SERENOS: 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.
SERENOS
Largest movements
- Financial fixed assets +€2.6m
new in 2025: €2.6m
- Debts after one year +€2.4m
new in 2025: €2.4m
- Other debts +€202,686
new in 2025: €202,686
- Profit (loss) carried forward -€71,206
down €71,206 (-2131.2%), from -€3,341 to -€74,547
- Accrued charges and deferred income +€69,776
new in 2025: €69,776
- Financial charges +€69,856
up €69,856 (+418049.0%), from €17 to €69,873
- Gross operating margin +€1,991
up €1,991 (+59.9%), from -€3,324 to -€1,333
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 | €1,837 | €2,600,460 | +€2.6m | +141478.7% |
| Fixed assets | 21/28 | - | €2,600,000 | +€2.6m | |
| Financial fixed assets | 28 | - | €2,600,000 | +€2.6m | |
| Current assets | 29/58 | €1,837 | €460 | -€1,377 | -75.0% |
| Cash at bank and in hand | 54/58 | €1,837 | €460 | -€1,377 | -75.0% |
| Total equity and liabilities | 10/49 | €1,837 | €2,600,460 | +€2.6m | +141478.7% |
| Equity | 10/15 | €1,659 | -€69,547 | -€71,206 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,341 | -€74,547 | -€71,206 | -2131.2% |
| Amounts payable | 17/49 | €178 | €2,670,007 | +€2.7m | +1500409.8% |
| Amounts payable after more than one year | 17 | - | €2,397,314 | +€2.4m | |
| Other amounts payable | 178/9 | - | €2,397,314 | +€2.4m | |
| Amounts payable within one year | 42/48 | €178 | €202,918 | +€202,740 | +113937.3% |
| Trade debts | 44 | €178 | €231 | +€54 | +30.1% |
| Suppliers | 440/4 | €178 | €231 | +€54 | +30.1% |
| Other amounts payable | 47/48 | - | €202,686 | +€202,686 | |
| Accrued charges and deferred income | 492/3 | - | €69,776 | +€69,776 | |
| Gross operating margin | 9900 | -€3,324 | -€1,333 | +€1,991 | +59.9% |
| Operating profit (loss) | 9901 | -€3,324 | -€1,333 | +€1,991 | +59.9% |
| Financial charges | 65/66B | €17 | €69,873 | +€69,856 | +418049.0% |
| Recurring financial charges | 65 | €17 | €69,873 | +€69,856 | +418049.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,341 | -€71,206 | -€67,865 | -2031.2% |
| Profit (loss) for the period | 9904 | -€3,341 | -€71,206 | -€67,865 | -2031.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,341 | -€71,206 | -€67,865 | -2031.2% |
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.