SERVISCO: 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.
SERVISCO
Largest movements
- Cash +€116,175
up €116,175 (+32.2%), from €361,100 to €477,275
mainly Net result for the year (+€94,292) and Depreciation (+€48,440)
- Tangible fixed assets -€39,701
down €39,701 (-38.4%), from €103,390 to €63,689
of which Furniture and vehicles: -€38,730
- Receivables within one year +€17,716
up €17,716 (+19.9%), from €89,212 to €106,928
of which Trade receivables: +€25,390
- Reserves +€94,292
up €94,292 (+50.4%), from €187,258 to €281,550
- Tax, wage and social debts +€31,415
up €31,415 (+73.9%), from €42,485 to €73,900
of which Remuneration and social security: +€17,147
- Trade debts -€16,526
down €16,526 (-28.2%), from €58,675 to €42,149
- Current portion of long-term debt -€11,306
down €11,306 (-100.0%), from €11,306 to €0
- Gross operating margin +€161,521
up €161,521 (+39.0%), from €413,654 to €575,175
- Staff costs +€117,106
up €117,106 (+45.9%), from €255,320 to €372,426
- Taxes +€14,389
up €14,389 (+45.3%), from €31,758 to €46,147
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 | €559,528 | €651,718 | +€92,190 | +16.5% |
| Fixed assets | 21/28 | €109,216 | €67,515 | -€41,701 | -38.2% |
| Intangible fixed assets | 21 | €5,776 | €3,776 | -€2,000 | -34.6% |
| Tangible fixed assets | 22/27 | €103,390 | €63,689 | -€39,701 | -38.4% |
| Plant, machinery and equipment | 23 | €2,097 | €1,126 | -€971 | -46.3% |
| Furniture and vehicles | 24 | €101,293 | €62,563 | -€38,730 | -38.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €450,312 | €584,203 | +€133,891 | +29.7% |
| Amounts receivable within one year | 40/41 | €89,212 | €106,928 | +€17,716 | +19.9% |
| Trade receivables | 40 | €78,762 | €104,152 | +€25,390 | +32.2% |
| Other amounts receivable | 41 | €10,450 | €2,776 | -€7,674 | -73.4% |
| Cash at bank and in hand | 54/58 | €361,100 | €477,275 | +€116,175 | +32.2% |
| Total equity and liabilities | 10/49 | €559,528 | €651,718 | +€92,190 | +16.5% |
| Equity | 10/15 | €430,128 | €520,920 | +€90,792 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €187,258 | €281,550 | +€94,292 | +50.4% |
| Distributable reserves | 133 | €187,258 | €281,550 | +€94,292 | +50.4% |
| Profit (loss) carried forward | 14 | €236,670 | €233,170 | -€3,500 | -1.5% |
| Amounts payable | 17/49 | €129,400 | €130,798 | +€1,398 | +1.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,400 | €130,798 | +€1,398 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €11,306 | €0 | -€11,306 | -100.0% |
| Financial debts | 43 | €16,835 | €11,248 | -€5,587 | -33.2% |
| Credit institutions | 430/8 | €16,835 | €11,248 | -€5,587 | -33.2% |
| Trade debts | 44 | €58,675 | €42,149 | -€16,526 | -28.2% |
| Suppliers | 440/4 | €58,675 | €42,149 | -€16,526 | -28.2% |
| Taxes, remuneration and social security | 45 | €42,485 | €73,900 | +€31,415 | +73.9% |
| Taxes | 450/3 | €21,280 | €35,549 | +€14,268 | +67.1% |
| Remuneration and social security | 454/9 | €21,205 | €38,352 | +€17,147 | +80.9% |
| Other amounts payable | 47/48 | €98 | €3,500 | +€3,402 | +3473.6% |
| Remuneration, social security and pensions | 62 | €255,320 | €372,426 | +€117,106 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,304 | €48,440 | +€4,136 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,664 | €0 | -€2,664 | -100.0% |
| Other operating charges | 640/8 | €4,847 | €6,951 | +€2,104 | +43.4% |
| Gross operating margin | 9900 | €413,654 | €575,175 | +€161,521 | +39.0% |
| Operating profit (loss) | 9901 | €106,520 | €147,359 | +€40,839 | +38.3% |
| Financial charges | 65/66B | €3,364 | €6,920 | +€3,556 | +105.7% |
| Recurring financial charges | 65 | €3,364 | €6,920 | +€3,556 | +105.7% |
| Profit (loss) for the period before taxes | 9903 | €103,156 | €140,439 | +€37,283 | +36.1% |
| Income taxes | 67/77 | €31,758 | €46,147 | +€14,389 | +45.3% |
| Profit (loss) for the period | 9904 | €71,398 | €94,292 | +€22,894 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,398 | €94,292 | +€22,894 | +32.1% |
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.