SERVE2GROW: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
SERVE2GROW
Largest movements
- Current investments +€298,810
new in 2024: €298,810
- Cash -€226,366
down €226,366 (-41.6%), from €544,486 to €318,120
mainly Current investments (-€298,810) and Other debts (-€11,261)
- Receivables within one year -€12,323
down €12,323 (-32.6%), from €37,847 to €25,523
of which Trade receivables: -€20,411
- Reserves +€75,327
up €75,327 (+16.8%), from €448,862 to €524,189
- Other debts -€11,261
down €11,261 (-15.3%), from €73,468 to €62,207
- Trade debts -€8,155
down €8,155 (-81.0%), from €10,065 to €1,909
- Gross operating margin +€27,506
up €27,506 (+40.0%), from €68,683 to €96,189
- Financial income +€9,839
up €9,839 (+285%), from €3,449 to €13,288
- Taxes +€7,850
up €7,850 (+38.2%), from €20,559 to €28,409
- Financial charges +€2,971
up €2,971 (+2,866%), from €104 to €3,075
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,450 | €653,524 | +€58,074 | +9.8% |
| Fixed assets | 21/28 | €3,086 | €1,728 | -€1,358 | -44.0% |
| Tangible fixed assets | 22/27 | €3,086 | €1,728 | -€1,358 | -44.0% |
| Furniture and vehicles | 24 | €3,086 | €1,728 | -€1,358 | -44.0% |
| Current assets | 29/58 | €592,364 | €651,796 | +€59,432 | +10.0% |
| Amounts receivable within one year | 40/41 | €37,847 | €25,523 | -€12,323 | -32.6% |
| Trade receivables | 40 | €20,691 | €280 | -€20,411 | -98.6% |
| Other amounts receivable | 41 | €17,156 | €25,243 | +€8,087 | +47.1% |
| Current investments | 50/53 | - | €298,810 | +€298,810 | |
| Cash at bank and in hand | 54/58 | €544,486 | €318,120 | -€226,366 | -41.6% |
| Deferred charges and accrued income | 490/1 | €10,031 | €9,343 | -€689 | -6.9% |
| Total equity and liabilities | 10/49 | €595,450 | €653,524 | +€58,074 | +9.8% |
| Equity | 10/15 | €466,220 | €541,547 | +€75,327 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €448,862 | €524,189 | +€75,327 | +16.8% |
| Distributable reserves | 133 | €448,862 | €524,189 | +€75,327 | +16.8% |
| Profit (loss) carried forward | 14 | €11,158 | €11,158 | = | 0.0% |
| Amounts payable | 17/49 | €129,230 | €111,976 | -€17,253 | -13.4% |
| Amounts payable within one year | 42/48 | €124,237 | €105,733 | -€18,503 | -14.9% |
| Trade debts | 44 | €10,065 | €1,909 | -€8,155 | -81.0% |
| Suppliers | 440/4 | €10,065 | €1,909 | -€8,155 | -81.0% |
| Taxes, remuneration and social security | 45 | €40,704 | €41,617 | +€913 | +2.2% |
| Taxes | 450/3 | €25,129 | €29,688 | +€4,559 | +18.1% |
| Remuneration and social security | 454/9 | €15,575 | €11,929 | -€3,646 | -23.4% |
| Other amounts payable | 47/48 | €73,468 | €62,207 | -€11,261 | -15.3% |
| Accrued charges and deferred income | 492/3 | €4,993 | €6,243 | +€1,250 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,358 | +€381 | +38.9% |
| Other operating charges | 640/8 | €897 | €1,308 | +€411 | +45.9% |
| Gross operating margin | 9900 | €68,683 | €96,189 | +€27,506 | +40.0% |
| Operating profit (loss) | 9901 | €66,809 | €93,523 | +€26,714 | +40.0% |
| Financial income | 75/76B | €3,449 | €13,288 | +€9,839 | +285% |
| Recurring financial income | 75 | €3,449 | €13,288 | +€9,839 | +285% |
| Financial charges | 65/66B | €104 | €3,075 | +€2,971 | +2,866% |
| Recurring financial charges | 65 | €104 | €3,075 | +€2,971 | +2,866% |
| Profit (loss) for the period before taxes | 9903 | €70,154 | €103,736 | +€33,582 | +47.9% |
| Income taxes | 67/77 | €20,559 | €28,409 | +€7,850 | +38.2% |
| Profit (loss) for the period | 9904 | €49,596 | €75,327 | +€25,732 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,596 | €75,327 | +€25,732 | +51.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.