SERAL: 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.
SERAL
Largest movements
- Receivables within one year -€9,742
down €9,742 (-45.1%), from €21,612 to €11,870
of which Other amounts receivable: -€5,230
- Cash -€300
down €300 (-77.5%), from €388 to €87
mainly Net result for the year (-€14,647) and Tax, wage and social debts (-€3,748)
- Profit (loss) carried forward -€14,647
down €14,647, from €15 to -€14,632
- Trade debts +€8,353
up €8,353 (+786%), from €1,063 to €9,416
- Tax, wage and social debts -€3,748
down €3,748 (-99.9%), from €3,751 to €3
of which Remuneration and social security: -€1,988
- Gross operating margin -€16,029
down €16,029, from €6,469 to -€9,560
- Turnover -€8,380
no longer reported in 2023 (was €8,380)
- Staff costs -€2,163
down €2,163 (-33.5%), from €6,450 to €4,287
- Purchases and services -€1,914
no longer reported in 2023 (was €1,914)
- Financial charges +€540
new in 2023: €540
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 | €23,429 | €13,387 | -€10,042 | -42.9% |
| Fixed assets | 21/28 | €1,430 | €1,430 | = | 0.0% |
| Financial fixed assets | 28 | €1,430 | €1,430 | = | 0.0% |
| Current assets | 29/58 | €21,999 | €11,957 | -€10,042 | -45.6% |
| Amounts receivable within one year | 40/41 | €21,612 | €11,870 | -€9,742 | -45.1% |
| Trade receivables | 40 | €4,512 | €0 | -€4,512 | -100% |
| Other amounts receivable | 41 | €17,100 | €11,870 | -€5,230 | -30.6% |
| Cash at bank and in hand | 54/58 | €388 | €87 | -€300 | -77.5% |
| Total equity and liabilities | 10/49 | €23,429 | €13,387 | -€10,042 | -42.9% |
| Equity | 10/15 | €18,615 | €3,968 | -€14,647 | -78.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15 | -€14,632 | -€14,647 | |
| Amounts payable | 17/49 | €4,814 | €9,419 | +€4,605 | +95.7% |
| Amounts payable within one year | 42/48 | €4,814 | €9,419 | +€4,605 | +95.7% |
| Trade debts | 44 | €1,063 | €9,416 | +€8,353 | +786% |
| Suppliers | 440/4 | €1,063 | €9,416 | +€8,353 | +786% |
| Taxes, remuneration and social security | 45 | €3,751 | €3 | -€3,748 | -99.9% |
| Taxes | 450/3 | €1,764 | €3 | -€1,761 | -99.8% |
| Remuneration and social security | 454/9 | €1,988 | €0 | -€1,988 | -100% |
| Turnover | 70 | €8,380 | - | -€8,380 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,914 | - | -€1,914 | |
| Remuneration, social security and pensions | 62 | €6,450 | €4,287 | -€2,163 | -33.5% |
| Other operating charges | 640/8 | - | €517 | +€517 | |
| Gross operating margin | 9900 | €6,469 | -€9,560 | -€16,029 | |
| Operating profit (loss) | 9901 | €19 | -€14,364 | -€14,383 | |
| Financial income | 75/76B | - | €256 | +€256 | |
| Recurring financial income | 75 | - | €256 | +€256 | |
| Financial charges | 65/66B | - | €540 | +€540 | |
| Recurring financial charges | 65 | - | €540 | +€540 | |
| Profit (loss) for the period before taxes | 9903 | €19 | -€14,648 | -€14,667 | |
| Income taxes | 67/77 | €4 | -€1 | -€5 | |
| Profit (loss) for the period | 9904 | €15 | -€14,647 | -€14,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €15 | -€14,647 | -€14,662 |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.