SERVIGO: 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.
SERVIGO
Largest movements
- Receivables within one year +€179,537
up €179,537 (+70.0%), from €256,418 to €435,955
of which Trade receivables: +€179,537
- Cash -€27,418
down €27,418 (-59.0%), from €46,454 to €19,035
mainly Contributions, distributions and other (-€419,948) and Receivables within one year (-€179,537)
- Other debts +€426,733
up €426,733 (+173%), from €246,500 to €673,233
- Reserves -€289,921
down €289,921 (-32.5%), from €891,563 to €601,643
of which Distributable reserves: -€289,921
- Trade debts +€20,934
up €20,934 (+30.9%), from €67,715 to €88,649
- Gross operating margin +€22,827
up €22,827 (+13.2%), from €173,054 to €195,881
- Taxes +€5,692
up €5,692 (+11.5%), from €49,617 to €55,308
- Financial charges +€3,712
up €3,712 (+74.1%), from €5,011 to €8,722
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.
Derived cash bridge
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 | €1,760,121 | €1,912,307 | +€152,186 | +8.6% |
| Fixed assets | 21/28 | €1,424,916 | €1,424,916 | = | 0.0% |
| Financial fixed assets | 28 | €1,424,916 | €1,424,916 | = | 0.0% |
| Current assets | 29/58 | €335,205 | €487,391 | +€152,186 | +45.4% |
| Amounts receivable within one year | 40/41 | €256,418 | €435,955 | +€179,537 | +70.0% |
| Trade receivables | 40 | €256,418 | €435,955 | +€179,537 | +70.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,454 | €19,035 | -€27,418 | -59.0% |
| Deferred charges and accrued income | 490/1 | €32,333 | €32,400 | +€67 | +0.2% |
| Total equity and liabilities | 10/49 | €1,760,121 | €1,912,307 | +€152,186 | +8.6% |
| Equity | 10/15 | €1,383,681 | €1,093,760 | -€289,921 | -21.0% |
| Contributions | 10/11 | €490,000 | €490,000 | = | 0.0% |
| Capital | 10 | €490,000 | €490,000 | = | 0.0% |
| Issued capital | 100 | €490,000 | €490,000 | = | 0.0% |
| Reserves | 13 | €891,563 | €601,643 | -€289,921 | -32.5% |
| Non-distributable reserves | 130/1 | €49,000 | €49,000 | = | 0.0% |
| Legal reserve | 130 | €49,000 | €49,000 | = | 0.0% |
| Distributable reserves | 133 | €842,563 | €552,643 | -€289,921 | -34.4% |
| Profit (loss) carried forward | 14 | €2,117 | €2,117 | = | 0.0% |
| Amounts payable | 17/49 | €376,440 | €818,547 | +€442,107 | +117% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €361,175 | €797,182 | +€436,007 | +121% |
| Current portion of amounts payable after more than one year | 42 | €16,241 | €0 | -€16,241 | -100% |
| Trade debts | 44 | €67,715 | €88,649 | +€20,934 | +30.9% |
| Suppliers | 440/4 | €67,715 | €88,649 | +€20,934 | +30.9% |
| Taxes, remuneration and social security | 45 | €30,719 | €35,301 | +€4,582 | +14.9% |
| Taxes | 450/3 | €30,719 | €35,301 | +€4,582 | +14.9% |
| Other amounts payable | 47/48 | €246,500 | €673,233 | +€426,733 | +173% |
| Accrued charges and deferred income | 492/3 | €15,265 | €21,365 | +€6,099 | +40.0% |
| Other operating charges | 640/8 | €1,172 | €1,823 | +€651 | +55.6% |
| Gross operating margin | 9900 | €173,054 | €195,881 | +€22,827 | +13.2% |
| Operating profit (loss) | 9901 | €171,882 | €194,058 | +€22,176 | +12.9% |
| Financial charges | 65/66B | €5,011 | €8,722 | +€3,712 | +74.1% |
| Recurring financial charges | 65 | €5,011 | €8,722 | +€3,712 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €166,871 | €185,335 | +€18,465 | +11.1% |
| Income taxes | 67/77 | €49,617 | €55,308 | +€5,692 | +11.5% |
| Profit (loss) for the period | 9904 | €117,254 | €130,027 | +€12,773 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,254 | €130,027 | +€12,773 | +10.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.