NIEUWE SERRE: 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.
NIEUWE SERRE
Largest movements
- Stocks and contracts +€9,065
up €9,065 (+11.8%), from €76,633 to €85,698
- Tangible fixed assets -€7,636
down €7,636 (-48.9%), from €15,609 to €7,973
- Cash -€1,156
down €1,156 (-30.9%), from €3,741 to €2,585
mainly Other debts (-€18,359) and Debts after one year (-€10,415)
- Short-term financial debts +€19,800
up €19,800 (+208%), from €9,500 to €29,300
- Other debts -€18,359
down €18,359 (-72.4%), from €25,350 to €6,991
- Debts after one year -€10,415
down €10,415 (-59.4%), from €17,543 to €7,128
- Trade debts +€7,941
up €7,941 (+40.3%), from €19,689 to €27,630
- Tax, wage and social debts +€1,084
up €1,084 (+277%), from €392 to €1,476
of which Taxes: +€715
- Gross operating margin -€3,814
down €3,814 (-15.0%), from €25,483 to €21,669
- Staff costs -€1,211
down €1,211 (-9.4%), from €12,881 to €11,670
- Financial income +€703
up €703 (+764%), from €92 to €795
- Financial charges +€466
up €466 (+14.8%), from €3,151 to €3,617
- Depreciation +€411
up €411 (+5.7%), from €7,225 to €7,636
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 | €97,541 | €97,029 | -€512 | -0.5% |
| Fixed assets | 21/28 | €15,609 | €7,973 | -€7,636 | -48.9% |
| Tangible fixed assets | 22/27 | €15,609 | €7,973 | -€7,636 | -48.9% |
| Land and buildings | 22 | €6,203 | €2,714 | -€3,489 | -56.2% |
| Plant, machinery and equipment | 23 | €2,852 | €119 | -€2,733 | -95.8% |
| Furniture and vehicles | 24 | €6,554 | €5,140 | -€1,414 | -21.6% |
| Current assets | 29/58 | €81,932 | €89,056 | +€7,124 | +8.7% |
| Stocks and contracts in progress | 3 | €76,633 | €85,698 | +€9,065 | +11.8% |
| Stocks | 30/36 | €76,633 | €85,698 | +€9,065 | +11.8% |
| Amounts receivable within one year | 40/41 | €1,541 | €757 | -€784 | -50.9% |
| Trade receivables | 40 | €1,429 | €757 | -€672 | -47.0% |
| Other amounts receivable | 41 | €112 | - | -€112 | |
| Current investments | 50/53 | €17 | €16 | -€1 | -5.9% |
| Cash at bank and in hand | 54/58 | €3,741 | €2,585 | -€1,156 | -30.9% |
| Total equity and liabilities | 10/49 | €97,541 | €97,029 | -€512 | -0.5% |
| Equity | 10/15 | €14,967 | €14,087 | -€880 | -5.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €7,200 | €7,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,233 | -€193,113 | -€880 | -0.5% |
| Amounts payable | 17/49 | €82,574 | €82,942 | +€368 | +0.4% |
| Amounts payable after more than one year | 17 | €17,543 | €7,128 | -€10,415 | -59.4% |
| Financial debts | 170/4 | €17,543 | €7,128 | -€10,415 | -59.4% |
| Amounts payable within one year | 42/48 | €65,031 | €75,814 | +€10,783 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €10,100 | €10,417 | +€317 | +3.1% |
| Financial debts | 43 | €9,500 | €29,300 | +€19,800 | +208% |
| Credit institutions | 430/8 | €9,500 | €29,300 | +€19,800 | +208% |
| Trade debts | 44 | €19,689 | €27,630 | +€7,941 | +40.3% |
| Suppliers | 440/4 | €19,689 | €27,630 | +€7,941 | +40.3% |
| Taxes, remuneration and social security | 45 | €392 | €1,476 | +€1,084 | +277% |
| Taxes | 450/3 | - | €715 | +€715 | |
| Remuneration and social security | 454/9 | €392 | €761 | +€369 | +94.1% |
| Other amounts payable | 47/48 | €25,350 | €6,991 | -€18,359 | -72.4% |
| Remuneration, social security and pensions | 62 | €12,881 | €11,670 | -€1,211 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €7,636 | +€411 | +5.7% |
| Other operating charges | 640/8 | €361 | €421 | +€60 | +16.6% |
| Gross operating margin | 9900 | €25,483 | €21,669 | -€3,814 | -15.0% |
| Operating profit (loss) | 9901 | €5,016 | €1,942 | -€3,074 | -61.3% |
| Financial income | 75/76B | €92 | €795 | +€703 | +764% |
| Recurring financial income | 75 | €92 | €795 | +€703 | +764% |
| Financial charges | 65/66B | €3,151 | €3,617 | +€466 | +14.8% |
| Recurring financial charges | 65 | €3,151 | €3,617 | +€466 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €1,957 | -€880 | -€2,837 | |
| Profit (loss) for the period | 9904 | €1,957 | -€880 | -€2,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,957 | -€880 | -€2,837 |
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 31 October 2026 via checked.be.