SERVI-PIECES: 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.
SERVI-PIECES
Largest movements
- Cash +€125,538
new in 2025: €125,538
mainly Current investments (+€112,928) and Receivables within one year (+€107,435)
- Current investments -€112,928
no longer reported in 2025 (was €112,928)
- Receivables within one year -€107,435
down €107,435 (-57.2%), from €187,769 to €80,335
of which Trade receivables: -€103,578
- Tangible fixed assets +€78,651
up €78,651 (+126.8%), from €62,050 to €140,701
of which Furniture and vehicles: +€78,919
- Stocks and contracts +€13,287
up €13,287 (+17.9%), from €74,182 to €87,469
- Other debts +€30,923
up €30,923 (+301.4%), from €10,260 to €41,183
- Reserves -€22,751
down €22,751 (-12.6%), from €180,196 to €157,445
of which Distributable reserves: -€22,751
- Trade debts -€14,704
down €14,704 (-40.9%), from €35,949 to €21,245
- Tax, wage and social debts -€7,860
down €7,860 (-26.2%), from €30,010 to €22,150
of which Remuneration and social security: -€9,486
- Debts after one year +€6,231
up €6,231 (+9.2%), from €67,764 to €73,995
- Staff costs -€14,447
down €14,447 (-6.9%), from €210,008 to €195,561
- Depreciation +€9,973
up €9,973 (+41.6%), from €24,000 to €33,973
- Gross operating margin +€6,788
up €6,788 (+2.6%), from €262,134 to €268,921
- Financial income +€3,794
up €3,794 (+336.3%), from €1,128 to €4,923
- Financial charges +€3,200
up €3,200 (+165.0%), from €1,940 to €5,139
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 | €455,136 | €451,681 | -€3,454 | -0.8% |
| Fixed assets | 21/28 | €62,100 | €140,751 | +€78,651 | +126.7% |
| Tangible fixed assets | 22/27 | €62,050 | €140,701 | +€78,651 | +126.8% |
| Plant, machinery and equipment | 23 | €827 | €559 | -€268 | -32.4% |
| Furniture and vehicles | 24 | €61,224 | €140,142 | +€78,919 | +128.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €393,036 | €310,931 | -€82,105 | -20.9% |
| Stocks and contracts in progress | 3 | €74,182 | €87,469 | +€13,287 | +17.9% |
| Stocks | 30/36 | €74,182 | €87,469 | +€13,287 | +17.9% |
| Amounts receivable within one year | 40/41 | €187,769 | €80,335 | -€107,435 | -57.2% |
| Trade receivables | 40 | €180,878 | €77,300 | -€103,578 | -57.3% |
| Other amounts receivable | 41 | €6,892 | €3,035 | -€3,857 | -56.0% |
| Current investments | 50/53 | €112,928 | - | -€112,928 | |
| Cash at bank and in hand | 54/58 | - | €125,538 | +€125,538 | |
| Deferred charges and accrued income | 490/1 | €18,157 | €17,590 | -€568 | -3.1% |
| Total equity and liabilities | 10/49 | €455,136 | €451,681 | -€3,454 | -0.8% |
| Equity | 10/15 | €278,019 | €254,435 | -€23,584 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,196 | €157,445 | -€22,751 | -12.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €178,336 | €155,585 | -€22,751 | -12.8% |
| Profit (loss) carried forward | 14 | €79,223 | €78,390 | -€833 | -1.1% |
| Amounts payable | 17/49 | €177,117 | €197,247 | +€20,130 | +11.4% |
| Amounts payable after more than one year | 17 | €67,764 | €73,995 | +€6,231 | +9.2% |
| Financial debts | 170/4 | €67,764 | €73,995 | +€6,231 | +9.2% |
| Amounts payable within one year | 42/48 | €109,352 | €123,251 | +€13,899 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €33,133 | €38,673 | +€5,540 | +16.7% |
| Trade debts | 44 | €35,949 | €21,245 | -€14,704 | -40.9% |
| Suppliers | 440/4 | €35,949 | €21,245 | -€14,704 | -40.9% |
| Taxes, remuneration and social security | 45 | €30,010 | €22,150 | -€7,860 | -26.2% |
| Taxes | 450/3 | €3,835 | €5,462 | +€1,626 | +42.4% |
| Remuneration and social security | 454/9 | €26,175 | €16,689 | -€9,486 | -36.2% |
| Other amounts payable | 47/48 | €10,260 | €41,183 | +€30,923 | +301.4% |
| Remuneration, social security and pensions | 62 | €210,008 | €195,561 | -€14,447 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,000 | €33,973 | +€9,973 | +41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€581 | - | +€581 | |
| Other operating charges | 640/8 | €2,336 | €1,331 | -€1,005 | -43.0% |
| Non-recurring operating charges | 66A | €34,357 | €5,017 | -€29,340 | -85.4% |
| Gross operating margin | 9900 | €262,134 | €268,921 | +€6,788 | +2.6% |
| Operating profit (loss) | 9901 | -€7,985 | €33,040 | +€41,025 | |
| Financial income | 75/76B | €1,128 | €4,923 | +€3,794 | +336.3% |
| Recurring financial income | 75 | €1,128 | €4,923 | +€3,794 | +336.3% |
| Financial charges | 65/66B | €1,940 | €5,139 | +€3,200 | +165.0% |
| Recurring financial charges | 65 | €1,940 | €5,139 | +€3,200 | +165.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,797 | €32,824 | +€41,620 | |
| Income taxes | 67/77 | €15,631 | €16,965 | +€1,334 | +8.5% |
| Profit (loss) for the period | 9904 | -€24,427 | €15,858 | +€40,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,427 | €15,858 | +€40,286 |
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.