SERVICO: 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.
SERVICO
Largest movements
- Cash +€404,511
up €404,511 (+427.9%), from €94,530 to €499,041
mainly Net result for the year (+€225,390) and Trade debts (+€143,668)
- Receivables within one year +€26,976
up €26,976 (+11.0%), from €246,190 to €273,166
of which Trade receivables: +€27,370
- Tangible fixed assets +€19,094
up €19,094 (+8.6%), from €222,637 to €241,731
of which Furniture and vehicles: +€22,424
- Reserves +€197,598
up €197,598 (+52.7%), from €374,832 to €572,430
of which Distributable reserves: +€208,491
- Trade debts +€143,668
up €143,668 (+233.4%), from €61,549 to €205,217
- Accrued charges and deferred income +€75,119
up €75,119 (+1346.8%), from €5,577 to €80,696
- Debts after one year +€41,987
up €41,987 (+214.2%), from €19,603 to €61,591
- Tax, wage and social debts -€22,414
down €22,414 (-11.0%), from €203,757 to €181,343
of which Taxes: -€13,983
- Gross operating margin -€42,809
down €42,809 (-2.5%), from €1.7m to €1.7m
- Staff costs -€42,071
down €42,071 (-3.2%), from €1.3m to €1.3m
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 | €764,145 | €1,219,280 | +€455,135 | +59.6% |
| Fixed assets | 21/28 | €222,637 | €241,731 | +€19,094 | +8.6% |
| Tangible fixed assets | 22/27 | €222,637 | €241,731 | +€19,094 | +8.6% |
| Land and buildings | 22 | €4,955 | €3,382 | -€1,573 | -31.8% |
| Plant, machinery and equipment | 23 | €3,580 | €1,822 | -€1,757 | -49.1% |
| Furniture and vehicles | 24 | €214,102 | €236,527 | +€22,424 | +10.5% |
| Current assets | 29/58 | €541,508 | €977,550 | +€436,042 | +80.5% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,030 | €11,971 | +€5,941 | +98.5% |
| Stocks | 30/36 | €6,030 | €11,971 | +€5,941 | +98.5% |
| Amounts receivable within one year | 40/41 | €246,190 | €273,166 | +€26,976 | +11.0% |
| Trade receivables | 40 | €238,030 | €265,400 | +€27,370 | +11.5% |
| Other amounts receivable | 41 | €8,160 | €7,766 | -€394 | -4.8% |
| Current investments | 50/53 | €157 | - | -€157 | |
| Cash at bank and in hand | 54/58 | €94,530 | €499,041 | +€404,511 | +427.9% |
| Deferred charges and accrued income | 490/1 | €34,602 | €33,371 | -€1,231 | -3.6% |
| Total equity and liabilities | 10/49 | €764,145 | €1,219,280 | +€455,135 | +59.6% |
| Equity | 10/15 | €437,147 | €634,745 | +€197,598 | +45.2% |
| Contributions | 10/11 | €62,315 | €62,315 | = | 0.0% |
| Reserves | 13 | €374,832 | €572,430 | +€197,598 | +52.7% |
| Tax-exempt reserves | 132 | €32,310 | €21,418 | -€10,892 | -33.7% |
| Distributable reserves | 133 | €342,521 | €551,012 | +€208,491 | +60.9% |
| Provisions and deferred taxes | 16 | €9,220 | €5,590 | -€3,631 | -39.4% |
| Deferred taxes | 168 | €9,220 | €5,590 | -€3,631 | -39.4% |
| Amounts payable | 17/49 | €317,778 | €578,945 | +€261,167 | +82.2% |
| Amounts payable after more than one year | 17 | €19,603 | €61,591 | +€41,987 | +214.2% |
| Financial debts | 170/4 | €19,603 | €61,591 | +€41,987 | +214.2% |
| Amounts payable within one year | 42/48 | €292,597 | €436,659 | +€144,061 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €4,641 | €22,307 | +€17,665 | +380.6% |
| Trade debts | 44 | €61,549 | €205,217 | +€143,668 | +233.4% |
| Suppliers | 440/4 | €61,549 | €205,217 | +€143,668 | +233.4% |
| Taxes, remuneration and social security | 45 | €203,757 | €181,343 | -€22,414 | -11.0% |
| Taxes | 450/3 | €50,659 | €36,676 | -€13,983 | -27.6% |
| Remuneration and social security | 454/9 | €153,098 | €144,667 | -€8,431 | -5.5% |
| Other amounts payable | 47/48 | €22,650 | €27,792 | +€5,142 | +22.7% |
| Accrued charges and deferred income | 492/3 | €5,577 | €80,696 | +€75,119 | +1346.8% |
| Remuneration, social security and pensions | 62 | €1,297,146 | €1,255,075 | -€42,071 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,062 | €94,232 | +€7,171 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,027 | €285 | -€742 | -72.2% |
| Other operating charges | 640/8 | €4,169 | €8,865 | +€4,696 | +112.7% |
| Gross operating margin | 9900 | €1,696,223 | €1,653,414 | -€42,809 | -2.5% |
| Operating profit (loss) | 9901 | €306,819 | €294,957 | -€11,863 | -3.9% |
| Financial income | 75/76B | €1,657 | €12,362 | +€10,706 | +646.2% |
| Recurring financial income | 75 | €1,657 | €12,362 | +€10,706 | +646.2% |
| Financial charges | 65/66B | €4,207 | €3,265 | -€942 | -22.4% |
| Recurring financial charges | 65 | €4,207 | €3,265 | -€942 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €304,269 | €304,054 | -€215 | -0.1% |
| Transfer from deferred taxes | 780 | €3,677 | €3,631 | -€47 | -1.3% |
| Income taxes | 67/77 | €89,228 | €82,294 | -€6,934 | -7.8% |
| Profit (loss) for the period | 9904 | €218,718 | €225,390 | +€6,672 | +3.1% |
| Transfer from tax-exempt reserves | 789 | €11,032 | €10,892 | -€140 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €229,751 | €236,283 | +€6,532 | +2.8% |
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 6 October 2026 via checked.be.