Serenea: 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.
Serenea
Largest movements
- Cash +€27,409
up €27,409 (+103%), from €26,537 to €53,946
mainly Tax, wage and social debts (+€13,263) and Trade debts (+€9,290)
- Tangible fixed assets -€1,300
down €1,300 (-10.7%), from €12,119 to €10,819
- Tax, wage and social debts +€13,263
up €13,263 (+113%), from €11,779 to €25,042
of which Remuneration and social security: +€9,915
- Trade debts +€9,290
up €9,290 (+701%), from €1,324 to €10,615
- Profit (loss) carried forward +€4,067
up €4,067 (+21.7%), from €18,726 to €22,794
- Turnover +€173,917
up €173,917 (+176%), from €98,895 to €272,812
- Purchases and services +€110,184
up €110,184 (+154%), from €71,686 to €181,871
- Staff costs +€80,404
up €80,404 (+4,666%), from €1,723 to €82,127
- Gross operating margin +€63,725
up €63,725 (+234%), from €27,216 to €90,942
- Taxes -€3,216
down €3,216 (-72.5%), from €4,439 to €1,223
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 | €42,084 | €68,227 | +€26,143 | +62.1% |
| Fixed assets | 21/28 | €12,119 | €10,819 | -€1,300 | -10.7% |
| Tangible fixed assets | 22/27 | €12,119 | €10,819 | -€1,300 | -10.7% |
| Land and buildings | 22 | €6,315 | €5,672 | -€643 | -10.2% |
| Plant, machinery and equipment | 23 | €2,185 | €1,938 | -€247 | -11.3% |
| Furniture and vehicles | 24 | €3,619 | €3,209 | -€410 | -11.3% |
| Current assets | 29/58 | €29,964 | €57,408 | +€27,443 | +91.6% |
| Stocks and contracts in progress | 3 | €3,427 | €3,461 | +€34 | +1.0% |
| Stocks | 30/36 | €3,427 | €3,461 | +€34 | +1.0% |
| Cash at bank and in hand | 54/58 | €26,537 | €53,946 | +€27,409 | +103% |
| Total equity and liabilities | 10/49 | €42,084 | €68,227 | +€26,143 | +62.1% |
| Equity | 10/15 | €20,726 | €24,794 | +€4,067 | +19.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,726 | €22,794 | +€4,067 | +21.7% |
| Amounts payable | 17/49 | €21,357 | €43,433 | +€22,076 | +103% |
| Amounts payable within one year | 42/48 | €21,357 | €43,433 | +€22,076 | +103% |
| Financial debts | 43 | €2,157 | €2,157 | = | 0.0% |
| Other loans | 439 | €2,157 | €2,157 | = | 0.0% |
| Trade debts | 44 | €1,324 | €10,615 | +€9,290 | +701% |
| Suppliers | 440/4 | €1,324 | €10,615 | +€9,290 | +701% |
| Taxes, remuneration and social security | 45 | €11,779 | €25,042 | +€13,263 | +113% |
| Taxes | 450/3 | €9,770 | €13,118 | +€3,348 | +34.3% |
| Remuneration and social security | 454/9 | €2,009 | €11,925 | +€9,915 | +493% |
| Other amounts payable | 47/48 | €6,097 | €5,619 | -€478 | -7.8% |
| Turnover | 70 | €98,895 | €272,812 | +€173,917 | +176% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,686 | €181,871 | +€110,184 | +154% |
| Remuneration, social security and pensions | 62 | €1,723 | €82,127 | +€80,404 | +4,666% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €1,300 | +€421 | +48.0% |
| Other operating charges | 640/8 | - | €288 | +€288 | |
| Gross operating margin | 9900 | €27,216 | €90,942 | +€63,725 | +234% |
| Operating profit (loss) | 9901 | €24,615 | €7,227 | -€17,388 | -70.6% |
| Financial income | 75/76B | €205 | €507 | +€302 | +147% |
| Recurring financial income | 75 | €205 | €507 | +€302 | +147% |
| Financial charges | 65/66B | €1,655 | €2,444 | +€790 | +47.7% |
| Recurring financial charges | 65 | €1,655 | €2,444 | +€790 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €23,165 | €5,290 | -€17,875 | -77.2% |
| Income taxes | 67/77 | €4,439 | €1,223 | -€3,216 | -72.5% |
| Profit (loss) for the period | 9904 | €18,726 | €4,067 | -€14,659 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,726 | €4,067 | -€14,659 | -78.3% |
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 24 October 2026 via checked.be.