Serviflex: 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.
Serviflex
Largest movements
- Receivables within one year -€503,472
down €503,472 (-36.1%), from €1.4m to €892,489
of which Trade receivables: -€459,394
- Receivables after one year -€300,000
no longer reported in 2024 (was €300,000)
- Stocks and contracts -€177,624
down €177,624 (-20.7%), from €857,138 to €679,514
- Cash -€56,560
down €56,560 (-99.3%), from €56,938 to €378
mainly Trade debts (-€722,909) and Short-term financial debts (-€257,884)
- Tangible fixed assets -€33,641
down €33,641 (-11.2%), from €299,794 to €266,152
- Trade debts -€722,909
down €722,909 (-60.5%), from €1.2m to €472,429
- Short-term financial debts -€257,884
down €257,884 (-29.9%), from €861,481 to €603,597
- Other debts -€97,155
down €97,155 (-49.5%), from €196,121 to €98,966
- Tax, wage and social debts -€95,045
down €95,045 (-42.8%), from €222,089 to €127,044
of which Taxes: -€104,465
- Reserves +€42,811
up €42,811 (+17.3%), from €247,132 to €289,943
of which Distributable reserves: +€42,811
- Financial charges +€327,982
up €327,982 (+687%), from €47,769 to €375,751
of which Non-recurring financial charges: +€312,434
- Gross operating margin +€306,234
up €306,234 (+55.1%), from €555,503 to €861,737
- Staff costs +€22,317
up €22,317 (+6.8%), from €330,584 to €352,902
- Other operating charges +€21,582
up €21,582 (+138%), from €15,660 to €37,242
- Taxes -€20,060
down €20,060 (-51.8%), from €38,705 to €18,645
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.
Derived cash bridge
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 | €2,951,028 | €1,852,662 | -€1.1m | -37.2% |
| Fixed assets | 21/28 | €313,809 | €277,660 | -€36,149 | -11.5% |
| Intangible fixed assets | 21 | €10,318 | €7,810 | -€2,508 | -24.3% |
| Tangible fixed assets | 22/27 | €299,794 | €266,152 | -€33,641 | -11.2% |
| Land and buildings | 22 | €215,702 | €203,210 | -€12,492 | -5.8% |
| Plant, machinery and equipment | 23 | €52,482 | €39,045 | -€13,437 | -25.6% |
| Furniture and vehicles | 24 | €19,194 | €14,101 | -€5,093 | -26.5% |
| Other tangible fixed assets | 26 | €12,416 | €9,796 | -€2,619 | -21.1% |
| Financial fixed assets | 28 | €3,698 | €3,698 | = | 0.0% |
| Current assets | 29/58 | €2,637,219 | €1,575,001 | -€1.1m | -40.3% |
| Amounts receivable after more than one year | 29 | €300,000 | - | -€300,000 | |
| Other amounts receivable | 291 | €300,000 | - | -€300,000 | |
| Stocks and contracts in progress | 3 | €857,138 | €679,514 | -€177,624 | -20.7% |
| Stocks | 30/36 | €857,138 | €679,514 | -€177,624 | -20.7% |
| Amounts receivable within one year | 40/41 | €1,395,961 | €892,489 | -€503,472 | -36.1% |
| Trade receivables | 40 | €1,323,813 | €864,419 | -€459,394 | -34.7% |
| Other amounts receivable | 41 | €72,148 | €28,071 | -€44,077 | -61.1% |
| Cash at bank and in hand | 54/58 | €56,938 | €378 | -€56,560 | -99.3% |
| Deferred charges and accrued income | 490/1 | €27,181 | €2,619 | -€24,562 | -90.4% |
| Total equity and liabilities | 10/49 | €2,951,028 | €1,852,662 | -€1.1m | -37.2% |
| Equity | 10/15 | €253,492 | €296,303 | +€42,811 | +16.9% |
| Contributions | 10/11 | €6,360 | €6,360 | = | 0.0% |
| Reserves | 13 | €247,132 | €289,943 | +€42,811 | +17.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €272 | €272 | = | 0.0% |
| Distributable reserves | 133 | €245,000 | €287,811 | +€42,811 | +17.5% |
| Amounts payable | 17/49 | €2,697,536 | €1,556,359 | -€1.1m | -42.3% |
| Amounts payable after more than one year | 17 | €200,902 | €238,942 | +€38,039 | +18.9% |
| Financial debts | 170/4 | €200,902 | €238,942 | +€38,039 | +18.9% |
| Amounts payable within one year | 42/48 | €2,496,634 | €1,317,417 | -€1.2m | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €21,606 | €15,381 | -€6,225 | -28.8% |
| Financial debts | 43 | €861,481 | €603,597 | -€257,884 | -29.9% |
| Credit institutions | 430/8 | €861,481 | €603,597 | -€257,884 | -29.9% |
| Trade debts | 44 | €1,195,337 | €472,429 | -€722,909 | -60.5% |
| Suppliers | 440/4 | €1,195,337 | €472,429 | -€722,909 | -60.5% |
| Taxes, remuneration and social security | 45 | €222,089 | €127,044 | -€95,045 | -42.8% |
| Taxes | 450/3 | €188,890 | €84,425 | -€104,465 | -55.3% |
| Remuneration and social security | 454/9 | €33,200 | €42,619 | +€9,419 | +28.4% |
| Other amounts payable | 47/48 | €196,121 | €98,966 | -€97,155 | -49.5% |
| Remuneration, social security and pensions | 62 | €330,584 | €352,902 | +€22,317 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,624 | €36,149 | +€4,525 | +14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,530 | €160 | -€1,370 | -89.5% |
| Other operating charges | 640/8 | €15,660 | €37,242 | +€21,582 | +138% |
| Gross operating margin | 9900 | €555,503 | €861,737 | +€306,234 | +55.1% |
| Operating profit (loss) | 9901 | €176,106 | €435,284 | +€259,179 | +147% |
| Financial income | 75/76B | €10,099 | €1,922 | -€8,177 | -81.0% |
| Recurring financial income | 75 | €10,099 | €1,922 | -€8,177 | -81.0% |
| Financial charges | 65/66B | €47,769 | €375,751 | +€327,982 | +687% |
| Recurring financial charges | 65 | €47,769 | €63,316 | +€15,547 | +32.5% |
| Non-recurring financial charges | 66B | - | €312,434 | +€312,434 | |
| Profit (loss) for the period before taxes | 9903 | €138,435 | €61,456 | -€76,979 | -55.6% |
| Income taxes | 67/77 | €38,705 | €18,645 | -€20,060 | -51.8% |
| Profit (loss) for the period | 9904 | €99,730 | €42,811 | -€56,919 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,730 | €42,811 | -€56,919 | -57.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.