SERVIBATI: 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.
SERVIBATI
Largest movements
- Tangible fixed assets +€678,457
up €678,457 (+120.7%), from €562,180 to €1.2m
of which Land and buildings: +€584,690
- Receivables within one year +€23,812
up €23,812 (+12.9%), from €184,320 to €208,132
of which Trade receivables: +€18,434
- Debts after one year +€440,728
up €440,728 (+116.1%), from €379,735 to €820,463
- Other debts +€326,592
up €326,592 (+215.7%), from €151,407 to €477,999
- Reserves -€225,011
down €225,011 (-59.1%), from €380,439 to €155,428
- Tax, wage and social debts +€82,994
up €82,994 (+278.5%), from €29,799 to €112,793
of which Taxes: +€82,014
- Trade debts +€34,277
up €34,277 (+123.8%), from €27,685 to €61,962
- Gross operating margin +€192,946
up €192,946 (+43.7%), from €441,127 to €634,073
- Staff costs +€129,083
up €129,083 (+117.4%), from €109,992 to €239,075
- Depreciation +€98,695
up €98,695 (+179.0%), from €55,129 to €153,824
- Taxes -€20,043
down €20,043 (-29.9%), from €67,117 to €47,074
- Financial charges +€12,259
up €12,259 (+102.3%), from €11,983 to €24,242
of which Financial charges: +€12,420
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 | €1,016,475 | €1,708,962 | +€692,487 | +68.1% |
| Fixed assets | 21/28 | €563,008 | €1,241,237 | +€678,229 | +120.5% |
| Intangible fixed assets | 21 | €228 | - | -€228 | |
| Tangible fixed assets | 22/27 | €562,180 | €1,240,637 | +€678,457 | +120.7% |
| Land and buildings | 22 | €467,054 | €1,051,744 | +€584,690 | +125.2% |
| Plant, machinery and equipment | 23 | €15,468 | €10,743 | -€4,725 | -30.5% |
| Furniture and vehicles | 24 | €79,658 | €178,150 | +€98,492 | +123.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €453,467 | €467,725 | +€14,258 | +3.1% |
| Stocks and contracts in progress | 3 | €18,810 | €14,268 | -€4,542 | -24.1% |
| Stocks | 30/36 | €18,810 | €14,268 | -€4,542 | -24.1% |
| Amounts receivable within one year | 40/41 | €184,320 | €208,132 | +€23,812 | +12.9% |
| Trade receivables | 40 | €183,929 | €202,363 | +€18,434 | +10.0% |
| Other amounts receivable | 41 | €391 | €5,769 | +€5,378 | +1375.4% |
| Cash at bank and in hand | 54/58 | €246,902 | €233,743 | -€13,159 | -5.3% |
| Deferred charges and accrued income | 490/1 | €3,435 | €11,582 | +€8,147 | +237.2% |
| Total equity and liabilities | 10/49 | €1,016,475 | €1,708,962 | +€692,487 | +68.1% |
| Equity | 10/15 | €389,739 | €164,728 | -€225,011 | -57.7% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €380,439 | €155,428 | -€225,011 | -59.1% |
| Distributable reserves | 133 | €380,439 | €155,428 | -€225,011 | -59.1% |
| Amounts payable | 17/49 | €626,736 | €1,544,234 | +€917,498 | +146.4% |
| Amounts payable after more than one year | 17 | €379,735 | €820,463 | +€440,728 | +116.1% |
| Financial debts | 170/4 | €379,735 | €820,463 | +€440,728 | +116.1% |
| Amounts payable within one year | 42/48 | €247,001 | €723,771 | +€476,770 | +193.0% |
| Current portion of amounts payable after more than one year | 42 | €38,110 | €71,017 | +€32,907 | +86.3% |
| Trade debts | 44 | €27,685 | €61,962 | +€34,277 | +123.8% |
| Suppliers | 440/4 | €27,685 | €61,962 | +€34,277 | +123.8% |
| Taxes, remuneration and social security | 45 | €29,799 | €112,793 | +€82,994 | +278.5% |
| Taxes | 450/3 | €29,799 | €111,813 | +€82,014 | +275.2% |
| Remuneration and social security | 454/9 | - | €980 | +€980 | |
| Other amounts payable | 47/48 | €151,407 | €477,999 | +€326,592 | +215.7% |
| Remuneration, social security and pensions | 62 | €109,992 | €239,075 | +€129,083 | +117.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,129 | €153,824 | +€98,695 | +179.0% |
| Other operating charges | 640/8 | €3,482 | €14,948 | +€11,466 | +329.3% |
| Gross operating margin | 9900 | €441,127 | €634,073 | +€192,946 | +43.7% |
| Operating profit (loss) | 9901 | €272,524 | €226,226 | -€46,298 | -17.0% |
| Financial income | 75/76B | €6,953 | €518 | -€6,435 | -92.5% |
| Recurring financial income | 75 | €6,953 | €518 | -€6,435 | -92.5% |
| Financial charges | 65/66B | €11,983 | €24,242 | +€12,259 | +102.3% |
| Recurring financial charges | 65 | €11,822 | €24,242 | +€12,420 | +105.1% |
| Non-recurring financial charges | 66B | €161 | - | -€161 | |
| Profit (loss) for the period before taxes | 9903 | €267,494 | €202,502 | -€64,992 | -24.3% |
| Income taxes | 67/77 | €67,117 | €47,074 | -€20,043 | -29.9% |
| Profit (loss) for the period | 9904 | €200,377 | €155,428 | -€44,949 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €200,377 | €155,428 | -€44,949 | -22.4% |
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 3 October 2026 via checked.be.