Serendipity: 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.
Serendipity
Largest movements
- Cash -€17,566
down €17,566 (-30.3%), from €57,939 to €40,373
mainly Contributions, distributions and other (-€15,395) and Investment in fixed assets (net) (-€6,000)
- Tangible fixed assets +€5,628
up €5,628 (+74.6%), from €7,544 to €13,172
of which Other tangible fixed assets: +€6,000
- Deferred charges and accrued income -€2,906
down €2,906 (-74.0%), from €3,925 to €1,019
- Receivables within one year +€1,376
up €1,376 (+95.3%), from €1,444 to €2,820
of which Other amounts receivable: +€2,228
- Reserves -€8,260
down €8,260 (-19.0%), from €43,553 to €35,293
- Trade debts -€5,557
down €5,557 (-97.7%), from €5,687 to €130
- Taxes +€557
up €557 (+18.3%), from €3,042 to €3,599
- Gross operating margin +€398
up €398 (+3.4%), from €11,630 to €12,028
- Other operating charges -€233
down €233 (-20.9%), from €1,113 to €880
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 | €70,853 | €57,384 | -€13,469 | -19.0% |
| Fixed assets | 21/28 | €7,544 | €13,172 | +€5,628 | +74.6% |
| Tangible fixed assets | 22/27 | €7,544 | €13,172 | +€5,628 | +74.6% |
| Furniture and vehicles | 24 | €551 | €179 | -€372 | -67.5% |
| Other tangible fixed assets | 26 | €6,993 | €12,993 | +€6,000 | +85.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €63,309 | €44,212 | -€19,097 | -30.2% |
| Amounts receivable within one year | 40/41 | €1,444 | €2,820 | +€1,376 | +95.3% |
| Trade receivables | 40 | €1,215 | €363 | -€852 | -70.1% |
| Other amounts receivable | 41 | €229 | €2,457 | +€2,228 | +973% |
| Cash at bank and in hand | 54/58 | €57,939 | €40,373 | -€17,566 | -30.3% |
| Deferred charges and accrued income | 490/1 | €3,925 | €1,019 | -€2,906 | -74.0% |
| Total equity and liabilities | 10/49 | €70,853 | €57,384 | -€13,469 | -19.0% |
| Equity | 10/15 | €62,153 | €53,893 | -€8,260 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,553 | €35,293 | -€8,260 | -19.0% |
| Distributable reserves | 133 | €43,553 | €35,293 | -€8,260 | -19.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,700 | €3,491 | -€5,209 | -59.9% |
| Amounts payable within one year | 42/48 | €8,634 | €2,875 | -€5,759 | -66.7% |
| Trade debts | 44 | €5,687 | €130 | -€5,557 | -97.7% |
| Suppliers | 440/4 | €5,687 | €130 | -€5,557 | -97.7% |
| Taxes, remuneration and social security | 45 | €2,887 | €2,442 | -€445 | -15.4% |
| Taxes | 450/3 | €2,887 | €1,042 | -€1,845 | -63.9% |
| Remuneration and social security | 454/9 | €0 | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €60 | €303 | +€243 | +404% |
| Accrued charges and deferred income | 492/3 | €66 | €616 | +€550 | +837% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €372 | -€94 | -20.1% |
| Other operating charges | 640/8 | €1,113 | €880 | -€233 | -20.9% |
| Gross operating margin | 9900 | €11,630 | €12,028 | +€398 | +3.4% |
| Operating profit (loss) | 9901 | €10,051 | €10,776 | +€725 | +7.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €40 | €43 | +€3 | +7.5% |
| Recurring financial charges | 65 | €40 | €43 | +€3 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €10,011 | €10,734 | +€723 | +7.2% |
| Income taxes | 67/77 | €3,042 | €3,599 | +€557 | +18.3% |
| Profit (loss) for the period | 9904 | €6,969 | €7,135 | +€166 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,969 | €7,135 | +€166 | +2.4% |
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 18 October 2026 via checked.be.