SERASOL PLUS: 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.
SERASOL PLUS
Largest movements
- Receivables within one year -€157,728
down €157,728 (-64.0%), from €246,350 to €88,622
of which Trade receivables: -€130,114
- Cash -€68,115
down €68,115 (-78.6%), from €86,706 to €18,590
mainly Trade debts (-€205,703) and Tax, wage and social debts (-€24,475)
- Stocks and contracts +€8,854
up €8,854 (+412.7%), from €2,146 to €11,000
- Trade debts -€205,703
down €205,703 (-80.2%), from €256,379 to €50,676
- Tax, wage and social debts -€24,475
down €24,475 (-56.1%), from €43,647 to €19,172
of which Remuneration and social security: -€21,101
- Advances received +€15,673
new in 2024: €15,673
- Other debts +€15,000
new in 2024: €15,000
- Profit (loss) carried forward -€8,340
down €8,340 (-22.7%), from €36,811 to €28,471
- Staff costs +€175,866
up €175,866 (+99.3%), from €177,131 to €352,997
- Gross operating margin +€131,269
up €131,269 (+57.9%), from €226,595 to €357,864
- Taxes -€7,202
down €7,202 (-91.5%), from €7,868 to €666
- Depreciation +€6,406
up €6,406 (+188.4%), from €3,401 to €9,808
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,507 | €163,088 | -€215,420 | -56.9% |
| Fixed assets | 21/28 | €43,306 | €43,886 | +€580 | +1.3% |
| Tangible fixed assets | 22/27 | €43,306 | €43,886 | +€580 | +1.3% |
| Plant, machinery and equipment | 23 | €4,298 | €5,129 | +€831 | +19.3% |
| Furniture and vehicles | 24 | €8,453 | €14,786 | +€6,332 | +74.9% |
| Leasing and similar rights | 25 | €30,555 | €23,971 | -€6,584 | -21.5% |
| Current assets | 29/58 | €335,201 | €119,202 | -€215,999 | -64.4% |
| Stocks and contracts in progress | 3 | €2,146 | €11,000 | +€8,854 | +412.7% |
| Stocks | 30/36 | €2,146 | €11,000 | +€8,854 | +412.7% |
| Amounts receivable within one year | 40/41 | €246,350 | €88,622 | -€157,728 | -64.0% |
| Trade receivables | 40 | €212,179 | €82,066 | -€130,114 | -61.3% |
| Other amounts receivable | 41 | €34,171 | €6,557 | -€27,614 | -80.8% |
| Cash at bank and in hand | 54/58 | €86,706 | €18,590 | -€68,115 | -78.6% |
| Deferred charges and accrued income | 490/1 | - | €989 | +€989 | |
| Total equity and liabilities | 10/49 | €378,507 | €163,088 | -€215,420 | -56.9% |
| Equity | 10/15 | €42,811 | €34,471 | -€8,340 | -19.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,811 | €28,471 | -€8,340 | -22.7% |
| Amounts payable | 17/49 | €335,697 | €128,617 | -€207,080 | -61.7% |
| Amounts payable after more than one year | 17 | €28,095 | €20,175 | -€7,920 | -28.2% |
| Financial debts | 170/4 | €28,095 | €20,175 | -€7,920 | -28.2% |
| Amounts payable within one year | 42/48 | €307,602 | €108,442 | -€199,160 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €7,575 | €7,920 | +€345 | +4.6% |
| Trade debts | 44 | €256,379 | €50,676 | -€205,703 | -80.2% |
| Suppliers | 440/4 | €256,379 | €50,676 | -€205,703 | -80.2% |
| Advances received on contracts in progress | 46 | - | €15,673 | +€15,673 | |
| Taxes, remuneration and social security | 45 | €43,647 | €19,172 | -€24,475 | -56.1% |
| Taxes | 450/3 | €7,888 | €4,514 | -€3,373 | -42.8% |
| Remuneration and social security | 454/9 | €35,760 | €14,658 | -€21,101 | -59.0% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €177,131 | €352,997 | +€175,866 | +99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,401 | €9,808 | +€6,406 | +188.4% |
| Other operating charges | 640/8 | €664 | €984 | +€321 | +48.3% |
| Gross operating margin | 9900 | €226,595 | €357,864 | +€131,269 | +57.9% |
| Operating profit (loss) | 9901 | €45,400 | -€5,925 | -€51,325 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €725 | €1,749 | +€1,024 | +141.3% |
| Recurring financial charges | 65 | €725 | €1,749 | +€1,024 | +141.3% |
| Profit (loss) for the period before taxes | 9903 | €44,678 | -€7,674 | -€52,352 | |
| Income taxes | 67/77 | €7,868 | €666 | -€7,202 | -91.5% |
| Profit (loss) for the period | 9904 | €36,811 | -€8,340 | -€45,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,811 | -€8,340 | -€45,150 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.