SERANI IMMO: what changed
Two fiscal 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.
SERANI IMMO
Largest movements
- Cash -€31,437
down €31,437 (-49.5%), from €63,459 to €32,022
mainly Trade debts (-€101,211) and Net result for the year (-€38,236)
- Tangible fixed assets -€13,796
down €13,796 (-2.8%), from €492,801 to €479,005
- Trade debts -€101,211
no longer reported in 2025 (was €101,211)
- Other debts +€95,813
up €95,813 (+43.0%), from €222,759 to €318,573
- Profit (loss) carried forward -€38,236
down €38,236 (-40.3%), from -€94,850 to -€133,086
- Financial income -€257,456
no longer reported in 2025 (was €257,456)
of which Financial income: -€257,456
- Taxes +€34,482
new in 2025: €34,482
- Gross operating margin +€4,365
up €4,365 (+37.4%), from €11,661 to €16,026
- Other operating charges +€1,952
up €1,952 (+51.2%), from €3,813 to €5,765
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 | €557,460 | €513,826 | -€43,633 | -7.8% |
| Fixed assets | 21/28 | €492,801 | €479,005 | -€13,796 | -2.8% |
| Tangible fixed assets | 22/27 | €492,801 | €479,005 | -€13,796 | -2.8% |
| Land and buildings | 22 | €492,801 | €479,005 | -€13,796 | -2.8% |
| Current assets | 29/58 | €64,659 | €34,822 | -€29,837 | -46.1% |
| Amounts receivable within one year | 40/41 | - | €1,600 | +€1,600 | |
| Trade receivables | 40 | - | €1,600 | +€1,600 | |
| Cash at bank and in hand | 54/58 | €63,459 | €32,022 | -€31,437 | -49.5% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €557,460 | €513,826 | -€43,633 | -7.8% |
| Equity | 10/15 | €169,126 | €130,890 | -€38,236 | -22.6% |
| Contributions | 10/11 | €70,884 | €70,884 | = | 0.0% |
| Capital | 10 | €70,884 | €70,884 | = | 0.0% |
| Issued capital | 100 | €70,884 | €70,884 | = | 0.0% |
| Reserves | 13 | €193,092 | €193,092 | = | 0.0% |
| Tax-exempt reserves | 132 | €193,092 | €193,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,850 | -€133,086 | -€38,236 | -40.3% |
| Provisions and deferred taxes | 16 | €64,364 | €64,364 | = | 0.0% |
| Deferred taxes | 168 | €64,364 | €64,364 | = | 0.0% |
| Amounts payable | 17/49 | €323,970 | €318,573 | -€5,397 | -1.7% |
| Amounts payable within one year | 42/48 | €323,970 | €318,573 | -€5,397 | -1.7% |
| Trade debts | 44 | €101,211 | - | -€101,211 | |
| Suppliers | 440/4 | €101,211 | - | -€101,211 | |
| Other amounts payable | 47/48 | €222,759 | €318,573 | +€95,813 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,796 | €13,796 | = | 0.0% |
| Other operating charges | 640/8 | €3,813 | €5,765 | +€1,952 | +51.2% |
| Gross operating margin | 9900 | €11,661 | €16,026 | +€4,365 | +37.4% |
| Operating profit (loss) | 9901 | -€5,948 | -€3,535 | +€2,413 | +40.6% |
| Financial income | 75/76B | €257,456 | - | -€257,456 | |
| Recurring financial income | 75 | €257,456 | - | -€257,456 | |
| Non-recurring financial income | 76B | €257,456 | - | -€257,456 | |
| Financial charges | 65/66B | €206 | €218 | +€13 | +6.1% |
| Recurring financial charges | 65 | €206 | €218 | +€13 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €251,302 | -€3,754 | -€255,056 | |
| Transfer to deferred taxes | 680 | €64,364 | - | -€64,364 | |
| Income taxes | 67/77 | - | €34,482 | +€34,482 | |
| Profit (loss) for the period | 9904 | €186,938 | -€38,236 | -€225,174 | |
| Transfer to tax-exempt reserves | 689 | €193,092 | - | -€193,092 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,154 | -€38,236 | -€32,082 | -521.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.