SERVMOT: 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.
SERVMOT
Largest movements
- Cash +€5.7m
up €5.7m (+1068.1%), from €535,435 to €6.3m
mainly Net result for the year (+€5.0m) and Tax, wage and social debts (+€1.3m)
- Reserves +€5.0m
up €5.0m (+5029.8%), from €98,553 to €5.1m
- Tax, wage and social debts +€1.3m
up €1.3m (+5102.9%), from €25,554 to €1.3m
of which Taxes: +€1.3m
- Other debts -€459,679
down €459,679 (-58.3%), from €789,117 to €329,438
- Gross operating margin +€6.1m
up €6.1m (+1079.8%), from €562,730 to €6.6m
- Taxes +€1.5m
up €1.5m (+1068.7%), from €142,851 to €1.7m
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 | €971,728 | €6,734,262 | +€5.8m | +593.0% |
| Fixed assets | 21/28 | €48,930 | €86,112 | +€37,182 | +76.0% |
| Tangible fixed assets | 22/27 | €48,930 | €86,112 | +€37,182 | +76.0% |
| Plant, machinery and equipment | 23 | €1,541 | €578 | -€962 | -62.5% |
| Furniture and vehicles | 24 | €42,976 | €82,073 | +€39,098 | +91.0% |
| Other tangible fixed assets | 26 | €4,414 | €3,461 | -€953 | -21.6% |
| Current assets | 29/58 | €922,798 | €6,648,149 | +€5.7m | +620.4% |
| Amounts receivable after more than one year | 29 | €309,262 | €324,262 | +€15,000 | +4.9% |
| Other amounts receivable | 291 | €309,262 | €324,262 | +€15,000 | +4.9% |
| Amounts receivable within one year | 40/41 | €76,419 | €66,931 | -€9,487 | -12.4% |
| Trade receivables | 40 | €65,269 | €66,931 | +€1,663 | +2.5% |
| Other amounts receivable | 41 | €11,150 | €0 | -€11,150 | -100.0% |
| Cash at bank and in hand | 54/58 | €535,435 | €6,254,346 | +€5.7m | +1068.1% |
| Deferred charges and accrued income | 490/1 | €1,682 | €2,610 | +€928 | +55.2% |
| Total equity and liabilities | 10/49 | €971,728 | €6,734,262 | +€5.8m | +593.0% |
| Equity | 10/15 | €117,103 | €5,074,131 | +€5.0m | +4233.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €98,553 | €5,055,581 | +€5.0m | +5029.8% |
| Distributable reserves | 133 | €98,553 | €5,055,581 | +€5.0m | +5029.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €854,626 | €1,660,131 | +€805,506 | +94.3% |
| Amounts payable within one year | 42/48 | €854,626 | €1,660,131 | +€805,506 | +94.3% |
| Trade debts | 44 | €39,955 | €1,159 | -€38,796 | -97.1% |
| Suppliers | 440/4 | €39,955 | €1,159 | -€38,796 | -97.1% |
| Taxes, remuneration and social security | 45 | €25,554 | €1,329,534 | +€1.3m | +5102.9% |
| Taxes | 450/3 | €8,054 | €1,312,034 | +€1.3m | +16191.4% |
| Remuneration and social security | 454/9 | €17,500 | €17,500 | = | 0.0% |
| Other amounts payable | 47/48 | €789,117 | €329,438 | -€459,679 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,702 | €22,946 | +€9,244 | +67.5% |
| Other operating charges | 640/8 | €3,937 | €4,268 | +€331 | +8.4% |
| Gross operating margin | 9900 | €562,730 | €6,638,933 | +€6.1m | +1079.8% |
| Operating profit (loss) | 9901 | €545,092 | €6,611,719 | +€6.1m | +1113.0% |
| Financial income | 75/76B | €9,296 | €15,001 | +€5,705 | +61.4% |
| Recurring financial income | 75 | €9,296 | €15,001 | +€5,705 | +61.4% |
| Financial charges | 65/66B | €133 | €131 | -€2 | -1.3% |
| Recurring financial charges | 65 | €133 | €131 | -€2 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €554,254 | €6,626,589 | +€6.1m | +1095.6% |
| Income taxes | 67/77 | €142,851 | €1,669,560 | +€1.5m | +1068.7% |
| Profit (loss) for the period | 9904 | €411,404 | €4,957,028 | +€4.5m | +1104.9% |
| Profit (loss) for the period to be appropriated | 9905 | €411,404 | €4,957,028 | +€4.5m | +1104.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.