SERAPHIM ANTWERP: 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.
SERAPHIM ANTWERP
Largest movements
- Cash -€6,063
down €6,063 (-87.7%), from €6,915 to €852
mainly Net result for the year (-€39,266) and Investment in fixed assets (net) (-€2,500)
- Tangible fixed assets +€1,683
new in 2026: €1,683
- Receivables within one year +€845
new in 2026: €845
- Profit (loss) carried forward -€39,266
down €39,266 (-204.5%), from -€19,204 to -€58,469
- Other debts +€33,009
up €33,009 (+240.2%), from €13,745 to €46,754
- Tax, wage and social debts +€2,854
up €2,854 (+335.2%), from €852 to €3,706
- Gross operating margin -€18,005
down €18,005 (-102.5%), from -€17,573 to -€35,578
- Other operating charges +€1,189
up €1,189 (+82.9%), from €1,434 to €2,623
- Depreciation +€817
new in 2026: €817
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,915 | €3,448 | -€3,467 | -50.1% |
| Fixed assets | 21/28 | - | €1,683 | +€1,683 | |
| Tangible fixed assets | 22/27 | - | €1,683 | +€1,683 | |
| Furniture and vehicles | 24 | - | €1,683 | +€1,683 | |
| Current assets | 29/58 | €6,915 | €1,765 | -€5,150 | -74.5% |
| Amounts receivable within one year | 40/41 | - | €845 | +€845 | |
| Other amounts receivable | 41 | - | €845 | +€845 | |
| Cash at bank and in hand | 54/58 | €6,915 | €852 | -€6,063 | -87.7% |
| Deferred charges and accrued income | 490/1 | - | €68 | +€68 | |
| Total equity and liabilities | 10/49 | €6,915 | €3,448 | -€3,467 | -50.1% |
| Equity | 10/15 | -€11,704 | -€50,969 | -€39,266 | -335.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,204 | -€58,469 | -€39,266 | -204.5% |
| Amounts payable | 17/49 | €18,619 | €54,417 | +€35,799 | +192.3% |
| Amounts payable within one year | 42/48 | €16,119 | €51,917 | +€35,799 | +222.1% |
| Trade debts | 44 | €1,522 | €1,458 | -€64 | -4.2% |
| Suppliers | 440/4 | €1,522 | €1,458 | -€64 | -4.2% |
| Taxes, remuneration and social security | 45 | €852 | €3,706 | +€2,854 | +335.2% |
| Taxes | 450/3 | €852 | €3,706 | +€2,854 | +335.2% |
| Other amounts payable | 47/48 | €13,745 | €46,754 | +€33,009 | +240.2% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €817 | +€817 | |
| Other operating charges | 640/8 | €1,434 | €2,623 | +€1,189 | +82.9% |
| Gross operating margin | 9900 | -€17,573 | -€35,578 | -€18,005 | -102.5% |
| Operating profit (loss) | 9901 | -€19,007 | -€39,018 | -€20,011 | -105.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €197 | €249 | +€53 | +26.9% |
| Recurring financial charges | 65 | €197 | €249 | +€53 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,204 | -€39,266 | -€20,062 | -104.5% |
| Profit (loss) for the period | 9904 | -€19,204 | -€39,266 | -€20,062 | -104.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,204 | -€39,266 | -€20,062 | -104.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.