SERVET: 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.
SERVET
Largest movements
- Cash +€7,065
up €7,065 (+13.2%), from €53,469 to €60,534
mainly Net result for the year (+€8,108) and Stocks and contracts (+€1,999)
- Reserves +€7,500
up €7,500 (+5.2%), from €143,247 to €150,747
of which Distributable reserves: +€7,500
- Gross operating margin -€9,509
down €9,509 (-41.4%), from €22,972 to €13,464
- Taxes -€2,482
down €2,482 (-38.0%), from €6,540 to €4,058
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.
Derived cash bridge
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 | €315,008 | €323,540 | +€8,531 | +2.7% |
| Fixed assets | 21/28 | €40 | €40 | = | 0.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €314,969 | €323,500 | +€8,531 | +2.7% |
| Stocks and contracts in progress | 3 | €9,804 | €7,805 | -€1,999 | -20.4% |
| Stocks | 30/36 | €9,804 | €7,805 | -€1,999 | -20.4% |
| Amounts receivable within one year | 40/41 | €7,685 | €10,878 | +€3,193 | +41.5% |
| Trade receivables | 40 | €608 | €1,476 | +€868 | +143% |
| Other amounts receivable | 41 | €7,077 | €9,402 | +€2,325 | +32.8% |
| Current investments | 50/53 | €244,010 | €244,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,469 | €60,534 | +€7,065 | +13.2% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €315,008 | €323,540 | +€8,531 | +2.7% |
| Equity | 10/15 | €303,277 | €311,385 | +€8,108 | +2.7% |
| Contributions | 10/11 | €158,466 | €158,466 | = | 0.0% |
| Reserves | 13 | €143,247 | €150,747 | +€7,500 | +5.2% |
| Non-distributable reserves | 130/1 | €19,847 | €19,847 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,847 | €19,847 | = | 0.0% |
| Distributable reserves | 133 | €123,400 | €130,900 | +€7,500 | +6.1% |
| Profit (loss) carried forward | 14 | €1,564 | €2,173 | +€608 | +38.9% |
| Amounts payable | 17/49 | €11,731 | €12,155 | +€423 | +3.6% |
| Amounts payable within one year | 42/48 | €11,731 | €12,155 | +€423 | +3.6% |
| Trade debts | 44 | €1,448 | €94 | -€1,354 | -93.5% |
| Suppliers | 440/4 | €1,448 | €94 | -€1,354 | -93.5% |
| Taxes, remuneration and social security | 45 | €5,938 | €6,113 | +€174 | +2.9% |
| Taxes | 450/3 | €5,938 | €6,113 | +€174 | +2.9% |
| Other amounts payable | 47/48 | €4,345 | €5,947 | +€1,603 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114 | - | -€114 | |
| Other operating charges | 640/8 | €1,343 | €1,273 | -€69 | -5.2% |
| Non-recurring operating charges | 66A | €321 | - | -€321 | |
| Gross operating margin | 9900 | €22,972 | €13,464 | -€9,509 | -41.4% |
| Operating profit (loss) | 9901 | €21,195 | €12,190 | -€9,005 | -42.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €44 | €24 | -€20 | -45.4% |
| Recurring financial charges | 65 | €44 | €24 | -€20 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €21,151 | €12,166 | -€8,985 | -42.5% |
| Income taxes | 67/77 | €6,540 | €4,058 | -€2,482 | -38.0% |
| Profit (loss) for the period | 9904 | €14,611 | €8,108 | -€6,503 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,611 | €8,108 | -€6,503 | -44.5% |
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 24 October 2026 via checked.be.