SERVOTECH: 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.
SERVOTECH
Largest movements
- Receivables within one year +€5,583
up €5,583 (+108.4%), from €5,152 to €10,735
of which Trade receivables: +€8,083
- Cash -€3,995
down €3,995 (-100.0%), from €3,996 to €1
mainly Receivables within one year (-€5,583) and Net result for the year (-€5,500)
- Tangible fixed assets -€1,783
down €1,783 (-67.2%), from €2,655 to €872
- Deferred charges and accrued income +€984
new in 2025: €984
- Profit (loss) carried forward -€5,500
down €5,500 (-25.6%), from -€21,477 to -€26,977
- Other debts +€3,496
up €3,496 (+15.6%), from €22,355 to €25,851
- Trade debts +€1,686
up €1,686 (+69.5%), from €2,424 to €4,110
- Short-term financial debts +€1,113
new in 2025: €1,113
- Gross operating margin -€4,065
down €4,065, from €431 to -€3,634
- Other operating charges -€164
no longer reported in 2025 (was €164)
- Depreciation -€94
down €94 (-5.0%), from €1,878 to €1,783
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 | €11,803 | €12,592 | +€789 | +6.7% |
| Fixed assets | 21/28 | €2,655 | €872 | -€1,783 | -67.2% |
| Tangible fixed assets | 22/27 | €2,655 | €872 | -€1,783 | -67.2% |
| Furniture and vehicles | 24 | €2,655 | €872 | -€1,783 | -67.2% |
| Current assets | 29/58 | €9,148 | €11,720 | +€2,573 | +28.1% |
| Amounts receivable within one year | 40/41 | €5,152 | €10,735 | +€5,583 | +108.4% |
| Trade receivables | 40 | €1,650 | €9,733 | +€8,083 | +489.8% |
| Other amounts receivable | 41 | €3,501 | €1,001 | -€2,500 | -71.4% |
| Cash at bank and in hand | 54/58 | €3,996 | €1 | -€3,995 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €984 | +€984 | |
| Total equity and liabilities | 10/49 | €11,803 | €12,592 | +€789 | +6.7% |
| Equity | 10/15 | -€15,280 | -€20,779 | -€5,500 | -36.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,477 | -€26,977 | -€5,500 | -25.6% |
| Amounts payable | 17/49 | €27,083 | €33,372 | +€6,289 | +23.2% |
| Amounts payable within one year | 42/48 | €27,083 | €33,372 | +€6,289 | +23.2% |
| Financial debts | 43 | - | €1,113 | +€1,113 | |
| Credit institutions | 430/8 | - | €1,113 | +€1,113 | |
| Trade debts | 44 | €2,424 | €4,110 | +€1,686 | +69.5% |
| Suppliers | 440/4 | €2,424 | €4,110 | +€1,686 | +69.5% |
| Taxes, remuneration and social security | 45 | €2,303 | €2,298 | -€5 | -0.2% |
| Taxes | 450/3 | €2,303 | €2,298 | -€5 | -0.2% |
| Other amounts payable | 47/48 | €22,355 | €25,851 | +€3,496 | +15.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,012 | - | -€1,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €1,783 | -€94 | -5.0% |
| Other operating charges | 640/8 | €164 | - | -€164 | |
| Gross operating margin | 9900 | €431 | -€3,634 | -€4,065 | |
| Operating profit (loss) | 9901 | -€1,610 | -€5,417 | -€3,806 | -236.4% |
| Financial income | 75/76B | €53 | €25 | -€28 | -52.7% |
| Recurring financial income | 75 | €53 | €25 | -€28 | -52.7% |
| Financial charges | 65/66B | €109 | €108 | -€1 | -1.2% |
| Recurring financial charges | 65 | €109 | €108 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,666 | -€5,500 | -€3,833 | -230.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,666 | -€5,500 | -€3,833 | -230.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,666 | -€5,500 | -€3,833 | -230.0% |
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 28 September 2026 via checked.be.