SERARENT: 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.
SERARENT
Largest movements
- Tangible fixed assets -€8,834
down €8,834 (-8.8%), from €100,224 to €91,390
of which Furniture and vehicles: -€4,600
- Stocks and contracts -€5,500
down €5,500 (-9.1%), from €60,550 to €55,050
- Profit (loss) carried forward -€8,578
down €8,578 (-26.5%), from -€32,368 to -€40,946
- Debts after one year -€5,638
down €5,638 (-3.1%), from €181,143 to €175,504
of which Financial debts: -€3,538
- Financial income -€21,970
down €21,970 (-95.7%), from €22,946 to €976
- Gross operating margin +€18,996
up €18,996, from -€13,895 to €5,101
- Financial charges -€3,569
down €3,569 (-44.0%), from €8,108 to €4,539
- Other operating charges -€627
down €627 (-32.8%), from €1,909 to €1,282
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 | €220,702 | €207,822 | -€12,880 | -5.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €101,074 | €92,240 | -€8,834 | -8.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €100,224 | €91,390 | -€8,834 | -8.8% |
| Land and buildings | 22 | €87,281 | €83,047 | -€4,234 | -4.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €12,943 | €8,343 | -€4,600 | -35.5% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €119,628 | €115,582 | -€4,046 | -3.4% |
| Stocks and contracts in progress | 3 | €60,550 | €55,050 | -€5,500 | -9.1% |
| Stocks | 30/36 | €60,550 | €55,050 | -€5,500 | -9.1% |
| Amounts receivable within one year | 40/41 | €57,912 | €59,488 | +€1,576 | +2.7% |
| Trade receivables | 40 | €41,587 | €40,757 | -€830 | -2.0% |
| Other amounts receivable | 41 | €16,324 | €18,731 | +€2,407 | +14.7% |
| Cash at bank and in hand | 54/58 | €76 | €68 | -€8 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,091 | €976 | -€114 | -10.5% |
| Total equity and liabilities | 10/49 | €220,702 | €207,822 | -€12,880 | -5.8% |
| Equity | 10/15 | -€13,768 | -€22,346 | -€8,578 | -62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,368 | -€40,946 | -€8,578 | -26.5% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €234,470 | €230,168 | -€4,302 | -1.8% |
| Amounts payable after more than one year | 17 | €181,143 | €175,504 | -€5,638 | -3.1% |
| Financial debts | 170/4 | €13,992 | €10,453 | -€3,538 | -25.3% |
| Other amounts payable | 178/9 | €167,151 | €165,051 | -€2,100 | -1.3% |
| Amounts payable within one year | 42/48 | €53,327 | €54,664 | +€1,337 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €3,634 | €3,774 | +€139 | +3.8% |
| Financial debts | 43 | €17,000 | €17,000 | = | 0.0% |
| Credit institutions | 430/8 | €17,000 | €17,000 | = | 0.0% |
| Trade debts | 44 | €5,350 | €6,628 | +€1,278 | +23.9% |
| Suppliers | 440/4 | €5,350 | €6,628 | +€1,278 | +23.9% |
| Taxes, remuneration and social security | 45 | €6,305 | €5,473 | -€832 | -13.2% |
| Taxes | 450/3 | €6,305 | €5,473 | -€832 | -13.2% |
| Other amounts payable | 47/48 | €21,038 | €21,790 | +€752 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,834 | €8,834 | = | 0.0% |
| Other operating charges | 640/8 | €1,909 | €1,282 | -€627 | -32.8% |
| Gross operating margin | 9900 | -€13,895 | €5,101 | +€18,996 | |
| Operating profit (loss) | 9901 | -€24,638 | -€5,015 | +€19,623 | +79.6% |
| Financial income | 75/76B | €22,946 | €976 | -€21,970 | -95.7% |
| Recurring financial income | 75 | €22,946 | €976 | -€21,970 | -95.7% |
| Financial charges | 65/66B | €8,108 | €4,539 | -€3,569 | -44.0% |
| Recurring financial charges | 65 | €8,108 | €4,539 | -€3,569 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,800 | -€8,578 | +€1,222 | +12.5% |
| Profit (loss) for the period | 9904 | -€9,800 | -€8,578 | +€1,222 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,800 | -€8,578 | +€1,222 | +12.5% |
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 30 September 2026 via checked.be.