SEREDAS: 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.
SEREDAS
Largest movements
- Current investments +€826,164
new in 2023: €826,164
- Receivables after one year +€300,000
new in 2023: €300,000
- Cash -€243,755
down €243,755 (-59.9%), from €407,173 to €163,418
mainly Current investments (-€826,164) and Contributions, distributions and other (-€760,000)
- Receivables within one year -€89,503
down €89,503 (-70.6%), from €126,781 to €37,278
of which Other amounts receivable: -€48,779
- Tangible fixed assets +€75,034
up €75,034 (+655.5%), from €11,447 to €86,481
of which Furniture and vehicles: +€76,695
- Other debts +€739,177
up €739,177 (+3549.8%), from €20,823 to €760,000
- Reserves +€644,200
up €644,200 (+20.3%), from €3.2m to €3.8m
of which Distributable reserves: +€646,060
- Debts after one year -€476,658
down €476,658 (-27.3%), from €1.7m to €1.3m
- Advances received -€68,450
down €68,450 (-100.0%), from €68,450 to €0
- Gross operating margin +€415,313
up €415,313 (+25.9%), from €1.6m to €2.0m
- Staff costs -€132,463
down €132,463 (-99.8%), from €132,778 to €315
- Taxes +€118,968
up €118,968 (+26.1%), from €456,011 to €574,979
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 | €5,642,830 | €6,504,437 | +€861,607 | +15.3% |
| Fixed assets | 21/28 | €5,096,267 | €5,171,302 | +€75,034 | +1.5% |
| Tangible fixed assets | 22/27 | €11,447 | €86,481 | +€75,034 | +655.5% |
| Plant, machinery and equipment | 23 | €3,089 | €2,173 | -€916 | -29.6% |
| Furniture and vehicles | 24 | €6,828 | €83,523 | +€76,695 | +1123.3% |
| Other tangible fixed assets | 26 | €1,531 | €786 | -€745 | -48.7% |
| Financial fixed assets | 28 | €5,084,820 | €5,084,820 | = | 0.0% |
| Current assets | 29/58 | €546,562 | €1,333,135 | +€786,573 | +143.9% |
| Amounts receivable after more than one year | 29 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 291 | - | €300,000 | +€300,000 | |
| Amounts receivable within one year | 40/41 | €126,781 | €37,278 | -€89,503 | -70.6% |
| Trade receivables | 40 | €68,450 | €27,726 | -€40,724 | -59.5% |
| Other amounts receivable | 41 | €58,331 | €9,552 | -€48,779 | -83.6% |
| Current investments | 50/53 | - | €826,164 | +€826,164 | |
| Cash at bank and in hand | 54/58 | €407,173 | €163,418 | -€243,755 | -59.9% |
| Deferred charges and accrued income | 490/1 | €12,608 | €6,275 | -€6,334 | -50.2% |
| Total equity and liabilities | 10/49 | €5,642,830 | €6,504,437 | +€861,607 | +15.3% |
| Equity | 10/15 | €3,190,659 | €3,834,889 | +€644,229 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,171,460 | €3,815,660 | +€644,200 | +20.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €3,169,600 | €3,815,660 | +€646,060 | +20.4% |
| Profit (loss) carried forward | 14 | €599 | €629 | +€29 | +4.9% |
| Amounts payable | 17/49 | €2,452,170 | €2,669,548 | +€217,378 | +8.9% |
| Amounts payable after more than one year | 17 | €1,746,504 | €1,269,846 | -€476,658 | -27.3% |
| Financial debts | 170/4 | €1,746,504 | €1,269,846 | -€476,658 | -27.3% |
| Amounts payable within one year | 42/48 | €703,802 | €1,399,702 | +€695,900 | +98.9% |
| Current portion of amounts payable after more than one year | 42 | €512,393 | €547,319 | +€34,926 | +6.8% |
| Trade debts | 44 | €2,876 | €4,618 | +€1,743 | +60.6% |
| Suppliers | 440/4 | €2,876 | €4,618 | +€1,743 | +60.6% |
| Advances received on contracts in progress | 46 | €68,450 | €0 | -€68,450 | -100.0% |
| Taxes, remuneration and social security | 45 | €99,260 | €87,764 | -€11,496 | -11.6% |
| Taxes | 450/3 | €99,260 | €83,420 | -€15,840 | -16.0% |
| Remuneration and social security | 454/9 | €0 | €4,344 | +€4,344 | |
| Other amounts payable | 47/48 | €20,823 | €760,000 | +€739,177 | +3549.8% |
| Accrued charges and deferred income | 492/3 | €1,865 | €0 | -€1,865 | -100.0% |
| Non-recurring operating income | 76A | €10,686 | €12,906 | +€2,220 | +20.8% |
| Remuneration, social security and pensions | 62 | €132,778 | €315 | -€132,463 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,503 | €16,054 | +€11,551 | +256.5% |
| Other operating charges | 640/8 | €1,165 | €2,021 | +€856 | +73.4% |
| Non-recurring operating charges | 66A | - | €216 | +€216 | |
| Gross operating margin | 9900 | €1,605,340 | €2,020,653 | +€415,313 | +25.9% |
| Operating profit (loss) | 9901 | €1,466,893 | €2,002,046 | +€535,153 | +36.5% |
| Financial income | 75/76B | €0 | €1,751 | +€1,751 | |
| Recurring financial income | 75 | €0 | €1,751 | +€1,751 | |
| Financial charges | 65/66B | €18,246 | €24,589 | +€6,342 | +34.8% |
| Recurring financial charges | 65 | €18,246 | €24,589 | +€6,342 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €1,448,647 | €1,979,208 | +€530,562 | +36.6% |
| Income taxes | 67/77 | €456,011 | €574,979 | +€118,968 | +26.1% |
| Profit (loss) for the period | 9904 | €992,635 | €1,404,229 | +€411,594 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €992,635 | €1,404,229 | +€411,594 | +41.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.