SERVITEX: 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.
What changed
SERVITEX
NACE 96.101, Personal service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€672,331
2024 · -€332,083-€340,248
Equity
€4.3m
2024 · €4.1m+€124,131
Cash
€1.3m
2024 · €213,599+€1.1m
Balance sheet total
€19.9m
2024 · €16.5m+€3.4m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+61.2%), from €3.2m to €5.1m
of which Trade receivables: +€1.1m
- Cash +€1.1m
up €1.1m (+509.7%), from €213,599 to €1.3m
mainly Depreciation (+€2.7m) and Current portion of long-term debt (+€1.6m)
- Tangible fixed assets +€339,294
up €339,294 (+2.6%), from €13.0m to €13.4m
of which Other tangible fixed assets: +€439,774
Equity and liabilities
- Current portion of long-term debt +€1.6m
up €1.6m (+79.8%), from €2.0m to €3.6m
- Investment grants +€796,461
up €796,461 (+123.7%), from €643,777 to €1.4m
- Debts after one year +€785,827
up €785,827 (+10.4%), from €7.6m to €8.4m
- Trade debts +€634,692
up €634,692 (+33.0%), from €1.9m to €2.6m
- Profit (loss) carried forward -€565,120
down €565,120 (-59.1%), from €956,413 to €391,293
Income statement
- Turnover +€1.3m
up €1.3m (+12.9%), from €10.1m to €11.4m
- Staff costs +€654,784
up €654,784 (+18.1%), from €3.6m to €4.3m
- Financial income +€343,579
up €343,579 (+294.8%), from €116,533 to €460,112
- Services and other goods +€328,036
up €328,036 (+10.1%), from €3.2m to €3.6m
- Goods and materials +€226,025
up €226,025 (+28.6%), from €789,072 to €1.0m
of which Purchases: +€242,963
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
-€332,083
Turnover
+€1.3m
Other operating income
+€32,769
Goods and materials
-€226,025
Services and other goods
-€328,036
Staff costs
-€654,784
Depreciation
-€199,182
Provisions
-€5,805
Other operating charges
-€4,092
Other operating items
-€590,199
Financial income
+€343,579
Financial charges
-€9,209
Result 2025
-€672,331
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
+€928,730
Investment
-€3.0m
Financing
+€3.2m
Cash 2024
€213,599
From operations (derived)
+€928,730
Net result for the year
-€672,331
Depreciation
+€2.7m
Stocks and contracts
-€10,336
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€25,324
Provisions
-€38,977
Trade debts
+€634,692
Tax, wage and social debts
+€225,879
Other debts
+€55,290
Accrued charges and deferred income
+€13,817
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€3.0m
Financing
+€3.2m
Debts after one year
+€785,827
Current portion of long-term debt
+€1.6m
Contributions, distributions and other
+€796,461
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,507,164 | €19,902,025 | +€3.4m | +20.6% |
| Fixed assets | 21/28 | €13,083,491 | €13,422,785 | +€339,294 | +2.6% |
| Tangible fixed assets | 22/27 | €13,024,598 | €13,363,892 | +€339,294 | +2.6% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €770,725 | €963,736 | +€193,011 | +25.0% |
| Furniture and vehicles | 24 | €118,180 | €72,693 | -€45,487 | -38.5% |
| Leasing and similar rights | 25 | €6,240,373 | €5,555,943 | -€684,430 | -11.0% |
| Other tangible fixed assets | 26 | €5,080,007 | €5,519,782 | +€439,774 | +8.7% |
| Assets under construction and advance payments | 27 | €790,313 | €1,226,738 | +€436,425 | +55.2% |
| Financial fixed assets | 28 | €58,893 | €58,893 | = | 0.0% |
| Affiliated companies | 280/1 | €25,000 | €25,000 | = | 0.0% |
| Participating interests | 280 | €25,000 | €25,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €33,893 | €33,893 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €33,893 | €33,893 | = | 0.0% |
| Current assets | 29/58 | €3,423,673 | €6,479,240 | +€3.1m | +89.2% |
| Stocks and contracts in progress | 3 | €22,562 | €32,898 | +€10,336 | +45.8% |
| Stocks | 30/36 | €22,562 | €32,898 | +€10,336 | +45.8% |
| Raw materials and consumables | 30/31 | €22,562 | €32,898 | +€10,336 | +45.8% |
| Amounts receivable within one year | 40/41 | €3,154,493 | €5,085,762 | +€1.9m | +61.2% |
| Trade receivables | 40 | €2,546,674 | €3,642,618 | +€1.1m | +43.0% |
| Other amounts receivable | 41 | €607,820 | €1,443,144 | +€835,324 | +137.4% |
| Cash at bank and in hand | 54/58 | €213,599 | €1,302,237 | +€1.1m | +509.7% |
| Deferred charges and accrued income | 490/1 | €33,018 | €58,342 | +€25,324 | +76.7% |
| Total equity and liabilities | 10/49 | €16,507,164 | €19,902,025 | +€3.4m | +20.6% |
| Equity | 10/15 | €4,135,889 | €4,260,020 | +€124,131 | +3.0% |
| Contributions | 10/11 | €1,643,681 | €1,643,681 | = | 0.0% |
| Capital | 10 | €1,643,681 | €1,643,681 | = | 0.0% |
| Issued capital | 100 | €1,643,681 | €1,643,681 | = | 0.0% |
| Reserves | 13 | €892,018 | €784,808 | -€107,210 | -12.0% |
| Non-distributable reserves | 130/1 | €164,368 | €164,368 | = | 0.0% |
| Legal reserve | 130 | €164,368 | €164,368 | = | 0.0% |
| Tax-exempt reserves | 132 | €727,650 | €620,439 | -€107,210 | -14.7% |
| Profit (loss) carried forward | 14 | €956,413 | €391,293 | -€565,120 | -59.1% |
| Investment grants | 15 | €643,777 | €1,440,238 | +€796,461 | +123.7% |
| Provisions and deferred taxes | 16 | €257,968 | €218,992 | -€38,977 | -15.1% |
| Provisions for liabilities and charges | 160/5 | €2,229 | €2,229 | = | 0.0% |
| Environmental obligations | 163 | €2,229 | €2,229 | = | 0.0% |
| Deferred taxes | 168 | €255,739 | €216,763 | -€38,977 | -15.2% |
| Amounts payable | 17/49 | €12,113,307 | €15,423,013 | +€3.3m | +27.3% |
| Amounts payable after more than one year | 17 | €7,565,669 | €8,351,496 | +€785,827 | +10.4% |
| Financial debts | 170/4 | €7,565,669 | €8,351,496 | +€785,827 | +10.4% |
| Subordinated loans | 170 | €585,643 | €500,000 | -€85,643 | -14.6% |
| Leasing and similar obligations | 172 | €3,660,331 | €2,691,565 | -€968,766 | -26.5% |
| Credit institutions | 173 | €3,319,695 | €2,829,941 | -€489,754 | -14.8% |
| Other loans | 174 | - | €2,329,990 | +€2.3m | |
| Amounts payable within one year | 42/48 | €4,455,374 | €6,965,436 | +€2.5m | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €1,996,826 | €3,591,027 | +€1.6m | +79.8% |
| Trade debts | 44 | €1,925,541 | €2,560,233 | +€634,692 | +33.0% |
| Suppliers | 440/4 | €1,925,541 | €2,560,233 | +€634,692 | +33.0% |
| Taxes, remuneration and social security | 45 | €485,307 | €711,186 | +€225,879 | +46.5% |
| Taxes | 450/3 | €42,295 | €57,276 | +€14,981 | +35.4% |
| Remuneration and social security | 454/9 | €443,012 | €653,911 | +€210,899 | +47.6% |
| Other amounts payable | 47/48 | €47,700 | €102,990 | +€55,290 | +115.9% |
| Accrued charges and deferred income | 492/3 | €92,264 | €106,081 | +€13,817 | +15.0% |
| Operating income | 70/76A | €10,162,405 | €11,495,909 | +€1.3m | +13.1% |
| Turnover | 70 | €10,072,601 | €11,373,337 | +€1.3m | +12.9% |
| Other operating income | 74 | €83,575 | €116,344 | +€32,769 | +39.2% |
| Non-recurring operating income | 76A | €6,229 | €6,229 | = | 0.0% |
| Operating charges | 60/66A | €10,276,234 | €12,284,357 | +€2.0m | +19.5% |
| Goods for resale, raw materials and consumables | 60 | €789,072 | €1,015,097 | +€226,025 | +28.6% |
| Purchases | 600/8 | €782,471 | €1,025,433 | +€242,963 | +31.1% |
| Change in stocks: decrease (increase) | 609 | €6,601 | -€10,336 | -€16,937 | |
| Services and other goods | 61 | €3,249,552 | €3,577,588 | +€328,036 | +10.1% |
| Remuneration, social security and pensions | 62 | €3,623,551 | €4,278,335 | +€654,784 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,478,106 | €2,677,287 | +€199,182 | +8.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,805 | - | +€5,805 | |
| Other operating charges | 640/8 | €141,635 | €145,727 | +€4,092 | +2.9% |
| Non-recurring operating charges | 66A | €124 | €590,323 | +€590,199 | +476082.3% |
| Operating profit (loss) | 9901 | -€113,829 | -€788,448 | -€674,618 | -592.7% |
| Financial income | 75/76B | €116,533 | €460,112 | +€343,579 | +294.8% |
| Recurring financial income | 75 | €116,533 | €460,112 | +€343,579 | +294.8% |
| Other financial income | 752/9 | €116,533 | €460,112 | +€343,579 | +294.8% |
| Financial charges | 65/66B | €373,763 | €382,972 | +€9,209 | +2.5% |
| Recurring financial charges | 65 | €373,763 | €382,972 | +€9,209 | +2.5% |
| Debt charges | 650 | €328,009 | €329,010 | +€1,001 | +0.3% |
| Other financial charges | 652/9 | €45,754 | €53,961 | +€8,208 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€371,060 | -€711,307 | -€340,248 | -91.7% |
| Transfer from deferred taxes | 780 | €38,977 | €38,977 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€332,083 | -€672,331 | -€340,248 | -102.5% |
| Transfer from tax-exempt reserves | 789 | €107,210 | €107,210 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,873 | -€565,120 | -€340,248 | -151.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.