SERVICOV: 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.
SERVICOV
Largest movements
- Financial fixed assets +€69,850
up €69,850 (+2.0%), from €3.4m to €3.5m
- Debts after one year +€40,953
up €40,953 (+92.8%), from €44,147 to €85,100
- Gross operating margin +€8,061
up €8,061 (+271.7%), from €2,967 to €11,029
- Taxes +€2,178
up €2,178 (+53.7%), from €4,055 to €6,233
- Financial charges -€1,785
down €1,785 (-65.6%), from €2,720 to €935
- Financial income -€1,749
down €1,749 (-7.4%), from €23,775 to €22,026
- Depreciation -€423
down €423 (-6.3%), from €6,694 to €6,271
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 | €3,500,986 | €3,540,741 | +€39,755 | +1.1% |
| Fixed assets | 21/28 | €3,447,432 | €3,511,012 | +€63,580 | +1.8% |
| Intangible fixed assets | 21 | €13,626 | €7,355 | -€6,271 | -46.0% |
| Financial fixed assets | 28 | €3,433,806 | €3,503,656 | +€69,850 | +2.0% |
| Current assets | 29/58 | €53,554 | €29,729 | -€23,824 | -44.5% |
| Amounts receivable within one year | 40/41 | €34,287 | €29,290 | -€4,998 | -14.6% |
| Trade receivables | 40 | €7,256 | €7,256 | = | 0.0% |
| Other amounts receivable | 41 | €27,031 | €22,033 | -€4,998 | -18.5% |
| Cash at bank and in hand | 54/58 | €7,185 | €440 | -€6,745 | -93.9% |
| Deferred charges and accrued income | 490/1 | €12,081 | - | -€12,081 | |
| Total equity and liabilities | 10/49 | €3,500,986 | €3,540,741 | +€39,755 | +1.1% |
| Equity | 10/15 | €3,427,495 | €3,445,967 | +€18,473 | +0.5% |
| Contributions | 10/11 | €1,662,000 | €1,662,000 | = | 0.0% |
| Reserves | 13 | €1,765,495 | €1,783,967 | +€18,473 | +1.0% |
| Non-distributable reserves | 130/1 | €89,996 | €89,996 | = | 0.0% |
| Reserves not available under the articles | 1311 | €89,996 | €89,996 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,924 | €8,924 | = | 0.0% |
| Distributable reserves | 133 | €1,666,574 | €1,685,047 | +€18,473 | +1.1% |
| Amounts payable | 17/49 | €73,491 | €94,774 | +€21,283 | +29.0% |
| Amounts payable after more than one year | 17 | €44,147 | €85,100 | +€40,953 | +92.8% |
| Other amounts payable | 178/9 | €44,147 | €85,100 | +€40,953 | +92.8% |
| Amounts payable within one year | 42/48 | €29,344 | €9,674 | -€19,670 | -67.0% |
| Trade debts | 44 | €24,114 | €6,739 | -€17,375 | -72.1% |
| Suppliers | 440/4 | €24,114 | €6,739 | -€17,375 | -72.1% |
| Taxes, remuneration and social security | 45 | €2,636 | €2,289 | -€347 | -13.2% |
| Taxes | 450/3 | €2,636 | €2,289 | -€347 | -13.2% |
| Other amounts payable | 47/48 | €2,594 | €646 | -€1,948 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,694 | €6,271 | -€423 | -6.3% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €2,967 | €11,029 | +€8,061 | +271.7% |
| Operating profit (loss) | 9901 | -€4,835 | €3,615 | +€8,450 | |
| Financial income | 75/76B | €23,775 | €22,026 | -€1,749 | -7.4% |
| Recurring financial income | 75 | €23,775 | €22,026 | -€1,749 | -7.4% |
| Financial charges | 65/66B | €2,720 | €935 | -€1,785 | -65.6% |
| Recurring financial charges | 65 | €2,720 | €935 | -€1,785 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €16,220 | €24,706 | +€8,486 | +52.3% |
| Income taxes | 67/77 | €4,055 | €6,233 | +€2,178 | +53.7% |
| Profit (loss) for the period | 9904 | €12,165 | €18,473 | +€6,308 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,165 | €18,473 | +€6,308 | +51.8% |
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 12 October 2026 via checked.be.