SERENDY: 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.
SERENDY
Largest movements
- Cash -€11,409
down €11,409 (-92.3%), from €12,356 to €947
mainly Net result for the year (-€10,633) and Stocks and contracts (-€9,041)
- Stocks and contracts +€9,041
up €9,041 (+10.8%), from €83,887 to €92,928
- Receivables within one year -€8,185
down €8,185 (-20.8%), from €39,317 to €31,132
of which Trade receivables: -€8,238
- Profit (loss) carried forward -€10,633
down €10,633 (-15.0%), from -€70,839 to -€81,472
- Trade debts +€9,957
up €9,957 (+48.3%), from €20,616 to €30,573
- Debts after one year -€8,108
down €8,108 (-41.5%), from €19,524 to €11,416
- Other debts -€1,937
down €1,937 (-1.5%), from €132,228 to €130,291
- Gross operating margin -€25,443
down €25,443, from €21,526 to -€3,917
- Financial charges +€699
up €699 (+12.2%), from €5,712 to €6,411
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 | €136,016 | €125,926 | -€10,090 | -7.4% |
| Fixed assets | 21/28 | €456 | €284 | -€172 | -37.7% |
| Tangible fixed assets | 22/27 | €456 | €284 | -€172 | -37.7% |
| Furniture and vehicles | 24 | €456 | €284 | -€172 | -37.7% |
| Current assets | 29/58 | €135,560 | €125,642 | -€9,918 | -7.3% |
| Stocks and contracts in progress | 3 | €83,887 | €92,928 | +€9,041 | +10.8% |
| Stocks | 30/36 | €83,887 | €92,928 | +€9,041 | +10.8% |
| Amounts receivable within one year | 40/41 | €39,317 | €31,132 | -€8,185 | -20.8% |
| Trade receivables | 40 | €39,317 | €31,079 | -€8,238 | -21.0% |
| Other amounts receivable | 41 | - | €53 | +€53 | |
| Cash at bank and in hand | 54/58 | €12,356 | €947 | -€11,409 | -92.3% |
| Deferred charges and accrued income | 490/1 | - | €635 | +€635 | |
| Total equity and liabilities | 10/49 | €136,016 | €125,926 | -€10,090 | -7.4% |
| Equity | 10/15 | -€45,839 | -€56,472 | -€10,633 | -23.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,839 | -€81,472 | -€10,633 | -15.0% |
| Amounts payable | 17/49 | €181,855 | €182,398 | +€543 | +0.3% |
| Amounts payable after more than one year | 17 | €19,524 | €11,416 | -€8,108 | -41.5% |
| Financial debts | 170/4 | €19,524 | €11,416 | -€8,108 | -41.5% |
| Amounts payable within one year | 42/48 | €162,331 | €170,982 | +€8,651 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €6,516 | €7,521 | +€1,005 | +15.4% |
| Trade debts | 44 | €20,616 | €30,573 | +€9,957 | +48.3% |
| Suppliers | 440/4 | €20,616 | €30,573 | +€9,957 | +48.3% |
| Taxes, remuneration and social security | 45 | €2,971 | €2,597 | -€374 | -12.6% |
| Taxes | 450/3 | €2,971 | €2,597 | -€374 | -12.6% |
| Other amounts payable | 47/48 | €132,228 | €130,291 | -€1,937 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162 | €172 | +€10 | +6.2% |
| Other operating charges | 640/8 | €104 | €162 | +€58 | +55.8% |
| Non-recurring operating charges | 66A | €136 | - | -€136 | |
| Gross operating margin | 9900 | €21,526 | -€3,917 | -€25,443 | |
| Operating profit (loss) | 9901 | €21,124 | -€4,251 | -€25,375 | |
| Financial income | 75/76B | €239 | €29 | -€210 | -87.9% |
| Recurring financial income | 75 | €239 | €29 | -€210 | -87.9% |
| Financial charges | 65/66B | €5,712 | €6,411 | +€699 | +12.2% |
| Recurring financial charges | 65 | €5,712 | €6,411 | +€699 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €15,651 | -€10,633 | -€26,284 | |
| Income taxes | 67/77 | €5 | - | -€5 | |
| Profit (loss) for the period | 9904 | €15,646 | -€10,633 | -€26,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,646 | -€10,633 | -€26,279 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.