SERDOTRANS: 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.
SERDOTRANS
Largest movements
- Tangible fixed assets -€21,547
down €21,547 (-22.2%), from €97,069 to €75,521
of which Furniture and vehicles: -€13,253
- Receivables within one year -€12,053
down €12,053 (-5.3%), from €225,527 to €213,473
of which Trade receivables: -€12,053
- Trade debts -€39,294
down €39,294 (-29.0%), from €135,475 to €96,181
- Other debts +€38,070
up €38,070 (+31.1%), from €122,276 to €160,346
- Profit (loss) carried forward -€20,011
down €20,011 (-107.3%), from -€18,647 to -€38,658
- Debts after one year -€17,411
down €17,411 (-44.5%), from €39,094 to €21,684
- Tax, wage and social debts +€6,774
up €6,774 (+56.9%), from €11,912 to €18,686
of which Taxes: +€5,613
- Gross operating margin +€78,553
up €78,553 (+302.2%), from €25,991 to €104,544
- Staff costs +€55,555
up €55,555 (+185.0%), from €30,022 to €85,577
- Other operating charges -€51,202
down €51,202 (-92.9%), from €55,097 to €3,896
- Depreciation +€10,481
up €10,481 (+71.3%), from €14,700 to €25,181
- Taxes +€10,378
up €10,378, from -€74 to €10,304
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,796 | €289,895 | -€32,901 | -10.2% |
| Fixed assets | 21/28 | €97,269 | €76,421 | -€20,847 | -21.4% |
| Tangible fixed assets | 22/27 | €97,069 | €75,521 | -€21,547 | -22.2% |
| Plant, machinery and equipment | 23 | - | €3,331 | +€3,331 | |
| Furniture and vehicles | 24 | €45,642 | €32,390 | -€13,253 | -29.0% |
| Leasing and similar rights | 25 | €51,426 | €39,800 | -€11,626 | -22.6% |
| Financial fixed assets | 28 | €200 | €900 | +€700 | +350.0% |
| Current assets | 29/58 | €225,527 | €213,473 | -€12,053 | -5.3% |
| Amounts receivable within one year | 40/41 | €225,527 | €213,473 | -€12,053 | -5.3% |
| Trade receivables | 40 | €223,127 | €211,073 | -€12,053 | -5.4% |
| Other amounts receivable | 41 | €2,400 | €2,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €322,796 | €289,895 | -€32,901 | -10.2% |
| Equity | 10/15 | -€13,747 | -€35,198 | -€21,451 | -156.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €2,400 | €960 | -€1,440 | -60.0% |
| Tax-exempt reserves | 132 | €2,400 | €960 | -€1,440 | -60.0% |
| Profit (loss) carried forward | 14 | -€18,647 | -€38,658 | -€20,011 | -107.3% |
| Provisions and deferred taxes | 16 | €600 | €240 | -€360 | -60.0% |
| Deferred taxes | 168 | €600 | €240 | -€360 | -60.0% |
| Amounts payable | 17/49 | €335,943 | €324,853 | -€11,090 | -3.3% |
| Amounts payable after more than one year | 17 | €39,094 | €21,684 | -€17,411 | -44.5% |
| Financial debts | 170/4 | €39,094 | €21,684 | -€17,411 | -44.5% |
| Amounts payable within one year | 42/48 | €296,849 | €303,169 | +€6,321 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €21,348 | €17,411 | -€3,937 | -18.4% |
| Financial debts | 43 | €5,839 | €10,546 | +€4,707 | +80.6% |
| Credit institutions | 430/8 | €5,839 | €10,546 | +€4,707 | +80.6% |
| Trade debts | 44 | €135,475 | €96,181 | -€39,294 | -29.0% |
| Suppliers | 440/4 | €135,475 | €96,181 | -€39,294 | -29.0% |
| Taxes, remuneration and social security | 45 | €11,912 | €18,686 | +€6,774 | +56.9% |
| Taxes | 450/3 | €3,390 | €9,003 | +€5,613 | +165.6% |
| Remuneration and social security | 454/9 | €8,522 | €9,683 | +€1,161 | +13.6% |
| Other amounts payable | 47/48 | €122,276 | €160,346 | +€38,070 | +31.1% |
| Remuneration, social security and pensions | 62 | €30,022 | €85,577 | +€55,555 | +185.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,700 | €25,181 | +€10,481 | +71.3% |
| Other operating charges | 640/8 | €55,097 | €3,896 | -€51,202 | -92.9% |
| Gross operating margin | 9900 | €25,991 | €104,544 | +€78,553 | +302.2% |
| Operating profit (loss) | 9901 | -€73,829 | -€10,110 | +€63,719 | +86.3% |
| Financial charges | 65/66B | €5,395 | €1,397 | -€3,999 | -74.1% |
| Recurring financial charges | 65 | €5,395 | €1,397 | -€3,999 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | -€79,224 | -€11,507 | +€67,717 | +85.5% |
| Transfer from deferred taxes | 780 | €360 | €360 | = | 0.0% |
| Income taxes | 67/77 | -€74 | €10,304 | +€10,378 | |
| Profit (loss) for the period | 9904 | -€78,790 | -€21,451 | +€57,339 | +72.8% |
| Transfer from tax-exempt reserves | 789 | €1,440 | €1,440 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,350 | -€20,011 | +€57,339 | +74.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.