | €8,097 | €6,149 | -€1,948 | -24.1% |
| Financial fixed assets | 28 | €8,018 | €8,018 | = | 0.0% |
| Current assets | 29/58 | €636,985 | €736,739 | +€99,753 | +15.7% |
| Amounts receivable within one year | 40/41 | €195,681 | €132,692 | -€62,989 | -32.2% |
| Trade receivables | 40 | €195,681 | €132,692 | -€62,989 | -32.2% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €171,515 | €587,545 | +€416,031 | +242.6% |
| Deferred charges and accrued income | 490/1 | €19,790 | €16,502 | -€3,288 | -16.6% |
| Total equity and liabilities | 10/49 | €4,564,292 | €4,211,364 | -€352,927 | -7.7% |
| Equity | 10/15 | €674,583 | €685,229 | +€10,646 | +1.6% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €24,583 | €35,229 | +€10,646 | +43.3% |
| Non-distributable reserves | 130/1 | €24,583 | €35,229 | +€10,646 | +43.3% |
| Legal reserve | 130 | €24,583 | €35,229 | +€10,646 | +43.3% |
| Provisions and deferred taxes | 16 | - | €5,538 | +€5,538 | |
| Provisions for liabilities and charges | 160/5 | - | €5,538 | +€5,538 | |
| Other liabilities and charges | 164/5 | - | €5,538 | +€5,538 | |
| Amounts payable | 17/49 | €3,889,709 | €3,520,597 | -€369,112 | -9.5% |
| Amounts payable after more than one year | 17 | €3,242,481 | €2,804,366 | -€438,115 | -13.5% |
| Financial debts | 170/4 | €3,242,481 | €2,804,366 | -€438,115 | -13.5% |
| Amounts payable within one year | 42/48 | €647,227 | €716,230 | +€69,003 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €375,712 | €291,232 | -€84,480 | -22.5% |
| Trade debts | 44 | €79,240 | €30,141 | -€49,099 | -62.0% |
| Suppliers | 440/4 | €79,240 | €30,141 | -€49,099 | -62.0% |
| Taxes, remuneration and social security | 45 | €100,494 | €192,581 | +€92,087 | +91.6% |
| Taxes | 450/3 | €43,957 | €130,039 | +€86,083 | +195.8% |
| Remuneration and social security | 454/9 | €56,538 | €62,542 | +€6,004 | +10.6% |
| Other amounts payable | 47/48 | €91,781 | €202,276 | +€110,495 | +120.4% |
| Remuneration, social security and pensions | 62 | €512,153 | €570,246 | +€58,093 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474,472 | €479,234 | +€4,762 | +1.0% |
| Other operating charges | 640/8 | €1,825 | €3,014 | +€1,189 | +65.2% |
| Gross operating margin | 9900 | €1,218,454 | €1,432,310 | +€213,856 | +17.6% |
| Operating profit (loss) | 9901 | €230,004 | €379,816 | +€149,812 | +65.1% |
| Financial income | 75/76B | €4,587 | €4,453 | -€134 | -2.9% |
| Recurring financial income | 75 | €4,587 | €4,453 | -€134 | -2.9% |
| Financial charges | 65/66B | €93,178 | €85,305 | -€7,873 | -8.4% |
| Recurring financial charges | 65 | €93,178 | €85,305 | -€7,873 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €141,413 | €298,964 | +€157,551 | +111.4% |
| Income taxes | 67/77 | €44,801 | €86,042 | +€41,241 | +92.1% |
| Profit (loss) for the period | 9904 | €96,612 | €212,922 | +€116,310 | +120.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,612 | €212,922 | +€116,310 | +120.4% |
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 5 October 2026 via checked.be.