SERVIMMO: 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.
SERVIMMO
Largest movements
- Tangible fixed assets -€22,946
down €22,946 (-7.7%), from €297,458 to €274,512
- Deferred charges and accrued income +€3,816
up €3,816 (+262.6%), from €1,453 to €5,269
- Debts after one year -€20,337
down €20,337 (-26.4%), from €77,091 to €56,754
- Reserves +€8,800
up €8,800 (+11.1%), from €78,960 to €87,760
of which Distributable reserves: +€8,800
- Other debts -€8,118
down €8,118 (-28.0%), from €29,000 to €20,882
- Gross operating margin +€13,425
up €13,425 (+43.5%), from €30,834 to €44,259
- Taxes +€4,626
up €4,626 (+201.3%), from €2,298 to €6,924
- Financial income +€1,001
up €1,001 (+100100.0%), from €1 to €1,002
of which Non-recurring financial income: +€1,000
- Financial charges -€893
down €893 (-31.1%), from €2,872 to €1,979
- Depreciation -€511
down €511 (-2.0%), from €24,952 to €24,441
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 | €319,416 | €302,316 | -€17,100 | -5.4% |
| Fixed assets | 21/28 | €297,458 | €274,512 | -€22,946 | -7.7% |
| Tangible fixed assets | 22/27 | €297,458 | €274,512 | -€22,946 | -7.7% |
| Land and buildings | 22 | €127,362 | €123,152 | -€4,210 | -3.3% |
| Plant, machinery and equipment | 23 | €134,974 | €125,089 | -€9,885 | -7.3% |
| Furniture and vehicles | 24 | €35,122 | €26,271 | -€8,851 | -25.2% |
| Current assets | 29/58 | €21,958 | €27,804 | +€5,846 | +26.6% |
| Amounts receivable within one year | 40/41 | €19,634 | €19,013 | -€621 | -3.2% |
| Trade receivables | 40 | - | €281 | +€281 | |
| Other amounts receivable | 41 | €19,634 | €18,732 | -€902 | -4.6% |
| Cash at bank and in hand | 54/58 | €871 | €3,522 | +€2,651 | +304.4% |
| Deferred charges and accrued income | 490/1 | €1,453 | €5,269 | +€3,816 | +262.6% |
| Total equity and liabilities | 10/49 | €319,416 | €302,316 | -€17,100 | -5.4% |
| Equity | 10/15 | €192,689 | €201,600 | +€8,911 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,960 | €87,760 | +€8,800 | +11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,100 | €85,900 | +€8,800 | +11.4% |
| Profit (loss) carried forward | 14 | €107,529 | €107,640 | +€111 | +0.1% |
| Amounts payable | 17/49 | €126,727 | €100,716 | -€26,011 | -20.5% |
| Amounts payable after more than one year | 17 | €77,091 | €56,754 | -€20,337 | -26.4% |
| Financial debts | 170/4 | €77,091 | €56,754 | -€20,337 | -26.4% |
| Amounts payable within one year | 42/48 | €49,636 | €43,962 | -€5,674 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €20,193 | €22,672 | +€2,479 | +12.3% |
| Trade debts | 44 | €443 | €158 | -€285 | -64.3% |
| Suppliers | 440/4 | €443 | €158 | -€285 | -64.3% |
| Taxes, remuneration and social security | 45 | - | €250 | +€250 | |
| Taxes | 450/3 | - | €250 | +€250 | |
| Other amounts payable | 47/48 | €29,000 | €20,882 | -€8,118 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,952 | €24,441 | -€511 | -2.0% |
| Other operating charges | 640/8 | €2,109 | €2,173 | +€64 | +3.0% |
| Gross operating margin | 9900 | €30,834 | €44,259 | +€13,425 | +43.5% |
| Operating profit (loss) | 9901 | €3,773 | €17,645 | +€13,872 | +367.7% |
| Financial income | 75/76B | €1 | €1,002 | +€1,001 | +100100.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +100.0% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €2,872 | €1,979 | -€893 | -31.1% |
| Recurring financial charges | 65 | €2,872 | €1,979 | -€893 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €902 | €16,668 | +€15,766 | +1747.9% |
| Income taxes | 67/77 | €2,298 | €6,924 | +€4,626 | +201.3% |
| Profit (loss) for the period | 9904 | -€1,396 | €9,744 | +€11,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,396 | €9,744 | +€11,140 |
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 6 October 2026 via checked.be.