SERVHYDRO: 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.
SERVHYDRO
Largest movements
- Receivables within one year +€113,878
up €113,878 (+42.7%), from €266,468 to €380,346
of which Other amounts receivable: +€68,555
- Tangible fixed assets -€18,172
down €18,172 (-20.0%), from €90,844 to €72,673
of which Land and buildings: -€11,891
- Cash -€18,015
down €18,015 (-77.6%), from €23,202 to €5,187
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€113,878)
- Other debts +€92,213
up €92,213 (+108%), from €85,479 to €177,692
- Profit (loss) carried forward +€18,331
up €18,331 (+2.6%), from €707,589 to €725,919
- Gross operating margin +€50,550
up €50,550 (+37.7%), from €134,210 to €184,760
- Taxes -€20,434
down €20,434 (-75.3%), from €27,127 to €6,693
- Other operating charges +€20,029
up €20,029 (+101%), from €19,826 to €39,855
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 | €970,795 | €1,062,158 | +€91,362 | +9.4% |
| Fixed assets | 21/28 | €90,844 | €72,673 | -€18,172 | -20.0% |
| Tangible fixed assets | 22/27 | €90,844 | €72,673 | -€18,172 | -20.0% |
| Land and buildings | 22 | €72,975 | €61,084 | -€11,891 | -16.3% |
| Plant, machinery and equipment | 23 | €17,869 | €11,589 | -€6,280 | -35.1% |
| Current assets | 29/58 | €879,951 | €989,485 | +€109,534 | +12.4% |
| Amounts receivable after more than one year | 29 | €590,281 | €599,992 | +€9,710 | +1.6% |
| Other amounts receivable | 291 | €590,281 | €599,992 | +€9,710 | +1.6% |
| Amounts receivable within one year | 40/41 | €266,468 | €380,346 | +€113,878 | +42.7% |
| Trade receivables | 40 | €8,453 | €53,776 | +€45,323 | +536% |
| Other amounts receivable | 41 | €258,015 | €326,570 | +€68,555 | +26.6% |
| Cash at bank and in hand | 54/58 | €23,202 | €5,187 | -€18,015 | -77.6% |
| Deferred charges and accrued income | 490/1 | - | €3,961 | +€3,961 | |
| Total equity and liabilities | 10/49 | €970,795 | €1,062,158 | +€91,362 | +9.4% |
| Equity | 10/15 | €817,589 | €835,919 | +€18,331 | +2.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €707,589 | €725,919 | +€18,331 | +2.6% |
| Amounts payable | 17/49 | €153,207 | €226,238 | +€73,032 | +47.7% |
| Amounts payable after more than one year | 17 | €8,069 | - | -€8,069 | |
| Financial debts | 170/4 | €8,069 | - | -€8,069 | |
| Amounts payable within one year | 42/48 | €140,825 | €221,926 | +€81,101 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €16,045 | €8,069 | -€7,976 | -49.7% |
| Trade debts | 44 | €7,292 | €14,472 | +€7,179 | +98.5% |
| Suppliers | 440/4 | €7,292 | €14,472 | +€7,179 | +98.5% |
| Taxes, remuneration and social security | 45 | €32,008 | €21,693 | -€10,315 | -32.2% |
| Taxes | 450/3 | €32,008 | €21,693 | -€10,315 | -32.2% |
| Other amounts payable | 47/48 | €85,479 | €177,692 | +€92,213 | +108% |
| Accrued charges and deferred income | 492/3 | €4,312 | €4,312 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,172 | €18,172 | = | 0.0% |
| Other operating charges | 640/8 | €19,826 | €39,855 | +€20,029 | +101% |
| Gross operating margin | 9900 | €134,210 | €184,760 | +€50,550 | +37.7% |
| Operating profit (loss) | 9901 | €96,212 | €126,734 | +€30,521 | +31.7% |
| Financial income | 75/76B | €19,874 | €19,273 | -€602 | -3.0% |
| Recurring financial income | 75 | €19,874 | €19,273 | -€602 | -3.0% |
| Financial charges | 65/66B | €1,083 | €983 | -€100 | -9.2% |
| Recurring financial charges | 65 | €1,083 | €983 | -€100 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €115,004 | €145,024 | +€30,020 | +26.1% |
| Income taxes | 67/77 | €27,127 | €6,693 | -€20,434 | -75.3% |
| Profit (loss) for the period | 9904 | €87,877 | €138,331 | +€50,454 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,877 | €138,331 | +€50,454 | +57.4% |
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.