Servaty Bois: what changed
Servaty Bois
Largest movements
- Tangible fixed assets +€89,153
up €89,153 (+801%), from €11,136 to €100,289
of which Leasing and similar rights: +€92,009
- Receivables within one year -€24,202
down €24,202 (-32.3%), from €74,938 to €50,735
of which Other amounts receivable: -€30,009
- Cash -€1,990
down €1,990 (-49.3%), from €4,033 to €2,043
mainly Investment in fixed assets (net) (-€101,285) and Net result for the year (-€12,262)
- Debts after one year +€75,427
up €75,427, from €0 to €75,427
- Reserves -€12,262
down €12,262 (-22.6%), from €54,197 to €41,935
- Other debts -€11,765
no longer reported in 2025 (was €11,765)
- Current portion of long-term debt +€7,720
up €7,720 (+71.0%), from €10,876 to €18,596
- Short-term financial debts +€4,144
up €4,144, from €0 to €4,144
- Gross operating margin -€27,076
down €27,076 (-93.3%), from €29,017 to €1,941
- Taxes -€5,168
down €5,168 (-99.4%), from €5,199 to €31
- Depreciation +€5,055
up €5,055 (+71.4%), from €7,077 to €12,132
- Financial income -€1,413
down €1,413 (-35.7%), from €3,959 to €2,546
- Financial charges +€1,401
up €1,401 (+92.6%), from €1,514 to €2,915
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,631 | €159,026 | +€63,395 | +66.3% |
| Fixed assets | 21/28 | €11,136 | €100,289 | +€89,153 | +801% |
| Tangible fixed assets | 22/27 | €11,136 | €100,289 | +€89,153 | +801% |
| Plant, machinery and equipment | 23 | €682 | €496 | -€186 | -27.3% |
| Furniture and vehicles | 24 | €2,040 | €1,148 | -€892 | -43.7% |
| Leasing and similar rights | 25 | €927 | €92,936 | +€92,009 | +9,922% |
| Other tangible fixed assets | 26 | €7,487 | €5,709 | -€1,778 | -23.8% |
| Current assets | 29/58 | €84,495 | €58,737 | -€25,758 | -30.5% |
| Stocks and contracts in progress | 3 | €3,691 | €3,691 | = | 0.0% |
| Stocks | 30/36 | €3,691 | €3,691 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,938 | €50,735 | -€24,202 | -32.3% |
| Trade receivables | 40 | €12,958 | €18,765 | +€5,807 | +44.8% |
| Other amounts receivable | 41 | €61,980 | €31,970 | -€30,009 | -48.4% |
| Cash at bank and in hand | 54/58 | €4,033 | €2,043 | -€1,990 | -49.3% |
| Deferred charges and accrued income | 490/1 | €1,834 | €2,268 | +€434 | +23.7% |
| Total equity and liabilities | 10/49 | €95,631 | €159,026 | +€63,395 | +66.3% |
| Equity | 10/15 | €56,197 | €43,935 | -€12,262 | -21.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,197 | €41,935 | -€12,262 | -22.6% |
| Distributable reserves | 133 | €54,197 | €41,935 | -€12,262 | -22.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €39,434 | €115,090 | +€75,656 | +192% |
| Amounts payable after more than one year | 17 | €0 | €75,427 | +€75,427 | |
| Financial debts | 170/4 | €0 | €75,427 | +€75,427 | |
| Amounts payable within one year | 42/48 | €38,886 | €39,664 | +€778 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,876 | €18,596 | +€7,720 | +71.0% |
| Financial debts | 43 | €0 | €4,144 | +€4,144 | |
| Credit institutions | 430/8 | €0 | €4,144 | +€4,144 | |
| Trade debts | 44 | €8,213 | €10,961 | +€2,749 | +33.5% |
| Suppliers | 440/4 | €8,213 | €10,961 | +€2,749 | +33.5% |
| Taxes, remuneration and social security | 45 | €8,032 | €5,962 | -€2,071 | -25.8% |
| Taxes | 450/3 | €8,032 | €5,962 | -€2,071 | -25.8% |
| Other amounts payable | 47/48 | €11,765 | - | -€11,765 | |
| Accrued charges and deferred income | 492/3 | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,077 | €12,132 | +€5,055 | +71.4% |
| Other operating charges | 640/8 | €1,366 | €1,670 | +€305 | +22.3% |
| Gross operating margin | 9900 | €29,017 | €1,941 | -€27,076 | -93.3% |
| Operating profit (loss) | 9901 | €20,575 | -€11,861 | -€32,436 | |
| Financial income | 75/76B | €3,959 | €2,546 | -€1,413 | -35.7% |
| Recurring financial income | 75 | €3,959 | €2,546 | -€1,413 | -35.7% |
| Financial charges | 65/66B | €1,514 | €2,915 | +€1,401 | +92.6% |
| Recurring financial charges | 65 | €1,514 | €2,915 | +€1,401 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | €23,020 | -€12,230 | -€35,250 | |
| Income taxes | 67/77 | €5,199 | €31 | -€5,168 | -99.4% |
| Profit (loss) for the period | 9904 | €17,820 | -€12,262 | -€30,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,820 | -€12,262 | -€30,082 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.