Servotronic: 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.
Servotronic
Largest movements
- Cash +€143,059
up €143,059 (+153%), from €93,470 to €236,529
mainly Trade debts (+€102,397) and Stocks and contracts (+€83,011)
- Stocks and contracts -€83,011
down €83,011 (-44.6%), from €186,182 to €103,172
- Receivables within one year -€31,277
down €31,277 (-31.0%), from €101,046 to €69,769
of which Other amounts receivable: -€39,384
- Deferred charges and accrued income -€6,658
down €6,658 (-93.6%), from €7,114 to €457
- Tangible fixed assets +€5,656
up €5,656 (+143%), from €3,949 to €9,605
of which Furniture and vehicles: +€6,259
- Trade debts +€102,397
up €102,397 (+381%), from €26,857 to €129,255
- Reserves -€64,470
down €64,470 (-20.1%), from €320,805 to €256,335
- Tax, wage and social debts -€6,562
no longer reported in 2025 (was €6,562)
- Gross operating margin +€19,822
up €19,822 (+29.8%), from €66,553 to €86,375
- Taxes +€7,662
up €7,662 (+48.4%), from €15,830 to €23,493
- Financial charges -€6,371
down €6,371 (-67.1%), from €9,491 to €3,120
- Other operating charges +€1,319
up €1,319 (+188%), from €701 to €2,020
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.
Derived cash bridge
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 | €391,762 | €419,532 | +€27,770 | +7.1% |
| Fixed assets | 21/28 | €3,949 | €9,605 | +€5,656 | +143% |
| Tangible fixed assets | 22/27 | €3,949 | €9,605 | +€5,656 | +143% |
| Plant, machinery and equipment | 23 | €738 | €135 | -€603 | -81.7% |
| Furniture and vehicles | 24 | €3,211 | €9,470 | +€6,259 | +195% |
| Current assets | 29/58 | €387,813 | €409,926 | +€22,114 | +5.7% |
| Stocks and contracts in progress | 3 | €186,182 | €103,172 | -€83,011 | -44.6% |
| Stocks | 30/36 | €186,182 | €103,172 | -€83,011 | -44.6% |
| Amounts receivable within one year | 40/41 | €101,046 | €69,769 | -€31,277 | -31.0% |
| Trade receivables | 40 | €41,185 | €49,292 | +€8,107 | +19.7% |
| Other amounts receivable | 41 | €59,861 | €20,477 | -€39,384 | -65.8% |
| Cash at bank and in hand | 54/58 | €93,470 | €236,529 | +€143,059 | +153% |
| Deferred charges and accrued income | 490/1 | €7,114 | €457 | -€6,658 | -93.6% |
| Total equity and liabilities | 10/49 | €391,762 | €419,532 | +€27,770 | +7.1% |
| Equity | 10/15 | €344,743 | €280,277 | -€64,466 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,805 | €256,335 | -€64,470 | -20.1% |
| Distributable reserves | 133 | €320,805 | €256,335 | -€64,470 | -20.1% |
| Profit (loss) carried forward | 14 | €5,338 | €5,342 | +€4 | +0.1% |
| Amounts payable | 17/49 | €47,019 | €139,255 | +€92,236 | +196% |
| Amounts payable within one year | 42/48 | €47,019 | €139,255 | +€92,236 | +196% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €26,857 | €129,255 | +€102,397 | +381% |
| Suppliers | 440/4 | €26,857 | €129,255 | +€102,397 | +381% |
| Taxes, remuneration and social security | 45 | €6,562 | - | -€6,562 | |
| Taxes | 450/3 | €6,562 | - | -€6,562 | |
| Other amounts payable | 47/48 | €3,600 | - | -€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €950 | +€87 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €296 | - | -€296 | |
| Other operating charges | 640/8 | €701 | €2,020 | +€1,319 | +188% |
| Gross operating margin | 9900 | €66,553 | €86,375 | +€19,822 | +29.8% |
| Operating profit (loss) | 9901 | €64,693 | €83,405 | +€18,713 | +28.9% |
| Financial income | 75/76B | €3,937 | €3,241 | -€697 | -17.7% |
| Recurring financial income | 75 | €3,937 | €3,241 | -€697 | -17.7% |
| Financial charges | 65/66B | €9,491 | €3,120 | -€6,371 | -67.1% |
| Recurring financial charges | 65 | €9,491 | €3,120 | -€6,371 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €59,139 | €83,527 | +€24,387 | +41.2% |
| Income taxes | 67/77 | €15,830 | €23,493 | +€7,662 | +48.4% |
| Profit (loss) for the period | 9904 | €43,309 | €60,034 | +€16,725 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,309 | €60,034 | +€16,725 | +38.6% |
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 24 October 2026 via checked.be.