Servé: 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.
Servé
Largest movements
- Cash -€45,114
down €45,114 (-56.0%), from €80,547 to €35,433
mainly Investment in fixed assets (net) (-€25,566) and Short-term financial debts (-€20,000)
- Tangible fixed assets +€18,688
up €18,688 (+61.3%), from €30,506 to €49,195
of which Other tangible fixed assets: +€13,608
- Receivables within one year +€17,752
up €17,752 (+454%), from €3,908 to €21,660
of which Other amounts receivable: +€15,002
- Stocks and contracts +€2,193
up €2,193 (+29.0%), from €7,569 to €9,761
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Reserves +€9,402
up €9,402 (+21.5%), from €43,772 to €53,174
- Debts after one year +€9,126
new in 2025: €9,126
- Tax, wage and social debts -€9,038
down €9,038 (-50.7%), from €17,830 to €8,792
of which Remuneration and social security: -€5,075
- Other debts +€8,211
up €8,211 (+25.4%), from €32,335 to €40,546
- Gross operating margin -€39,403
down €39,403 (-24.6%), from €160,201 to €120,798
- Taxes -€12,669
down €12,669 (-70.6%), from €17,952 to €5,283
- Depreciation +€3,285
up €3,285 (+91.4%), from €3,593 to €6,878
- Financial charges +€2,319
up €2,319 (+129%), from €1,802 to €4,120
- Other operating charges +€1,603
up €1,603 (+51.2%), from €3,129 to €4,732
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 | €122,731 | €116,694 | -€6,037 | -4.9% |
| Fixed assets | 21/28 | €30,506 | €49,195 | +€18,688 | +61.3% |
| Tangible fixed assets | 22/27 | €30,506 | €49,195 | +€18,688 | +61.3% |
| Plant, machinery and equipment | 23 | €7,597 | €12,677 | +€5,080 | +66.9% |
| Other tangible fixed assets | 26 | €22,910 | €36,518 | +€13,608 | +59.4% |
| Current assets | 29/58 | €92,225 | €67,500 | -€24,725 | -26.8% |
| Stocks and contracts in progress | 3 | €7,569 | €9,761 | +€2,193 | +29.0% |
| Stocks | 30/36 | €7,569 | €9,761 | +€2,193 | +29.0% |
| Amounts receivable within one year | 40/41 | €3,908 | €21,660 | +€17,752 | +454% |
| Trade receivables | 40 | - | €2,750 | +€2,750 | |
| Other amounts receivable | 41 | €3,908 | €18,910 | +€15,002 | +384% |
| Cash at bank and in hand | 54/58 | €80,547 | €35,433 | -€45,114 | -56.0% |
| Deferred charges and accrued income | 490/1 | €201 | €646 | +€444 | +221% |
| Total equity and liabilities | 10/49 | €122,731 | €116,694 | -€6,037 | -4.9% |
| Equity | 10/15 | €44,772 | €54,174 | +€9,402 | +21.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,772 | €53,174 | +€9,402 | +21.5% |
| Distributable reserves | 133 | €43,772 | €53,174 | +€9,402 | +21.5% |
| Amounts payable | 17/49 | €77,959 | €62,520 | -€15,439 | -19.8% |
| Amounts payable after more than one year | 17 | - | €9,126 | +€9,126 | |
| Financial debts | 170/4 | - | €9,126 | +€9,126 | |
| Amounts payable within one year | 42/48 | €77,959 | €53,395 | -€24,565 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,537 | +€2,537 | |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €7,794 | €1,519 | -€6,275 | -80.5% |
| Suppliers | 440/4 | €7,794 | €1,519 | -€6,275 | -80.5% |
| Taxes, remuneration and social security | 45 | €17,830 | €8,792 | -€9,038 | -50.7% |
| Taxes | 450/3 | €9,666 | €5,702 | -€3,963 | -41.0% |
| Remuneration and social security | 454/9 | €8,164 | €3,090 | -€5,075 | -62.2% |
| Other amounts payable | 47/48 | €32,335 | €40,546 | +€8,211 | +25.4% |
| Remuneration, social security and pensions | 62 | €90,075 | €90,394 | +€319 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,593 | €6,878 | +€3,285 | +91.4% |
| Other operating charges | 640/8 | €3,129 | €4,732 | +€1,603 | +51.2% |
| Gross operating margin | 9900 | €160,201 | €120,798 | -€39,403 | -24.6% |
| Operating profit (loss) | 9901 | €63,404 | €18,794 | -€44,610 | -70.4% |
| Financial income | 75/76B | €122 | €12 | -€110 | -90.1% |
| Recurring financial income | 75 | €122 | €12 | -€110 | -90.1% |
| Financial charges | 65/66B | €1,802 | €4,120 | +€2,319 | +129% |
| Recurring financial charges | 65 | €1,802 | €4,120 | +€2,319 | +129% |
| Profit (loss) for the period before taxes | 9903 | €61,724 | €14,686 | -€47,038 | -76.2% |
| Income taxes | 67/77 | €17,952 | €5,283 | -€12,669 | -70.6% |
| Profit (loss) for the period | 9904 | €43,772 | €9,402 | -€34,369 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,772 | €9,402 | -€34,369 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.