SERVINVEST: 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.
SERVINVEST
Largest movements
- Tangible fixed assets -€177,385
down €177,385 (-63.7%), from €278,365 to €100,981
- Debts -€262,921
down €262,921 (-30.8%), from €853,092 to €590,170
of which Debts after one year: -€225,000
- Equity +€71,689
up €71,689 (+95.9%), from €74,776 to €146,465
of which Reserves: +€66,509
- Provisions +€21,642
up €21,642 (+107%), from €20,312 to €41,954
- Gross operating margin +€59,837
up €59,837 (+114%), from €52,667 to €112,504
- Financial charges +€18,441
new in 2021: €18,441
- Financial income +€17,533
new in 2021: €17,533
- Taxes -€14,164
down €14,164 (-83.3%), from €17,008 to €2,844
- Depreciation -€6,359
down €6,359 (-55.8%), from €11,387 to €5,028
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,179 | €778,589 | -€169,590 | -17.9% |
| Fixed assets | 21/28 | €638,365 | €460,981 | -€177,385 | -27.8% |
| Tangible fixed assets | 22/27 | €278,365 | €100,981 | -€177,385 | -63.7% |
| Land and buildings | 22 | - | €84,432 | +€84,432 | |
| Plant, machinery and equipment | 23 | - | €1,410 | +€1,410 | |
| Furniture and vehicles | 24 | - | €15,138 | +€15,138 | |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €309,813 | €317,609 | +€7,795 | +2.5% |
| Amounts receivable within one year | 40/41 | €279,579 | €283,874 | +€4,295 | +1.5% |
| Trade receivables | 40 | - | €4,883 | +€4,883 | |
| Other amounts receivable | 41 | - | €278,990 | +€278,990 | |
| Cash at bank and in hand | 54/58 | €5,375 | €15,086 | +€9,711 | +181% |
| Deferred charges and accrued income | 490/1 | - | €18,649 | +€18,649 | |
| Total equity and liabilities | 10/49 | €948,179 | €778,589 | -€169,590 | -17.9% |
| Equity | 10/15 | €74,776 | €146,465 | +€71,689 | +95.9% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €40,899 | €107,409 | +€66,509 | +163% |
| Non-distributable reserves | 130/1 | - | €1,453 | +€1,453 | |
| Reserves not available under the articles | 1311 | - | €1,453 | +€1,453 | |
| Tax-exempt reserves | 132 | - | €105,956 | +€105,956 | |
| Profit (loss) carried forward | 14 | €21,476 | €26,656 | +€5,180 | +24.1% |
| Provisions and deferred taxes | 16 | €20,312 | €41,954 | +€21,642 | +107% |
| Deferred taxes | 168 | - | €41,954 | +€41,954 | |
| Amounts payable | 17/49 | €853,092 | €590,170 | -€262,921 | -30.8% |
| Amounts payable after more than one year | 17 | €434,560 | €209,561 | -€225,000 | -51.8% |
| Financial debts | 170/4 | - | €209,561 | +€209,561 | |
| Amounts payable within one year | 42/48 | €417,236 | €380,610 | -€36,626 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | - | €45,674 | +€45,674 | |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €3,157 | €19,999 | +€16,842 | +533% |
| Suppliers | 440/4 | - | €19,999 | +€19,999 | |
| Taxes, remuneration and social security | 45 | - | €23,220 | +€23,220 | |
| Taxes | 450/3 | - | €23,220 | +€23,220 | |
| Other amounts payable | 47/48 | - | €291,714 | +€291,714 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €92,552 | +€92,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €5,028 | -€6,359 | -55.8% |
| Other operating charges | 640/8 | - | €2,392 | +€2,392 | |
| Gross operating margin | 9900 | €52,667 | €112,504 | +€59,837 | +114% |
| Operating profit (loss) | 9901 | €38,842 | €105,084 | +€66,242 | +171% |
| Financial income | 75/76B | - | €17,533 | +€17,533 | |
| Recurring financial income | 75 | €24,583 | €17,533 | -€7,050 | -28.7% |
| Financial charges | 65/66B | - | €18,441 | +€18,441 | |
| Recurring financial charges | 65 | €17,284 | €18,441 | +€1,157 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €46,140 | €104,176 | +€58,035 | +126% |
| Transfer from deferred taxes | 780 | - | €1,496 | +€1,496 | |
| Transfer to deferred taxes | 680 | - | €23,138 | +€23,138 | |
| Income taxes | 67/77 | €17,008 | €2,844 | -€14,164 | -83.3% |
| Profit (loss) for the period | 9904 | €30,628 | €79,689 | +€49,061 | +160% |
| Transfer from tax-exempt reserves | 789 | - | €2,904 | +€2,904 | |
| Transfer to tax-exempt reserves | 689 | - | €69,414 | +€69,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,532 | €13,180 | -€20,353 | -60.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.