SERCU MICRODATA: 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.
SERCU MICRODATA
Largest movements
- Cash +€8,094
up €8,094 (+301%), from €2,688 to €10,783
mainly Debts after one year (+€37,722) and Investment in fixed assets (net) (+€5,969)
- Tangible fixed assets -€7,079
no longer reported in 2025 (was €7,079)
- Receivables within one year -€1,680
down €1,680 (-91.7%), from €1,831 to €151
- Deferred charges and accrued income -€326
down €326 (-58.1%), from €561 to €235
- Profit (loss) carried forward -€38,726
down €38,726 (-2.9%), from -€1.3m to -€1.4m
- Debts after one year +€37,722
up €37,722 (+3.7%), from €1.0m to €1.1m
- Purchases and services -€8,714
no longer reported in 2025 (was €8,714)
- Turnover -€5,130
no longer reported in 2025 (was €5,130)
- Gross operating margin +€4,960
up €4,960, from -€3,584 to €1,376
- Financial charges +€1,807
up €1,807 (+4.9%), from €36,587 to €38,394
- Depreciation +€197
up €197 (+21.6%), from €913 to €1,110
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.
Derived cash bridge
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 | €12,159 | €11,169 | -€990 | -8.1% |
| Fixed assets | 21/28 | €7,079 | - | -€7,079 | |
| Tangible fixed assets | 22/27 | €7,079 | - | -€7,079 | |
| Furniture and vehicles | 24 | €7,079 | - | -€7,079 | |
| Current assets | 29/58 | €5,080 | €11,169 | +€6,089 | +120% |
| Amounts receivable within one year | 40/41 | €1,831 | €151 | -€1,680 | -91.7% |
| Other amounts receivable | 41 | €1,831 | €151 | -€1,680 | -91.7% |
| Cash at bank and in hand | 54/58 | €2,688 | €10,783 | +€8,094 | +301% |
| Deferred charges and accrued income | 490/1 | €561 | €235 | -€326 | -58.1% |
| Total equity and liabilities | 10/49 | €12,159 | €11,169 | -€990 | -8.1% |
| Equity | 10/15 | -€1,018,582 | -€1,057,308 | -€38,726 | -3.8% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,328,449 | -€1,367,175 | -€38,726 | -2.9% |
| Amounts payable | 17/49 | €1,030,741 | €1,068,477 | +€37,736 | +3.7% |
| Amounts payable after more than one year | 17 | €1,030,741 | €1,068,463 | +€37,722 | +3.7% |
| Other amounts payable | 178/9 | €1,030,741 | €1,068,463 | +€37,722 | +3.7% |
| Amounts payable within one year | 42/48 | - | €14 | +€14 | |
| Trade debts | 44 | - | €14 | +€14 | |
| Suppliers | 440/4 | - | €14 | +€14 | |
| Turnover | 70 | €5,130 | - | -€5,130 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,714 | - | -€8,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913 | €1,110 | +€197 | +21.6% |
| Other operating charges | 640/8 | €592 | €597 | +€5 | +0.8% |
| Gross operating margin | 9900 | -€3,584 | €1,376 | +€4,960 | |
| Operating profit (loss) | 9901 | -€5,090 | -€331 | +€4,758 | +93.5% |
| Financial charges | 65/66B | €36,587 | €38,394 | +€1,807 | +4.9% |
| Recurring financial charges | 65 | €36,587 | €38,394 | +€1,807 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,677 | -€38,726 | +€2,951 | +7.1% |
| Profit (loss) for the period | 9904 | -€41,677 | -€38,726 | +€2,951 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,677 | -€38,726 | +€2,951 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.