SERAT: 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.
SERAT
Largest movements
- Receivables within one year +€13,008
up €13,008 (+21.5%), from €60,619 to €73,628
of which Other amounts receivable: +€13,211
- Cash -€5,007
down €5,007 (-35.0%), from €14,296 to €9,289
mainly Receivables within one year (-€13,008) and Net result for the year (-€6,585)
- Financial fixed assets +€4,529
up €4,529 (+3019.1%), from €150 to €4,679
- Trade debts +€10,451
up €10,451 (+141.3%), from €7,394 to €17,844
- Tax, wage and social debts +€9,456
up €9,456 (+22.0%), from €42,990 to €52,445
of which Remuneration and social security: +€12,036
- Profit (loss) carried forward -€6,585
down €6,585 (-23.9%), from €27,541 to €20,956
- Accrued charges and deferred income -€1,450
no longer reported in 2023 (was €1,450)
- Staff costs +€49,159
up €49,159 (+105.8%), from €46,477 to €95,636
- Gross operating margin +€40,230
up €40,230 (+71.4%), from €56,376 to €96,606
- Other operating charges +€5,738
up €5,738 (+5625.4%), from €102 to €5,840
- Taxes -€1,530
down €1,530 (-63.2%), from €2,421 to €891
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,475 | €91,346 | +€11,871 | +14.9% |
| Fixed assets | 21/28 | €150 | €4,679 | +€4,529 | +3019.1% |
| Financial fixed assets | 28 | €150 | €4,679 | +€4,529 | +3019.1% |
| Current assets | 29/58 | €79,325 | €86,667 | +€7,343 | +9.3% |
| Stocks and contracts in progress | 3 | €3,751 | €3,751 | = | 0.0% |
| Stocks | 30/36 | €3,751 | €3,751 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,619 | €73,628 | +€13,008 | +21.5% |
| Trade receivables | 40 | €203 | €0 | -€203 | -100.0% |
| Other amounts receivable | 41 | €60,417 | €73,628 | +€13,211 | +21.9% |
| Cash at bank and in hand | 54/58 | €14,296 | €9,289 | -€5,007 | -35.0% |
| Deferred charges and accrued income | 490/1 | €659 | - | -€659 | |
| Total equity and liabilities | 10/49 | €79,475 | €91,346 | +€11,871 | +14.9% |
| Equity | 10/15 | €27,641 | €21,056 | -€6,585 | -23.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,541 | €20,956 | -€6,585 | -23.9% |
| Amounts payable | 17/49 | €51,833 | €70,290 | +€18,456 | +35.6% |
| Amounts payable within one year | 42/48 | €50,383 | €70,290 | +€19,906 | +39.5% |
| Trade debts | 44 | €7,394 | €17,844 | +€10,451 | +141.3% |
| Suppliers | 440/4 | €7,394 | €17,844 | +€10,451 | +141.3% |
| Taxes, remuneration and social security | 45 | €42,990 | €52,445 | +€9,456 | +22.0% |
| Taxes | 450/3 | €28,993 | €26,412 | -€2,581 | -8.9% |
| Remuneration and social security | 454/9 | €13,997 | €26,033 | +€12,036 | +86.0% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Remuneration, social security and pensions | 62 | €46,477 | €95,636 | +€49,159 | +105.8% |
| Other operating charges | 640/8 | €102 | €5,840 | +€5,738 | +5625.4% |
| Gross operating margin | 9900 | €56,376 | €96,606 | +€40,230 | +71.4% |
| Operating profit (loss) | 9901 | €9,798 | -€4,869 | -€14,667 | |
| Financial charges | 65/66B | €152 | €825 | +€673 | +443.3% |
| Recurring financial charges | 65 | €152 | €825 | +€673 | +443.3% |
| Profit (loss) for the period before taxes | 9903 | €9,646 | -€5,694 | -€15,340 | |
| Income taxes | 67/77 | €2,421 | €891 | -€1,530 | -63.2% |
| Profit (loss) for the period | 9904 | €7,225 | -€6,585 | -€13,810 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,225 | -€6,585 | -€13,810 |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.