Serdibel: 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.
Serdibel
Largest movements
- Receivables within one year +€132,539
up €132,539 (+75.1%), from €176,375 to €308,914
of which Other amounts receivable: +€132,364
- Cash -€11,906
down €11,906 (-11.0%), from €108,452 to €96,546
mainly Receivables within one year (-€132,539) and Other debts (-€50,000)
- Trade debts +€97,010
up €97,010 (+106%), from €91,113 to €188,123
- Profit (loss) carried forward +€73,326
up €73,326 (+76.5%), from €95,816 to €169,141
- Other debts -€50,000
no longer reported in 2024 (was €50,000)
- Taxes +€15,750
up €15,750 (+124%), from €12,718 to €28,468
- Gross operating margin +€13,476
up €13,476 (+15.0%), from €89,980 to €103,456
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.
Derived cash bridge
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 | €290,624 | €410,959 | +€120,336 | +41.4% |
| Fixed assets | 21/28 | €2,738 | €2,029 | -€709 | -25.9% |
| Tangible fixed assets | 22/27 | €2,738 | €2,029 | -€709 | -25.9% |
| Plant, machinery and equipment | 23 | €933 | €747 | -€187 | -20.0% |
| Furniture and vehicles | 24 | €1,805 | €1,283 | -€522 | -28.9% |
| Current assets | 29/58 | €287,886 | €408,930 | +€121,044 | +42.0% |
| Amounts receivable within one year | 40/41 | €176,375 | €308,914 | +€132,539 | +75.1% |
| Trade receivables | 40 | €18,237 | €18,412 | +€175 | +1.0% |
| Other amounts receivable | 41 | €158,138 | €290,502 | +€132,364 | +83.7% |
| Cash at bank and in hand | 54/58 | €108,452 | €96,546 | -€11,906 | -11.0% |
| Deferred charges and accrued income | 490/1 | €3,059 | €3,470 | +€411 | +13.4% |
| Total equity and liabilities | 10/49 | €290,624 | €410,959 | +€120,336 | +41.4% |
| Equity | 10/15 | €146,816 | €220,141 | +€73,326 | +49.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,816 | €169,141 | +€73,326 | +76.5% |
| Amounts payable | 17/49 | €143,808 | €190,818 | +€47,010 | +32.7% |
| Amounts payable within one year | 42/48 | €143,808 | €190,818 | +€47,010 | +32.7% |
| Trade debts | 44 | €91,113 | €188,123 | +€97,010 | +106% |
| Suppliers | 440/4 | €91,113 | €188,123 | +€97,010 | +106% |
| Taxes, remuneration and social security | 45 | €2,696 | €2,696 | = | 0.0% |
| Taxes | 450/3 | €2,696 | €2,696 | = | 0.0% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €709 | €709 | = | 0.0% |
| Other operating charges | 640/8 | €1,641 | €883 | -€757 | -46.2% |
| Gross operating margin | 9900 | €89,980 | €103,456 | +€13,476 | +15.0% |
| Operating profit (loss) | 9901 | €87,631 | €101,865 | +€14,234 | +16.2% |
| Financial income | 75/76B | €689 | €1 | -€688 | -99.9% |
| Recurring financial income | 75 | €689 | €1 | -€688 | -99.9% |
| Financial charges | 65/66B | €142 | €72 | -€70 | -49.3% |
| Recurring financial charges | 65 | €142 | €72 | -€70 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €88,177 | €101,793 | +€13,616 | +15.4% |
| Income taxes | 67/77 | €12,718 | €28,468 | +€15,750 | +124% |
| Profit (loss) for the period | 9904 | €75,459 | €73,326 | -€2,134 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,459 | €73,326 | -€2,134 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.