SERENDIP CONSULT: 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.
SERENDIP CONSULT
Largest movements
- Tangible fixed assets -€5,725
down €5,725 (-26.4%), from €21,691 to €15,966
- Cash +€5,127
up €5,127 (+113%), from €4,542 to €9,670
mainly Depreciation (+€10,725) and Net result for the year (+€5,268)
- Intangible fixed assets -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Receivables within one year -€604
down €604 (-20.1%), from €3,000 to €2,396
- Other debts -€12,369
down €12,369 (-79.1%), from €15,635 to €3,266
- Profit (loss) carried forward +€5,268
up €5,268 (+105%), from €4,998 to €10,267
- Tax, wage and social debts +€899
up €899, from €0 to €899
- Turnover -€58,487
no longer reported in 2025 (was €58,487)
- Purchases and services -€51,256
no longer reported in 2025 (was €51,256)
- Depreciation +€3,214
up €3,214 (+42.8%), from €7,511 to €10,725
- Gross operating margin +€2,299
up €2,299 (+14.3%), from €16,100 to €18,399
- Taxes +€899
new in 2025: €899
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 | €39,234 | €33,032 | -€6,202 | -15.8% |
| Fixed assets | 21/28 | €31,691 | €20,966 | -€10,725 | -33.8% |
| Intangible fixed assets | 21 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Tangible fixed assets | 22/27 | €21,691 | €15,966 | -€5,725 | -26.4% |
| Furniture and vehicles | 24 | €21,691 | €15,966 | -€5,725 | -26.4% |
| Current assets | 29/58 | €7,542 | €12,066 | +€4,523 | +60.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,000 | €2,396 | -€604 | -20.1% |
| Other amounts receivable | 41 | €3,000 | €2,396 | -€604 | -20.1% |
| Cash at bank and in hand | 54/58 | €4,542 | €9,670 | +€5,127 | +113% |
| Total equity and liabilities | 10/49 | €39,234 | €33,032 | -€6,202 | -15.8% |
| Equity | 10/15 | €23,598 | €28,867 | +€5,268 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,998 | €10,267 | +€5,268 | +105% |
| Amounts payable | 17/49 | €15,635 | €4,165 | -€11,471 | -73.4% |
| Amounts payable within one year | 42/48 | €15,635 | €4,165 | -€11,471 | -73.4% |
| Taxes, remuneration and social security | 45 | €0 | €899 | +€899 | |
| Taxes | 450/3 | €0 | €899 | +€899 | |
| Other amounts payable | 47/48 | €15,635 | €3,266 | -€12,369 | -79.1% |
| Turnover | 70 | €58,487 | - | -€58,487 | |
| Non-recurring operating income | 76A | €8,869 | €0 | -€8,869 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,256 | - | -€51,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,511 | €10,725 | +€3,214 | +42.8% |
| Other operating charges | 640/8 | €1,420 | €1,446 | +€26 | +1.8% |
| Gross operating margin | 9900 | €16,100 | €18,399 | +€2,299 | +14.3% |
| Operating profit (loss) | 9901 | €7,169 | €6,227 | -€941 | -13.1% |
| Financial charges | 65/66B | €22 | €60 | +€38 | +175% |
| Recurring financial charges | 65 | €22 | €60 | +€38 | +175% |
| Profit (loss) for the period before taxes | 9903 | €7,147 | €6,167 | -€980 | -13.7% |
| Income taxes | 67/77 | - | €899 | +€899 | |
| Profit (loss) for the period | 9904 | €7,147 | €5,268 | -€1,878 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,147 | €5,268 | -€1,878 | -26.3% |
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 15 October 2026 via checked.be.