SERANA: 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.
SERANA
Largest movements
- Current investments +€81,828
up €81,828 (+327.3%), from €25,000 to €106,828
- Receivables within one year +€76,013
up €76,013 (+11595.3%), from €656 to €76,669
of which Other amounts receivable: +€45,013
- Tangible fixed assets +€29,554
up €29,554 (+529.5%), from €5,581 to €35,135
of which Furniture and vehicles: +€24,898
- Profit (loss) carried forward +€149,780
up €149,780 (+632.5%), from €23,679 to €173,459
- Tax, wage and social debts +€37,176
up €37,176 (+202.1%), from €18,394 to €55,570
of which Taxes: +€40,776
- Gross operating margin +€202,402
up €202,402 (+630.9%), from €32,080 to €234,483
- Taxes +€49,016
up €49,016 (+739.5%), from €6,629 to €55,644
- Depreciation +€3,781
up €3,781 (+1262.5%), from €300 to €4,081
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 | €47,837 | €232,425 | +€184,588 | +385.9% |
| Fixed assets | 21/28 | €6,581 | €36,135 | +€29,554 | +449.1% |
| Tangible fixed assets | 22/27 | €5,581 | €35,135 | +€29,554 | +529.5% |
| Furniture and vehicles | 24 | €1,042 | €25,941 | +€24,898 | +2388.8% |
| Other tangible fixed assets | 26 | €4,539 | €9,194 | +€4,655 | +102.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €41,256 | €196,291 | +€155,034 | +375.8% |
| Amounts receivable within one year | 40/41 | €656 | €76,669 | +€76,013 | +11595.3% |
| Trade receivables | 40 | - | €31,000 | +€31,000 | |
| Other amounts receivable | 41 | €656 | €45,669 | +€45,013 | +6866.5% |
| Current investments | 50/53 | €25,000 | €106,828 | +€81,828 | +327.3% |
| Cash at bank and in hand | 54/58 | €11,592 | €10,515 | -€1,077 | -9.3% |
| Deferred charges and accrued income | 490/1 | €4,009 | €2,279 | -€1,730 | -43.2% |
| Total equity and liabilities | 10/49 | €47,837 | €232,425 | +€184,588 | +385.9% |
| Equity | 10/15 | €24,879 | €174,659 | +€149,780 | +602.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,679 | €173,459 | +€149,780 | +632.5% |
| Amounts payable | 17/49 | €22,959 | €57,767 | +€34,808 | +151.6% |
| Amounts payable within one year | 42/48 | €22,959 | €57,767 | +€34,808 | +151.6% |
| Financial debts | 43 | €469 | €0 | -€469 | -100.0% |
| Credit institutions | 430/8 | €469 | €0 | -€469 | -100.0% |
| Trade debts | 44 | €3,695 | €1,981 | -€1,714 | -46.4% |
| Suppliers | 440/4 | €3,695 | €1,981 | -€1,714 | -46.4% |
| Taxes, remuneration and social security | 45 | €18,394 | €55,570 | +€37,176 | +202.1% |
| Taxes | 450/3 | €14,794 | €55,570 | +€40,776 | +275.6% |
| Remuneration and social security | 454/9 | €3,600 | €0 | -€3,600 | -100.0% |
| Other amounts payable | 47/48 | €400 | €216 | -€184 | -46.0% |
| Non-recurring operating income | 76A | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €4,081 | +€3,781 | +1262.5% |
| Other operating charges | 640/8 | €53 | €654 | +€601 | +1133.5% |
| Gross operating margin | 9900 | €32,080 | €234,483 | +€202,402 | +630.9% |
| Operating profit (loss) | 9901 | €31,728 | €229,748 | +€198,020 | +624.1% |
| Financial income | 75/76B | €7 | €901 | +€894 | +12730.1% |
| Recurring financial income | 75 | €7 | €901 | +€894 | +12730.1% |
| Financial charges | 65/66B | €1,427 | €3,724 | +€2,297 | +161.0% |
| Recurring financial charges | 65 | €1,427 | €3,724 | +€2,297 | +161.0% |
| Profit (loss) for the period before taxes | 9903 | €30,307 | €226,924 | +€196,617 | +648.7% |
| Income taxes | 67/77 | €6,629 | €55,644 | +€49,016 | +739.5% |
| Profit (loss) for the period | 9904 | €23,679 | €171,280 | +€147,601 | +623.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,679 | €171,280 | +€147,601 | +623.3% |
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 11 October 2026 via checked.be.