Serendipia: 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.
Serendipia
Largest movements
- Cash -€106,093
down €106,093 (-32.9%), from €322,528 to €216,435
mainly Contributions, distributions and other (-€94,158) and Receivables within one year (-€17,790)
- Receivables within one year +€17,790
up €17,790 (+630%), from €2,825 to €20,615
of which Other amounts receivable: +€17,835
- Reserves -€94,450
down €94,450 (-33.8%), from €279,741 to €185,292
of which Distributable reserves: -€94,450
- Tax, wage and social debts +€6,455
up €6,455 (+84.2%), from €7,668 to €14,124
- Other debts -€4,630
down €4,630 (-5.1%), from €90,510 to €85,881
- Gross operating margin -€61,231
down €61,231 (-85.5%), from €71,616 to €10,385
- Taxes -€17,613
down €17,613 (-87.9%), from €20,040 to €2,427
- Financial income -€3,594
down €3,594 (-67.8%), from €5,299 to €1,705
- Other operating charges +€764
up €764 (+53.8%), from €1,420 to €2,184
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 | €398,315 | €306,844 | -€91,470 | -23.0% |
| Fixed assets | 21/28 | €21,474 | €18,606 | -€2,869 | -13.4% |
| Tangible fixed assets | 22/27 | €21,474 | €18,606 | -€2,869 | -13.4% |
| Land and buildings | 22 | €246 | €0 | -€246 | -100% |
| Plant, machinery and equipment | 23 | €1,969 | €1,474 | -€494 | -25.1% |
| Furniture and vehicles | 24 | €19,259 | €17,131 | -€2,128 | -11.1% |
| Current assets | 29/58 | €376,841 | €288,239 | -€88,602 | -23.5% |
| Amounts receivable within one year | 40/41 | €2,825 | €20,615 | +€17,790 | +630% |
| Trade receivables | 40 | €45 | €0 | -€45 | -100% |
| Other amounts receivable | 41 | €2,780 | €20,615 | +€17,835 | +642% |
| Current investments | 50/53 | €50,187 | €50,187 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €322,528 | €216,435 | -€106,093 | -32.9% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,002 | -€299 | -23.0% |
| Total equity and liabilities | 10/49 | €398,315 | €306,844 | -€91,470 | -23.0% |
| Equity | 10/15 | €298,291 | €203,842 | -€94,450 | -31.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €279,741 | €185,292 | -€94,450 | -33.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €279,741 | €185,292 | -€94,450 | -33.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,023 | €103,003 | +€2,979 | +3.0% |
| Amounts payable within one year | 42/48 | €100,023 | €103,003 | +€2,979 | +3.0% |
| Trade debts | 44 | €1,845 | €2,998 | +€1,154 | +62.5% |
| Suppliers | 440/4 | €1,845 | €2,998 | +€1,154 | +62.5% |
| Taxes, remuneration and social security | 45 | €7,668 | €14,124 | +€6,455 | +84.2% |
| Taxes | 450/3 | €7,668 | €14,124 | +€6,455 | +84.2% |
| Other amounts payable | 47/48 | €90,510 | €85,881 | -€4,630 | -5.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,892 | €7,346 | +€454 | +6.6% |
| Other operating charges | 640/8 | €1,420 | €2,184 | +€764 | +53.8% |
| Gross operating margin | 9900 | €71,616 | €10,385 | -€61,231 | -85.5% |
| Operating profit (loss) | 9901 | €63,303 | €855 | -€62,448 | -98.6% |
| Financial income | 75/76B | €5,299 | €1,705 | -€3,594 | -67.8% |
| Recurring financial income | 75 | €5,299 | €1,705 | -€3,594 | -67.8% |
| Financial charges | 65/66B | €469 | €426 | -€43 | -9.2% |
| Recurring financial charges | 65 | €469 | €426 | -€43 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €68,133 | €2,135 | -€65,998 | -96.9% |
| Income taxes | 67/77 | €20,040 | €2,427 | -€17,613 | -87.9% |
| Profit (loss) for the period | 9904 | €48,093 | -€292 | -€48,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,093 | -€292 | -€48,385 |
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 24 October 2026 via checked.be.