SERVITOP: 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.
SERVITOP
Largest movements
- Tangible fixed assets +€193,969
up €193,969 (+11.3%), from €1.7m to €1.9m
of which Other tangible fixed assets: +€218,823
- Stocks and contracts -€43,592
down €43,592 (-16.1%), from €270,200 to €226,608
- Cash +€34,977
up €34,977 (+72.7%), from €48,088 to €83,065
mainly Depreciation (+€510,363) and Debts after one year (+€280,293)
- Debts after one year +€280,293
up €280,293 (+101.4%), from €276,487 to €556,780
- Trade debts -€104,880
down €104,880 (-33.6%), from €312,152 to €207,272
- Other debts -€98,817
down €98,817 (-61.8%), from €160,000 to €61,183
- Reserves +€63,447
up €63,447 (+5.9%), from €1.1m to €1.1m
of which Distributable reserves: +€63,447
- Current portion of long-term debt +€63,303
up €63,303 (+68.5%), from €92,462 to €155,765
- Gross operating margin -€78,918
down €78,918 (-5.9%), from €1.3m to €1.2m
- Depreciation +€57,303
up €57,303 (+12.6%), from €453,060 to €510,363
- Staff costs -€27,972
down €27,972 (-4.0%), from €701,845 to €673,873
- Write-downs -€14,866
down €14,866, from €11,923 to -€2,944
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 | €2,435,068 | €2,644,317 | +€209,249 | +8.6% |
| Fixed assets | 21/28 | €1,720,953 | €1,922,093 | +€201,141 | +11.7% |
| Intangible fixed assets | 21 | €5,286 | €12,458 | +€7,171 | +135.7% |
| Tangible fixed assets | 22/27 | €1,715,666 | €1,909,636 | +€193,969 | +11.3% |
| Plant, machinery and equipment | 23 | €5,401 | €4,590 | -€811 | -15.0% |
| Furniture and vehicles | 24 | €67,858 | €43,815 | -€24,043 | -35.4% |
| Other tangible fixed assets | 26 | €1,642,408 | €1,861,231 | +€218,823 | +13.3% |
| Current assets | 29/58 | €714,115 | €722,224 | +€8,108 | +1.1% |
| Stocks and contracts in progress | 3 | €270,200 | €226,608 | -€43,592 | -16.1% |
| Stocks | 30/36 | €270,200 | €226,608 | -€43,592 | -16.1% |
| Amounts receivable within one year | 40/41 | €324,028 | €347,025 | +€22,997 | +7.1% |
| Trade receivables | 40 | €314,678 | €338,333 | +€23,656 | +7.5% |
| Other amounts receivable | 41 | €9,351 | €8,692 | -€659 | -7.0% |
| Current investments | 50/53 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,088 | €83,065 | +€34,977 | +72.7% |
| Deferred charges and accrued income | 490/1 | €70,299 | €64,025 | -€6,274 | -8.9% |
| Total equity and liabilities | 10/49 | €2,435,068 | €2,644,317 | +€209,249 | +8.6% |
| Equity | 10/15 | €1,136,987 | €1,200,434 | +€63,447 | +5.6% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €1,068,787 | €1,132,234 | +€63,447 | +5.9% |
| Tax-exempt reserves | 132 | €4,736 | €4,736 | = | 0.0% |
| Distributable reserves | 133 | €1,064,051 | €1,127,498 | +€63,447 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,298,081 | €1,443,883 | +€145,802 | +11.2% |
| Amounts payable after more than one year | 17 | €276,487 | €556,780 | +€280,293 | +101.4% |
| Financial debts | 170/4 | €276,487 | €556,780 | +€280,293 | +101.4% |
| Amounts payable within one year | 42/48 | €1,017,994 | €853,245 | -€164,749 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €92,462 | €155,765 | +€63,303 | +68.5% |
| Financial debts | 43 | €337,224 | €333,674 | -€3,550 | -1.1% |
| Credit institutions | 430/8 | €305,564 | €300,000 | -€5,564 | -1.8% |
| Other loans | 439 | €31,660 | €33,674 | +€2,014 | +6.4% |
| Trade debts | 44 | €312,152 | €207,272 | -€104,880 | -33.6% |
| Suppliers | 440/4 | €312,152 | €207,272 | -€104,880 | -33.6% |
| Taxes, remuneration and social security | 45 | €116,156 | €95,351 | -€20,805 | -17.9% |
| Taxes | 450/3 | €22,095 | €15,958 | -€6,137 | -27.8% |
| Remuneration and social security | 454/9 | €94,062 | €79,393 | -€14,669 | -15.6% |
| Other amounts payable | 47/48 | €160,000 | €61,183 | -€98,817 | -61.8% |
| Accrued charges and deferred income | 492/3 | €3,601 | €33,858 | +€30,258 | +840.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €701,845 | €673,873 | -€27,972 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453,060 | €510,363 | +€57,303 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,923 | -€2,944 | -€14,866 | |
| Other operating charges | 640/8 | €2,869 | €5,986 | +€3,117 | +108.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,328,705 | €1,249,787 | -€78,918 | -5.9% |
| Operating profit (loss) | 9901 | €159,008 | €62,508 | -€96,500 | -60.7% |
| Financial income | 75/76B | €41,045 | €48,976 | +€7,931 | +19.3% |
| Recurring financial income | 75 | €38,084 | €48,976 | +€10,892 | +28.6% |
| Non-recurring financial income | 76B | €2,961 | €0 | -€2,961 | -100.0% |
| Financial charges | 65/66B | €29,667 | €38,911 | +€9,244 | +31.2% |
| Recurring financial charges | 65 | €29,667 | €38,911 | +€9,244 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €170,386 | €72,573 | -€97,813 | -57.4% |
| Income taxes | 67/77 | €11,781 | €9,126 | -€2,655 | -22.5% |
| Profit (loss) for the period | 9904 | €158,605 | €63,447 | -€95,158 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €158,605 | €63,447 | -€95,158 | -60.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.