SereniMax: 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.
SereniMax
Largest movements
- Cash -€12,155
down €12,155 (-78.4%), from €15,500 to €3,345
mainly Net result for the year (-€26,655) and Trade debts (-€2,348)
- Receivables within one year -€1,848
down €1,848 (-52.9%), from €3,494 to €1,646
of which Other amounts receivable: -€2,233
- Profit (loss) carried forward -€26,655
down €26,655 (-18.5%), from -€144,169 to -€170,823
- Other debts +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Trade debts -€2,348
down €2,348 (-74.3%), from €3,162 to €814
- Purchases and services -€47,993
no longer reported in 2025 (was €47,993)
- Gross operating margin +€17,062
up €17,062 (+39.7%), from -€43,006 to -€25,944
- Turnover -€4,986
no longer reported in 2025 (was €4,986)
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 | €18,993 | €4,991 | -€14,003 | -73.7% |
| Current assets | 29/58 | €18,993 | €4,991 | -€14,003 | -73.7% |
| Amounts receivable within one year | 40/41 | €3,494 | €1,646 | -€1,848 | -52.9% |
| Trade receivables | 40 | €714 | €1,098 | +€384 | +53.8% |
| Other amounts receivable | 41 | €2,780 | €547 | -€2,233 | -80.3% |
| Cash at bank and in hand | 54/58 | €15,500 | €3,345 | -€12,155 | -78.4% |
| Total equity and liabilities | 10/49 | €18,993 | €4,991 | -€14,003 | -73.7% |
| Equity | 10/15 | -€9,169 | -€35,823 | -€26,655 | -291% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,169 | -€170,823 | -€26,655 | -18.5% |
| Amounts payable | 17/49 | €28,162 | €40,814 | +€12,652 | +44.9% |
| Amounts payable within one year | 42/48 | €28,162 | €40,814 | +€12,652 | +44.9% |
| Trade debts | 44 | €3,162 | €814 | -€2,348 | -74.3% |
| Suppliers | 440/4 | €3,162 | €814 | -€2,348 | -74.3% |
| Other amounts payable | 47/48 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Turnover | 70 | €4,986 | - | -€4,986 | |
| Goods, raw materials, services and sundry goods | 60/61 | €47,993 | - | -€47,993 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€43,006 | -€25,944 | +€17,062 | +39.7% |
| Operating profit (loss) | 9901 | -€43,394 | -€26,344 | +€17,050 | +39.3% |
| Financial charges | 65/66B | €419 | €311 | -€108 | -25.8% |
| Recurring financial charges | 65 | €419 | €311 | -€108 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,813 | -€26,655 | +€17,158 | +39.2% |
| Profit (loss) for the period | 9904 | -€43,813 | -€26,655 | +€17,158 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,813 | -€26,655 | +€17,158 | +39.2% |
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.