LA SERRURE: 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.
LA SERRURE
Largest movements
- Cash -€40,934
down €40,934 (-74.6%), from €54,839 to €13,905
mainly Net result for the year (-€45,865) and Other debts (-€3,766)
- Tangible fixed assets -€5,805
down €5,805 (-51.7%), from €11,232 to €5,426
- Stocks and contracts -€3,237
down €3,237 (-72.6%), from €4,456 to €1,220
- Profit (loss) carried forward -€45,865
down €45,865 (-5444.1%), from -€842 to -€46,707
- Other debts -€3,766
no longer reported in 2025 (was €3,766)
- Tax, wage and social debts -€999
down €999 (-96.4%), from €1,036 to €37
- Gross operating margin -€83,039
down €83,039, from €35,981 to -€47,058
- Staff costs -€24,172
down €24,172 (-82.2%), from €29,397 to €5,225
- Financial income +€13,888
up €13,888 (+23146416.7%), from €0 to €13,888
of which Non-recurring financial income: +€13,887
- Depreciation -€3,342
down €3,342 (-37.8%), from €8,845 to €5,504
- Other operating charges +€920
up €920 (+113.6%), from €810 to €1,731
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 | €72,345 | €21,471 | -€50,873 | -70.3% |
| Fixed assets | 21/28 | €11,352 | €5,546 | -€5,805 | -51.1% |
| Tangible fixed assets | 22/27 | €11,232 | €5,426 | -€5,805 | -51.7% |
| Plant, machinery and equipment | 23 | €4,585 | €1,776 | -€2,809 | -61.3% |
| Furniture and vehicles | 24 | €1,462 | €646 | -€816 | -55.8% |
| Other tangible fixed assets | 26 | €5,185 | €3,004 | -€2,181 | -42.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €60,993 | €15,925 | -€45,068 | -73.9% |
| Stocks and contracts in progress | 3 | €4,456 | €1,220 | -€3,237 | -72.6% |
| Stocks | 30/36 | €4,456 | €1,220 | -€3,237 | -72.6% |
| Amounts receivable within one year | 40/41 | €595 | €227 | -€368 | -61.8% |
| Trade receivables | 40 | €397 | - | -€397 | |
| Other amounts receivable | 41 | €198 | €227 | +€30 | +15.0% |
| Cash at bank and in hand | 54/58 | €54,839 | €13,905 | -€40,934 | -74.6% |
| Deferred charges and accrued income | 490/1 | €1,103 | €573 | -€530 | -48.0% |
| Total equity and liabilities | 10/49 | €72,345 | €21,471 | -€50,873 | -70.3% |
| Equity | 10/15 | €66,674 | €20,809 | -€45,865 | -68.8% |
| Contributions | 10/11 | €56,197 | €56,197 | = | 0.0% |
| Reserves | 13 | €11,319 | €11,319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €10,119 | €10,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€842 | -€46,707 | -€45,865 | -5444.1% |
| Amounts payable | 17/49 | €5,671 | €662 | -€5,009 | -88.3% |
| Amounts payable within one year | 42/48 | €5,539 | €637 | -€4,901 | -88.5% |
| Trade debts | 44 | €737 | €600 | -€137 | -18.6% |
| Suppliers | 440/4 | €737 | €600 | -€137 | -18.6% |
| Taxes, remuneration and social security | 45 | €1,036 | €37 | -€999 | -96.4% |
| Taxes | 450/3 | €1,036 | €37 | -€999 | -96.4% |
| Other amounts payable | 47/48 | €3,766 | - | -€3,766 | |
| Accrued charges and deferred income | 492/3 | €132 | €25 | -€107 | -81.1% |
| Non-recurring operating income | 76A | €183 | - | -€183 | |
| Remuneration, social security and pensions | 62 | €29,397 | €5,225 | -€24,172 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,845 | €5,504 | -€3,342 | -37.8% |
| Other operating charges | 640/8 | €810 | €1,731 | +€920 | +113.6% |
| Gross operating margin | 9900 | €35,981 | -€47,058 | -€83,039 | |
| Operating profit (loss) | 9901 | -€3,072 | -€59,517 | -€56,445 | -1837.7% |
| Financial income | 75/76B | €0 | €13,888 | +€13,888 | +23146416.7% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +733.3% |
| Non-recurring financial income | 76B | - | €13,887 | +€13,887 | |
| Financial charges | 65/66B | €230 | €236 | +€6 | +2.7% |
| Recurring financial charges | 65 | €230 | €236 | +€6 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,301 | -€45,865 | -€42,564 | -1289.3% |
| Profit (loss) for the period | 9904 | -€3,301 | -€45,865 | -€42,564 | -1289.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,301 | -€45,865 | -€42,564 | -1289.3% |
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 12 October 2026 via checked.be.