SERAPION: 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.
SERAPION
Largest movements
- Receivables within one year -€12,539
down €12,539 (-21.1%), from €59,435 to €46,895
of which Other amounts receivable: -€12,539
- Other debts -€11,474
down €11,474 (-19.4%), from €59,140 to €47,666
- Profit (loss) carried forward -€1,347
down €1,347 (-6.7%), from -€20,108 to -€21,455
- Write-downs +€12,449
new in 2025: €12,449
- Gross operating margin +€12,080
up €12,080, from -€81 to €11,999
- Other operating charges +€443
up €443 (+98.0%), from €452 to €896
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 | €59,437 | €46,905 | -€12,532 | -21.1% |
| Current assets | 29/58 | €59,437 | €46,905 | -€12,532 | -21.1% |
| Amounts receivable within one year | 40/41 | €59,435 | €46,895 | -€12,539 | -21.1% |
| Trade receivables | 40 | €39,599 | €39,599 | = | 0.0% |
| Other amounts receivable | 41 | €19,836 | €7,296 | -€12,539 | -63.2% |
| Cash at bank and in hand | 54/58 | €3 | €10 | +€7 | +292.5% |
| Total equity and liabilities | 10/49 | €59,437 | €46,905 | -€12,532 | -21.1% |
| Equity | 10/15 | €297 | -€1,050 | -€1,347 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,108 | -€21,455 | -€1,347 | -6.7% |
| Amounts payable | 17/49 | €59,140 | €47,955 | -€11,185 | -18.9% |
| Amounts payable within one year | 42/48 | €59,140 | €47,955 | -€11,185 | -18.9% |
| Trade debts | 44 | - | €290 | +€290 | |
| Suppliers | 440/4 | - | €290 | +€290 | |
| Other amounts payable | 47/48 | €59,140 | €47,666 | -€11,474 | -19.4% |
| Non-recurring operating income | 76A | - | €12,449 | +€12,449 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,449 | +€12,449 | |
| Other operating charges | 640/8 | €452 | €896 | +€443 | +98.0% |
| Gross operating margin | 9900 | -€81 | €11,999 | +€12,080 | |
| Operating profit (loss) | 9901 | -€534 | -€1,346 | -€812 | -152.2% |
| Financial charges | 65/66B | €1 | €1 | -€0 | -7.1% |
| Recurring financial charges | 65 | €1 | €1 | -€0 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€535 | -€1,347 | -€812 | -151.8% |
| Profit (loss) for the period | 9904 | -€535 | -€1,347 | -€812 | -151.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€535 | -€1,347 | -€812 | -151.8% |
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 8 October 2026 via checked.be.