SERVIMED: 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.
SERVIMED
Largest movements
- Cash +€23,651
up €23,651 (+13.8%), from €171,442 to €195,093
mainly Net result for the year (+€27,451) and Depreciation (+€22,322)
- Receivables within one year -€17,978
down €17,978 (-34.8%), from €51,721 to €33,742
of which Other amounts receivable: -€22,868
- Tangible fixed assets -€17,817
down €17,817 (-42.7%), from €41,699 to €23,882
of which Furniture and vehicles: -€17,680
- Other debts -€25,664
down €25,664 (-68.2%), from €37,631 to €11,967
- Profit (loss) carried forward +€12,451
up €12,451 (+9.1%), from €136,597 to €149,047
- Tax, wage and social debts +€5,985
up €5,985 (+55.9%), from €10,697 to €16,682
of which Taxes: +€5,977
- Gross operating margin +€18,859
up €18,859 (+45.5%), from €41,416 to €60,275
- Taxes +€1,941
up €1,941 (+31.8%), from €6,113 to €8,054
- Write-downs +€1,818
new in 2025: €1,818
- Financial income -€650
down €650 (-34.2%), from €1,899 to €1,249
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 | €267,419 | €255,690 | -€11,728 | -4.4% |
| Fixed assets | 21/28 | €41,749 | €23,932 | -€17,817 | -42.7% |
| Tangible fixed assets | 22/27 | €41,699 | €23,882 | -€17,817 | -42.7% |
| Furniture and vehicles | 24 | €38,240 | €20,560 | -€17,680 | -46.2% |
| Other tangible fixed assets | 26 | €3,459 | €3,322 | -€137 | -4.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €225,670 | €231,758 | +€6,089 | +2.7% |
| Amounts receivable within one year | 40/41 | €51,721 | €33,742 | -€17,978 | -34.8% |
| Trade receivables | 40 | €16,840 | €21,730 | +€4,890 | +29.0% |
| Other amounts receivable | 41 | €34,881 | €12,013 | -€22,868 | -65.6% |
| Cash at bank and in hand | 54/58 | €171,442 | €195,093 | +€23,651 | +13.8% |
| Deferred charges and accrued income | 490/1 | €2,507 | €2,923 | +€416 | +16.6% |
| Total equity and liabilities | 10/49 | €267,419 | €255,690 | -€11,728 | -4.4% |
| Equity | 10/15 | €210,244 | €222,695 | +€12,451 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,048 | €55,048 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,188 | €18,188 | = | 0.0% |
| Distributable reserves | 133 | €36,860 | €36,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,597 | €149,047 | +€12,451 | +9.1% |
| Amounts payable | 17/49 | €57,174 | €32,996 | -€24,179 | -42.3% |
| Amounts payable within one year | 42/48 | €54,415 | €32,215 | -€22,199 | -40.8% |
| Trade debts | 44 | €6,087 | €3,567 | -€2,520 | -41.4% |
| Suppliers | 440/4 | €6,087 | €3,567 | -€2,520 | -41.4% |
| Taxes, remuneration and social security | 45 | €10,697 | €16,682 | +€5,985 | +55.9% |
| Taxes | 450/3 | €7,762 | €13,738 | +€5,977 | +77.0% |
| Remuneration and social security | 454/9 | €2,936 | €2,943 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €37,631 | €11,967 | -€25,664 | -68.2% |
| Accrued charges and deferred income | 492/3 | €2,760 | €780 | -€1,979 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,216 | €22,322 | +€107 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,818 | +€1,818 | |
| Other operating charges | 640/8 | €976 | €1,307 | +€331 | +33.9% |
| Gross operating margin | 9900 | €41,416 | €60,275 | +€18,859 | +45.5% |
| Operating profit (loss) | 9901 | €18,224 | €34,827 | +€16,603 | +91.1% |
| Financial income | 75/76B | €1,899 | €1,249 | -€650 | -34.2% |
| Recurring financial income | 75 | €1,899 | €1,249 | -€650 | -34.2% |
| Financial charges | 65/66B | €644 | €572 | -€72 | -11.1% |
| Recurring financial charges | 65 | €644 | €572 | -€72 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €19,480 | €35,505 | +€16,025 | +82.3% |
| Income taxes | 67/77 | €6,113 | €8,054 | +€1,941 | +31.8% |
| Profit (loss) for the period | 9904 | €13,367 | €27,451 | +€14,084 | +105.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,367 | €27,451 | +€14,084 | +105.4% |
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.