SERENITY: 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.
SERENITY
Largest movements
- Cash +€4,068
up €4,068 (+64.6%), from €6,296 to €10,364
mainly Net result for the year (+€7,974) and Stocks and contracts (+€2,101)
- Receivables within one year +€2,672
up €2,672 (+52.5%), from €5,089 to €7,761
of which Trade receivables: +€2,671
- Stocks and contracts -€2,101
down €2,101 (-14.9%), from €14,138 to €12,037
- Tangible fixed assets -€862
down €862 (-36.5%), from €2,359 to €1,497
of which Furniture and vehicles: -€524
- Profit (loss) carried forward +€7,973
up €7,973, from -€217 to €7,756
- Current portion of long-term debt -€6,580
down €6,580 (-93.7%), from €7,020 to €440
- Tax, wage and social debts +€1,778
up €1,778 (+26.8%), from €6,641 to €8,419
- Other debts +€853
up €853 (+14.4%), from €5,944 to €6,797
- Debts after one year -€440
no longer reported in 2025 (was €440)
- Gross operating margin +€4,554
up €4,554 (+55.1%), from €8,261 to €12,815
- Taxes +€893
new in 2025: €893
- Financial charges +€509
up €509 (+35.7%), from €1,423 to €1,932
- Other operating charges -€416
down €416 (-26.3%), from €1,581 to €1,165
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 | €30,983 | €34,660 | +€3,677 | +11.9% |
| Formation expenses | 20 | €951 | €950 | -€1 | -0.1% |
| Fixed assets | 21/28 | €4,409 | €3,547 | -€862 | -19.5% |
| Tangible fixed assets | 22/27 | €2,359 | €1,497 | -€862 | -36.5% |
| Furniture and vehicles | 24 | €1,966 | €1,442 | -€524 | -26.6% |
| Other tangible fixed assets | 26 | €393 | €55 | -€338 | -86.0% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €25,623 | €30,162 | +€4,539 | +17.7% |
| Stocks and contracts in progress | 3 | €14,138 | €12,037 | -€2,101 | -14.9% |
| Stocks | 30/36 | €14,138 | €12,037 | -€2,101 | -14.9% |
| Amounts receivable within one year | 40/41 | €5,089 | €7,761 | +€2,672 | +52.5% |
| Trade receivables | 40 | €5,038 | €7,709 | +€2,671 | +53.0% |
| Other amounts receivable | 41 | €51 | €52 | +€1 | +1.9% |
| Cash at bank and in hand | 54/58 | €6,296 | €10,364 | +€4,068 | +64.6% |
| Deferred charges and accrued income | 490/1 | €100 | - | -€100 | |
| Total equity and liabilities | 10/49 | €30,983 | €34,660 | +€3,677 | +11.9% |
| Equity | 10/15 | €9,783 | €17,756 | +€7,973 | +81.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217 | €7,756 | +€7,973 | |
| Amounts payable | 17/49 | €21,200 | €16,903 | -€4,297 | -20.3% |
| Amounts payable after more than one year | 17 | €440 | - | -€440 | |
| Financial debts | 170/4 | €440 | - | -€440 | |
| Amounts payable within one year | 42/48 | €20,760 | €16,903 | -€3,857 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €7,020 | €440 | -€6,580 | -93.7% |
| Trade debts | 44 | €1,155 | €1,247 | +€92 | +7.9% |
| Suppliers | 440/4 | €1,155 | €1,247 | +€92 | +7.9% |
| Taxes, remuneration and social security | 45 | €6,641 | €8,419 | +€1,778 | +26.8% |
| Taxes | 450/3 | €6,641 | €8,419 | +€1,778 | +26.8% |
| Other amounts payable | 47/48 | €5,944 | €6,797 | +€853 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €861 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,581 | €1,165 | -€416 | -26.3% |
| Gross operating margin | 9900 | €8,261 | €12,815 | +€4,554 | +55.1% |
| Operating profit (loss) | 9901 | €5,819 | €10,789 | +€4,970 | +85.4% |
| Financial income | 75/76B | €55 | €9 | -€46 | -83.8% |
| Recurring financial income | 75 | €55 | €9 | -€46 | -83.8% |
| Financial charges | 65/66B | €1,423 | €1,932 | +€509 | +35.7% |
| Recurring financial charges | 65 | €1,423 | €1,932 | +€509 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €4,451 | €8,866 | +€4,415 | +99.2% |
| Income taxes | 67/77 | - | €893 | +€893 | |
| Profit (loss) for the period | 9904 | €4,451 | €7,974 | +€3,523 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,451 | €7,974 | +€3,523 | +79.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.