Servicio Clavo: 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.
Servicio Clavo
Largest movements
- Cash +€4,831
up €4,831 (+46.9%), from €10,308 to €15,138
mainly Net result for the year (+€6,926) and Tax, wage and social debts (+€4,668)
- Receivables within one year +€3,147
up €3,147 (+27.0%), from €11,660 to €14,808
of which Other amounts receivable: +€2,000
- Tangible fixed assets +€1,849
new in 2025: €1,849
- Reserves +€6,926
up €6,926 (+123.7%), from €5,601 to €12,527
- Tax, wage and social debts +€4,668
up €4,668 (+60.4%), from €7,733 to €12,401
- Other debts -€2,334
no longer reported in 2025 (was €2,334)
- Trade debts +€567
up €567 (+24.6%), from €2,300 to €2,867
- Gross operating margin +€11,806
up €11,806 (+137.4%), from €8,595 to €20,401
- Financial charges +€4,293
up €4,293 (+32300.5%), from €13 to €4,306
- Other operating charges +€3,528
new in 2025: €3,528
- Taxes +€2,259
up €2,259 (+75.8%), from €2,981 to €5,239
- Depreciation +€401
new in 2025: €401
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 | €21,968 | €31,795 | +€9,827 | +44.7% |
| Fixed assets | 21/28 | - | €1,849 | +€1,849 | |
| Tangible fixed assets | 22/27 | - | €1,849 | +€1,849 | |
| Furniture and vehicles | 24 | - | €1,849 | +€1,849 | |
| Current assets | 29/58 | €21,968 | €29,946 | +€7,978 | +36.3% |
| Amounts receivable within one year | 40/41 | €11,660 | €14,808 | +€3,147 | +27.0% |
| Trade receivables | 40 | €11,660 | €12,808 | +€1,147 | +9.8% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €10,308 | €15,138 | +€4,831 | +46.9% |
| Total equity and liabilities | 10/49 | €21,968 | €31,795 | +€9,827 | +44.7% |
| Equity | 10/15 | €9,601 | €16,527 | +€6,926 | +72.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,601 | €12,527 | +€6,926 | +123.7% |
| Distributable reserves | 133 | €5,601 | €12,527 | +€6,926 | +123.7% |
| Amounts payable | 17/49 | €12,367 | €15,268 | +€2,901 | +23.5% |
| Amounts payable within one year | 42/48 | €12,367 | €15,268 | +€2,901 | +23.5% |
| Trade debts | 44 | €2,300 | €2,867 | +€567 | +24.6% |
| Suppliers | 440/4 | €2,300 | €2,867 | +€567 | +24.6% |
| Taxes, remuneration and social security | 45 | €7,733 | €12,401 | +€4,668 | +60.4% |
| Taxes | 450/3 | €7,733 | €12,401 | +€4,668 | +60.4% |
| Other amounts payable | 47/48 | €2,334 | - | -€2,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €401 | +€401 | |
| Other operating charges | 640/8 | - | €3,528 | +€3,528 | |
| Gross operating margin | 9900 | €8,595 | €20,401 | +€11,806 | +137.4% |
| Operating profit (loss) | 9901 | €8,595 | €16,472 | +€7,877 | +91.7% |
| Financial charges | 65/66B | €13 | €4,306 | +€4,293 | +32300.5% |
| Recurring financial charges | 65 | €13 | €4,306 | +€4,293 | +32300.5% |
| Profit (loss) for the period before taxes | 9903 | €8,581 | €12,166 | +€3,585 | +41.8% |
| Income taxes | 67/77 | €2,981 | €5,239 | +€2,259 | +75.8% |
| Profit (loss) for the period | 9904 | €5,601 | €6,926 | +€1,326 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,601 | €6,926 | +€1,326 | +23.7% |
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 7 October 2026 via checked.be.