SERENIX: 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.
SERENIX
Largest movements
- Cash +€14,478
up €14,478 (+23.6%), from €61,325 to €75,803
mainly Net result for the year (+€17,554) and Trade debts (+€910)
- Stocks and contracts +€1,991
new in 2025: €1,991
- Deferred charges and accrued income +€1,128
up €1,128 (+1151.0%), from €98 to €1,226
- Reserves +€17,554
up €17,554 (+175.7%), from €9,993 to €27,547
- Trade debts +€910
up €910 (+590.9%), from €154 to €1,064
- Tax, wage and social debts -€890
down €890 (-4.0%), from €22,379 to €21,489
of which Remuneration and social security: -€5,000
- Gross operating margin +€8,777
up €8,777 (+40.4%), from €21,731 to €30,508
- Taxes +€5,060
up €5,060 (+80.0%), from €6,328 to €11,388
- Depreciation -€2,785
no longer reported in 2025 (was €2,785)
- Other operating charges -€900
down €900 (-36.4%), from €2,471 to €1,571
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 | €67,995 | €85,414 | +€17,419 | +25.6% |
| Fixed assets | 21/28 | €70 | €98 | +€28 | +40.0% |
| Tangible fixed assets | 22/27 | €70 | - | -€70 | |
| Furniture and vehicles | 24 | €70 | - | -€70 | |
| Financial fixed assets | 28 | - | €98 | +€98 | |
| Current assets | 29/58 | €67,925 | €85,316 | +€17,391 | +25.6% |
| Stocks and contracts in progress | 3 | - | €1,991 | +€1,991 | |
| Stocks | 30/36 | - | €1,991 | +€1,991 | |
| Amounts receivable within one year | 40/41 | €6,502 | €6,296 | -€206 | -3.2% |
| Trade receivables | 40 | €6,502 | €5,950 | -€552 | -8.5% |
| Other amounts receivable | 41 | - | €346 | +€346 | |
| Cash at bank and in hand | 54/58 | €61,325 | €75,803 | +€14,478 | +23.6% |
| Deferred charges and accrued income | 490/1 | €98 | €1,226 | +€1,128 | +1151.0% |
| Total equity and liabilities | 10/49 | €67,995 | €85,414 | +€17,419 | +25.6% |
| Equity | 10/15 | €45,307 | €62,861 | +€17,554 | +38.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,993 | €27,547 | +€17,554 | +175.7% |
| Distributable reserves | 133 | €9,993 | €27,547 | +€17,554 | +175.7% |
| Profit (loss) carried forward | 14 | €25,314 | €25,314 | = | 0.0% |
| Amounts payable | 17/49 | €22,688 | €22,553 | -€135 | -0.6% |
| Amounts payable within one year | 42/48 | €22,688 | €22,553 | -€135 | -0.6% |
| Trade debts | 44 | €154 | €1,064 | +€910 | +590.9% |
| Suppliers | 440/4 | €154 | €1,064 | +€910 | +590.9% |
| Taxes, remuneration and social security | 45 | €22,379 | €21,489 | -€890 | -4.0% |
| Taxes | 450/3 | €16,379 | €20,489 | +€4,110 | +25.1% |
| Remuneration and social security | 454/9 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Other amounts payable | 47/48 | €155 | - | -€155 | |
| Non-recurring operating income | 76A | €646 | €3,099 | +€2,453 | +379.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,785 | - | -€2,785 | |
| Other operating charges | 640/8 | €2,471 | €1,571 | -€900 | -36.4% |
| Gross operating margin | 9900 | €21,731 | €30,508 | +€8,777 | +40.4% |
| Operating profit (loss) | 9901 | €16,475 | €28,937 | +€12,462 | +75.6% |
| Financial income | 75/76B | - | €198 | +€198 | |
| Recurring financial income | 75 | - | €198 | +€198 | |
| Financial charges | 65/66B | €154 | €193 | +€39 | +25.3% |
| Recurring financial charges | 65 | €154 | €193 | +€39 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €16,321 | €28,942 | +€12,621 | +77.3% |
| Income taxes | 67/77 | €6,328 | €11,388 | +€5,060 | +80.0% |
| Profit (loss) for the period | 9904 | €9,993 | €17,554 | +€7,561 | +75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,993 | €17,554 | +€7,561 | +75.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.