SERVIAM: 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.
SERVIAM
Largest movements
- Cash +€332,571
up €332,571 (+18974.0%), from €1,753 to €334,324
mainly Receivables within one year (+€211,341) and Net result for the year (+€125,658)
- Receivables within one year -€211,341
down €211,341 (-51.4%), from €411,565 to €200,223
of which Trade receivables: -€218,500
- Tangible fixed assets -€33,866
down €33,866 (-3.0%), from €1.1m to €1.1m
of which Land and buildings: -€19,086
- Reserves +€125,658
up €125,658 (+13.9%), from €902,850 to €1.0m
of which Distributable reserves: +€125,658
- Debts after one year -€122,389
down €122,389 (-30.0%), from €408,279 to €285,891
- Tax, wage and social debts +€38,151
up €38,151 (+304.4%), from €12,535 to €50,685
of which Taxes: +€35,595
- Short-term financial debts +€30,000
up €30,000 (+75.0%), from €40,000 to €70,000
- Gross operating margin +€67,341
up €67,341 (+33.4%), from €201,349 to €268,691
- Other operating charges +€39,934
up €39,934 (+555.1%), from €7,193 to €47,128
- Taxes +€10,134
up €10,134 (+23.6%), from €42,881 to €53,015
- Financial charges -€3,880
down €3,880 (-27.3%), from €14,191 to €10,311
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 | €1,531,504 | €1,629,388 | +€97,884 | +6.4% |
| Fixed assets | 21/28 | €1,117,228 | €1,083,362 | -€33,866 | -3.0% |
| Tangible fixed assets | 22/27 | €1,117,228 | €1,083,362 | -€33,866 | -3.0% |
| Land and buildings | 22 | €1,061,317 | €1,042,230 | -€19,086 | -1.8% |
| Plant, machinery and equipment | 23 | €14,761 | €16,283 | +€1,522 | +10.3% |
| Furniture and vehicles | 24 | €41,151 | €24,849 | -€16,302 | -39.6% |
| Current assets | 29/58 | €414,276 | €546,026 | +€131,750 | +31.8% |
| Amounts receivable within one year | 40/41 | €411,565 | €200,223 | -€211,341 | -51.4% |
| Trade receivables | 40 | €221,865 | €3,365 | -€218,500 | -98.5% |
| Other amounts receivable | 41 | €189,700 | €196,858 | +€7,159 | +3.8% |
| Current investments | 50/53 | - | €1,880 | +€1,880 | |
| Cash at bank and in hand | 54/58 | €1,753 | €334,324 | +€332,571 | +18974.0% |
| Deferred charges and accrued income | 490/1 | €959 | €9,599 | +€8,640 | +901.1% |
| Total equity and liabilities | 10/49 | €1,531,504 | €1,629,388 | +€97,884 | +6.4% |
| Equity | 10/15 | €921,450 | €1,047,108 | +€125,658 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €902,850 | €1,028,508 | +€125,658 | +13.9% |
| 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 | €900,990 | €1,026,648 | +€125,658 | +13.9% |
| Amounts payable | 17/49 | €610,054 | €582,281 | -€27,774 | -4.6% |
| Amounts payable after more than one year | 17 | €408,279 | €285,891 | -€122,389 | -30.0% |
| Financial debts | 170/4 | €408,279 | €285,891 | -€122,389 | -30.0% |
| Amounts payable within one year | 42/48 | €201,775 | €296,390 | +€94,615 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €120,096 | €122,389 | +€2,293 | +1.9% |
| Financial debts | 43 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Credit institutions | 430/8 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Trade debts | 44 | €29,145 | €37,854 | +€8,709 | +29.9% |
| Suppliers | 440/4 | €29,145 | €37,854 | +€8,709 | +29.9% |
| Taxes, remuneration and social security | 45 | €12,535 | €50,685 | +€38,151 | +304.4% |
| Taxes | 450/3 | €12,535 | €48,130 | +€35,595 | +284.0% |
| Remuneration and social security | 454/9 | - | €2,555 | +€2,555 | |
| Other amounts payable | 47/48 | - | €15,462 | +€15,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,454 | €38,300 | +€846 | +2.3% |
| Other operating charges | 640/8 | €7,193 | €47,128 | +€39,934 | +555.1% |
| Gross operating margin | 9900 | €201,349 | €268,691 | +€67,341 | +33.4% |
| Operating profit (loss) | 9901 | €156,702 | €183,263 | +€26,561 | +16.9% |
| Financial income | 75/76B | €4,277 | €5,722 | +€1,445 | +33.8% |
| Recurring financial income | 75 | €4,277 | €5,722 | +€1,445 | +33.8% |
| Financial charges | 65/66B | €14,191 | €10,311 | -€3,880 | -27.3% |
| Recurring financial charges | 65 | €14,191 | €10,311 | -€3,880 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €146,787 | €178,673 | +€31,886 | +21.7% |
| Income taxes | 67/77 | €42,881 | €53,015 | +€10,134 | +23.6% |
| Profit (loss) for the period | 9904 | €103,906 | €125,658 | +€21,752 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,906 | €125,658 | +€21,752 | +20.9% |
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 9 October 2026 via checked.be.