SERVIMAT: 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.
What changed
SERVIMAT
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,073
2024 · €17,339+€39,734
Equity
€5.8m
2024 · €5.8m+€45,582
Cash
€1.3m
2024 · €1.4m-€102,366
Balance sheet total
€7.9m
2024 · €6.8m+€1.0m
Largest movements
Assets
- Stocks and contracts +€1.6m
up €1.6m (+61.9%), from €2.6m to €4.1m
- Tangible fixed assets -€260,214
down €260,214 (-19.6%), from €1.3m to €1.1m
of which Furniture and vehicles: -€243,387
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash -€102,366
down €102,366 (-7.5%), from €1.4m to €1.3m
mainly Stocks and contracts (-€1.6m) and Investment in fixed assets (net) (-€105,214)
Equity and liabilities
- Trade debts +€956,274
up €956,274 (+101.1%), from €946,092 to €1.9m
Income statement
- Gross operating margin +€260,260
up €260,260 (+14.4%), from €1.8m to €2.1m
- Staff costs +€210,087
up €210,087 (+16.3%), from €1.3m to €1.5m
- Provisions +€185,196
no longer reported in 2025 (was -€185,196)
- Taxes -€167,464
down €167,464 (-76.0%), from €220,218 to €52,754
- Depreciation -€50,673
down €50,673 (-12.1%), from €418,158 to €367,485
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.
Result 2024
€17,339
Gross operating margin
+€260,260
Staff costs
-€210,087
Depreciation
+€50,673
Provisions
-€185,196
Other operating charges
-€1,939
Other operating items
+€218
Financial income
-€18,184
Financial charges
-€23,475
Taxes
+€167,464
Result 2025
€57,073
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.
From operations
-€173,673
Investment
+€44,786
Financing
+€26,521
Cash 2024
€1.4m
From operations (derived)
-€173,673
Net result for the year
+€57,073
Depreciation
+€367,485
Stocks and contracts
-€1.6m
Receivables within one year
+€38,128
Trade debts
+€956,274
Tax, wage and social debts
-€14,726
Other debts
+€7,775
Investment (derived)
+€44,786
Investment in fixed assets (net)
-€105,214
Current investments
+€150,000
Financing
+€26,521
Current portion of long-term debt
+€38,012
Contributions, distributions and other
-€11,491
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,847,603 | €7,880,520 | +€1.0m | +15.1% |
| Fixed assets | 21/28 | €1,342,265 | €1,079,994 | -€262,271 | -19.5% |
| Intangible fixed assets | 21 | €8,826 | €6,769 | -€2,057 | -23.3% |
| Tangible fixed assets | 22/27 | €1,330,499 | €1,070,285 | -€260,214 | -19.6% |
| Land and buildings | 22 | €287,085 | €321,540 | +€34,455 | +12.0% |
| Plant, machinery and equipment | 23 | €235,517 | €184,235 | -€51,282 | -21.8% |
| Furniture and vehicles | 24 | €807,897 | €564,510 | -€243,387 | -30.1% |
| Financial fixed assets | 28 | €2,940 | €2,940 | = | 0.0% |
| Current assets | 29/58 | €5,505,338 | €6,800,526 | +€1.3m | +23.5% |
| Stocks and contracts in progress | 3 | €2,561,707 | €4,147,389 | +€1.6m | +61.9% |
| Stocks | 30/36 | €2,561,707 | €4,147,389 | +€1.6m | +61.9% |
| Amounts receivable within one year | 40/41 | €1,425,373 | €1,387,245 | -€38,128 | -2.7% |
| Trade receivables | 40 | €1,216,687 | €1,105,738 | -€110,949 | -9.1% |
| Other amounts receivable | 41 | €208,686 | €281,507 | +€72,821 | +34.9% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €1,367,800 | €1,265,434 | -€102,366 | -7.5% |
| Deferred charges and accrued income | 490/1 | €458 | €458 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,847,603 | €7,880,520 | +€1.0m | +15.1% |
| Equity | 10/15 | €5,762,765 | €5,808,347 | +€45,582 | +0.8% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Reserves | 13 | €866,200 | €866,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €170,000 | €170,000 | = | 0.0% |
| Legal reserve | 130 | €170,000 | €170,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €527,800 | €527,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,185,074 | €3,242,147 | +€57,073 | +1.8% |
| Investment grants | 15 | €11,491 | - | -€11,491 | |
| Amounts payable | 17/49 | €1,084,838 | €2,072,173 | +€987,335 | +91.0% |
| Amounts payable within one year | 42/48 | €1,084,838 | €2,072,173 | +€987,335 | +91.0% |
| Current portion of amounts payable after more than one year | 42 | - | €38,012 | +€38,012 | |
| Trade debts | 44 | €946,092 | €1,902,366 | +€956,274 | +101.1% |
| Suppliers | 440/4 | €946,092 | €1,902,366 | +€956,274 | +101.1% |
| Taxes, remuneration and social security | 45 | €138,263 | €123,537 | -€14,726 | -10.7% |
| Remuneration and social security | 454/9 | €138,263 | €123,537 | -€14,726 | -10.7% |
| Other amounts payable | 47/48 | €483 | €8,258 | +€7,775 | +1609.7% |
| Remuneration, social security and pensions | 62 | €1,285,386 | €1,495,473 | +€210,087 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418,158 | €367,485 | -€50,673 | -12.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€185,196 | - | +€185,196 | |
| Other operating charges | 640/8 | €70,164 | €72,103 | +€1,939 | +2.8% |
| Non-recurring operating charges | 66A | €536 | €318 | -€218 | -40.7% |
| Gross operating margin | 9900 | €1,802,610 | €2,062,870 | +€260,260 | +14.4% |
| Operating profit (loss) | 9901 | €213,562 | €127,491 | -€86,071 | -40.3% |
| Financial income | 75/76B | €57,368 | €39,184 | -€18,184 | -31.7% |
| Recurring financial income | 75 | €57,368 | €39,184 | -€18,184 | -31.7% |
| Financial charges | 65/66B | €33,373 | €56,848 | +€23,475 | +70.3% |
| Recurring financial charges | 65 | €33,373 | €56,848 | +€23,475 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €237,557 | €109,827 | -€127,730 | -53.8% |
| Income taxes | 67/77 | €220,218 | €52,754 | -€167,464 | -76.0% |
| Profit (loss) for the period | 9904 | €17,339 | €57,073 | +€39,734 | +229.2% |
| Transfer from tax-exempt reserves | 789 | €527,800 | - | -€527,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €545,139 | €57,073 | -€488,066 | -89.5% |
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 5 October 2026 via checked.be.