Sereno Property Management: what changed
Sereno Property Management
Largest movements
- Cash +€40,928
up €40,928 (+115%), from €35,530 to €76,459
mainly Net result for the year (+€51,483) and Trade debts (+€1,812)
- Receivables within one year +€4,090
up €4,090 (+132%), from €3,103 to €7,193
of which Trade receivables: +€2,156
- Tangible fixed assets +€1,589
up €1,589 (+31.9%), from €4,988 to €6,577
of which Furniture and vehicles: +€1,940
- Reserves +€47,900
up €47,900 (+183%), from €26,140 to €74,040
- Tax, wage and social debts -€2,364
down €2,364 (-32.2%), from €7,334 to €4,970
of which Taxes: -€1,914
- Trade debts +€1,812
up €1,812 (+129%), from €1,407 to €3,219
- Other debts -€1,451
down €1,451 (-29.0%), from €5,007 to €3,556
- Gross operating margin +€35,297
up €35,297 (+58.6%), from €60,217 to €95,514
- Taxes +€5,569
up €5,569 (+76.0%), from €7,332 to €12,902
- Staff costs +€4,938
up €4,938 (+25.6%), from €19,272 to €24,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,888 | €91,017 | +€46,129 | +103% |
| Formation expenses | 20 | €313 | €0 | -€313 | -100% |
| Fixed assets | 21/28 | €4,988 | €6,577 | +€1,589 | +31.9% |
| Tangible fixed assets | 22/27 | €4,988 | €6,577 | +€1,589 | +31.9% |
| Furniture and vehicles | 24 | €1,731 | €3,671 | +€1,940 | +112% |
| Other tangible fixed assets | 26 | €3,257 | €2,906 | -€351 | -10.8% |
| Current assets | 29/58 | €39,588 | €84,440 | +€44,852 | +113% |
| Amounts receivable within one year | 40/41 | €3,103 | €7,193 | +€4,090 | +132% |
| Trade receivables | 40 | €3,103 | €5,259 | +€2,156 | +69.5% |
| Other amounts receivable | 41 | €0 | €1,934 | +€1,934 | +6,447,300% |
| Cash at bank and in hand | 54/58 | €35,530 | €76,459 | +€40,928 | +115% |
| Deferred charges and accrued income | 490/1 | €955 | €788 | -€167 | -17.5% |
| Total equity and liabilities | 10/49 | €44,888 | €91,017 | +€46,129 | +103% |
| Equity | 10/15 | €31,140 | €79,090 | +€47,950 | +154% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,140 | €74,040 | +€47,900 | +183% |
| Distributable reserves | 133 | €26,140 | €74,040 | +€47,900 | +183% |
| Profit (loss) carried forward | 14 | €0 | €50 | +€50 | |
| Amounts payable | 17/49 | €13,748 | €11,927 | -€1,821 | -13.2% |
| Amounts payable within one year | 42/48 | €13,748 | €11,746 | -€2,002 | -14.6% |
| Trade debts | 44 | €1,407 | €3,219 | +€1,812 | +129% |
| Suppliers | 440/4 | €1,407 | €3,219 | +€1,812 | +129% |
| Taxes, remuneration and social security | 45 | €7,334 | €4,970 | -€2,364 | -32.2% |
| Taxes | 450/3 | €4,922 | €3,008 | -€1,914 | -38.9% |
| Remuneration and social security | 454/9 | €2,412 | €1,962 | -€450 | -18.6% |
| Other amounts payable | 47/48 | €5,007 | €3,556 | -€1,451 | -29.0% |
| Accrued charges and deferred income | 492/3 | - | €181 | +€181 | |
| Remuneration, social security and pensions | 62 | €19,272 | €24,210 | +€4,938 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,727 | €1,752 | +€25 | +1.4% |
| Other operating charges | 640/8 | €4,162 | €4,734 | +€571 | +13.7% |
| Gross operating margin | 9900 | €60,217 | €95,514 | +€35,297 | +58.6% |
| Operating profit (loss) | 9901 | €35,056 | €64,818 | +€29,762 | +84.9% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.9% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.9% |
| Financial charges | 65/66B | €742 | €434 | -€308 | -41.6% |
| Recurring financial charges | 65 | €742 | €434 | -€308 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €34,332 | €64,384 | +€30,053 | +87.5% |
| Income taxes | 67/77 | €7,332 | €12,902 | +€5,569 | +76.0% |
| Profit (loss) for the period | 9904 | €26,999 | €51,483 | +€24,483 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,999 | €51,483 | +€24,483 | +90.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.