SERVIMULTI: 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.
SERVIMULTI
Largest movements
- Receivables within one year -€44,270
down €44,270 (-30.7%), from €143,978 to €99,708
of which Trade receivables: -€49,610
- Cash -€20,501
down €20,501 (-72.9%), from €28,121 to €7,620
mainly Contributions, distributions and other (-€60,000) and Trade debts (-€46,774)
- Tangible fixed assets -€6,750
down €6,750 (-64.0%), from €10,549 to €3,799
of which Plant, machinery and equipment: -€6,425
- Trade debts -€46,774
down €46,774 (-65.5%), from €71,432 to €24,657
- Reserves -€46,000
down €46,000 (-100%), from €46,000 to €0
- Other debts +€34,132
up €34,132 (+161%), from €21,242 to €55,374
- Profit (loss) carried forward -€6,988
down €6,988 (-22.6%), from €30,942 to €23,954
- Tax, wage and social debts -€6,291
down €6,291 (-57.6%), from €10,928 to €4,637
- Gross operating margin -€12,534
down €12,534 (-42.3%), from €29,658 to €17,123
- Taxes -€1,408
down €1,408 (-37.2%), from €3,790 to €2,382
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.
Derived cash bridge
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 | €183,544 | €111,622 | -€71,921 | -39.2% |
| Fixed assets | 21/28 | €11,444 | €4,294 | -€7,150 | -62.5% |
| Intangible fixed assets | 21 | €895 | €495 | -€400 | -44.7% |
| Tangible fixed assets | 22/27 | €10,549 | €3,799 | -€6,750 | -64.0% |
| Plant, machinery and equipment | 23 | €7,622 | €1,197 | -€6,425 | -84.3% |
| Furniture and vehicles | 24 | €2,927 | €2,602 | -€325 | -11.1% |
| Current assets | 29/58 | €172,099 | €107,328 | -€64,771 | -37.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €143,978 | €99,708 | -€44,270 | -30.7% |
| Trade receivables | 40 | €142,793 | €93,183 | -€49,610 | -34.7% |
| Other amounts receivable | 41 | €1,185 | €6,525 | +€5,340 | +451% |
| Cash at bank and in hand | 54/58 | €28,121 | €7,620 | -€20,501 | -72.9% |
| Total equity and liabilities | 10/49 | €183,544 | €111,622 | -€71,921 | -39.2% |
| Equity | 10/15 | €79,942 | €26,954 | -€52,988 | -66.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €0 | -€46,000 | -100% |
| Distributable reserves | 133 | €46,000 | €0 | -€46,000 | -100% |
| Profit (loss) carried forward | 14 | €30,942 | €23,954 | -€6,988 | -22.6% |
| Amounts payable | 17/49 | €103,601 | €84,668 | -€18,933 | -18.3% |
| Amounts payable within one year | 42/48 | €103,601 | €84,668 | -€18,933 | -18.3% |
| Trade debts | 44 | €71,432 | €24,657 | -€46,774 | -65.5% |
| Suppliers | 440/4 | €71,432 | €24,657 | -€46,774 | -65.5% |
| Taxes, remuneration and social security | 45 | €10,928 | €4,637 | -€6,291 | -57.6% |
| Taxes | 450/3 | €10,928 | €4,637 | -€6,291 | -57.6% |
| Other amounts payable | 47/48 | €21,242 | €55,374 | +€34,132 | +161% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,150 | €7,150 | = | 0.0% |
| Other operating charges | 640/8 | €527 | €400 | -€128 | -24.2% |
| Gross operating margin | 9900 | €29,658 | €17,123 | -€12,534 | -42.3% |
| Operating profit (loss) | 9901 | €21,980 | €9,573 | -€12,407 | -56.4% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €163 | €182 | +€20 | +12.1% |
| Recurring financial charges | 65 | €163 | €182 | +€20 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €21,817 | €9,393 | -€12,424 | -56.9% |
| Income taxes | 67/77 | €3,790 | €2,382 | -€1,408 | -37.2% |
| Profit (loss) for the period | 9904 | €18,028 | €7,012 | -€11,016 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,028 | €7,012 | -€11,016 | -61.1% |
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 16 October 2026 via checked.be.