SERVIPOOLS: 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.
What changed
SERVIPOOLS
NACE 43.990, Other specialised construction activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,347
2024 · €298,894-€293,547
Equity
€4.3m
2024 · €4.3m+€5,347
Cash
€1.1m
2024 · €1.6m-€500,725
Balance sheet total
€6.1m
2024 · €6.3m-€233,494
Largest movements
Assets
- Stocks and contracts +€721,751
up €721,751 (+57.0%), from €1.3m to €2.0m
- Cash -€500,725
down €500,725 (-32.2%), from €1.6m to €1.1m
mainly Stocks and contracts (-€721,751) and Debts after one year (-€168,479)
- Tangible fixed assets -€295,058
down €295,058 (-12.1%), from €2.4m to €2.1m
- Receivables within one year -€156,870
down €156,870 (-15.3%), from €1.0m to €870,397
of which Trade receivables: -€111,507
Equity and liabilities
- Debts after one year -€168,479
down €168,479 (-10.6%), from €1.6m to €1.4m
Income statement
- Gross operating margin -€461,380
down €461,380 (-43.8%), from €1.1m to €591,634
- Taxes -€96,619
down €96,619 (-90.9%), from €106,287 to €9,668
- Staff costs -€40,788
down €40,788 (-17.4%), from €233,871 to €193,083
- Depreciation -€25,206
down €25,206 (-6.7%), from €373,747 to €348,541
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
€298,894
Gross operating margin
-€461,380
Staff costs
+€40,788
Depreciation
+€25,206
Other operating charges
-€812
Other operating items
-€3,392
Financial income
+€8,729
Financial charges
+€695
Taxes
+€96,619
Result 2025
€5,347
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
-€285,610
Investment
-€48,075
Financing
-€167,040
Cash 2024
€1.6m
From operations (derived)
-€285,610
Net result for the year
+€5,347
Depreciation
+€348,541
Stocks and contracts
-€721,751
Receivables within one year
+€156,870
Deferred charges and accrued income
-€2,816
Trade debts
-€36,752
Tax, wage and social debts
-€36,947
Other debts
+€1,917
Accrued charges and deferred income
-€19
Investment (derived)
-€48,075
Investment in fixed assets (net)
-€48,075
Financing
-€167,040
Debts after one year
-€168,479
Current portion of long-term debt
+€1,439
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,308,643 | €6,075,149 | -€233,494 | -3.7% |
| Fixed assets | 21/28 | €2,460,592 | €2,160,126 | -€300,466 | -12.2% |
| Intangible fixed assets | 21 | €15,202 | €10,157 | -€5,045 | -33.2% |
| Tangible fixed assets | 22/27 | €2,431,642 | €2,136,584 | -€295,058 | -12.1% |
| Land and buildings | 22 | €1,977,638 | €1,884,371 | -€93,267 | -4.7% |
| Plant, machinery and equipment | 23 | €113,266 | €43,424 | -€69,842 | -61.7% |
| Furniture and vehicles | 24 | €304,666 | €181,735 | -€122,931 | -40.3% |
| Other tangible fixed assets | 26 | €36,072 | €27,054 | -€9,018 | -25.0% |
| Financial fixed assets | 28 | €13,748 | €13,385 | -€363 | -2.6% |
| Current assets | 29/58 | €3,848,051 | €3,915,023 | +€66,972 | +1.7% |
| Stocks and contracts in progress | 3 | €1,266,314 | €1,988,065 | +€721,751 | +57.0% |
| Stocks | 30/36 | €1,266,314 | €1,988,065 | +€721,751 | +57.0% |
| Amounts receivable within one year | 40/41 | €1,027,267 | €870,397 | -€156,870 | -15.3% |
| Trade receivables | 40 | €199,297 | €87,790 | -€111,507 | -56.0% |
| Other amounts receivable | 41 | €827,970 | €782,607 | -€45,363 | -5.5% |
| Cash at bank and in hand | 54/58 | €1,554,470 | €1,053,745 | -€500,725 | -32.2% |
| Deferred charges and accrued income | 490/1 | - | €2,816 | +€2,816 | |
| Total equity and liabilities | 10/49 | €6,308,643 | €6,075,149 | -€233,494 | -3.7% |
| Equity | 10/15 | €4,295,040 | €4,300,387 | +€5,347 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,338,660 | €2,338,660 | = | 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 | €336,800 | €336,800 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,937,780 | €1,943,127 | +€5,347 | +0.3% |
| Amounts payable | 17/49 | €2,013,603 | €1,774,762 | -€238,841 | -11.9% |
| Amounts payable after more than one year | 17 | €1,591,961 | €1,423,482 | -€168,479 | -10.6% |
| Financial debts | 170/4 | €1,591,961 | €1,423,482 | -€168,479 | -10.6% |
| Amounts payable within one year | 42/48 | €421,477 | €351,134 | -€70,343 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €167,040 | €168,479 | +€1,439 | +0.9% |
| Trade debts | 44 | €193,714 | €156,962 | -€36,752 | -19.0% |
| Suppliers | 440/4 | €193,714 | €156,962 | -€36,752 | -19.0% |
| Taxes, remuneration and social security | 45 | €60,723 | €23,776 | -€36,947 | -60.8% |
| Taxes | 450/3 | €25,290 | - | -€25,290 | |
| Remuneration and social security | 454/9 | €35,433 | €23,776 | -€11,657 | -32.9% |
| Other amounts payable | 47/48 | - | €1,917 | +€1,917 | |
| Accrued charges and deferred income | 492/3 | €165 | €146 | -€19 | -11.5% |
| Remuneration, social security and pensions | 62 | €233,871 | €193,083 | -€40,788 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,747 | €348,541 | -€25,206 | -6.7% |
| Other operating charges | 640/8 | €30,760 | €31,572 | +€812 | +2.6% |
| Non-recurring operating charges | 66A | €305 | €3,697 | +€3,392 | +1112.1% |
| Gross operating margin | 9900 | €1,053,014 | €591,634 | -€461,380 | -43.8% |
| Operating profit (loss) | 9901 | €414,331 | €14,741 | -€399,590 | -96.4% |
| Financial income | 75/76B | €6,079 | €14,808 | +€8,729 | +143.6% |
| Recurring financial income | 75 | €6,079 | €14,808 | +€8,729 | +143.6% |
| Financial charges | 65/66B | €15,229 | €14,534 | -€695 | -4.6% |
| Recurring financial charges | 65 | €15,229 | €14,534 | -€695 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €405,181 | €15,015 | -€390,166 | -96.3% |
| Income taxes | 67/77 | €106,287 | €9,668 | -€96,619 | -90.9% |
| Profit (loss) for the period | 9904 | €298,894 | €5,347 | -€293,547 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €298,894 | €5,347 | -€293,547 | -98.2% |
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 10 October 2026 via checked.be.