SERVERON: 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.
SERVERON
Largest movements
- Current investments +€92,503
up €92,503 (+14.5%), from €638,813 to €731,316
- Cash +€56,900
up €56,900 (+89.1%), from €63,851 to €120,751
mainly Net result for the year (+€185,593) and Depreciation (+€18,182)
- Tangible fixed assets -€15,169
down €15,169 (-20.0%), from €75,874 to €60,706
of which Furniture and vehicles: -€14,973
- Reserves +€185,593
up €185,593 (+33.1%), from €561,193 to €746,785
of which Distributable reserves: +€185,593
- Other debts -€72,398
down €72,398 (-96.8%), from €74,758 to €2,360
- Tax, wage and social debts +€18,014
up €18,014 (+44.7%), from €40,320 to €58,334
- Financial income +€39,673
up €39,673 (+75.0%), from €52,889 to €92,562
- Depreciation +€13,715
up €13,715 (+307.0%), from €4,467 to €18,182
- Other operating charges -€11,921
down €11,921 (-83.0%), from €14,357 to €2,436
- Taxes +€9,634
up €9,634 (+13.3%), from €72,466 to €82,100
- Gross operating margin -€5,879
down €5,879 (-2.9%), from €201,750 to €195,870
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 | €796,136 | €926,142 | +€130,006 | +16.3% |
| Fixed assets | 21/28 | €75,874 | €60,706 | -€15,169 | -20.0% |
| Tangible fixed assets | 22/27 | €75,874 | €60,706 | -€15,169 | -20.0% |
| Furniture and vehicles | 24 | €57,280 | €42,307 | -€14,973 | -26.1% |
| Other tangible fixed assets | 26 | €18,594 | €18,399 | -€195 | -1.1% |
| Current assets | 29/58 | €720,262 | €865,436 | +€145,175 | +20.2% |
| Amounts receivable within one year | 40/41 | €5,150 | €3,953 | -€1,196 | -23.2% |
| Trade receivables | 40 | €5,150 | €3,953 | -€1,196 | -23.2% |
| Current investments | 50/53 | €638,813 | €731,316 | +€92,503 | +14.5% |
| Cash at bank and in hand | 54/58 | €63,851 | €120,751 | +€56,900 | +89.1% |
| Deferred charges and accrued income | 490/1 | €12,448 | €9,416 | -€3,032 | -24.4% |
| Total equity and liabilities | 10/49 | €796,136 | €926,142 | +€130,006 | +16.3% |
| Equity | 10/15 | €675,671 | €861,264 | +€185,593 | +27.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €561,193 | €746,785 | +€185,593 | +33.1% |
| Tax-exempt reserves | 132 | €2,979 | €2,979 | = | 0.0% |
| Distributable reserves | 133 | €558,213 | €743,806 | +€185,593 | +33.2% |
| Profit (loss) carried forward | 14 | €94,019 | €94,019 | = | 0.0% |
| Amounts payable | 17/49 | €120,464 | €64,878 | -€55,587 | -46.1% |
| Amounts payable within one year | 42/48 | €120,464 | €64,841 | -€55,624 | -46.2% |
| Trade debts | 44 | €5,386 | €4,147 | -€1,239 | -23.0% |
| Suppliers | 440/4 | €5,386 | €4,147 | -€1,239 | -23.0% |
| Taxes, remuneration and social security | 45 | €40,320 | €58,334 | +€18,014 | +44.7% |
| Taxes | 450/3 | €40,320 | €58,334 | +€18,014 | +44.7% |
| Other amounts payable | 47/48 | €74,758 | €2,360 | -€72,398 | -96.8% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,467 | €18,182 | +€13,715 | +307.0% |
| Other operating charges | 640/8 | €14,357 | €2,436 | -€11,921 | -83.0% |
| Gross operating margin | 9900 | €201,750 | €195,870 | -€5,879 | -2.9% |
| Operating profit (loss) | 9901 | €182,925 | €175,252 | -€7,673 | -4.2% |
| Financial income | 75/76B | €52,889 | €92,562 | +€39,673 | +75.0% |
| Recurring financial income | 75 | €52,889 | €92,562 | +€39,673 | +75.0% |
| Financial charges | 65/66B | €122 | €121 | -€0 | -0.3% |
| Recurring financial charges | 65 | €122 | €121 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €235,692 | €267,692 | +€32,001 | +13.6% |
| Income taxes | 67/77 | €72,466 | €82,100 | +€9,634 | +13.3% |
| Profit (loss) for the period | 9904 | €163,226 | €185,593 | +€22,367 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €163,226 | €185,593 | +€22,367 | +13.7% |
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 7 October 2026 via checked.be.