SERAFINA: 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.
SERAFINA
Largest movements
- Cash +€14,380
up €14,380 (+596%), from €2,411 to €16,791
mainly Tax, wage and social debts (+€9,316) and Depreciation (+€6,895)
- Receivables within one year -€3,599
down €3,599 (-9.3%), from €38,893 to €35,294
of which Trade receivables: -€15,332
- Tangible fixed assets +€1,781
up €1,781 (+9.2%), from €19,265 to €21,046
of which Plant, machinery and equipment: +€2,828
- Deferred charges and accrued income -€1,050
no longer reported in 2023 (was €1,050)
- Tax, wage and social debts +€9,316
up €9,316 (+83.5%), from €11,161 to €20,477
of which Taxes: +€8,916
- Reserves +€6,797
up €6,797 (+25.7%), from €26,490 to €33,287
of which Distributable reserves: +€6,797
- Other debts -€3,479
down €3,479 (-80.2%), from €4,336 to €857
- Accrued charges and deferred income -€1,122
no longer reported in 2023 (was €1,122)
- Gross operating margin +€4,276
up €4,276 (+24.9%), from €17,140 to €21,416
- Depreciation +€2,699
up €2,699 (+64.3%), from €4,196 to €6,895
- Taxes +€911
up €911 (+28.2%), from €3,232 to €4,143
- Financial charges -€432
down €432 (-17.6%), from €2,453 to €2,021
- Other operating charges +€297
up €297 (+23.1%), from €1,287 to €1,584
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,709 | €73,221 | +€11,512 | +18.7% |
| Fixed assets | 21/28 | €19,355 | €21,136 | +€1,781 | +9.2% |
| Tangible fixed assets | 22/27 | €19,265 | €21,046 | +€1,781 | +9.2% |
| Plant, machinery and equipment | 23 | €1,727 | €4,555 | +€2,828 | +164% |
| Furniture and vehicles | 24 | €17,538 | €16,491 | -€1,047 | -6.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €42,354 | €52,085 | +€9,731 | +23.0% |
| Amounts receivable within one year | 40/41 | €38,893 | €35,294 | -€3,599 | -9.3% |
| Trade receivables | 40 | €37,246 | €21,914 | -€15,332 | -41.2% |
| Other amounts receivable | 41 | €1,647 | €13,380 | +€11,733 | +712% |
| Cash at bank and in hand | 54/58 | €2,411 | €16,791 | +€14,380 | +596% |
| Deferred charges and accrued income | 490/1 | €1,050 | - | -€1,050 | |
| Total equity and liabilities | 10/49 | €61,709 | €73,221 | +€11,512 | +18.7% |
| Equity | 10/15 | €45,090 | €51,887 | +€6,797 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,490 | €33,287 | +€6,797 | +25.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,630 | €31,427 | +€6,797 | +27.6% |
| Amounts payable | 17/49 | €16,619 | €21,334 | +€4,715 | +28.4% |
| Amounts payable within one year | 42/48 | €15,497 | €21,334 | +€5,837 | +37.7% |
| Taxes, remuneration and social security | 45 | €11,161 | €20,477 | +€9,316 | +83.5% |
| Taxes | 450/3 | €11,161 | €20,077 | +€8,916 | +79.9% |
| Remuneration and social security | 454/9 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €4,336 | €857 | -€3,479 | -80.2% |
| Accrued charges and deferred income | 492/3 | €1,122 | - | -€1,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,196 | €6,895 | +€2,699 | +64.3% |
| Other operating charges | 640/8 | €1,287 | €1,584 | +€297 | +23.1% |
| Gross operating margin | 9900 | €17,140 | €21,416 | +€4,276 | +24.9% |
| Operating profit (loss) | 9901 | €11,657 | €12,937 | +€1,280 | +11.0% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Non-recurring financial income | 76B | - | €24 | +€24 | |
| Financial charges | 65/66B | €2,453 | €2,021 | -€432 | -17.6% |
| Recurring financial charges | 65 | €2,453 | €2,021 | -€432 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €9,204 | €10,940 | +€1,736 | +18.9% |
| Income taxes | 67/77 | €3,232 | €4,143 | +€911 | +28.2% |
| Profit (loss) for the period | 9904 | €5,972 | €6,797 | +€825 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,972 | €6,797 | +€825 | +13.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.