SERENITY IT: what changed
Two fiscal 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 IT
Largest movements
- Tangible fixed assets +€70,736
up €70,736 (+2007.3%), from €3,524 to €74,260
of which Furniture and vehicles: +€65,128
- Current investments +€49,814
up €49,814 (+14.1%), from €353,022 to €402,836
- Receivables within one year +€47,195
up €47,195 (+133.8%), from €35,281 to €82,476
of which Other amounts receivable: +€47,067
- Cash +€13,572
up €13,572 (+140.5%), from €9,657 to €23,229
mainly Net result for the year (+€103,292) and Debts after one year (+€50,776)
- Deferred charges and accrued income -€6,981
down €6,981 (-87.6%), from €7,969 to €988
- Reserves +€103,200
up €103,200 (+27.6%), from €373,491 to €476,691
of which Distributable reserves: +€103,200
- Debts after one year +€50,776
new in 2025: €50,776
- Current portion of long-term debt +€12,528
new in 2025: €12,528
- Trade debts +€7,740
up €7,740 (+2824.8%), from €274 to €8,014
- Gross operating margin +€14,648
up €14,648 (+11.1%), from €132,240 to €146,888
- Financial income +€6,581
up €6,581 (+169.4%), from €3,885 to €10,466
- Taxes +€4,490
up €4,490 (+12.2%), from €36,934 to €41,424
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 | €409,453 | €583,789 | +€174,336 | +42.6% |
| Fixed assets | 21/28 | €3,524 | €74,260 | +€70,736 | +2007.3% |
| Tangible fixed assets | 22/27 | €3,524 | €74,260 | +€70,736 | +2007.3% |
| Plant, machinery and equipment | 23 | - | €5,608 | +€5,608 | |
| Furniture and vehicles | 24 | €3,524 | €68,652 | +€65,128 | +1848.1% |
| Current assets | 29/58 | €405,929 | €509,529 | +€103,600 | +25.5% |
| Amounts receivable within one year | 40/41 | €35,281 | €82,476 | +€47,195 | +133.8% |
| Trade receivables | 40 | €20,919 | €21,047 | +€128 | +0.6% |
| Other amounts receivable | 41 | €14,362 | €61,429 | +€47,067 | +327.7% |
| Current investments | 50/53 | €353,022 | €402,836 | +€49,814 | +14.1% |
| Cash at bank and in hand | 54/58 | €9,657 | €23,229 | +€13,572 | +140.5% |
| Deferred charges and accrued income | 490/1 | €7,969 | €988 | -€6,981 | -87.6% |
| Total equity and liabilities | 10/49 | €409,453 | €583,789 | +€174,336 | +42.6% |
| Equity | 10/15 | €393,408 | €496,700 | +€103,292 | +26.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €373,491 | €476,691 | +€103,200 | +27.6% |
| Tax-exempt reserves | 132 | €11,991 | €11,991 | = | 0.0% |
| Distributable reserves | 133 | €361,500 | €464,700 | +€103,200 | +28.5% |
| Profit (loss) carried forward | 14 | €7,517 | €7,609 | +€92 | +1.2% |
| Amounts payable | 17/49 | €16,045 | €87,089 | +€71,044 | +442.8% |
| Amounts payable after more than one year | 17 | - | €50,776 | +€50,776 | |
| Financial debts | 170/4 | - | €50,776 | +€50,776 | |
| Amounts payable within one year | 42/48 | €16,045 | €35,113 | +€19,068 | +118.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,528 | +€12,528 | |
| Financial debts | 43 | €1,412 | €1,712 | +€300 | +21.2% |
| Credit institutions | 430/8 | €1,412 | €1,712 | +€300 | +21.2% |
| Trade debts | 44 | €274 | €8,014 | +€7,740 | +2824.8% |
| Suppliers | 440/4 | €274 | €8,014 | +€7,740 | +2824.8% |
| Taxes, remuneration and social security | 45 | €14,359 | €12,859 | -€1,500 | -10.4% |
| Taxes | 450/3 | €14,359 | €12,859 | -€1,500 | -10.4% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Non-recurring operating income | 76A | - | €13,413 | +€13,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,883 | €9,616 | +€733 | +8.3% |
| Other operating charges | 640/8 | €959 | €1,057 | +€98 | +10.2% |
| Gross operating margin | 9900 | €132,240 | €146,888 | +€14,648 | +11.1% |
| Operating profit (loss) | 9901 | €122,398 | €136,215 | +€13,817 | +11.3% |
| Financial income | 75/76B | €3,885 | €10,466 | +€6,581 | +169.4% |
| Recurring financial income | 75 | €3,885 | €10,466 | +€6,581 | +169.4% |
| Financial charges | 65/66B | €820 | €1,965 | +€1,145 | +139.6% |
| Recurring financial charges | 65 | €820 | €1,965 | +€1,145 | +139.6% |
| Profit (loss) for the period before taxes | 9903 | €125,463 | €144,716 | +€19,253 | +15.3% |
| Income taxes | 67/77 | €36,934 | €41,424 | +€4,490 | +12.2% |
| Profit (loss) for the period | 9904 | €88,529 | €103,292 | +€14,763 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,529 | €103,292 | +€14,763 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.