Serenata: 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.
Serenata
Largest movements
- Cash +€19,147
up €19,147 (+210%), from €9,096 to €28,243
mainly Net result for the year (+€20,044) and Trade debts (+€2,062)
- Receivables within one year +€2,633
up €2,633 (+103%), from €2,561 to €5,193
of which Other amounts receivable: +€2,573
- Deferred charges and accrued income -€370
down €370 (-56.9%), from €651 to €281
- Profit (loss) carried forward +€20,044
up €20,044 (+192%), from €10,462 to €30,506
- Trade debts +€2,062
up €2,062 (+179%), from €1,150 to €3,212
- Tax, wage and social debts -€696
no longer reported in 2025 (was €696)
- Gross operating margin +€54,539
up €54,539, from -€23,808 to €30,732
- Other operating charges +€7,228
up €7,228 (+217%), from €3,330 to €10,558
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 | €12,308 | €33,717 | +€21,409 | +174% |
| Current assets | 29/58 | €12,308 | €33,717 | +€21,409 | +174% |
| Amounts receivable within one year | 40/41 | €2,561 | €5,193 | +€2,633 | +103% |
| Trade receivables | 40 | €30 | €90 | +€60 | +200% |
| Other amounts receivable | 41 | €2,531 | €5,103 | +€2,573 | +102% |
| Cash at bank and in hand | 54/58 | €9,096 | €28,243 | +€19,147 | +210% |
| Deferred charges and accrued income | 490/1 | €651 | €281 | -€370 | -56.9% |
| Total equity and liabilities | 10/49 | €12,308 | €33,717 | +€21,409 | +174% |
| Equity | 10/15 | €10,462 | €30,506 | +€20,044 | +192% |
| Profit (loss) carried forward | 14 | €10,462 | €30,506 | +€20,044 | +192% |
| Amounts payable | 17/49 | €1,846 | €3,212 | +€1,366 | +74.0% |
| Amounts payable within one year | 42/48 | €1,846 | €3,212 | +€1,366 | +74.0% |
| Trade debts | 44 | €1,150 | €3,212 | +€2,062 | +179% |
| Suppliers | 440/4 | €1,150 | €3,212 | +€2,062 | +179% |
| Taxes, remuneration and social security | 45 | €696 | - | -€696 | |
| Taxes | 450/3 | €696 | - | -€696 | |
| Other operating charges | 640/8 | €3,330 | €10,558 | +€7,228 | +217% |
| Gross operating margin | 9900 | -€23,808 | €30,732 | +€54,539 | |
| Operating profit (loss) | 9901 | -€27,137 | €20,174 | +€47,311 | |
| Financial income | 75/76B | €55 | €0 | -€55 | -100.0% |
| Recurring financial income | 75 | €55 | €0 | -€55 | -100.0% |
| Financial charges | 65/66B | €119 | €130 | +€11 | +9.3% |
| Recurring financial charges | 65 | €119 | €130 | +€11 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,201 | €20,044 | +€47,245 | |
| Profit (loss) for the period | 9904 | -€27,201 | €20,044 | +€47,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,201 | €20,044 | +€47,245 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.