Serabent: 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.
Serabent
Largest movements
- Receivables within one year -€524,016
down €524,016 (-99.5%), from €526,495 to €2,479
of which Other amounts receivable: -€523,720
- Current investments +€312,736
new in 2025: €312,736
- Cash -€150,878
down €150,878 (-54.0%), from €279,268 to €128,390
mainly Accrued charges and deferred income (-€694,481) and Current investments (-€312,736)
- Stocks and contracts -€99,962
no longer reported in 2025 (was €99,962)
- Accrued charges and deferred income -€694,481
no longer reported in 2025 (was €694,481)
- Reserves +€261,024
up €261,024 (+2336.8%), from €11,170 to €272,194
of which Distributable reserves: +€261,024
- Contributions -€250,000
down €250,000 (-61.2%), from €408,594 to €158,594
- Profit (loss) carried forward +€200,038
no longer reported in 2025 (was -€200,038)
- Other debts +€23,365
new in 2025: €23,365
- Gross operating margin +€601,431
up €601,431, from -€35,298 to €566,134
- Taxes +€112,906
up €112,906 (+87395.0%), from €129 to €113,035
- Financial income +€9,978
up €9,978 (+114.4%), from €8,725 to €18,703
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 | €932,464 | €461,698 | -€470,767 | -50.5% |
| Fixed assets | 21/28 | €25,164 | €18,093 | -€7,070 | -28.1% |
| Tangible fixed assets | 22/27 | €25,164 | €18,093 | -€7,070 | -28.1% |
| Furniture and vehicles | 24 | €25,164 | €18,093 | -€7,070 | -28.1% |
| Current assets | 29/58 | €907,301 | €443,605 | -€463,696 | -51.1% |
| Stocks and contracts in progress | 3 | €99,962 | - | -€99,962 | |
| Stocks | 30/36 | €99,962 | - | -€99,962 | |
| Amounts receivable within one year | 40/41 | €526,495 | €2,479 | -€524,016 | -99.5% |
| Trade receivables | 40 | €297 | - | -€297 | |
| Other amounts receivable | 41 | €526,198 | €2,479 | -€523,720 | -99.5% |
| Current investments | 50/53 | - | €312,736 | +€312,736 | |
| Cash at bank and in hand | 54/58 | €279,268 | €128,390 | -€150,878 | -54.0% |
| Deferred charges and accrued income | 490/1 | €1,576 | - | -€1,576 | |
| Total equity and liabilities | 10/49 | €932,464 | €461,698 | -€470,767 | -50.5% |
| Equity | 10/15 | €219,726 | €430,788 | +€211,062 | +96.1% |
| Contributions | 10/11 | €408,594 | €158,594 | -€250,000 | -61.2% |
| Reserves | 13 | €11,170 | €272,194 | +€261,024 | +2336.8% |
| Tax-exempt reserves | 132 | €5,102 | €5,102 | = | 0.0% |
| Distributable reserves | 133 | €6,068 | €267,092 | +€261,024 | +4301.4% |
| Profit (loss) carried forward | 14 | -€200,038 | - | +€200,038 | |
| Amounts payable | 17/49 | €712,738 | €30,909 | -€681,829 | -95.7% |
| Amounts payable within one year | 42/48 | €18,257 | €30,909 | +€12,652 | +69.3% |
| Financial debts | 43 | €15 | - | -€15 | |
| Credit institutions | 430/8 | €15 | - | -€15 | |
| Trade debts | 44 | €17,998 | €39 | -€17,960 | -99.8% |
| Suppliers | 440/4 | €17,998 | €39 | -€17,960 | -99.8% |
| Taxes, remuneration and social security | 45 | €244 | €7,506 | +€7,262 | +2973.8% |
| Taxes | 450/3 | €244 | €7,506 | +€7,262 | +2973.8% |
| Other amounts payable | 47/48 | - | €23,365 | +€23,365 | |
| Accrued charges and deferred income | 492/3 | €694,481 | - | -€694,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,121 | €8,646 | +€525 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,040 | - | -€1,040 | |
| Other operating charges | 640/8 | €1,508 | €2,080 | +€572 | +37.9% |
| Gross operating margin | 9900 | -€35,298 | €566,134 | +€601,431 | |
| Operating profit (loss) | 9901 | -€45,966 | €555,408 | +€601,374 | |
| Financial income | 75/76B | €8,725 | €18,703 | +€9,978 | +114.4% |
| Recurring financial income | 75 | €8,725 | €18,703 | +€9,978 | +114.4% |
| Financial charges | 65/66B | €25 | €14 | -€11 | -44.3% |
| Recurring financial charges | 65 | €25 | €14 | -€11 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,267 | €574,097 | +€611,363 | |
| Income taxes | 67/77 | €129 | €113,035 | +€112,906 | +87395.0% |
| Profit (loss) for the period | 9904 | -€37,396 | €461,062 | +€498,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,396 | €461,062 | +€498,458 |
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.