SERENDIPPO: what changed
Two fiscal 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.
SERENDIPPO
Largest movements
- Cash +€49,231
up €49,231 (+666.1%), from €7,391 to €56,622
mainly Net result for the year (+€96,833) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Receivables within one year -€21,494
down €21,494 (-36.0%), from €59,627 to €38,133
of which Trade receivables: -€23,779
- Tangible fixed assets -€14,035
down €14,035 (-9.4%), from €149,604 to €135,570
of which Land and buildings: -€13,147
- Other debts -€19,151
down €19,151 (-16.7%), from €114,463 to €95,312
- Profit (loss) carried forward +€12,382
up €12,382 (+14.7%), from €84,279 to €96,661
- Tax, wage and social debts -€3,720
down €3,720 (-16.0%), from €23,247 to €19,527
- Gross operating margin -€41,038
down €41,038 (-22.0%), from €186,880 to €145,842
- Taxes -€10,409
down €10,409 (-27.8%), from €37,399 to €26,991
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.
Cash bridge derived
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 | €242,580 | €231,337 | -€11,243 | -4.6% |
| Fixed assets | 21/28 | €149,604 | €135,570 | -€14,035 | -9.4% |
| Tangible fixed assets | 22/27 | €149,604 | €135,570 | -€14,035 | -9.4% |
| Land and buildings | 22 | €147,048 | €133,901 | -€13,147 | -8.9% |
| Furniture and vehicles | 24 | €2,556 | €1,669 | -€888 | -34.7% |
| Current assets | 29/58 | €92,975 | €95,768 | +€2,792 | +3.0% |
| Amounts receivable within one year | 40/41 | €59,627 | €38,133 | -€21,494 | -36.0% |
| Trade receivables | 40 | €58,903 | €35,124 | -€23,779 | -40.4% |
| Other amounts receivable | 41 | €724 | €3,009 | +€2,285 | +315.7% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,391 | €56,622 | +€49,231 | +666.1% |
| Deferred charges and accrued income | 490/1 | €958 | €1,013 | +€55 | +5.8% |
| Total equity and liabilities | 10/49 | €242,580 | €231,337 | -€11,243 | -4.6% |
| Equity | 10/15 | €104,739 | €116,401 | +€11,661 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,139 | -€721 | -38.7% |
| Distributable reserves | 133 | €1,860 | €1,139 | -€721 | -38.7% |
| Profit (loss) carried forward | 14 | €84,279 | €96,661 | +€12,382 | +14.7% |
| Amounts payable | 17/49 | €137,840 | €114,936 | -€22,904 | -16.6% |
| Amounts payable within one year | 42/48 | €137,840 | €114,936 | -€22,904 | -16.6% |
| Trade debts | 44 | €130 | €98 | -€33 | -25.0% |
| Suppliers | 440/4 | €130 | €98 | -€33 | -25.0% |
| Taxes, remuneration and social security | 45 | €23,247 | €19,527 | -€3,720 | -16.0% |
| Taxes | 450/3 | €23,247 | €19,527 | -€3,720 | -16.0% |
| Other amounts payable | 47/48 | €114,463 | €95,312 | -€19,151 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,187 | €14,407 | +€221 | +1.6% |
| Other operating charges | 640/8 | €1,857 | €1,855 | -€2 | -0.1% |
| Gross operating margin | 9900 | €186,880 | €145,842 | -€41,038 | -22.0% |
| Operating profit (loss) | 9901 | €170,837 | €129,580 | -€41,257 | -24.2% |
| Financial income | 75/76B | €1,600 | €800 | -€800 | -50.0% |
| Recurring financial income | 75 | €1,600 | €800 | -€800 | -50.0% |
| Financial charges | 65/66B | €6,334 | €6,556 | +€222 | +3.5% |
| Recurring financial charges | 65 | €6,334 | €6,556 | +€222 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €166,103 | €123,824 | -€42,279 | -25.5% |
| Income taxes | 67/77 | €37,399 | €26,991 | -€10,409 | -27.8% |
| Profit (loss) for the period | 9904 | €128,704 | €96,833 | -€31,870 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €128,704 | €96,833 | -€31,870 | -24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.