SERENITY HOLDINGS: 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 HOLDINGS
Largest movements
- Receivables within one year +€380,914
up €380,914 (+16,644%), from €2,289 to €383,203
of which Other amounts receivable: +€383,203
- Cash -€293,758
down €293,758 (-88.9%), from €330,288 to €36,530
mainly Receivables within one year (-€380,914) and Debts after one year (-€84,228)
- Tangible fixed assets -€136,267
down €136,267 (-7.2%), from €1.9m to €1.7m
of which Plant, machinery and equipment: -€104,391
- Debts after one year -€84,228
down €84,228 (-4.4%), from €1.9m to €1.8m
- Gross operating margin -€13,570
down €13,570 (-5.8%), from €233,464 to €219,894
- Financial income +€8,261
new in 2025: €8,261
- Financial charges -€3,882
down €3,882 (-9.6%), from €40,514 to €36,631
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 | €2,216,108 | €2,167,032 | -€49,076 | -2.2% |
| Fixed assets | 21/28 | €1,879,637 | €1,743,371 | -€136,267 | -7.2% |
| Tangible fixed assets | 22/27 | €1,879,637 | €1,743,371 | -€136,267 | -7.2% |
| Land and buildings | 22 | €1,402,371 | €1,370,921 | -€31,450 | -2.2% |
| Plant, machinery and equipment | 23 | €476,841 | €372,449 | -€104,391 | -21.9% |
| Furniture and vehicles | 24 | €425 | - | -€425 | |
| Current assets | 29/58 | €336,470 | €423,661 | +€87,191 | +25.9% |
| Amounts receivable within one year | 40/41 | €2,289 | €383,203 | +€380,914 | +16,644% |
| Trade receivables | 40 | €2,289 | - | -€2,289 | |
| Other amounts receivable | 41 | - | €383,203 | +€383,203 | |
| Cash at bank and in hand | 54/58 | €330,288 | €36,530 | -€293,758 | -88.9% |
| Deferred charges and accrued income | 490/1 | €3,894 | €3,929 | +€35 | +0.9% |
| Total equity and liabilities | 10/49 | €2,216,108 | €2,167,032 | -€49,076 | -2.2% |
| Equity | 10/15 | €196,185 | €216,286 | +€20,101 | +10.2% |
| Contributions | 10/11 | €662,000 | €662,000 | = | 0.0% |
| Capital | 10 | €662,000 | €662,000 | = | 0.0% |
| Issued capital | 100 | €662,000 | €662,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€465,815 | -€445,714 | +€20,101 | +4.3% |
| Amounts payable | 17/49 | €2,019,923 | €1,950,746 | -€69,177 | -3.4% |
| Amounts payable after more than one year | 17 | €1,903,228 | €1,819,000 | -€84,228 | -4.4% |
| Financial debts | 170/4 | €1,903,228 | €1,819,000 | -€84,228 | -4.4% |
| Amounts payable within one year | 42/48 | €110,686 | €124,802 | +€14,116 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €84,000 | €84,000 | = | 0.0% |
| Trade debts | 44 | €25,415 | €40,712 | +€15,297 | +60.2% |
| Suppliers | 440/4 | €25,415 | €40,712 | +€15,297 | +60.2% |
| Other amounts payable | 47/48 | €1,271 | €90 | -€1,181 | -92.9% |
| Accrued charges and deferred income | 492/3 | €6,010 | €6,944 | +€934 | +15.5% |
| Non-recurring operating income | 76A | - | €3,108 | +€3,108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,438 | €136,267 | -€171 | -0.1% |
| Other operating charges | 640/8 | €34,657 | €35,155 | +€498 | +1.4% |
| Gross operating margin | 9900 | €233,464 | €219,894 | -€13,570 | -5.8% |
| Operating profit (loss) | 9901 | €62,369 | €48,472 | -€13,897 | -22.3% |
| Financial income | 75/76B | - | €8,261 | +€8,261 | |
| Recurring financial income | 75 | - | €8,261 | +€8,261 | |
| Financial charges | 65/66B | €40,514 | €36,631 | -€3,882 | -9.6% |
| Recurring financial charges | 65 | €40,514 | €36,631 | -€3,882 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €21,855 | €20,101 | -€1,754 | -8.0% |
| Profit (loss) for the period | 9904 | €21,855 | €20,101 | -€1,754 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,855 | €20,101 | -€1,754 | -8.0% |
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 28 October 2026 via checked.be.