Sarina Cerpentier: 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.
Sarina Cerpentier
Largest movements
- Receivables within one year +€33,753
up €33,753 (+44.2%), from €76,321 to €110,073
of which Trade receivables: +€26,214
- Cash +€29,247
up €29,247 (+333%), from €8,783 to €38,030
mainly Net result for the year (+€55,232) and Other debts (+€6,723)
- Deferred charges and accrued income -€1,626
down €1,626 (-77.1%), from €2,110 to €484
- Reserves +€55,232
up €55,232 (+114%), from €48,469 to €103,701
- Other debts +€6,723
up €6,723 (+47.1%), from €14,279 to €21,002
- Gross operating margin +€57,237
up €57,237 (+530%), from €10,809 to €68,046
- Taxes +€11,720
up €11,720 (+403%), from €2,906 to €14,626
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 | €87,984 | €148,587 | +€60,603 | +68.9% |
| Fixed assets | 21/28 | €770 | €0 | -€770 | -100% |
| Tangible fixed assets | 22/27 | €770 | €0 | -€770 | -100% |
| Furniture and vehicles | 24 | €770 | €0 | -€770 | -100% |
| Current assets | 29/58 | €87,214 | €148,587 | +€61,373 | +70.4% |
| Amounts receivable within one year | 40/41 | €76,321 | €110,073 | +€33,753 | +44.2% |
| Trade receivables | 40 | €15,488 | €41,702 | +€26,214 | +169% |
| Other amounts receivable | 41 | €60,833 | €68,372 | +€7,539 | +12.4% |
| Cash at bank and in hand | 54/58 | €8,783 | €38,030 | +€29,247 | +333% |
| Deferred charges and accrued income | 490/1 | €2,110 | €484 | -€1,626 | -77.1% |
| Total equity and liabilities | 10/49 | €87,984 | €148,587 | +€60,603 | +68.9% |
| Equity | 10/15 | €50,469 | €105,701 | +€55,232 | +109% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,469 | €103,701 | +€55,232 | +114% |
| Distributable reserves | 133 | €48,469 | €103,701 | +€55,232 | +114% |
| Amounts payable | 17/49 | €37,515 | €42,886 | +€5,370 | +14.3% |
| Amounts payable within one year | 42/48 | €37,515 | €42,886 | +€5,370 | +14.3% |
| Financial debts | 43 | €2,373 | €1,537 | -€836 | -35.2% |
| Credit institutions | 430/8 | €2,373 | €1,537 | -€836 | -35.2% |
| Trade debts | 44 | €5,482 | €5,420 | -€62 | -1.1% |
| Suppliers | 440/4 | €5,482 | €5,420 | -€62 | -1.1% |
| Taxes, remuneration and social security | 45 | €15,381 | €14,927 | -€455 | -3.0% |
| Taxes | 450/3 | €11,672 | €14,927 | +€3,255 | +27.9% |
| Remuneration and social security | 454/9 | €3,709 | €0 | -€3,709 | -100% |
| Other amounts payable | 47/48 | €14,279 | €21,002 | +€6,723 | +47.1% |
| Non-recurring operating income | 76A | - | €10,800 | +€10,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426 | €0 | -€426 | -100% |
| Other operating charges | 640/8 | €1,161 | €939 | -€222 | -19.1% |
| Gross operating margin | 9900 | €10,809 | €68,046 | +€57,237 | +530% |
| Operating profit (loss) | 9901 | €9,222 | €67,107 | +€57,885 | +628% |
| Financial income | 75/76B | €3,335 | €3,308 | -€28 | -0.8% |
| Recurring financial income | 75 | €3,335 | €3,308 | -€28 | -0.8% |
| Financial charges | 65/66B | €685 | €556 | -€129 | -18.8% |
| Recurring financial charges | 65 | €685 | €556 | -€129 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €11,872 | €69,859 | +€57,987 | +488% |
| Income taxes | 67/77 | €2,906 | €14,626 | +€11,720 | +403% |
| Profit (loss) for the period | 9904 | €8,966 | €55,232 | +€46,266 | +516% |
| Profit (loss) for the period to be appropriated | 9905 | €8,966 | €55,232 | +€46,266 | +516% |
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 18 October 2026 via checked.be.