SERVILEX: 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.
SERVILEX
Largest movements
- Intangible fixed assets +€435,410
up €435,410 (+27.0%), from €1.6m to €2.1m
- Receivables within one year +€103,065
up €103,065 (+51.3%), from €200,816 to €303,881
of which Trade receivables: +€103,065
- Tangible fixed assets -€55,615
down €55,615 (-30.6%), from €181,640 to €126,025
of which Plant, machinery and equipment: -€58,654
- Reserves +€432,290
up €432,290 (+22.1%), from €2.0m to €2.4m
- Trade debts +€92,389
up €92,389 (+67.4%), from €137,016 to €229,405
- Tax, wage and social debts +€44,126
up €44,126 (+90.6%), from €48,726 to €92,852
of which Taxes: +€45,425
- Advances received -€33,255
down €33,255 (-18.0%), from €184,992 to €151,737
- Gross operating margin +€37,626
up €37,626 (+3.9%), from €966,770 to €1.0m
- Depreciation +€34,259
up €34,259 (+15.0%), from €228,849 to €263,108
- Staff costs +€11,541
up €11,541 (+10.9%), from €105,846 to €117,387
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 | €2,802,853 | €3,321,396 | +€518,542 | +18.5% |
| Formation expenses | 20 | €217 | - | -€217 | |
| Fixed assets | 21/28 | €1,796,854 | €2,176,650 | +€379,796 | +21.1% |
| Intangible fixed assets | 21 | €1,615,214 | €2,050,624 | +€435,410 | +27.0% |
| Tangible fixed assets | 22/27 | €181,640 | €126,025 | -€55,615 | -30.6% |
| Plant, machinery and equipment | 23 | €177,001 | €118,347 | -€58,654 | -33.1% |
| Furniture and vehicles | 24 | €4,639 | €7,678 | +€3,040 | +65.5% |
| Current assets | 29/58 | €1,005,783 | €1,144,746 | +€138,963 | +13.8% |
| Amounts receivable within one year | 40/41 | €200,816 | €303,881 | +€103,065 | +51.3% |
| Trade receivables | 40 | €200,741 | €303,806 | +€103,065 | +51.3% |
| Other amounts receivable | 41 | €75 | €75 | = | 0.0% |
| Current investments | 50/53 | €412,000 | €429,668 | +€17,668 | +4.3% |
| Cash at bank and in hand | 54/58 | €370,902 | €377,622 | +€6,720 | +1.8% |
| Deferred charges and accrued income | 490/1 | €22,064 | €33,575 | +€11,511 | +52.2% |
| Total equity and liabilities | 10/49 | €2,802,853 | €3,321,396 | +€518,542 | +18.5% |
| Equity | 10/15 | €1,974,445 | €2,406,735 | +€432,290 | +21.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €1,956,445 | €2,388,735 | +€432,290 | +22.1% |
| Distributable reserves | 133 | €1,956,445 | €2,388,735 | +€432,290 | +22.1% |
| Amounts payable | 17/49 | €828,408 | €914,661 | +€86,253 | +10.4% |
| Amounts payable within one year | 42/48 | €821,489 | €909,449 | +€87,960 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €450,650 | €435,348 | -€15,302 | -3.4% |
| Trade debts | 44 | €137,016 | €229,405 | +€92,389 | +67.4% |
| Suppliers | 440/4 | €137,016 | €229,405 | +€92,389 | +67.4% |
| Advances received on contracts in progress | 46 | €184,992 | €151,737 | -€33,255 | -18.0% |
| Taxes, remuneration and social security | 45 | €48,726 | €92,852 | +€44,126 | +90.6% |
| Taxes | 450/3 | €31,139 | €76,564 | +€45,425 | +145.9% |
| Remuneration and social security | 454/9 | €17,587 | €16,288 | -€1,299 | -7.4% |
| Other amounts payable | 47/48 | €105 | €107 | +€2 | +2.0% |
| Accrued charges and deferred income | 492/3 | €6,919 | €5,212 | -€1,707 | -24.7% |
| Remuneration, social security and pensions | 62 | €105,846 | €117,387 | +€11,541 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,849 | €263,108 | +€34,259 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,052 | - | +€2,052 | |
| Other operating charges | 640/8 | €2,232 | €2,296 | +€64 | +2.8% |
| Non-recurring operating charges | 66A | €2,052 | - | -€2,052 | |
| Gross operating margin | 9900 | €966,770 | €1,004,396 | +€37,626 | +3.9% |
| Operating profit (loss) | 9901 | €629,843 | €621,605 | -€8,238 | -1.3% |
| Financial income | 75/76B | €16,007 | €20,473 | +€4,466 | +27.9% |
| Recurring financial income | 75 | €16,007 | €20,473 | +€4,466 | +27.9% |
| Financial charges | 65/66B | €6,630 | €7,159 | +€530 | +8.0% |
| Recurring financial charges | 65 | €6,630 | €7,159 | +€530 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €639,220 | €634,918 | -€4,302 | -0.7% |
| Income taxes | 67/77 | €204,149 | €202,628 | -€1,521 | -0.7% |
| Profit (loss) for the period | 9904 | €435,071 | €432,290 | -€2,781 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €435,071 | €432,290 | -€2,781 | -0.6% |
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 10 October 2026 via checked.be.