SERENE PERSPECTIVE: 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.
SERENE PERSPECTIVE
Largest movements
- Cash +€4,747
up €4,747 (+341.6%), from €1,390 to €6,137
mainly Net result for the year (+€5,452) and Deferred charges and accrued income (+€0)
- Profit (loss) carried forward +€5,452
up €5,452 (+64.4%), from -€8,471 to -€3,019
- Trade debts -€673
no longer reported in 2025 (was €673)
- Gross operating margin +€6,783
up €6,783, from -€877 to €5,905
- Other operating charges +€400
new in 2025: €400
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 | €1,431 | €6,178 | +€4,747 | +331.6% |
| Current assets | 29/58 | €1,431 | €6,178 | +€4,747 | +331.6% |
| Cash at bank and in hand | 54/58 | €1,390 | €6,137 | +€4,747 | +341.6% |
| Deferred charges and accrued income | 490/1 | €41 | €41 | -€0 | -1.1% |
| Total equity and liabilities | 10/49 | €1,431 | €6,178 | +€4,747 | +331.6% |
| Equity | 10/15 | -€411 | €5,041 | +€5,452 | |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,471 | -€3,019 | +€5,452 | +64.4% |
| Amounts payable | 17/49 | €1,842 | €1,137 | -€705 | -38.3% |
| Amounts payable within one year | 42/48 | €1,842 | €1,137 | -€705 | -38.3% |
| Trade debts | 44 | €673 | - | -€673 | |
| Suppliers | 440/4 | €673 | - | -€673 | |
| Other amounts payable | 47/48 | €1,169 | €1,137 | -€32 | -2.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€877 | €5,905 | +€6,783 | |
| Operating profit (loss) | 9901 | -€877 | €5,506 | +€6,383 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €45 | €54 | +€9 | +19.4% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€922 | €5,452 | +€6,374 | |
| Profit (loss) for the period | 9904 | -€922 | €5,452 | +€6,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€922 | €5,452 | +€6,374 |
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 7 October 2026 via checked.be.