SERENITY FINANCE: what changed
SERENITY FINANCE
Largest movements
- Cash -€15,226
down €15,226 (-96.0%), from €15,867 to €640
mainly Investment in fixed assets (net) (-€11,454) and Other debts (-€7,531)
- Tangible fixed assets +€7,400
up €7,400 (+116%), from €6,353 to €13,753
of which Furniture and vehicles: +€6,584
- Receivables within one year -€5,527
down €5,527 (-55.5%), from €9,955 to €4,428
- Other debts -€7,531
down €7,531 (-30.1%), from €25,000 to €17,469
- Profit (loss) carried forward -€5,585
new in 2025: -€5,585
- Gross operating margin -€5,696
down €5,696, from €4,895 to -€800
- Taxes +€600
up €600 (+75.0%), from -€800 to -€200
- Other operating charges -€238
down €238 (-24.1%), from €987 to €749
- Depreciation +€134
up €134 (+3.3%), from €4,047 to €4,181
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,855 | €19,374 | -€13,480 | -41.0% |
| Fixed assets | 21/28 | €7,033 | €14,306 | +€7,273 | +103% |
| Intangible fixed assets | 21 | €680 | €553 | -€127 | -18.7% |
| Tangible fixed assets | 22/27 | €6,353 | €13,753 | +€7,400 | +116% |
| Plant, machinery and equipment | 23 | €303 | €1,723 | +€1,420 | +469% |
| Furniture and vehicles | 24 | €2,791 | €9,375 | +€6,584 | +236% |
| Other tangible fixed assets | 26 | €3,260 | €2,656 | -€604 | -18.5% |
| Current assets | 29/58 | €25,822 | €5,068 | -€20,754 | -80.4% |
| Amounts receivable within one year | 40/41 | €9,955 | €4,428 | -€5,527 | -55.5% |
| Other amounts receivable | 41 | €9,955 | €4,428 | -€5,527 | -55.5% |
| Cash at bank and in hand | 54/58 | €15,867 | €640 | -€15,226 | -96.0% |
| Total equity and liabilities | 10/49 | €32,855 | €19,374 | -€13,480 | -41.0% |
| Equity | 10/15 | €7,490 | €1,906 | -€5,585 | -74.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,490 | €4,490 | = | 0.0% |
| Distributable reserves | 133 | €4,490 | €4,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,585 | -€5,585 | |
| Amounts payable | 17/49 | €25,365 | €17,469 | -€7,896 | -31.1% |
| Amounts payable within one year | 42/48 | €25,365 | €17,469 | -€7,896 | -31.1% |
| Trade debts | 44 | €165 | €0 | -€165 | -100% |
| Suppliers | 440/4 | €165 | €0 | -€165 | -100% |
| Taxes, remuneration and social security | 45 | €200 | €0 | -€200 | -100% |
| Taxes | 450/3 | €200 | €0 | -€200 | -100% |
| Other amounts payable | 47/48 | €25,000 | €17,469 | -€7,531 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,047 | €4,181 | +€134 | +3.3% |
| Other operating charges | 640/8 | €987 | €749 | -€238 | -24.1% |
| Gross operating margin | 9900 | €4,895 | -€800 | -€5,696 | |
| Operating profit (loss) | 9901 | -€138 | -€5,731 | -€5,593 | -4,052% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€189 | -€5,785 | -€5,596 | -2,960% |
| Income taxes | 67/77 | -€800 | -€200 | +€600 | +75.0% |
| Profit (loss) for the period | 9904 | €611 | -€5,585 | -€6,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €611 | -€5,585 | -€6,195 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.