SERVIZO: 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.
SERVIZO
Largest movements
- Tangible fixed assets +€77,687
up €77,687 (+5.6%), from €1.4m to €1.5m
of which Land and buildings: +€79,919
- Cash -€66,010
down €66,010 (-77.9%), from €84,689 to €18,678
mainly Investment in fixed assets (net) (-€205,696) and Net result for the year (-€59,303)
- Receivables within one year +€23,292
up €23,292 (+22.2%), from €104,808 to €128,100
of which Trade receivables: +€49,395
- Deferred charges and accrued income +€22,815
up €22,815 (+266.6%), from €8,559 to €31,374
- Debts after one year +€159,784
up €159,784 (+15.9%), from €1.0m to €1.2m
of which Financial debts: +€159,734
- Reserves -€65,197
down €65,197 (-12.9%), from €506,179 to €440,982
of which Tax-exempt reserves: -€65,197
- Provisions -€26,630
down €26,630 (-12.9%), from €205,702 to €179,072
- Accrued charges and deferred income -€23,306
down €23,306 (-78.9%), from €29,528 to €6,222
- Gross operating margin -€27,750
down €27,750 (-19.8%), from €139,807 to €112,057
- Depreciation +€6,003
up €6,003 (+4.9%), from €121,986 to €127,989
- Write-downs -€3,257
no longer reported in 2025 (was €3,257)
- Financial income -€2,250
down €2,250 (-99.1%), from €2,270 to €20
of which Non-recurring financial income: -€1,730
- Financial charges -€1,924
down €1,924 (-8.3%), from €23,282 to €21,358
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 | €1,588,834 | €1,646,639 | +€57,804 | +3.6% |
| Fixed assets | 21/28 | €1,390,779 | €1,468,486 | +€77,707 | +5.6% |
| Tangible fixed assets | 22/27 | €1,388,259 | €1,465,946 | +€77,687 | +5.6% |
| Land and buildings | 22 | €1,370,938 | €1,450,857 | +€79,919 | +5.8% |
| Plant, machinery and equipment | 23 | €7,491 | €5,391 | -€2,100 | -28.0% |
| Furniture and vehicles | 24 | €151 | €18 | -€132 | -87.8% |
| Other tangible fixed assets | 26 | €9,680 | €9,680 | = | 0.0% |
| Financial fixed assets | 28 | €2,520 | €2,540 | +€20 | +0.8% |
| Current assets | 29/58 | €198,055 | €178,153 | -€19,903 | -10.0% |
| Amounts receivable within one year | 40/41 | €104,808 | €128,100 | +€23,292 | +22.2% |
| Trade receivables | 40 | €78,245 | €127,639 | +€49,395 | +63.1% |
| Other amounts receivable | 41 | €26,563 | €461 | -€26,102 | -98.3% |
| Cash at bank and in hand | 54/58 | €84,689 | €18,678 | -€66,010 | -77.9% |
| Deferred charges and accrued income | 490/1 | €8,559 | €31,374 | +€22,815 | +266.6% |
| Total equity and liabilities | 10/49 | €1,588,834 | €1,646,639 | +€57,804 | +3.6% |
| Equity | 10/15 | €153,763 | €94,460 | -€59,303 | -38.6% |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | €506,179 | €440,982 | -€65,197 | -12.9% |
| Non-distributable reserves | 130/1 | €2,565 | €2,565 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,565 | €2,565 | = | 0.0% |
| Tax-exempt reserves | 132 | €503,615 | €438,418 | -€65,197 | -12.9% |
| Profit (loss) carried forward | 14 | -€411,416 | -€405,522 | +€5,894 | +1.4% |
| Provisions and deferred taxes | 16 | €205,702 | €179,072 | -€26,630 | -12.9% |
| Deferred taxes | 168 | €205,702 | €179,072 | -€26,630 | -12.9% |
| Amounts payable | 17/49 | €1,229,369 | €1,373,107 | +€143,738 | +11.7% |
| Amounts payable after more than one year | 17 | €1,003,970 | €1,163,753 | +€159,784 | +15.9% |
| Financial debts | 170/4 | €995,539 | €1,155,273 | +€159,734 | +16.0% |
| Other amounts payable | 178/9 | €8,430 | €8,480 | +€50 | +0.6% |
| Amounts payable within one year | 42/48 | €195,872 | €203,131 | +€7,259 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €66,325 | €68,954 | +€2,629 | +4.0% |
| Trade debts | 44 | €101,520 | €103,382 | +€1,862 | +1.8% |
| Suppliers | 440/4 | €101,520 | €103,382 | +€1,862 | +1.8% |
| Taxes, remuneration and social security | 45 | - | €11,810 | +€11,810 | |
| Taxes | 450/3 | - | €11,810 | +€11,810 | |
| Other amounts payable | 47/48 | €28,027 | €18,985 | -€9,042 | -32.3% |
| Accrued charges and deferred income | 492/3 | €29,528 | €6,222 | -€23,306 | -78.9% |
| Remuneration, social security and pensions | 62 | - | €1,086 | +€1,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,986 | €127,989 | +€6,003 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,257 | - | -€3,257 | |
| Other operating charges | 640/8 | €46,357 | €47,578 | +€1,220 | +2.6% |
| Gross operating margin | 9900 | €139,807 | €112,057 | -€27,750 | -19.8% |
| Operating profit (loss) | 9901 | -€31,793 | -€64,595 | -€32,802 | -103.2% |
| Financial income | 75/76B | €2,270 | €20 | -€2,250 | -99.1% |
| Recurring financial income | 75 | €540 | €20 | -€520 | -96.3% |
| Non-recurring financial income | 76B | €1,730 | - | -€1,730 | |
| Financial charges | 65/66B | €23,282 | €21,358 | -€1,924 | -8.3% |
| Recurring financial charges | 65 | €23,282 | €21,358 | -€1,924 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,805 | -€85,933 | -€33,128 | -62.7% |
| Transfer from deferred taxes | 780 | €11,515 | €26,630 | +€15,115 | +131.3% |
| Profit (loss) for the period | 9904 | -€41,290 | -€59,303 | -€18,013 | -43.6% |
| Transfer from tax-exempt reserves | 789 | €28,192 | €65,197 | +€37,005 | +131.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,099 | €5,894 | +€18,992 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.