Servitec: 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.
Servitec
Largest movements
- Tangible fixed assets -€43,089
down €43,089 (-5.9%), from €729,005 to €685,917
of which Land and buildings: -€38,786
- Deferred charges and accrued income +€13,897
up €13,897 (+461.2%), from €3,013 to €16,910
- Debts after one year -€353,163
down €353,163 (-45.4%), from €778,312 to €425,149
- Reserves +€233,130
up €233,130 (+287.6%), from €81,063 to €314,194
of which Distributable reserves: +€233,130
- Tax, wage and social debts +€80,686
up €80,686 (+189.3%), from €42,625 to €123,311
- Trade debts +€75,385
up €75,385 (+87.6%), from €86,016 to €161,401
- Other debts -€64,078
down €64,078 (-82.8%), from €77,364 to €13,286
- Financial income +€344,076
up €344,076 (+3190.5%), from €10,784 to €354,860
of which Non-recurring financial income: +€340,553
- Taxes +€109,469
up €109,469 (+890.7%), from €12,291 to €121,760
- Gross operating margin -€95,358
down €95,358 (-47.4%), from €201,323 to €105,965
- Other operating charges -€35,082
down €35,082 (-57.0%), from €61,539 to €26,457
- Financial charges +€10,574
up €10,574 (+46.4%), from €22,800 to €33,373
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,161,370 | €1,143,418 | -€17,953 | -1.5% |
| Fixed assets | 21/28 | €729,155 | €686,067 | -€43,089 | -5.9% |
| Tangible fixed assets | 22/27 | €729,005 | €685,917 | -€43,089 | -5.9% |
| Land and buildings | 22 | €697,813 | €659,027 | -€38,786 | -5.6% |
| Plant, machinery and equipment | 23 | €880 | €592 | -€288 | -32.8% |
| Furniture and vehicles | 24 | €30,240 | €26,296 | -€3,944 | -13.0% |
| Other tangible fixed assets | 26 | €73 | €3 | -€70 | -96.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €432,215 | €457,351 | +€25,136 | +5.8% |
| Amounts receivable after more than one year | 29 | €220,000 | €220,000 | = | 0.0% |
| Other amounts receivable | 291 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €208,975 | €220,294 | +€11,319 | +5.4% |
| Trade receivables | 40 | €106,960 | €48,243 | -€58,717 | -54.9% |
| Other amounts receivable | 41 | €102,015 | €172,051 | +€70,036 | +68.7% |
| Cash at bank and in hand | 54/58 | €227 | €146 | -€80 | -35.4% |
| Deferred charges and accrued income | 490/1 | €3,013 | €16,910 | +€13,897 | +461.2% |
| Total equity and liabilities | 10/49 | €1,161,370 | €1,143,418 | -€17,953 | -1.5% |
| Equity | 10/15 | €99,663 | €332,794 | +€233,130 | +233.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,063 | €314,194 | +€233,130 | +287.6% |
| 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 | €15,367 | €15,367 | = | 0.0% |
| Distributable reserves | 133 | €63,836 | €296,966 | +€233,130 | +365.2% |
| Amounts payable | 17/49 | €1,061,707 | €810,624 | -€251,083 | -23.6% |
| Amounts payable after more than one year | 17 | €778,312 | €425,149 | -€353,163 | -45.4% |
| Financial debts | 170/4 | €778,312 | €425,149 | -€353,163 | -45.4% |
| Amounts payable within one year | 42/48 | €283,395 | €385,475 | +€102,080 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €67,148 | €41,422 | -€25,726 | -38.3% |
| Financial debts | 43 | €10,243 | €46,055 | +€35,812 | +349.6% |
| Credit institutions | 430/8 | €10,243 | €46,055 | +€35,812 | +349.6% |
| Trade debts | 44 | €86,016 | €161,401 | +€75,385 | +87.6% |
| Suppliers | 440/4 | €86,016 | €161,401 | +€75,385 | +87.6% |
| Taxes, remuneration and social security | 45 | €42,625 | €123,311 | +€80,686 | +189.3% |
| Taxes | 450/3 | €42,625 | €123,311 | +€80,686 | +189.3% |
| Other amounts payable | 47/48 | €77,364 | €13,286 | -€64,078 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,326 | €46,104 | +€5,778 | +14.3% |
| Other operating charges | 640/8 | €61,539 | €26,457 | -€35,082 | -57.0% |
| Gross operating margin | 9900 | €201,323 | €105,965 | -€95,358 | -47.4% |
| Operating profit (loss) | 9901 | €99,458 | €33,404 | -€66,054 | -66.4% |
| Financial income | 75/76B | €10,784 | €354,860 | +€344,076 | +3190.5% |
| Recurring financial income | 75 | €10,784 | €14,307 | +€3,522 | +32.7% |
| Non-recurring financial income | 76B | - | €340,553 | +€340,553 | |
| Financial charges | 65/66B | €22,800 | €33,373 | +€10,574 | +46.4% |
| Recurring financial charges | 65 | €22,800 | €33,373 | +€10,574 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €87,443 | €354,890 | +€267,448 | +305.9% |
| Income taxes | 67/77 | €12,291 | €121,760 | +€109,469 | +890.7% |
| Profit (loss) for the period | 9904 | €75,152 | €233,130 | +€157,978 | +210.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,152 | €233,130 | +€157,978 | +210.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.