SERENDIPITIES: 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.
SERENDIPITIES
Largest movements
- Cash +€99,482
up €99,482 (+37.5%), from €265,458 to €364,940
mainly Net result for the year (+€89,769) and Receivables within one year (+€33,894)
- Receivables within one year -€33,894
down €33,894 (-40.1%), from €84,464 to €50,570
of which Other amounts receivable: -€28,603
- Reserves +€187,769
up €187,769 (+116%), from €162,376 to €350,145
of which Distributable reserves: +€187,769
- Profit (loss) carried forward -€98,000
down €98,000 (-99.9%), from €98,111 to €111
- Other debts -€36,111
down €36,111 (-88.5%), from €40,805 to €4,694
- Tax, wage and social debts +€14,700
up €14,700 (+40.2%), from €36,610 to €51,311
- Gross operating margin +€26,822
up €26,822 (+26.2%), from €102,306 to €129,128
- Taxes +€10,507
up €10,507 (+39.3%), from €26,752 to €37,259
- Other operating charges -€5,519
down €5,519 (-82.3%), from €6,705 to €1,185
- Depreciation -€1,851
down €1,851 (-71.6%), from €2,585 to €734
- Financial income +€1,729
up €1,729 (+608%), from €285 to €2,014
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 | €353,698 | €420,301 | +€66,603 | +18.8% |
| Fixed assets | 21/28 | €2,883 | €1,674 | -€1,209 | -41.9% |
| Tangible fixed assets | 22/27 | €2,768 | €1,559 | -€1,209 | -43.7% |
| Furniture and vehicles | 24 | €2,768 | €1,559 | -€1,209 | -43.7% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €350,815 | €418,627 | +€67,812 | +19.3% |
| Amounts receivable within one year | 40/41 | €84,464 | €50,570 | -€33,894 | -40.1% |
| Trade receivables | 40 | €55,861 | €50,570 | -€5,291 | -9.5% |
| Other amounts receivable | 41 | €28,603 | - | -€28,603 | |
| Cash at bank and in hand | 54/58 | €265,458 | €364,940 | +€99,482 | +37.5% |
| Deferred charges and accrued income | 490/1 | €893 | €3,117 | +€2,224 | +249% |
| Total equity and liabilities | 10/49 | €353,698 | €420,301 | +€66,603 | +18.8% |
| Equity | 10/15 | €266,686 | €356,456 | +€89,769 | +33.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €162,376 | €350,145 | +€187,769 | +116% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €162,376 | €350,145 | +€187,769 | +116% |
| Profit (loss) carried forward | 14 | €98,111 | €111 | -€98,000 | -99.9% |
| Amounts payable | 17/49 | €87,012 | €63,846 | -€23,166 | -26.6% |
| Amounts payable within one year | 42/48 | €87,012 | €63,532 | -€23,480 | -27.0% |
| Trade debts | 44 | €9,596 | €7,527 | -€2,069 | -21.6% |
| Suppliers | 440/4 | €9,596 | €7,527 | -€2,069 | -21.6% |
| Taxes, remuneration and social security | 45 | €36,610 | €51,311 | +€14,700 | +40.2% |
| Taxes | 450/3 | €36,610 | €51,311 | +€14,700 | +40.2% |
| Other amounts payable | 47/48 | €40,805 | €4,694 | -€36,111 | -88.5% |
| Accrued charges and deferred income | 492/3 | - | €314 | +€314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,585 | €734 | -€1,851 | -71.6% |
| Other operating charges | 640/8 | €6,705 | €1,185 | -€5,519 | -82.3% |
| Non-recurring operating charges | 66A | - | €1,369 | +€1,369 | |
| Gross operating margin | 9900 | €102,306 | €129,128 | +€26,822 | +26.2% |
| Operating profit (loss) | 9901 | €93,017 | €125,840 | +€32,823 | +35.3% |
| Financial income | 75/76B | €285 | €2,014 | +€1,729 | +608% |
| Recurring financial income | 75 | €285 | €2,014 | +€1,729 | +608% |
| Financial charges | 65/66B | €122 | €826 | +€704 | +577% |
| Recurring financial charges | 65 | €122 | €826 | +€704 | +577% |
| Profit (loss) for the period before taxes | 9903 | €93,180 | €127,028 | +€33,848 | +36.3% |
| Income taxes | 67/77 | €26,752 | €37,259 | +€10,507 | +39.3% |
| Profit (loss) for the period | 9904 | €66,428 | €89,769 | +€23,341 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,428 | €89,769 | +€23,341 | +35.1% |
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 14 October 2026 via checked.be.