SERVE COMMUNICATION: 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.
SERVE COMMUNICATION
Largest movements
- Tangible fixed assets +€36,932
up €36,932 (+219.5%), from €16,829 to €53,760
of which Furniture and vehicles: +€39,417
- Current investments +€33,000
up €33,000 (+110.0%), from €30,000 to €63,000
- Receivables within one year -€4,615
down €4,615 (-19.0%), from €24,300 to €19,685
of which Trade receivables: -€12,959
- Cash +€4,446
up €4,446 (+54.3%), from €8,181 to €12,626
mainly Net result for the year (+€43,014) and Debts after one year (+€20,958)
- Reserves +€43,000
up €43,000 (+2311.8%), from €1,860 to €44,860
of which Distributable reserves: +€43,000
- Debts after one year +€20,958
new in 2025: €20,958
- Current portion of long-term debt +€7,335
new in 2025: €7,335
- Tax, wage and social debts -€2,113
down €2,113 (-27.6%), from €7,669 to €5,555
- Gross operating margin -€3,602
down €3,602 (-5.1%), from €70,658 to €67,056
- Depreciation +€2,387
up €2,387 (+69.8%), from €3,421 to €5,807
- Other operating charges -€2,073
no longer reported in 2025 (was €2,073)
- Taxes -€1,471
down €1,471 (-7.9%), from €18,513 to €17,042
- Financial charges +€938
up €938 (+367.7%), from €255 to €1,193
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 | €79,780 | €150,122 | +€70,342 | +88.2% |
| Fixed assets | 21/28 | €16,829 | €53,858 | +€37,030 | +220.0% |
| Tangible fixed assets | 22/27 | €16,829 | €53,760 | +€36,932 | +219.5% |
| Furniture and vehicles | 24 | €1,914 | €41,331 | +€39,417 | +2059.3% |
| Other tangible fixed assets | 26 | €14,915 | €12,429 | -€2,486 | -16.7% |
| Financial fixed assets | 28 | - | €98 | +€98 | |
| Current assets | 29/58 | €62,952 | €96,264 | +€33,313 | +52.9% |
| Amounts receivable within one year | 40/41 | €24,300 | €19,685 | -€4,615 | -19.0% |
| Trade receivables | 40 | €15,935 | €2,976 | -€12,959 | -81.3% |
| Other amounts receivable | 41 | €8,365 | €16,709 | +€8,344 | +99.7% |
| Current investments | 50/53 | €30,000 | €63,000 | +€33,000 | +110.0% |
| Cash at bank and in hand | 54/58 | €8,181 | €12,626 | +€4,446 | +54.3% |
| Deferred charges and accrued income | 490/1 | €471 | €953 | +€482 | +102.3% |
| Total equity and liabilities | 10/49 | €79,780 | €150,122 | +€70,342 | +88.2% |
| Equity | 10/15 | €71,659 | €114,672 | +€43,014 | +60.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €44,860 | +€43,000 | +2311.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €43,000 | +€43,000 | |
| Profit (loss) carried forward | 14 | €51,207 | €51,220 | +€14 | 0.0% |
| Amounts payable | 17/49 | €8,122 | €35,450 | +€27,329 | +336.5% |
| Amounts payable after more than one year | 17 | - | €20,958 | +€20,958 | |
| Financial debts | 170/4 | - | €20,958 | +€20,958 | |
| Amounts payable within one year | 42/48 | €8,122 | €14,492 | +€6,371 | +78.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,335 | +€7,335 | |
| Trade debts | 44 | €453 | €1,602 | +€1,149 | +253.6% |
| Suppliers | 440/4 | €453 | €1,602 | +€1,149 | +253.6% |
| Taxes, remuneration and social security | 45 | €7,669 | €5,555 | -€2,113 | -27.6% |
| Taxes | 450/3 | €7,669 | €5,555 | -€2,113 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €5,807 | +€2,387 | +69.8% |
| Other operating charges | 640/8 | €2,073 | - | -€2,073 | |
| Gross operating margin | 9900 | €70,658 | €67,056 | -€3,602 | -5.1% |
| Operating profit (loss) | 9901 | €65,164 | €61,248 | -€3,915 | -6.0% |
| Financial income | 75/76B | €0 | €1 | +€0 | +409.1% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +409.1% |
| Financial charges | 65/66B | €255 | €1,193 | +€938 | +367.7% |
| Recurring financial charges | 65 | €255 | €1,193 | +€938 | +367.7% |
| Profit (loss) for the period before taxes | 9903 | €64,909 | €60,056 | -€4,853 | -7.5% |
| Income taxes | 67/77 | €18,513 | €17,042 | -€1,471 | -7.9% |
| Profit (loss) for the period | 9904 | €46,395 | €43,014 | -€3,382 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,395 | €43,014 | -€3,382 | -7.3% |
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 4 October 2026 via checked.be.