SERVIPACK: 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.
SERVIPACK
Largest movements
- Stocks and contracts -€51,923
down €51,923 (-18.6%), from €279,212 to €227,289
- Cash -€30,021
down €30,021 (-83.8%), from €35,845 to €5,824
mainly Net result for the year (-€89,305) and Debts after one year (-€29,588)
- Tangible fixed assets -€21,189
down €21,189 (-19.7%), from €107,423 to €86,234
of which Furniture and vehicles: -€13,048
- Reserves -€109,303
down €109,303 (-43.3%), from €252,578 to €143,275
of which Distributable reserves: -€109,303
- Debts after one year -€29,588
down €29,588 (-31.3%), from €94,481 to €64,893
of which Financial debts: -€29,588
- Profit (loss) carried forward +€19,998
up €19,998, from -€19,998 to €0
- Trade debts +€14,624
up €14,624 (+44.6%), from €32,762 to €47,386
- Short-term financial debts +€5,922
up €5,922 (+8.8%), from €67,000 to €72,922
- Gross operating margin -€74,864
down €74,864 (-41.3%), from €181,392 to €106,528
- Other operating charges -€2,729
down €2,729 (-32.8%), from €8,321 to €5,592
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 | €500,450 | €397,505 | -€102,945 | -20.6% |
| Fixed assets | 21/28 | €109,751 | €88,562 | -€21,189 | -19.3% |
| Tangible fixed assets | 22/27 | €107,423 | €86,234 | -€21,189 | -19.7% |
| Land and buildings | 22 | €46,046 | €39,468 | -€6,578 | -14.3% |
| Plant, machinery and equipment | 23 | €4,156 | €2,592 | -€1,563 | -37.6% |
| Furniture and vehicles | 24 | €57,221 | €44,174 | -€13,048 | -22.8% |
| Financial fixed assets | 28 | €2,328 | €2,328 | = | 0.0% |
| Current assets | 29/58 | €390,699 | €308,943 | -€81,756 | -20.9% |
| Amounts receivable after more than one year | 29 | €12,186 | €13,657 | +€1,471 | +12.1% |
| Other amounts receivable | 291 | €12,186 | €13,657 | +€1,471 | +12.1% |
| Stocks and contracts in progress | 3 | €279,212 | €227,289 | -€51,923 | -18.6% |
| Stocks | 30/36 | €279,212 | €227,289 | -€51,923 | -18.6% |
| Amounts receivable within one year | 40/41 | €63,226 | €60,152 | -€3,074 | -4.9% |
| Trade receivables | 40 | €51,671 | €41,954 | -€9,717 | -18.8% |
| Other amounts receivable | 41 | €11,555 | €18,198 | +€6,643 | +57.5% |
| Cash at bank and in hand | 54/58 | €35,845 | €5,824 | -€30,021 | -83.8% |
| Deferred charges and accrued income | 490/1 | €230 | €2,021 | +€1,791 | +778.9% |
| Total equity and liabilities | 10/49 | €500,450 | €397,505 | -€102,945 | -20.6% |
| Equity | 10/15 | €251,180 | €161,875 | -€89,305 | -35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,578 | €143,275 | -€109,303 | -43.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €252,578 | €143,275 | -€109,303 | -43.3% |
| Profit (loss) carried forward | 14 | -€19,998 | €0 | +€19,998 | |
| Amounts payable | 17/49 | €249,270 | €235,629 | -€13,641 | -5.5% |
| Amounts payable after more than one year | 17 | €94,481 | €64,893 | -€29,588 | -31.3% |
| Financial debts | 170/4 | €94,481 | €64,893 | -€29,588 | -31.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €151,487 | €169,536 | +€18,049 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €28,381 | €29,588 | +€1,207 | +4.3% |
| Financial debts | 43 | €67,000 | €72,922 | +€5,922 | +8.8% |
| Credit institutions | 430/8 | €67,000 | €72,922 | +€5,922 | +8.8% |
| Trade debts | 44 | €32,762 | €47,386 | +€14,624 | +44.6% |
| Suppliers | 440/4 | €32,762 | €47,386 | +€14,624 | +44.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,304 | €18,600 | -€3,704 | -16.6% |
| Taxes | 450/3 | €80 | €7,849 | +€7,769 | +9700.1% |
| Remuneration and social security | 454/9 | €22,224 | €10,751 | -€11,472 | -51.6% |
| Other amounts payable | 47/48 | €1,040 | €1,040 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,302 | €1,200 | -€2,102 | -63.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €152,939 | €151,731 | -€1,208 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,114 | €23,946 | -€1,168 | -4.7% |
| Other operating charges | 640/8 | €8,321 | €5,592 | -€2,729 | -32.8% |
| Gross operating margin | 9900 | €181,392 | €106,528 | -€74,864 | -41.3% |
| Operating profit (loss) | 9901 | -€4,981 | -€74,740 | -€69,759 | -1400.5% |
| Financial income | 75/76B | €241 | €2,006 | +€1,766 | +733.8% |
| Recurring financial income | 75 | €241 | €2,006 | +€1,766 | +733.8% |
| Financial charges | 65/66B | €15,046 | €16,353 | +€1,307 | +8.7% |
| Recurring financial charges | 65 | €15,046 | €16,353 | +€1,307 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,786 | -€89,087 | -€69,300 | -350.2% |
| Income taxes | 67/77 | €212 | €218 | +€6 | +2.8% |
| Profit (loss) for the period | 9904 | -€19,998 | -€89,305 | -€69,306 | -346.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,998 | -€89,305 | -€69,306 | -346.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.