SERENDIPIA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€17,703
up €17,703 (+32.6%), from €54,257 to €71,959
mainly Net result for the year (+€21,390) and Other debts (+€4,149)
- Tangible fixed assets +€5,282
new in 2025: €5,282
- Profit (loss) carried forward +€21,390
up €21,390 (+58.3%), from €36,680 to €58,070
- Other debts +€4,149
up €4,149 (+120%), from €3,471 to €7,620
- Tax, wage and social debts -€2,083
down €2,083 (-15.4%), from €13,490 to €11,407
- Gross operating margin -€13,024
down €13,024 (-31.7%), from €41,097 to €28,073
- Taxes -€2,155
down €2,155 (-26.0%), from €8,279 to €6,123
- Financial charges -€1,585
down €1,585 (-97.2%), from €1,631 to €46
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 | €66,634 | €90,201 | +€23,568 | +35.4% |
| Fixed assets | 21/28 | - | €5,282 | +€5,282 | |
| Tangible fixed assets | 22/27 | - | €5,282 | +€5,282 | |
| Furniture and vehicles | 24 | - | €5,282 | +€5,282 | |
| Current assets | 29/58 | €66,634 | €84,919 | +€18,285 | +27.4% |
| Amounts receivable within one year | 40/41 | €10,891 | €11,076 | +€185 | +1.7% |
| Trade receivables | 40 | €10,890 | €11,070 | +€180 | +1.7% |
| Other amounts receivable | 41 | €1 | €6 | +€5 | +410% |
| Cash at bank and in hand | 54/58 | €54,257 | €71,959 | +€17,703 | +32.6% |
| Deferred charges and accrued income | 490/1 | €1,486 | €1,884 | +€398 | +26.8% |
| Total equity and liabilities | 10/49 | €66,634 | €90,201 | +€23,568 | +35.4% |
| Equity | 10/15 | €39,680 | €61,070 | +€21,390 | +53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,680 | €58,070 | +€21,390 | +58.3% |
| Amounts payable | 17/49 | €26,954 | €29,131 | +€2,178 | +8.1% |
| Amounts payable within one year | 42/48 | €26,954 | €29,131 | +€2,178 | +8.1% |
| Trade debts | 44 | €9,993 | €10,104 | +€111 | +1.1% |
| Suppliers | 440/4 | €9,993 | €10,104 | +€111 | +1.1% |
| Taxes, remuneration and social security | 45 | €13,490 | €11,407 | -€2,083 | -15.4% |
| Taxes | 450/3 | €13,490 | €11,407 | -€2,083 | -15.4% |
| Other amounts payable | 47/48 | €3,471 | €7,620 | +€4,149 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €370 | +€370 | |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €41,097 | €28,073 | -€13,024 | -31.7% |
| Operating profit (loss) | 9901 | €41,097 | €27,559 | -€13,538 | -32.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,631 | €46 | -€1,585 | -97.2% |
| Recurring financial charges | 65 | €1,631 | €46 | -€1,585 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €39,466 | €27,513 | -€11,953 | -30.3% |
| Income taxes | 67/77 | €8,279 | €6,123 | -€2,155 | -26.0% |
| Profit (loss) for the period | 9904 | €31,187 | €21,390 | -€9,797 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,187 | €21,390 | -€9,797 | -31.4% |
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 29 October 2026 via checked.be.