SERVE-PRO: 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.
SERVE-PRO
Largest movements
- Receivables within one year +€87,126
up €87,126 (+51.0%), from €170,727 to €257,853
of which Other amounts receivable: +€64,530
- Current investments -€44,720
down €44,720 (-96.2%), from €46,484 to €1,764
- Cash -€25,321
down €25,321 (-20.5%), from €123,454 to €98,133
mainly Receivables within one year (-€87,126) and Debts after one year (-€21,732)
- Tangible fixed assets -€6,635
down €6,635 (-2.9%), from €230,270 to €223,635
of which Land and buildings: -€7,781
- Trade debts +€21,758
up €21,758 (+12.5%), from €174,327 to €196,086
- Debts after one year -€21,732
down €21,732 (-16.2%), from €133,827 to €112,096
- Profit (loss) carried forward +€7,075
up €7,075 (+27.5%), from -€25,729 to -€18,654
- Gross operating margin -€42,525
down €42,525 (-22.5%), from €189,051 to €146,527
- Taxes -€5,894
down €5,894 (-44.6%), from €13,215 to €7,322
- Financial charges -€5,149
down €5,149 (-27.3%), from €18,866 to €13,717
- Depreciation +€4,645
up €4,645 (+32.7%), from €14,189 to €18,833
- Staff costs -€2,844
down €2,844 (-2.9%), from €97,764 to €94,920
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 | €575,446 | €586,523 | +€11,076 | +1.9% |
| Fixed assets | 21/28 | €230,516 | €223,881 | -€6,635 | -2.9% |
| Tangible fixed assets | 22/27 | €230,270 | €223,635 | -€6,635 | -2.9% |
| Land and buildings | 22 | €197,784 | €190,003 | -€7,781 | -3.9% |
| Plant, machinery and equipment | 23 | €1,187 | €674 | -€512 | -43.2% |
| Furniture and vehicles | 24 | €31,299 | €32,957 | +€1,658 | +5.3% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €344,930 | €362,641 | +€17,712 | +5.1% |
| Stocks and contracts in progress | 3 | €1,659 | €2,291 | +€632 | +38.1% |
| Stocks | 30/36 | €1,659 | €2,291 | +€632 | +38.1% |
| Amounts receivable within one year | 40/41 | €170,727 | €257,853 | +€87,126 | +51.0% |
| Trade receivables | 40 | €160,258 | €182,853 | +€22,596 | +14.1% |
| Other amounts receivable | 41 | €10,470 | €75,000 | +€64,530 | +616.4% |
| Current investments | 50/53 | €46,484 | €1,764 | -€44,720 | -96.2% |
| Cash at bank and in hand | 54/58 | €123,454 | €98,133 | -€25,321 | -20.5% |
| Deferred charges and accrued income | 490/1 | €2,606 | €2,600 | -€5 | -0.2% |
| Total equity and liabilities | 10/49 | €575,446 | €586,523 | +€11,076 | +1.9% |
| Equity | 10/15 | -€17,669 | -€10,594 | +€7,075 | +40.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,729 | -€18,654 | +€7,075 | +27.5% |
| Amounts payable | 17/49 | €593,115 | €597,117 | +€4,001 | +0.7% |
| Amounts payable after more than one year | 17 | €133,827 | €112,096 | -€21,732 | -16.2% |
| Financial debts | 170/4 | €133,827 | €112,096 | -€21,732 | -16.2% |
| Amounts payable within one year | 42/48 | €459,288 | €485,021 | +€25,733 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €23,664 | €23,038 | -€627 | -2.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €174,327 | €196,086 | +€21,758 | +12.5% |
| Suppliers | 440/4 | €174,327 | €196,086 | +€21,758 | +12.5% |
| Advances received on contracts in progress | 46 | €748 | €748 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,721 | €26,322 | +€4,602 | +21.2% |
| Taxes | 450/3 | €10,376 | €12,572 | +€2,195 | +21.2% |
| Remuneration and social security | 454/9 | €11,345 | €13,751 | +€2,406 | +21.2% |
| Other amounts payable | 47/48 | €38,828 | €38,828 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €97,764 | €94,920 | -€2,844 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,189 | €18,833 | +€4,645 | +32.7% |
| Other operating charges | 640/8 | €3,034 | €5,313 | +€2,279 | +75.1% |
| Gross operating margin | 9900 | €189,051 | €146,527 | -€42,525 | -22.5% |
| Operating profit (loss) | 9901 | €74,064 | €27,460 | -€46,604 | -62.9% |
| Financial income | 75/76B | €1,017 | €653 | -€363 | -35.7% |
| Recurring financial income | 75 | €1,017 | €653 | -€363 | -35.7% |
| Financial charges | 65/66B | €18,866 | €13,717 | -€5,149 | -27.3% |
| Recurring financial charges | 65 | €18,866 | €13,717 | -€5,149 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €56,214 | €14,396 | -€41,818 | -74.4% |
| Income taxes | 67/77 | €13,215 | €7,322 | -€5,894 | -44.6% |
| Profit (loss) for the period | 9904 | €42,999 | €7,075 | -€35,924 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,999 | €7,075 | -€35,924 | -83.5% |
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 11 October 2026 via checked.be.