Cité Serine: 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.
Cité Serine
Largest movements
- Tangible fixed assets -€181,608
down €181,608 (-6.8%), from €2.7m to €2.5m
of which Other tangible fixed assets: -€165,443
- Cash +€151,060
up €151,060 (+134%), from €112,953 to €264,013
mainly Depreciation (+€194,079) and Receivables within one year (+€79,942)
- Receivables within one year -€79,942
down €79,942 (-19.6%), from €407,632 to €327,690
of which Trade receivables: -€76,699
- Accrued charges and deferred income -€194,779
down €194,779 (-76.1%), from €255,795 to €61,016
- Debts after one year +€75,285
up €75,285 (+2.1%), from €3.6m to €3.6m
- Staff costs +€43,236
up €43,236 (+3.0%), from €1.4m to €1.5m
- Financial charges -€28,922
down €28,922 (-69.3%), from €41,751 to €12,829
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 | €3,189,341 | €3,076,703 | -€112,638 | -3.5% |
| Fixed assets | 21/28 | €2,666,608 | €2,485,000 | -€181,608 | -6.8% |
| Tangible fixed assets | 22/27 | €2,666,608 | €2,485,000 | -€181,608 | -6.8% |
| Land and buildings | 22 | €211,961 | €197,148 | -€14,813 | -7.0% |
| Plant, machinery and equipment | 23 | €15,355 | €21,000 | +€5,645 | +36.8% |
| Furniture and vehicles | 24 | €31,474 | €24,476 | -€6,998 | -22.2% |
| Other tangible fixed assets | 26 | €2,407,819 | €2,242,376 | -€165,443 | -6.9% |
| Current assets | 29/58 | €522,732 | €591,703 | +€68,971 | +13.2% |
| Amounts receivable within one year | 40/41 | €407,632 | €327,690 | -€79,942 | -19.6% |
| Trade receivables | 40 | €186,627 | €109,928 | -€76,699 | -41.1% |
| Other amounts receivable | 41 | €221,005 | €217,762 | -€3,242 | -1.5% |
| Cash at bank and in hand | 54/58 | €112,953 | €264,013 | +€151,060 | +134% |
| Deferred charges and accrued income | 490/1 | €2,147 | - | -€2,147 | |
| Total equity and liabilities | 10/49 | €3,189,341 | €3,076,703 | -€112,638 | -3.5% |
| Equity | 10/15 | -€1,008,535 | -€1,015,131 | -€6,596 | -0.7% |
| Profit (loss) carried forward | 14 | -€1,008,535 | -€1,015,131 | -€6,596 | -0.7% |
| Amounts payable | 17/49 | €4,197,876 | €4,091,835 | -€106,041 | -2.5% |
| Amounts payable after more than one year | 17 | €3,556,885 | €3,632,169 | +€75,285 | +2.1% |
| Financial debts | 170/4 | €3,556,885 | €3,632,169 | +€75,285 | +2.1% |
| Amounts payable within one year | 42/48 | €385,196 | €398,650 | +€13,453 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €115,732 | €116,017 | +€285 | +0.2% |
| Trade debts | 44 | €76,471 | €87,204 | +€10,733 | +14.0% |
| Suppliers | 440/4 | €76,471 | €87,204 | +€10,733 | +14.0% |
| Taxes, remuneration and social security | 45 | €186,095 | €192,526 | +€6,431 | +3.5% |
| Taxes | 450/3 | €22,109 | €10,046 | -€12,063 | -54.6% |
| Remuneration and social security | 454/9 | €163,986 | €182,480 | +€18,494 | +11.3% |
| Accrued charges and deferred income | 492/3 | €255,795 | €61,016 | -€194,779 | -76.1% |
| Non-recurring operating income | 76A | €51,308 | €25,977 | -€25,331 | -49.4% |
| Remuneration, social security and pensions | 62 | €1,442,024 | €1,485,260 | +€43,236 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,505 | €194,079 | +€2,574 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1 | €173 | +€172 | +19,117% |
| Other operating charges | 640/8 | €2,810 | €3,768 | +€957 | +34.1% |
| Non-recurring operating charges | 66A | €3,462 | €11,304 | +€7,842 | +226% |
| Gross operating margin | 9900 | €1,691,225 | €1,685,854 | -€5,371 | -0.3% |
| Operating profit (loss) | 9901 | €65,276 | €5,403 | -€59,873 | -91.7% |
| Financial income | 75/76B | €403 | €978 | +€576 | +143% |
| Recurring financial income | 75 | €403 | €978 | +€576 | +143% |
| Financial charges | 65/66B | €41,751 | €12,829 | -€28,922 | -69.3% |
| Recurring financial charges | 65 | €41,751 | €12,829 | -€28,922 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €23,927 | -€6,448 | -€30,376 | |
| Profit (loss) for the period | 9904 | €23,927 | -€6,448 | -€30,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,927 | -€6,448 | -€30,376 |
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 19 October 2026 via checked.be.