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
- Receivables within one year -€27,447
down €27,447 (-68.6%), from €40,000 to €12,553
of which Trade receivables: -€25,598
- Tangible fixed assets -€20,660
down €20,660 (-24.1%), from €85,801 to €65,142
of which Other tangible fixed assets: -€11,568
- Deferred charges and accrued income +€2,107
up €2,107 (+5.5%), from €38,328 to €40,435
- Trade debts -€50,054
down €50,054 (-60.7%), from €82,497 to €32,443
- Profit (loss) carried forward +€4,571
up €4,571 (+10.1%), from €45,244 to €49,815
- Staff costs +€23,978
up €23,978 (+6.4%), from €376,281 to €400,260
- Gross operating margin +€19,434
up €19,434 (+4.4%), from €439,892 to €459,326
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 | €204,754 | €159,768 | -€44,987 | -22.0% |
| Fixed assets | 21/28 | €85,952 | €65,293 | -€20,660 | -24.0% |
| Tangible fixed assets | 22/27 | €85,801 | €65,142 | -€20,660 | -24.1% |
| Furniture and vehicles | 24 | €44,070 | €34,979 | -€9,091 | -20.6% |
| Other tangible fixed assets | 26 | €41,731 | €30,162 | -€11,568 | -27.7% |
| Financial fixed assets | 28 | €151 | €151 | = | 0.0% |
| Current assets | 29/58 | €118,802 | €94,475 | -€24,327 | -20.5% |
| Amounts receivable within one year | 40/41 | €40,000 | €12,553 | -€27,447 | -68.6% |
| Trade receivables | 40 | €28,838 | €3,240 | -€25,598 | -88.8% |
| Other amounts receivable | 41 | €11,162 | €9,313 | -€1,849 | -16.6% |
| Cash at bank and in hand | 54/58 | €40,474 | €41,487 | +€1,013 | +2.5% |
| Deferred charges and accrued income | 490/1 | €38,328 | €40,435 | +€2,107 | +5.5% |
| Total equity and liabilities | 10/49 | €204,754 | €159,768 | -€44,987 | -22.0% |
| Equity | 10/15 | €65,889 | €70,460 | +€4,571 | +6.9% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €1,145 | €1,145 | = | 0.0% |
| Distributable reserves | 133 | €1,145 | €1,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,244 | €49,815 | +€4,571 | +10.1% |
| Amounts payable | 17/49 | €138,865 | €89,308 | -€49,558 | -35.7% |
| Amounts payable after more than one year | 17 | €11,345 | €11,345 | = | 0.0% |
| Other amounts payable | 178/9 | €11,345 | €11,345 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,521 | €77,939 | -€49,582 | -38.9% |
| Trade debts | 44 | €82,497 | €32,443 | -€50,054 | -60.7% |
| Suppliers | 440/4 | €82,497 | €32,443 | -€50,054 | -60.7% |
| Taxes, remuneration and social security | 45 | €45,024 | €45,496 | +€472 | +1.0% |
| Taxes | 450/3 | €3,003 | €381 | -€2,622 | -87.3% |
| Remuneration and social security | 454/9 | €42,020 | €45,115 | +€3,095 | +7.4% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €376,281 | €400,260 | +€23,978 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,174 | €22,333 | -€3,841 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,125 | -€1,125 | -€2,250 | |
| Other operating charges | 640/8 | €23,830 | €25,298 | +€1,468 | +6.2% |
| Gross operating margin | 9900 | €439,892 | €459,326 | +€19,434 | +4.4% |
| Operating profit (loss) | 9901 | €12,482 | €12,560 | +€78 | +0.6% |
| Financial income | 75/76B | €5 | €5 | -€0 | -2.6% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -2.6% |
| Financial charges | 65/66B | €318 | €376 | +€58 | +18.1% |
| Recurring financial charges | 65 | €318 | €376 | +€58 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €12,169 | €12,189 | +€20 | +0.2% |
| Income taxes | 67/77 | €6,296 | €7,618 | +€1,322 | +21.0% |
| Profit (loss) for the period | 9904 | €5,872 | €4,571 | -€1,301 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,872 | €4,571 | -€1,301 | -22.2% |
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.