SERVINT: 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
SERVINT
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.8m
2024 · €41.8m-€44.6m
Equity
€134.5m
2024 · €137.3m-€2.8m
Cash
€82.8m
2024 · €111,762+€82.7m
Balance sheet total
€134.6m
2024 · €138.6m-€4.0m
Largest movements
Assets
- Current investments -€87.2m
down €87.2m (-63.2%), from €138.0m to €50.7m
- Cash +€82.7m
up €82.7m (+73958.3%), from €111,762 to €82.8m
mainly Current investments (+€87.2m) and Deferred charges and accrued income (+€439,956)
Equity and liabilities
- Profit (loss) carried forward -€2.8m
down €2.8m (-2.2%), from €130.1m to €127.2m
Income statement
- Financial income -€39.4m
down €39.4m (-84.0%), from €46.9m to €7.5m
- Financial charges +€6.6m
up €6.6m (+198.1%), from €3.3m to €9.9m
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
€41.8m
Other operating charges
+€160,518
Other operating items
+€24,683
Financial income
-€39.4m
Financial charges
-€6.6m
Taxes
+€1.2m
Result 2025
-€2.8m
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
-€4.4m
Investment
+€87.2m
Financing
-€148,197
Cash 2024
€111,762
From operations (derived)
-€4.4m
Net result for the year
-€2.8m
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€439,956
Smaller working-capital items
-€46,161
Accrued charges and deferred income
-€974,960
Investment (derived)
+€87.2m
Current investments
+€87.2m
Financing
-€148,197
Short-term financial debts
-€148,197
Cash 2025
€82.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,642,933 | €134,645,141 | -€4.0m | -2.9% |
| Current assets | 29/58 | €138,642,933 | €134,645,141 | -€4.0m | -2.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €119,249 | €1,126,809 | +€1.0m | +844.9% |
| Other amounts receivable | 41 | €119,249 | €1,126,809 | +€1.0m | +844.9% |
| Current investments | 50/53 | €137,966,420 | €50,743,730 | -€87.2m | -63.2% |
| Other investments | 51/53 | €137,966,420 | €50,743,730 | -€87.2m | -63.2% |
| Cash at bank and in hand | 54/58 | €111,762 | €82,769,055 | +€82.7m | +73958.3% |
| Deferred charges and accrued income | 490/1 | €445,502 | €5,546 | -€439,956 | -98.8% |
| Total equity and liabilities | 10/49 | €138,642,933 | €134,645,141 | -€4.0m | -2.9% |
| Equity | 10/15 | €137,342,578 | €134,514,104 | -€2.8m | -2.1% |
| Contributions | 10/11 | €7,265,522 | €7,265,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,077,056 | €127,248,582 | -€2.8m | -2.2% |
| Amounts payable | 17/49 | €1,300,354 | €131,036 | -€1.2m | -89.9% |
| Amounts payable within one year | 42/48 | €275,094 | €80,736 | -€194,358 | -70.7% |
| Financial debts | 43 | €148,197 | €0 | -€148,197 | -100.0% |
| Credit institutions | 430/8 | €148,197 | €0 | -€148,197 | -100.0% |
| Trade debts | 44 | €119,171 | €80,736 | -€38,435 | -32.3% |
| Suppliers | 440/4 | €119,171 | €80,736 | -€38,435 | -32.3% |
| Taxes, remuneration and social security | 45 | €7,727 | €0 | -€7,727 | -100.0% |
| Taxes | 450/3 | €7,727 | €0 | -€7,727 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,025,260 | €50,301 | -€974,960 | -95.1% |
| Operating charges | 60/66A | €549,017 | €363,816 | -€185,201 | -33.7% |
| Services and other goods | 61 | €334,815 | €310,132 | -€24,683 | -7.4% |
| Other operating charges | 640/8 | €214,202 | €53,684 | -€160,518 | -74.9% |
| Operating profit (loss) | 9901 | -€549,017 | -€363,816 | +€185,201 | +33.7% |
| Financial income | 75/76B | €46,930,573 | €7,509,286 | -€39.4m | -84.0% |
| Recurring financial income | 75 | €46,930,573 | €7,509,286 | -€39.4m | -84.0% |
| Income from current assets | 751 | €1,512,945 | €4,410,163 | +€2.9m | +191.5% |
| Other financial income | 752/9 | €45,417,628 | €3,099,123 | -€42.3m | -93.2% |
| Financial charges | 65/66B | €3,318,656 | €9,892,310 | +€6.6m | +198.1% |
| Recurring financial charges | 65 | €3,318,656 | €9,892,310 | +€6.6m | +198.1% |
| Debt charges | 650 | €236 | €898 | +€662 | +280.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€444,996 | -€2,118,234 | -€1.7m | -376.0% |
| Other financial charges | 652/9 | €3,763,415 | €12,009,647 | +€8.2m | +219.1% |
| Profit (loss) for the period before taxes | 9903 | €43,062,900 | -€2,746,840 | -€45.8m | |
| Income taxes | 67/77 | €1,294,334 | €81,634 | -€1.2m | -93.7% |
| Taxes | 670/3 | €1,294,334 | €81,634 | -€1.2m | -93.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €41,768,566 | -€2,828,474 | -€44.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €41,768,566 | -€2,828,474 | -€44.6m |
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 3 October 2026 via checked.be.