Servimar: 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.
Servimar
Largest movements
- Receivables within one year -€35,276
down €35,276 (-99.1%), from €35,611 to €336
of which Trade receivables: -€33,411
- Cash -€32,207
down €32,207 (-56.6%), from €56,948 to €24,741
mainly Contributions, distributions and other (-€105,352) and Accrued charges and deferred income (-€8,385)
- Current investments -€23,392
down €23,392 (-3.1%), from €753,968 to €730,576
- Reserves -€88,429
down €88,429 (-11.2%), from €786,719 to €698,290
of which Distributable reserves: -€88,429
- Gross operating margin -€24,690
down €24,690 (-37.8%), from €65,399 to €40,708
- Taxes -€11,784
down €11,784 (-55.4%), from €21,254 to €9,470
- Financial income -€10,668
down €10,668 (-71.5%), from €14,919 to €4,251
of which Financial income: -€6,168
- Financial charges +€6,800
up €6,800 (+503.7%), from €1,350 to €8,151
- Depreciation -€896
down €896 (-8.7%), from €10,269 to €9,373
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 | €881,560 | €784,202 | -€97,358 | -11.0% |
| Fixed assets | 21/28 | €33,356 | €26,716 | -€6,640 | -19.9% |
| Tangible fixed assets | 22/27 | €33,356 | €26,716 | -€6,640 | -19.9% |
| Plant, machinery and equipment | 23 | €57 | €0 | -€57 | -100.0% |
| Furniture and vehicles | 24 | €33,299 | €26,716 | -€6,584 | -19.8% |
| Current assets | 29/58 | €848,204 | €757,487 | -€90,718 | -10.7% |
| Amounts receivable within one year | 40/41 | €35,611 | €336 | -€35,276 | -99.1% |
| Trade receivables | 40 | €33,486 | €75 | -€33,411 | -99.8% |
| Other amounts receivable | 41 | €2,125 | €260 | -€1,865 | -87.7% |
| Current investments | 50/53 | €753,968 | €730,576 | -€23,392 | -3.1% |
| Cash at bank and in hand | 54/58 | €56,948 | €24,741 | -€32,207 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,834 | +€157 | +9.4% |
| Total equity and liabilities | 10/49 | €881,560 | €784,202 | -€97,358 | -11.0% |
| Equity | 10/15 | €794,159 | €705,730 | -€88,429 | -11.1% |
| Contributions | 10/11 | €7,440 | €7,440 | = | 0.0% |
| Reserves | 13 | €786,719 | €698,290 | -€88,429 | -11.2% |
| Non-distributable reserves | 130/1 | €52,625 | €52,625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €52,625 | €52,625 | = | 0.0% |
| Distributable reserves | 133 | €734,094 | €645,665 | -€88,429 | -12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €87,401 | €78,472 | -€8,929 | -10.2% |
| Amounts payable within one year | 42/48 | €6,542 | €5,998 | -€544 | -8.3% |
| Trade debts | 44 | €802 | €692 | -€110 | -13.7% |
| Suppliers | 440/4 | €802 | €692 | -€110 | -13.7% |
| Taxes, remuneration and social security | 45 | €429 | €1,189 | +€760 | +177.4% |
| Taxes | 450/3 | €429 | €1,189 | +€760 | +177.4% |
| Other amounts payable | 47/48 | €5,311 | €4,117 | -€1,194 | -22.5% |
| Accrued charges and deferred income | 492/3 | €80,859 | €72,474 | -€8,385 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,269 | €9,373 | -€896 | -8.7% |
| Other operating charges | 640/8 | €1,664 | €1,043 | -€621 | -37.3% |
| Gross operating margin | 9900 | €65,399 | €40,708 | -€24,690 | -37.8% |
| Operating profit (loss) | 9901 | €53,466 | €30,292 | -€23,174 | -43.3% |
| Financial income | 75/76B | €14,919 | €4,251 | -€10,668 | -71.5% |
| Recurring financial income | 75 | €10,419 | €4,251 | -€6,168 | -59.2% |
| Non-recurring financial income | 76B | €4,500 | €0 | -€4,500 | -100.0% |
| Financial charges | 65/66B | €1,350 | €8,151 | +€6,800 | +503.7% |
| Recurring financial charges | 65 | €1,350 | €8,151 | +€6,800 | +503.7% |
| Profit (loss) for the period before taxes | 9903 | €67,034 | €26,392 | -€40,642 | -60.6% |
| Income taxes | 67/77 | €21,254 | €9,470 | -€11,784 | -55.4% |
| Profit (loss) for the period | 9904 | €45,781 | €16,923 | -€28,858 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,781 | €16,923 | -€28,858 | -63.0% |
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 8 October 2026 via checked.be.