SERENITY STABLES: 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 STABLES
Largest movements
- Cash -€10,553
down €10,553 (-19.0%), from €55,635 to €45,082
mainly Receivables within one year (-€7,323) and Other debts (-€5,342)
- Receivables within one year +€7,323
up €7,323 (+91.5%), from €8,006 to €15,328
- Trade debts +€6,453
up €6,453 (+2,572%), from €251 to €6,704
- Other debts -€5,342
down €5,342 (-2.6%), from €202,876 to €197,533
- Depreciation -€22,909
down €22,909 (-100%), from €22,909 to €0
- Gross operating margin -€17,877
down €17,877 (-59.1%), from €30,239 to €12,362
- Staff costs +€8,340
up €8,340 (+442%), from €1,885 to €10,224
- Taxes -€656
down €656 (-46.6%), from €1,408 to €751
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 | €246,481 | €245,990 | -€492 | -0.2% |
| Fixed assets | 21/28 | €88,840 | €89,579 | +€738 | +0.8% |
| Tangible fixed assets | 22/27 | €88,840 | €89,579 | +€738 | +0.8% |
| Land and buildings | 22 | €47,942 | €47,942 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,959 | €16,959 | = | 0.0% |
| Furniture and vehicles | 24 | €23,939 | €24,678 | +€738 | +3.1% |
| Current assets | 29/58 | €157,641 | €156,411 | -€1,230 | -0.8% |
| Stocks and contracts in progress | 3 | €94,000 | €96,000 | +€2,000 | +2.1% |
| Stocks | 30/36 | €94,000 | €96,000 | +€2,000 | +2.1% |
| Amounts receivable within one year | 40/41 | €8,006 | €15,328 | +€7,323 | +91.5% |
| Trade receivables | 40 | €8,006 | €15,328 | +€7,323 | +91.5% |
| Cash at bank and in hand | 54/58 | €55,635 | €45,082 | -€10,553 | -19.0% |
| Total equity and liabilities | 10/49 | €246,481 | €245,990 | -€492 | -0.2% |
| Equity | 10/15 | €37,580 | €37,369 | -€211 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,834 | €17,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,974 | €15,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,146 | €935 | -€211 | -18.4% |
| Amounts payable | 17/49 | €208,901 | €208,621 | -€280 | -0.1% |
| Amounts payable within one year | 42/48 | €208,901 | €208,621 | -€280 | -0.1% |
| Trade debts | 44 | €251 | €6,704 | +€6,453 | +2,572% |
| Suppliers | 440/4 | €251 | €6,704 | +€6,453 | +2,572% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,775 | €4,384 | -€1,391 | -24.1% |
| Taxes | 450/3 | €5,352 | €3,349 | -€2,003 | -37.4% |
| Remuneration and social security | 454/9 | €423 | €1,035 | +€612 | +145% |
| Other amounts payable | 47/48 | €202,876 | €197,533 | -€5,342 | -2.6% |
| Remuneration, social security and pensions | 62 | €1,885 | €10,224 | +€8,340 | +442% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,909 | €0 | -€22,909 | -100% |
| Other operating charges | 640/8 | €1,621 | €1,484 | -€138 | -8.5% |
| Gross operating margin | 9900 | €30,239 | €12,362 | -€17,877 | -59.1% |
| Operating profit (loss) | 9901 | €3,824 | €654 | -€3,170 | -82.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €66 | €114 | +€48 | +73.1% |
| Recurring financial charges | 65 | €66 | €114 | +€48 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €3,758 | €540 | -€3,218 | -85.6% |
| Income taxes | 67/77 | €1,408 | €751 | -€656 | -46.6% |
| Profit (loss) for the period | 9904 | €2,350 | -€211 | -€2,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,350 | -€211 | -€2,561 |
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 19 October 2026 via checked.be.