Serve Solutions: 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 Solutions
Largest movements
- Receivables within one year +€39,272
up €39,272 (+118.4%), from €33,165 to €72,437
of which Trade receivables: +€19,733
- Cash -€27,188
down €27,188 (-59.2%), from €45,957 to €18,769
mainly Receivables within one year (-€39,272) and Debts after one year (-€12,480)
- Intangible fixed assets -€8,889
down €8,889 (-12.6%), from €70,538 to €61,648
- Tangible fixed assets -€1,639
down €1,639 (-94.4%), from €1,736 to €98
- Profit (loss) carried forward +€22,588
new in 2025: €22,588
- Debts after one year -€12,480
down €12,480 (-53.8%), from €23,215 to €10,735
- Tax, wage and social debts -€5,927
down €5,927 (-29.4%), from €20,131 to €14,204
- Trade debts -€3,049
down €3,049 (-17.8%), from €17,101 to €14,052
- Gross operating margin -€4,875
down €4,875 (-10.9%), from €44,854 to €39,979
- Taxes -€4,290
down €4,290 (-43.2%), from €9,937 to €5,647
- Financial income +€1,582
up €1,582, from €0 to €1,582
- Write-downs +€886
new in 2025: €886
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 | €151,396 | €152,952 | +€1,556 | +1.0% |
| Fixed assets | 21/28 | €72,274 | €61,746 | -€10,528 | -14.6% |
| Intangible fixed assets | 21 | €70,538 | €61,648 | -€8,889 | -12.6% |
| Tangible fixed assets | 22/27 | €1,736 | €98 | -€1,639 | -94.4% |
| Plant, machinery and equipment | 23 | €1,736 | €98 | -€1,639 | -94.4% |
| Current assets | 29/58 | €79,122 | €91,206 | +€12,084 | +15.3% |
| Amounts receivable within one year | 40/41 | €33,165 | €72,437 | +€39,272 | +118.4% |
| Trade receivables | 40 | €33,165 | €52,898 | +€19,733 | +59.5% |
| Other amounts receivable | 41 | €0 | €19,539 | +€19,539 | |
| Cash at bank and in hand | 54/58 | €45,957 | €18,769 | -€27,188 | -59.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €151,396 | €152,952 | +€1,556 | +1.0% |
| Equity | 10/15 | €78,894 | €101,482 | +€22,588 | +28.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,894 | €73,894 | = | 0.0% |
| Distributable reserves | 133 | €73,894 | €73,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €22,588 | +€22,588 | |
| Amounts payable | 17/49 | €72,502 | €51,471 | -€21,031 | -29.0% |
| Amounts payable after more than one year | 17 | €23,215 | €10,735 | -€12,480 | -53.8% |
| Financial debts | 170/4 | €23,215 | €10,735 | -€12,480 | -53.8% |
| Amounts payable within one year | 42/48 | €49,286 | €40,735 | -€8,551 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €12,055 | €12,480 | +€425 | +3.5% |
| Trade debts | 44 | €17,101 | €14,052 | -€3,049 | -17.8% |
| Suppliers | 440/4 | €17,101 | €14,052 | -€3,049 | -17.8% |
| Taxes, remuneration and social security | 45 | €20,131 | €14,204 | -€5,927 | -29.4% |
| Taxes | 450/3 | €20,131 | €14,204 | -€5,927 | -29.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,351 | €10,528 | +€177 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €886 | +€886 | |
| Other operating charges | 640/8 | €912 | €544 | -€368 | -40.4% |
| Gross operating margin | 9900 | €44,854 | €39,979 | -€4,875 | -10.9% |
| Operating profit (loss) | 9901 | €33,591 | €28,022 | -€5,570 | -16.6% |
| Financial income | 75/76B | €0 | €1,582 | +€1,582 | |
| Recurring financial income | 75 | €0 | €1,582 | +€1,582 | |
| Financial charges | 65/66B | €1,737 | €1,369 | -€369 | -21.2% |
| Recurring financial charges | 65 | €1,737 | €1,369 | -€369 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €31,854 | €28,235 | -€3,619 | -11.4% |
| Income taxes | 67/77 | €9,937 | €5,647 | -€4,290 | -43.2% |
| Profit (loss) for the period | 9904 | €21,917 | €22,588 | +€671 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,917 | €22,588 | +€671 | +3.1% |
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.