SERVIO PROJECTS: 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.
SERVIO PROJECTS
Largest movements
- Receivables within one year -€134,849
down €134,849 (-22.6%), from €597,544 to €462,696
of which Trade receivables: -€100,569
- Cash +€80,491
up €80,491 (+338.1%), from €23,808 to €104,299
mainly Receivables within one year (+€134,849) and Net result for the year (+€46,773)
- Stocks and contracts +€37,147
up €37,147 (+27.6%), from €134,589 to €171,736
of which Contracts in progress: +€55,222
- Intangible fixed assets -€8,200
down €8,200 (-38.7%), from €21,183 to €12,983
- Other debts -€60,726
down €60,726 (-39.9%), from €152,181 to €91,454
- Profit (loss) carried forward +€46,773
up €46,773 (+14.8%), from €315,254 to €362,027
- Tax, wage and social debts -€14,935
down €14,935 (-15.8%), from €94,808 to €79,874
of which Taxes: -€15,183
- Gross operating margin -€96,382
down €96,382 (-25.1%), from €383,369 to €286,987
- Taxes -€22,786
down €22,786 (-55.6%), from €40,961 to €18,176
- Staff costs -€16,360
down €16,360 (-7.8%), from €208,743 to €192,383
- Financial charges +€12,004
up €12,004 (+179.6%), from €6,683 to €18,687
- Depreciation -€4,330
down €4,330 (-29.0%), from €14,906 to €10,577
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 | €798,126 | €765,799 | -€32,327 | -4.1% |
| Fixed assets | 21/28 | €26,967 | €16,390 | -€10,577 | -39.2% |
| Intangible fixed assets | 21 | €21,183 | €12,983 | -€8,200 | -38.7% |
| Tangible fixed assets | 22/27 | €5,784 | €3,407 | -€2,377 | -41.1% |
| Plant, machinery and equipment | 23 | €3,398 | €2,492 | -€906 | -26.7% |
| Furniture and vehicles | 24 | €2,386 | €915 | -€1,471 | -61.6% |
| Current assets | 29/58 | €771,159 | €749,409 | -€21,750 | -2.8% |
| Stocks and contracts in progress | 3 | €134,589 | €171,736 | +€37,147 | +27.6% |
| Stocks | 30/36 | €69,640 | €51,565 | -€18,075 | -26.0% |
| Contracts in progress | 37 | €64,949 | €120,171 | +€55,222 | +85.0% |
| Amounts receivable within one year | 40/41 | €597,544 | €462,696 | -€134,849 | -22.6% |
| Trade receivables | 40 | €386,990 | €286,421 | -€100,569 | -26.0% |
| Other amounts receivable | 41 | €210,554 | €176,275 | -€34,280 | -16.3% |
| Cash at bank and in hand | 54/58 | €23,808 | €104,299 | +€80,491 | +338.1% |
| Deferred charges and accrued income | 490/1 | €15,218 | €10,678 | -€4,539 | -29.8% |
| Total equity and liabilities | 10/49 | €798,126 | €765,799 | -€32,327 | -4.1% |
| Equity | 10/15 | €462,014 | €508,787 | +€46,773 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,160 | €128,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €315,254 | €362,027 | +€46,773 | +14.8% |
| Amounts payable | 17/49 | €336,112 | €257,012 | -€79,100 | -23.5% |
| Amounts payable within one year | 42/48 | €336,058 | €256,995 | -€79,062 | -23.5% |
| Trade debts | 44 | €89,069 | €85,668 | -€3,401 | -3.8% |
| Suppliers | 440/4 | €89,069 | €85,668 | -€3,401 | -3.8% |
| Taxes, remuneration and social security | 45 | €94,808 | €79,874 | -€14,935 | -15.8% |
| Taxes | 450/3 | €71,249 | €56,066 | -€15,183 | -21.3% |
| Remuneration and social security | 454/9 | €23,559 | €23,807 | +€248 | +1.1% |
| Other amounts payable | 47/48 | €152,181 | €91,454 | -€60,726 | -39.9% |
| Accrued charges and deferred income | 492/3 | €54 | €16 | -€38 | -69.5% |
| Remuneration, social security and pensions | 62 | €208,743 | €192,383 | -€16,360 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,906 | €10,577 | -€4,330 | -29.0% |
| Other operating charges | 640/8 | €2,145 | €1,634 | -€510 | -23.8% |
| Gross operating margin | 9900 | €383,369 | €286,987 | -€96,382 | -25.1% |
| Operating profit (loss) | 9901 | €157,576 | €82,393 | -€75,183 | -47.7% |
| Financial income | 75/76B | €37 | €1,243 | +€1,206 | +3297.8% |
| Recurring financial income | 75 | €37 | €1,243 | +€1,206 | +3297.8% |
| Financial charges | 65/66B | €6,683 | €18,687 | +€12,004 | +179.6% |
| Recurring financial charges | 65 | €6,683 | €18,687 | +€12,004 | +179.6% |
| Profit (loss) for the period before taxes | 9903 | €150,929 | €64,949 | -€85,980 | -57.0% |
| Income taxes | 67/77 | €40,961 | €18,176 | -€22,786 | -55.6% |
| Profit (loss) for the period | 9904 | €109,968 | €46,773 | -€63,194 | -57.5% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,768 | €46,773 | +€21,006 | +81.5% |
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 11 October 2026 via checked.be.