Servibox: 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.
What changed
Servibox
NACE 17.120, Manufacture of paper and paper products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€234,842
2024 · €339,726-€104,884
Equity
€4.1m
2024 · €4.0m+€154,000
Cash
€515,743
2024 · €781,840-€266,097
Balance sheet total
€7.7m
2024 · €7.5m+€149,225
Largest movements
Assets
- Stocks and contracts +€313,576
up €313,576 (+18.0%), from €1.7m to €2.1m
- Receivables within one year +€293,040
up €293,040 (+12.0%), from €2.4m to €2.7m
of which Trade receivables: +€309,615
- Cash -€266,097
down €266,097 (-34.0%), from €781,840 to €515,743
mainly Stocks and contracts (-€313,576) and Receivables within one year (-€293,040)
- Tangible fixed assets -€227,626
down €227,626 (-9.2%), from €2.5m to €2.3m
Equity and liabilities
- Debts after one year -€256,553
down €256,553 (-34.8%), from €736,852 to €480,299
- Trade debts +€201,776
up €201,776 (+10.5%), from €1.9m to €2.1m
- Profit (loss) carried forward +€105,742
up €105,742 (+2.8%), from €3.8m to €3.9m
Income statement
- Goods and materials +€188,369
up €188,369 (+1.8%), from €10.5m to €10.7m
of which Purchases: +€455,893
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.
Result 2024
€339,726
Turnover
+€132,769
Other operating income
-€8,497
Goods and materials
-€188,369
Services and other goods
-€102,353
Staff costs
+€60,887
Depreciation
-€2,091
Write-downs
+€1,121
Provisions
-€12,601
Other operating charges
-€10,257
Other operating items
-€27,889
Financial income
+€2,209
Financial charges
+€12,049
Taxes
+€38,137
Result 2025
€234,842
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.
From operations
+€208,969
Investment
-€140,955
Financing
-€334,111
Cash 2024
€781,840
From operations (derived)
+€208,969
Net result for the year
+€234,842
Depreciation
+€380,798
Receivables after one year
+€2,545
Stocks and contracts
-€313,576
Receivables within one year
-€293,040
Deferred charges and accrued income
-€51,095
Trade debts
+€201,776
Tax, wage and social debts
+€61,539
Other debts
-€25,820
Accrued charges and deferred income
+€11,000
Investment (derived)
-€140,955
Investment in fixed assets (net)
-€140,955
Financing
-€334,111
Debts after one year
-€256,553
Current portion of long-term debt
+€3,283
Contributions, distributions and other
-€80,842
Cash 2025
€515,743
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,505,614 | €7,654,839 | +€149,225 | +2.0% |
| Fixed assets | 21/28 | €2,500,263 | €2,260,421 | -€239,843 | -9.6% |
| Intangible fixed assets | 21 | €17,998 | €5,884 | -€12,114 | -67.3% |
| Tangible fixed assets | 22/27 | €2,480,757 | €2,253,130 | -€227,626 | -9.2% |
| Land and buildings | 22 | €1,239,827 | €1,181,999 | -€57,828 | -4.7% |
| Plant, machinery and equipment | 23 | €652,270 | €588,538 | -€63,733 | -9.8% |
| Furniture and vehicles | 24 | €99,728 | €75,019 | -€24,709 | -24.8% |
| Leasing and similar rights | 25 | €488,932 | €407,575 | -€81,357 | -16.6% |
| Financial fixed assets | 28 | €1,509 | €1,407 | -€102 | -6.8% |
| Other financial fixed assets | 284/8 | €1,509 | €1,407 | -€102 | -6.8% |
| Amounts receivable and cash guarantees | 285/8 | €1,509 | €1,407 | -€102 | -6.8% |
| Current assets | 29/58 | €5,005,351 | €5,394,418 | +€389,067 | +7.8% |
| Amounts receivable after more than one year | 29 | €3,402 | €857 | -€2,545 | -74.8% |
| Other amounts receivable | 291 | €3,402 | €857 | -€2,545 | -74.8% |
| Stocks and contracts in progress | 3 | €1,741,832 | €2,055,408 | +€313,576 | +18.0% |
| Stocks | 30/36 | €1,741,832 | €2,055,408 | +€313,576 | +18.0% |
| Raw materials and consumables | 30/31 | €197,290 | €218,192 | +€20,902 | +10.6% |
| Work in progress | 32 | €23,373 | €0 | -€23,373 | -100.0% |
| Finished goods | 33 | €804,736 | €928,513 | +€123,777 | +15.4% |
| Goods purchased for resale | 34 | €716,433 | €908,703 | +€192,270 | +26.8% |
| Amounts receivable within one year | 40/41 | €2,435,721 | €2,728,761 | +€293,040 | +12.0% |
| Trade receivables | 40 | €2,381,572 | €2,691,187 | +€309,615 | +13.0% |
| Other amounts receivable | 41 | €54,150 | €37,574 | -€16,576 | -30.6% |
| Cash at bank and in hand | 54/58 | €781,840 | €515,743 | -€266,097 | -34.0% |
| Deferred charges and accrued income | 490/1 | €42,555 | €93,650 | +€51,095 | +120.1% |
| Total equity and liabilities | 10/49 | €7,505,614 | €7,654,839 | +€149,225 | +2.0% |
| Equity | 10/15 | €3,969,071 | €4,123,070 | +€154,000 | +3.9% |
| Contributions | 10/11 | €136,400 | €136,400 | = | 0.0% |
| Capital | 10 | €136,400 | €136,400 | = | 0.0% |
| Issued capital | 100 | €136,400 | €136,400 | = | 0.0% |
| Reserves | 13 | €13,640 | €13,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,640 | €13,640 | = | 0.0% |
| Legal reserve | 130 | €13,640 | €13,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,819,031 | €3,924,772 | +€105,742 | +2.8% |
| Investment grants | 15 | - | €48,258 | +€48,258 | |
| Amounts payable | 17/49 | €3,536,544 | €3,531,769 | -€4,775 | -0.1% |
| Amounts payable after more than one year | 17 | €736,852 | €480,299 | -€256,553 | -34.8% |
| Financial debts | 170/4 | €736,852 | €480,299 | -€256,553 | -34.8% |
| Leasing and similar obligations | 172 | €240,682 | €123,235 | -€117,447 | -48.8% |
| Credit institutions | 173 | €496,170 | €357,064 | -€139,106 | -28.0% |
| Amounts payable within one year | 42/48 | €2,777,021 | €3,017,800 | +€240,778 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €253,269 | €256,553 | +€3,283 | +1.3% |
| Trade debts | 44 | €1,914,691 | €2,116,466 | +€201,776 | +10.5% |
| Suppliers | 440/4 | €1,914,691 | €2,116,466 | +€201,776 | +10.5% |
| Taxes, remuneration and social security | 45 | €454,142 | €515,681 | +€61,539 | +13.6% |
| Taxes | 450/3 | €215,165 | €200,601 | -€14,564 | -6.8% |
| Remuneration and social security | 454/9 | €238,977 | €315,079 | +€76,103 | +31.8% |
| Other amounts payable | 47/48 | €154,920 | €129,100 | -€25,820 | -16.7% |
| Accrued charges and deferred income | 492/3 | €22,671 | €33,670 | +€11,000 | +48.5% |
| Operating income | 70/76A | €16,891,817 | €16,988,238 | +€96,420 | +0.6% |
| Turnover | 70 | €16,676,431 | €16,809,200 | +€132,769 | +0.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €136,038 | €100,404 | -€35,634 | -26.2% |
| Other operating income | 74 | €74,788 | €66,291 | -€8,497 | -11.4% |
| Non-recurring operating income | 76A | €4,561 | €12,343 | +€7,783 | +170.6% |
| Operating charges | 60/66A | €16,342,090 | €16,595,790 | +€253,700 | +1.6% |
| Goods for resale, raw materials and consumables | 60 | €10,515,290 | €10,703,660 | +€188,369 | +1.8% |
| Purchases | 600/8 | €10,460,938 | €10,916,832 | +€455,893 | +4.4% |
| Change in stocks: decrease (increase) | 609 | €54,352 | -€213,172 | -€267,524 | |
| Services and other goods | 61 | €2,769,181 | €2,871,535 | +€102,353 | +3.7% |
| Remuneration, social security and pensions | 62 | €2,636,334 | €2,575,447 | -€60,887 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,707 | €380,798 | +€2,091 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,578 | €6,458 | -€1,121 | -14.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,601 | €0 | +€12,601 | |
| Other operating charges | 640/8 | €47,527 | €57,784 | +€10,257 | +21.6% |
| Non-recurring operating charges | 66A | €73 | €110 | +€37 | +50.7% |
| Operating profit (loss) | 9901 | €549,728 | €392,448 | -€157,279 | -28.6% |
| Financial income | 75/76B | €5,885 | €8,094 | +€2,209 | +37.5% |
| Recurring financial income | 75 | €5,885 | €8,094 | +€2,209 | +37.5% |
| Income from current assets | 751 | €5,748 | €236 | -€5,512 | -95.9% |
| Other financial income | 752/9 | €137 | €7,858 | +€7,721 | +5649.5% |
| Financial charges | 65/66B | €73,077 | €61,028 | -€12,049 | -16.5% |
| Recurring financial charges | 65 | €73,077 | €61,028 | -€12,049 | -16.5% |
| Debt charges | 650 | €40,361 | €33,600 | -€6,761 | -16.8% |
| Other financial charges | 652/9 | €32,716 | €27,428 | -€5,288 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €482,535 | €339,514 | -€143,021 | -29.6% |
| Income taxes | 67/77 | €142,810 | €104,672 | -€38,137 | -26.7% |
| Taxes | 670/3 | €142,810 | €104,746 | -€38,064 | -26.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €73 | +€73 | |
| Profit (loss) for the period | 9904 | €339,726 | €234,842 | -€104,884 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €339,726 | €234,842 | -€104,884 | -30.9% |
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 11 October 2026 via checked.be.