SERVOETS: 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.
SERVOETS
Largest movements
- Tangible fixed assets -€21,944
down €21,944 (-11.9%), from €184,796 to €162,852
of which Land and buildings: -€18,652
- Cash +€19,615
up €19,615 (+294.4%), from €6,663 to €26,278
mainly Net result for the year (+€23,490) and Depreciation (+€21,944)
- Receivables within one year +€4,464
up €4,464 (+22.8%), from €19,564 to €24,028
- Profit (loss) carried forward +€23,490
up €23,490 (+55.6%), from -€42,255 to -€18,765
- Other debts -€20,484
down €20,484 (-48.4%), from €42,290 to €21,806
- Debts after one year -€14,835
down €14,835 (-8.4%), from €177,336 to €162,501
- Accrued charges and deferred income +€13,200
up €13,200 (+102.5%), from €12,874 to €26,074
- Gross operating margin +€11,730
up €11,730 (+28.3%), from €41,515 to €53,244
- Depreciation -€2,386
down €2,386 (-9.8%), from €24,330 to €21,944
- Financial charges -€841
down €841 (-12.7%), from €6,629 to €5,788
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 | €212,636 | €214,782 | +€2,146 | +1.0% |
| Fixed assets | 21/28 | €184,796 | €162,852 | -€21,944 | -11.9% |
| Tangible fixed assets | 22/27 | €184,796 | €162,852 | -€21,944 | -11.9% |
| Land and buildings | 22 | €178,142 | €159,490 | -€18,652 | -10.5% |
| Plant, machinery and equipment | 23 | €3,571 | €1,694 | -€1,877 | -52.6% |
| Furniture and vehicles | 24 | €3,084 | €1,668 | -€1,416 | -45.9% |
| Current assets | 29/58 | €27,839 | €51,930 | +€24,091 | +86.5% |
| Amounts receivable within one year | 40/41 | €19,564 | €24,028 | +€4,464 | +22.8% |
| Trade receivables | 40 | €19,564 | €24,028 | +€4,464 | +22.8% |
| Cash at bank and in hand | 54/58 | €6,663 | €26,278 | +€19,615 | +294.4% |
| Deferred charges and accrued income | 490/1 | €1,613 | €1,625 | +€12 | +0.7% |
| Total equity and liabilities | 10/49 | €212,636 | €214,782 | +€2,146 | +1.0% |
| Equity | 10/15 | -€36,055 | -€12,565 | +€23,490 | +65.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,255 | -€18,765 | +€23,490 | +55.6% |
| Amounts payable | 17/49 | €248,691 | €227,347 | -€21,344 | -8.6% |
| Amounts payable after more than one year | 17 | €177,336 | €162,501 | -€14,835 | -8.4% |
| Financial debts | 170/4 | €177,336 | €162,501 | -€14,835 | -8.4% |
| Amounts payable within one year | 42/48 | €58,481 | €38,772 | -€19,709 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €14,419 | €14,835 | +€416 | +2.9% |
| Trade debts | 44 | €1,772 | €2,131 | +€359 | +20.2% |
| Suppliers | 440/4 | €1,772 | €2,131 | +€359 | +20.2% |
| Other amounts payable | 47/48 | €42,290 | €21,806 | -€20,484 | -48.4% |
| Accrued charges and deferred income | 492/3 | €12,874 | €26,074 | +€13,200 | +102.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,330 | €21,944 | -€2,386 | -9.8% |
| Other operating charges | 640/8 | €1,817 | €2,022 | +€204 | +11.2% |
| Gross operating margin | 9900 | €41,515 | €53,244 | +€11,730 | +28.3% |
| Operating profit (loss) | 9901 | €15,367 | €29,278 | +€13,911 | +90.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €6,629 | €5,788 | -€841 | -12.7% |
| Recurring financial charges | 65 | €6,629 | €5,788 | -€841 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €8,738 | €23,490 | +€14,752 | +168.8% |
| Profit (loss) for the period | 9904 | €8,738 | €23,490 | +€14,752 | +168.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,738 | €23,490 | +€14,752 | +168.8% |
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.