SERVIGEL: 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.
SERVIGEL
Largest movements
- Tangible fixed assets -€23,235
down €23,235 (-7.0%), from €329,832 to €306,597
of which Land and buildings: -€17,729
- Debts after one year -€16,313
down €16,313 (-8.2%), from €198,608 to €182,295
- Other debts -€6,222
down €6,222 (-23.7%), from €26,221 to €20,000
- Profit (loss) carried forward -€4,633
down €4,633 (-19.5%), from €23,794 to €19,162
- Other operating charges -€2,583
down €2,583 (-45.1%), from €5,724 to €3,141
- Gross operating margin +€2,541
up €2,541 (+11.1%), from €22,854 to €25,395
- Taxes -€1,880
no longer reported in 2025 (was €1,880)
- Financial charges -€1,652
down €1,652 (-31.1%), from €5,303 to €3,652
- Financial income -€413
no longer reported in 2025 (was €413)
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 | €336,216 | €309,869 | -€26,347 | -7.8% |
| Fixed assets | 21/28 | €329,832 | €306,597 | -€23,235 | -7.0% |
| Tangible fixed assets | 22/27 | €329,832 | €306,597 | -€23,235 | -7.0% |
| Land and buildings | 22 | €311,658 | €293,929 | -€17,729 | -5.7% |
| Plant, machinery and equipment | 23 | €9,719 | €8,535 | -€1,184 | -12.2% |
| Furniture and vehicles | 24 | €8,455 | €4,132 | -€4,323 | -51.1% |
| Current assets | 29/58 | €6,384 | €3,272 | -€3,112 | -48.7% |
| Cash at bank and in hand | 54/58 | €6,384 | €3,272 | -€3,112 | -48.7% |
| Total equity and liabilities | 10/49 | €336,216 | €309,869 | -€26,347 | -7.8% |
| Equity | 10/15 | €95,114 | €90,481 | -€4,633 | -4.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €9,346 | €9,346 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €3,149 | €3,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,794 | €19,162 | -€4,633 | -19.5% |
| Amounts payable | 17/49 | €241,102 | €219,388 | -€21,714 | -9.0% |
| Amounts payable after more than one year | 17 | €198,608 | €182,295 | -€16,313 | -8.2% |
| Financial debts | 170/4 | €198,608 | €182,295 | -€16,313 | -8.2% |
| Amounts payable within one year | 42/48 | €42,494 | €37,093 | -€5,400 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €15,356 | €16,313 | +€957 | +6.2% |
| Trade debts | 44 | €916 | €780 | -€136 | -14.8% |
| Suppliers | 440/4 | €916 | €780 | -€136 | -14.8% |
| Other amounts payable | 47/48 | €26,221 | €20,000 | -€6,222 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,607 | €23,235 | -€372 | -1.6% |
| Other operating charges | 640/8 | €5,724 | €3,141 | -€2,583 | -45.1% |
| Gross operating margin | 9900 | €22,854 | €25,395 | +€2,541 | +11.1% |
| Operating profit (loss) | 9901 | -€6,478 | -€981 | +€5,496 | +84.9% |
| Financial income | 75/76B | €413 | - | -€413 | |
| Recurring financial income | 75 | €413 | - | -€413 | |
| Financial charges | 65/66B | €5,303 | €3,652 | -€1,652 | -31.1% |
| Recurring financial charges | 65 | €5,303 | €3,652 | -€1,652 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,368 | -€4,633 | +€6,735 | +59.2% |
| Income taxes | 67/77 | €1,880 | - | -€1,880 | |
| Profit (loss) for the period | 9904 | -€13,249 | -€4,633 | +€8,616 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,249 | -€4,633 | +€8,616 | +65.0% |
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 28 September 2026 via checked.be.