Serviamus: 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.
Serviamus
Largest movements
- Current investments +€7.8m
up €7.8m (+71.8%), from €10.8m to €18.6m
- Receivables after one year -€2.8m
down €2.8m (-66.3%), from €4.3m to €1.4m
- Cash -€1.4m
down €1.4m (-83.2%), from €1.7m to €278,722
mainly Current investments (-€7.8m) and Provisions (-€1.6m)
- Tangible fixed assets -€801,510
down €801,510 (-13.8%), from €5.8m to €5.0m
of which Land and buildings: -€789,832
- Contributions +€5.1m
up €5.1m (+57.1%), from €8.9m to €13.9m
- Profit (loss) carried forward -€1.7m
down €1.7m (-19.3%), from €8.8m to €7.1m
- Provisions -€1.6m
down €1.6m (-40.5%), from €4.0m to €2.4m
- Reserves +€1.1m
up €1.1m (+135%), from €820,083 to €1.9m
- Other operating charges +€3.3m
up €3.3m (+509%), from €641,434 to €3.9m
- Gross operating margin +€1.8m
up €1.8m, from -€77,813 to €1.8m
- Financial income +€74,446
up €74,446 (+28.1%), from €264,807 to €339,253
- Financial charges +€53,316
up €53,316, from -€29,198 to €24,118
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 | €22,684,990 | €25,471,402 | +€2.8m | +12.3% |
| Fixed assets | 21/28 | €5,789,545 | €4,988,034 | -€801,510 | -13.8% |
| Tangible fixed assets | 22/27 | €5,789,545 | €4,988,034 | -€801,510 | -13.8% |
| Land and buildings | 22 | €5,717,726 | €4,927,894 | -€789,832 | -13.8% |
| Plant, machinery and equipment | 23 | €41,879 | €34,762 | -€7,116 | -17.0% |
| Furniture and vehicles | 24 | €29,940 | €23,442 | -€6,498 | -21.7% |
| Leasing and similar rights | 25 | - | €1,937 | +€1,937 | |
| Current assets | 29/58 | €16,895,446 | €20,483,368 | +€3.6m | +21.2% |
| Amounts receivable after more than one year | 29 | €4,264,876 | €1,439,000 | -€2.8m | -66.3% |
| Other amounts receivable | 291 | €4,264,876 | €1,439,000 | -€2.8m | -66.3% |
| Amounts receivable within one year | 40/41 | €116,896 | €132,214 | +€15,317 | +13.1% |
| Other amounts receivable | 41 | €116,896 | €132,214 | +€15,317 | +13.1% |
| Current investments | 50/53 | €10,848,475 | €18,632,403 | +€7.8m | +71.8% |
| Cash at bank and in hand | 54/58 | €1,663,474 | €278,722 | -€1.4m | -83.2% |
| Deferred charges and accrued income | 490/1 | €1,724 | €1,029 | -€695 | -40.3% |
| Total equity and liabilities | 10/49 | €22,684,990 | €25,471,402 | +€2.8m | +12.3% |
| Equity | 10/15 | €18,539,060 | €23,003,130 | +€4.5m | +24.1% |
| Contributions | 10/11 | €8,871,197 | €13,934,763 | +€5.1m | +57.1% |
| Capital | 10 | €8,871,197 | €13,934,763 | +€5.1m | +57.1% |
| Reserves | 13 | €820,083 | €1,926,000 | +€1.1m | +135% |
| Profit (loss) carried forward | 14 | €8,845,236 | €7,140,459 | -€1.7m | -19.3% |
| Investment grants | 15 | €2,544 | €1,908 | -€636 | -25.0% |
| Provisions and deferred taxes | 16 | €3,954,067 | €2,353,783 | -€1.6m | -40.5% |
| Provisions for liabilities and charges | 160/5 | €3,954,067 | €2,353,783 | -€1.6m | -40.5% |
| Other liabilities and charges | 164/5 | €3,954,067 | €2,353,783 | -€1.6m | -40.5% |
| Amounts payable | 17/49 | €191,863 | €114,488 | -€77,375 | -40.3% |
| Amounts payable within one year | 42/48 | €166,494 | €77,476 | -€89,018 | -53.5% |
| Trade debts | 44 | €58,010 | €66,942 | +€8,932 | +15.4% |
| Suppliers | 440/4 | €58,010 | €66,942 | +€8,932 | +15.4% |
| Taxes, remuneration and social security | 45 | €7,373 | €10,533 | +€3,161 | +42.9% |
| Remuneration and social security | 454/9 | €7,373 | €10,533 | +€3,161 | +42.9% |
| Accrued charges and deferred income | 492/3 | €25,369 | €37,013 | +€11,643 | +45.9% |
| Non-recurring operating income | 76A | €6,787 | €48,581 | +€41,794 | +616% |
| Remuneration, social security and pensions | 62 | €90,220 | €83,920 | -€6,300 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,325 | €220,525 | -€11,800 | -5.1% |
| Other operating charges | 640/8 | €641,434 | €3,905,263 | +€3.3m | +509% |
| Gross operating margin | 9900 | -€77,813 | €1,753,854 | +€1.8m | |
| Operating profit (loss) | 9901 | -€649,986 | -€855,569 | -€205,583 | -31.6% |
| Financial income | 75/76B | €264,807 | €339,253 | +€74,446 | +28.1% |
| Recurring financial income | 75 | €264,807 | €339,253 | +€74,446 | +28.1% |
| Financial charges | 65/66B | -€29,198 | €24,118 | +€53,316 | |
| Recurring financial charges | 65 | -€29,198 | €24,118 | +€53,316 | |
| Profit (loss) for the period before taxes | 9903 | -€355,981 | -€540,434 | -€184,453 | -51.8% |
| Income taxes | 67/77 | €59,548 | €58,426 | -€1,122 | -1.9% |
| Profit (loss) for the period | 9904 | -€415,529 | -€598,860 | -€183,331 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€415,529 | -€598,860 | -€183,331 | -44.1% |
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 15 October 2026 via checked.be.