SERVIDA: 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.
SERVIDA
Largest movements
- Stocks and contracts -€133,952
down €133,952 (-69.1%), from €193,880 to €59,927
- Receivables within one year -€63,989
down €63,989 (-12.1%), from €526,829 to €462,840
of which Trade receivables: -€148,071
- Tangible fixed assets -€24,397
down €24,397 (-22.2%), from €110,084 to €85,687
of which Plant, machinery and equipment: -€13,780
- Cash +€14,114
up €14,114 (+31.2%), from €45,246 to €59,360
mainly Stocks and contracts (+€133,952) and Receivables within one year (+€63,989)
- Trade debts -€187,095
down €187,095 (-53.0%), from €352,884 to €165,789
- Current portion of long-term debt -€13,216
down €13,216 (-15.4%), from €86,048 to €72,832
- Debts after one year -€10,164
down €10,164 (-85.7%), from €11,867 to €1,703
- Gross operating margin -€108,425
down €108,425 (-81.3%), from €133,312 to €24,887
- Other operating charges -€43,042
down €43,042 (-94.2%), from €45,698 to €2,657
- Taxes -€21,832
down €21,832 (-89.1%), from €24,514 to €2,682
- Write-downs -€10,648
no longer reported in 2024 (was €10,648)
- Depreciation -€3,370
down €3,370 (-17.4%), from €19,381 to €16,012
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €878,178 | €668,730 | -€209,448 | -23.9% |
| Fixed assets | 21/28 | €110,139 | €85,742 | -€24,397 | -22.2% |
| Tangible fixed assets | 22/27 | €110,084 | €85,687 | -€24,397 | -22.2% |
| Plant, machinery and equipment | 23 | €94,633 | €80,853 | -€13,780 | -14.6% |
| Furniture and vehicles | 24 | €15,450 | €4,834 | -€10,617 | -68.7% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €768,039 | €582,988 | -€185,051 | -24.1% |
| Stocks and contracts in progress | 3 | €193,880 | €59,927 | -€133,952 | -69.1% |
| Stocks | 30/36 | €193,880 | €59,927 | -€133,952 | -69.1% |
| Amounts receivable within one year | 40/41 | €526,829 | €462,840 | -€63,989 | -12.1% |
| Trade receivables | 40 | €421,965 | €273,894 | -€148,071 | -35.1% |
| Other amounts receivable | 41 | €104,864 | €188,946 | +€84,082 | +80.2% |
| Cash at bank and in hand | 54/58 | €45,246 | €59,360 | +€14,114 | +31.2% |
| Deferred charges and accrued income | 490/1 | €2,085 | €861 | -€1,224 | -58.7% |
| Total equity and liabilities | 10/49 | €878,178 | €668,730 | -€209,448 | -23.9% |
| Equity | 10/15 | €424,119 | €425,145 | +€1,026 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €417,919 | €418,945 | +€1,026 | +0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €416,059 | €417,085 | +€1,026 | +0.2% |
| Amounts payable | 17/49 | €454,059 | €243,585 | -€210,475 | -46.4% |
| Amounts payable after more than one year | 17 | €11,867 | €1,703 | -€10,164 | -85.7% |
| Financial debts | 170/4 | €11,867 | €1,703 | -€10,164 | -85.7% |
| Amounts payable within one year | 42/48 | €442,193 | €241,882 | -€200,311 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €86,048 | €72,832 | -€13,216 | -15.4% |
| Trade debts | 44 | €352,884 | €165,789 | -€187,095 | -53.0% |
| Suppliers | 440/4 | €352,884 | €165,789 | -€187,095 | -53.0% |
| Taxes, remuneration and social security | 45 | €2,676 | €2,676 | = | 0.0% |
| Taxes | 450/3 | €426 | €426 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €586 | €586 | = | 0.0% |
| Non-recurring operating income | 76A | €6,598 | - | -€6,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,381 | €16,012 | -€3,370 | -17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,648 | - | -€10,648 | |
| Other operating charges | 640/8 | €45,698 | €2,657 | -€43,042 | -94.2% |
| Non-recurring operating charges | 66A | - | €1,175 | +€1,175 | |
| Gross operating margin | 9900 | €133,312 | €24,887 | -€108,425 | -81.3% |
| Operating profit (loss) | 9901 | €57,585 | €5,044 | -€52,541 | -91.2% |
| Financial income | 75/76B | €408 | €657 | +€249 | +61.1% |
| Recurring financial income | 75 | €408 | €657 | +€249 | +61.1% |
| Financial charges | 65/66B | €3,800 | €1,992 | -€1,808 | -47.6% |
| Recurring financial charges | 65 | €3,800 | €1,992 | -€1,808 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €54,192 | €3,708 | -€50,484 | -93.2% |
| Income taxes | 67/77 | €24,514 | €2,682 | -€21,832 | -89.1% |
| Profit (loss) for the period | 9904 | €29,679 | €1,026 | -€28,652 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,679 | €1,026 | -€28,652 | -96.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2023 and 31 October 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.