Serdico: 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.
Serdico
Largest movements
- Receivables within one year +€71,609
up €71,609 (+50.1%), from €142,989 to €214,598
of which Other amounts receivable: +€56,361
- Cash -€10,107
down €10,107 (-24.4%), from €41,430 to €31,323
mainly Contributions, distributions and other (-€75,050) and Receivables within one year (-€71,609)
- Tangible fixed assets +€3,561
new in 2025: €3,561
- Other debts +€49,802
up €49,802 (+239%), from €20,805 to €70,607
- Tax, wage and social debts +€30,430
up €30,430 (+200%), from €15,222 to €45,651
- Trade debts -€8,838
down €8,838 (-92.8%), from €9,523 to €686
- Reserves -€7,409
down €7,409 (-5.3%), from €139,439 to €132,029
- Gross operating margin +€54,136
up €54,136 (+105%), from €51,541 to €105,677
- Taxes +€19,104
up €19,104 (+114%), from €16,733 to €35,837
- Depreciation +€1,137
new in 2025: €1,137
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 | €185,539 | €249,523 | +€63,984 | +34.5% |
| Fixed assets | 21/28 | - | €3,561 | +€3,561 | |
| Tangible fixed assets | 22/27 | - | €3,561 | +€3,561 | |
| Furniture and vehicles | 24 | - | €3,561 | +€3,561 | |
| Current assets | 29/58 | €185,539 | €245,962 | +€60,424 | +32.6% |
| Amounts receivable within one year | 40/41 | €142,989 | €214,598 | +€71,609 | +50.1% |
| Trade receivables | 40 | - | €15,247 | +€15,247 | |
| Other amounts receivable | 41 | €142,989 | €199,351 | +€56,361 | +39.4% |
| Cash at bank and in hand | 54/58 | €41,430 | €31,323 | -€10,107 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,119 | €41 | -€1,078 | -96.3% |
| Total equity and liabilities | 10/49 | €185,539 | €249,523 | +€63,984 | +34.5% |
| Equity | 10/15 | €139,989 | €132,579 | -€7,409 | -5.3% |
| Contributions | 10/11 | €550 | €550 | = | 0.0% |
| Reserves | 13 | €139,439 | €132,029 | -€7,409 | -5.3% |
| Distributable reserves | 133 | €139,439 | €132,029 | -€7,409 | -5.3% |
| Amounts payable | 17/49 | €45,550 | €116,944 | +€71,394 | +157% |
| Amounts payable within one year | 42/48 | €45,550 | €116,944 | +€71,394 | +157% |
| Trade debts | 44 | €9,523 | €686 | -€8,838 | -92.8% |
| Suppliers | 440/4 | €9,523 | €686 | -€8,838 | -92.8% |
| Taxes, remuneration and social security | 45 | €15,222 | €45,651 | +€30,430 | +200% |
| Taxes | 450/3 | €15,222 | €45,651 | +€30,430 | +200% |
| Other amounts payable | 47/48 | €20,805 | €70,607 | +€49,802 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,137 | +€1,137 | |
| Other operating charges | 640/8 | €1,199 | €937 | -€262 | -21.9% |
| Gross operating margin | 9900 | €51,541 | €105,677 | +€54,136 | +105% |
| Operating profit (loss) | 9901 | €50,342 | €103,603 | +€53,261 | +106% |
| Financial income | 75/76B | €61 | €33 | -€28 | -45.5% |
| Recurring financial income | 75 | €61 | €33 | -€28 | -45.5% |
| Financial charges | 65/66B | €132 | €159 | +€27 | +20.0% |
| Recurring financial charges | 65 | €132 | €159 | +€27 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €50,271 | €103,477 | +€53,206 | +106% |
| Income taxes | 67/77 | €16,733 | €35,837 | +€19,104 | +114% |
| Profit (loss) for the period | 9904 | €33,538 | €67,641 | +€34,102 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €33,538 | €67,641 | +€34,102 | +102% |
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.