AL SERSIM: 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.
AL SERSIM
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts +€1,293
up €1,293 (+141.1%), from €916 to €2,210
- Profit (loss) carried forward -€1,081
down €1,081 (-16.0%), from €6,765 to €5,683
- Tax, wage and social debts -€342
down €342 (-90.7%), from €377 to €35
- Gross operating margin -€1,626
down €1,626, from €973 to -€653
- Other operating charges -€370
down €370 (-47.9%), from €772 to €402
- Financial charges -€44
down €44 (-62.4%), from €70 to €26
- Taxes -€35
no longer reported in 2025 (was €35)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,503 | €18,449 | -€54 | -0.3% |
| Current assets | 29/58 | €18,503 | €18,449 | -€54 | -0.3% |
| Amounts receivable within one year | 40/41 | €18,503 | €18,449 | -€54 | -0.3% |
| Trade receivables | 40 | €2,923 | €2,787 | -€136 | -4.7% |
| Other amounts receivable | 41 | €15,581 | €15,663 | +€82 | +0.5% |
| Total equity and liabilities | 10/49 | €18,503 | €18,449 | -€54 | -0.3% |
| Equity | 10/15 | €16,725 | €15,643 | -€1,081 | -6.5% |
| Contributions | 10/11 | €8,100 | €8,100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,765 | €5,683 | -€1,081 | -16.0% |
| Amounts payable | 17/49 | €1,779 | €2,806 | +€1,027 | +57.8% |
| Amounts payable within one year | 42/48 | €1,779 | €2,806 | +€1,027 | +57.8% |
| Financial debts | 43 | €1 | €77 | +€76 | +6558.6% |
| Credit institutions | 430/8 | €1 | €77 | +€76 | +6558.6% |
| Trade debts | 44 | €916 | €2,210 | +€1,293 | +141.1% |
| Suppliers | 440/4 | €916 | €2,210 | +€1,293 | +141.1% |
| Taxes, remuneration and social security | 45 | €377 | €35 | -€342 | -90.7% |
| Taxes | 450/3 | €377 | €35 | -€342 | -90.7% |
| Other amounts payable | 47/48 | €484 | €484 | = | 0.0% |
| Other operating charges | 640/8 | €772 | €402 | -€370 | -47.9% |
| Gross operating margin | 9900 | €973 | -€653 | -€1,626 | |
| Operating profit (loss) | 9901 | €201 | -€1,055 | -€1,256 | |
| Financial charges | 65/66B | €70 | €26 | -€44 | -62.4% |
| Recurring financial charges | 65 | €70 | €26 | -€44 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €131 | -€1,081 | -€1,213 | |
| Income taxes | 67/77 | €35 | - | -€35 | |
| Profit (loss) for the period | 9904 | €96 | -€1,081 | -€1,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €96 | -€1,081 | -€1,178 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.