SERVITIME: 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.
SERVITIME
Largest movements
- Tangible fixed assets -€168,048
down €168,048 (-6.4%), from €2.6m to €2.5m
of which Land and buildings: -€167,704
- Cash +€42,626
up €42,626 (+99.7%), from €42,775 to €85,401
mainly Depreciation (+€225,857) and Net result for the year (+€29,550)
- Debts after one year -€121,007
down €121,007 (-19.5%), from €619,124 to €498,117
- Accrued charges and deferred income -€37,939
no longer reported in 2025 (was €37,939)
- Reserves +€29,550
up €29,550 (+2.9%), from €1.0m to €1.0m
of which Distributable reserves: +€56,176
- Gross operating margin -€204,611
down €204,611 (-36.7%), from €558,037 to €353,426
- Staff costs -€23,066
no longer reported in 2025 (was €23,066)
- Taxes +€22,020
up €22,020 (+389%), from €5,653 to €27,673
- Financial charges -€13,415
down €13,415 (-21.4%), from €62,632 to €49,217
- Depreciation +€5,865
up €5,865 (+2.7%), from €219,992 to €225,857
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.
Derived cash bridge
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 | €2,686,619 | €2,560,262 | -€126,357 | -4.7% |
| Fixed assets | 21/28 | €2,642,864 | €2,474,817 | -€168,048 | -6.4% |
| Tangible fixed assets | 22/27 | €2,642,864 | €2,474,817 | -€168,048 | -6.4% |
| Land and buildings | 22 | €2,642,194 | €2,474,491 | -€167,704 | -6.3% |
| Plant, machinery and equipment | 23 | €670 | €326 | -€344 | -51.4% |
| Current assets | 29/58 | €43,755 | €85,445 | +€41,690 | +95.3% |
| Amounts receivable within one year | 40/41 | - | €44 | +€44 | |
| Trade receivables | 40 | - | €44 | +€44 | |
| Cash at bank and in hand | 54/58 | €42,775 | €85,401 | +€42,626 | +99.7% |
| Deferred charges and accrued income | 490/1 | €980 | - | -€980 | |
| Total equity and liabilities | 10/49 | €2,686,619 | €2,560,262 | -€126,357 | -4.7% |
| Equity | 10/15 | €1,267,126 | €1,296,676 | +€29,550 | +2.3% |
| Contributions | 10/11 | €257,389 | €257,389 | = | 0.0% |
| Capital | 10 | €257,389 | €257,389 | = | 0.0% |
| Issued capital | 100 | €257,389 | €257,389 | = | 0.0% |
| Reserves | 13 | €1,009,737 | €1,039,288 | +€29,550 | +2.9% |
| Non-distributable reserves | 130/1 | €25,739 | €25,739 | = | 0.0% |
| Legal reserve | 130 | €25,739 | €25,739 | = | 0.0% |
| Tax-exempt reserves | 132 | €219,400 | €192,774 | -€26,626 | -12.1% |
| Distributable reserves | 133 | €764,598 | €820,775 | +€56,176 | +7.3% |
| Provisions and deferred taxes | 16 | €83,455 | €73,136 | -€10,320 | -12.4% |
| Deferred taxes | 168 | €83,455 | €73,136 | -€10,320 | -12.4% |
| Amounts payable | 17/49 | €1,336,038 | €1,190,450 | -€145,588 | -10.9% |
| Amounts payable after more than one year | 17 | €619,124 | €498,117 | -€121,007 | -19.5% |
| Financial debts | 170/4 | €619,124 | €498,117 | -€121,007 | -19.5% |
| Amounts payable within one year | 42/48 | €678,974 | €692,333 | +€13,359 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €145,071 | €124,968 | -€20,103 | -13.9% |
| Taxes, remuneration and social security | 45 | €5,654 | €27,031 | +€21,377 | +378% |
| Taxes | 450/3 | €5,654 | €27,031 | +€21,377 | +378% |
| Other amounts payable | 47/48 | €528,249 | €540,335 | +€12,086 | +2.3% |
| Accrued charges and deferred income | 492/3 | €37,939 | - | -€37,939 | |
| Remuneration, social security and pensions | 62 | €23,066 | - | -€23,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,992 | €225,857 | +€5,865 | +2.7% |
| Other operating charges | 640/8 | €31,700 | €31,449 | -€251 | -0.8% |
| Gross operating margin | 9900 | €558,037 | €353,426 | -€204,611 | -36.7% |
| Operating profit (loss) | 9901 | €283,280 | €96,120 | -€187,160 | -66.1% |
| Financial charges | 65/66B | €62,632 | €49,217 | -€13,415 | -21.4% |
| Recurring financial charges | 65 | €62,632 | €49,217 | -€13,415 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €220,648 | €46,903 | -€173,745 | -78.7% |
| Transfer from deferred taxes | 780 | €12,155 | €10,320 | -€1,835 | -15.1% |
| Transfer to deferred taxes | 680 | €62,245 | - | -€62,245 | |
| Income taxes | 67/77 | €5,653 | €27,673 | +€22,020 | +389% |
| Profit (loss) for the period | 9904 | €164,905 | €29,550 | -€135,354 | -82.1% |
| Transfer from tax-exempt reserves | 789 | €32,131 | €26,626 | -€5,505 | -17.1% |
| Transfer to tax-exempt reserves | 689 | €186,735 | - | -€186,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,301 | €56,176 | +€45,875 | +445% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.