SERVECOM: 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.
SERVECOM
Largest movements
- Receivables within one year -€20,052
down €20,052 (-58.6%), from €34,234 to €14,182
of which Trade receivables: -€17,894
- Tangible fixed assets -€9,916
down €9,916 (-4.1%), from €240,704 to €230,788
of which Land and buildings: -€6,420
- Debts after one year -€11,483
down €11,483 (-6.1%), from €187,041 to €175,558
- Other debts -€8,998
down €8,998 (-43.2%), from €20,846 to €11,848
- Trade debts -€5,484
down €5,484 (-25.9%), from €21,156 to €15,672
- Tax, wage and social debts -€3,693
down €3,693 (-23.5%), from €15,728 to €12,034
of which Remuneration and social security: -€3,771
- Gross operating margin -€11,021
down €11,021 (-22.6%), from €48,800 to €37,779
- Taxes -€5,034
down €5,034 (-43.5%), from €11,575 to €6,541
- Financial charges +€2,613
up €2,613 (+56.4%), from €4,636 to €7,249
- Other operating charges +€1,620
up €1,620 (+128.2%), from €1,264 to €2,884
- Financial income -€815
down €815 (-55.3%), from €1,473 to €658
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 | €307,454 | €276,453 | -€31,001 | -10.1% |
| Fixed assets | 21/28 | €240,704 | €230,788 | -€9,916 | -4.1% |
| Tangible fixed assets | 22/27 | €240,704 | €230,788 | -€9,916 | -4.1% |
| Land and buildings | 22 | €232,989 | €226,569 | -€6,420 | -2.8% |
| Furniture and vehicles | 24 | €4,312 | €2,366 | -€1,946 | -45.1% |
| Other tangible fixed assets | 26 | €3,403 | €1,854 | -€1,549 | -45.5% |
| Current assets | 29/58 | €66,750 | €45,665 | -€21,085 | -31.6% |
| Amounts receivable within one year | 40/41 | €34,234 | €14,182 | -€20,052 | -58.6% |
| Trade receivables | 40 | €19,965 | €2,071 | -€17,894 | -89.6% |
| Other amounts receivable | 41 | €14,269 | €12,111 | -€2,158 | -15.1% |
| Cash at bank and in hand | 54/58 | €29,733 | €28,975 | -€758 | -2.5% |
| Deferred charges and accrued income | 490/1 | €2,783 | €2,508 | -€275 | -9.9% |
| Total equity and liabilities | 10/49 | €307,454 | €276,453 | -€31,001 | -10.1% |
| Equity | 10/15 | €46,676 | €46,676 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,076 | €28,076 | = | 0.0% |
| Distributable reserves | 133 | €28,076 | €28,076 | = | 0.0% |
| Amounts payable | 17/49 | €260,778 | €229,777 | -€31,001 | -11.9% |
| Amounts payable after more than one year | 17 | €187,041 | €175,558 | -€11,483 | -6.1% |
| Financial debts | 170/4 | €187,041 | €175,558 | -€11,483 | -6.1% |
| Amounts payable within one year | 42/48 | €73,137 | €53,320 | -€19,817 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €15,408 | €13,766 | -€1,642 | -10.7% |
| Trade debts | 44 | €21,156 | €15,672 | -€5,484 | -25.9% |
| Suppliers | 440/4 | €21,156 | €15,672 | -€5,484 | -25.9% |
| Taxes, remuneration and social security | 45 | €15,728 | €12,034 | -€3,693 | -23.5% |
| Taxes | 450/3 | €11,956 | €12,034 | +€78 | +0.7% |
| Remuneration and social security | 454/9 | €3,771 | - | -€3,771 | |
| Other amounts payable | 47/48 | €20,846 | €11,848 | -€8,998 | -43.2% |
| Accrued charges and deferred income | 492/3 | €600 | €900 | +€300 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,649 | €9,916 | +€267 | +2.8% |
| Other operating charges | 640/8 | €1,264 | €2,884 | +€1,620 | +128.2% |
| Gross operating margin | 9900 | €48,800 | €37,779 | -€11,021 | -22.6% |
| Operating profit (loss) | 9901 | €37,888 | €24,979 | -€12,908 | -34.1% |
| Financial income | 75/76B | €1,473 | €658 | -€815 | -55.3% |
| Recurring financial income | 75 | €1,473 | €658 | -€815 | -55.3% |
| Financial charges | 65/66B | €4,636 | €7,249 | +€2,613 | +56.4% |
| Recurring financial charges | 65 | €4,636 | €7,249 | +€2,613 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €34,725 | €18,389 | -€16,336 | -47.0% |
| Income taxes | 67/77 | €11,575 | €6,541 | -€5,034 | -43.5% |
| Profit (loss) for the period | 9904 | €23,150 | €11,848 | -€11,302 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,150 | €11,848 | -€11,302 | -48.8% |
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 6 October 2026 via checked.be.