Serenity MGT: 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 MGT
Largest movements
- Receivables within one year -€40,562
down €40,562 (-63.8%), from €63,581 to €23,019
of which Trade receivables: -€40,964
- Cash -€12,716
down €12,716 (-38.1%), from €33,336 to €20,620
mainly Trade debts (-€46,989) and Other debts (-€15,703)
- Tangible fixed assets -€3,538
down €3,538 (-17.4%), from €20,298 to €16,761
of which Furniture and vehicles: -€2,132
- Trade debts -€46,989
no longer reported in 2025 (was €46,989)
- Other debts -€15,703
down €15,703 (-70.8%), from €22,185 to €6,481
- Profit (loss) carried forward +€7,621
no longer reported in 2025 (was -€7,621)
- Tax, wage and social debts -€3,394
down €3,394 (-28.9%), from €11,753 to €8,360
- Reserves +€2,152
up €2,152 (+5.7%), from €37,873 to €40,025
- Gross operating margin +€21,155
up €21,155 (+2,080%), from €1,017 to €22,172
- Taxes +€4,240
up €4,240 (+779%), from €544 to €4,784
- Financial charges -€874
down €874 (-21.8%), from €4,004 to €3,130
- Depreciation +€811
up €811 (+29.7%), from €2,727 to €3,538
- Other operating charges -€511
down €511 (-39.3%), from €1,301 to €790
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 | €117,408 | €61,067 | -€56,341 | -48.0% |
| Fixed assets | 21/28 | €20,298 | €16,761 | -€3,538 | -17.4% |
| Tangible fixed assets | 22/27 | €20,298 | €16,761 | -€3,538 | -17.4% |
| Furniture and vehicles | 24 | €7,873 | €5,741 | -€2,132 | -27.1% |
| Other tangible fixed assets | 26 | €12,425 | €11,020 | -€1,405 | -11.3% |
| Current assets | 29/58 | €97,110 | €44,306 | -€52,803 | -54.4% |
| Amounts receivable within one year | 40/41 | €63,581 | €23,019 | -€40,562 | -63.8% |
| Trade receivables | 40 | €41,021 | €57 | -€40,964 | -99.9% |
| Other amounts receivable | 41 | €22,560 | €22,962 | +€401 | +1.8% |
| Cash at bank and in hand | 54/58 | €33,336 | €20,620 | -€12,716 | -38.1% |
| Deferred charges and accrued income | 490/1 | €192 | €667 | +€475 | +247% |
| Total equity and liabilities | 10/49 | €117,408 | €61,067 | -€56,341 | -48.0% |
| Equity | 10/15 | €36,452 | €46,225 | +€9,774 | +26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,873 | €40,025 | +€2,152 | +5.7% |
| Distributable reserves | 133 | €37,873 | €40,025 | +€2,152 | +5.7% |
| Profit (loss) carried forward | 14 | -€7,621 | - | +€7,621 | |
| Amounts payable | 17/49 | €80,956 | €14,841 | -€66,115 | -81.7% |
| Amounts payable within one year | 42/48 | €80,927 | €14,841 | -€66,086 | -81.7% |
| Trade debts | 44 | €46,989 | - | -€46,989 | |
| Suppliers | 440/4 | €46,989 | - | -€46,989 | |
| Taxes, remuneration and social security | 45 | €11,753 | €8,360 | -€3,394 | -28.9% |
| Taxes | 450/3 | €11,753 | €8,360 | -€3,394 | -28.9% |
| Other amounts payable | 47/48 | €22,185 | €6,481 | -€15,703 | -70.8% |
| Accrued charges and deferred income | 492/3 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727 | €3,538 | +€811 | +29.7% |
| Other operating charges | 640/8 | €1,301 | €790 | -€511 | -39.3% |
| Non-recurring operating charges | 66A | €63 | €156 | +€93 | +148% |
| Gross operating margin | 9900 | €1,017 | €22,172 | +€21,155 | +2,080% |
| Operating profit (loss) | 9901 | -€3,074 | €17,688 | +€20,762 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,004 | €3,130 | -€874 | -21.8% |
| Recurring financial charges | 65 | €4,004 | €3,130 | -€874 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,077 | €14,558 | +€21,635 | |
| Income taxes | 67/77 | €544 | €4,784 | +€4,240 | +779% |
| Profit (loss) for the period | 9904 | -€7,621 | €9,774 | +€17,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,621 | €9,774 | +€17,395 |
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 17 October 2026 via checked.be.