Serenti: 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.
Serenti
Largest movements
- Cash -€9,991
down €9,991 (-93.2%), from €10,715 to €725
mainly Net result for the year (-€19,283) and Receivables within one year (-€6,506)
- Receivables within one year +€6,506
up €6,506 (+47.0%), from €13,856 to €20,361
of which Trade receivables: +€9,754
- Stocks and contracts +€2,579
up €2,579 (+14.3%), from €18,073 to €20,652
- Tangible fixed assets +€2,010
up €2,010 (+53.6%), from €3,750 to €5,760
of which Plant, machinery and equipment: +€2,483
- Other debts +€20,764
up €20,764 (+69.0%), from €30,113 to €50,877
- Profit (loss) carried forward -€19,283
down €19,283 (-17.2%), from -€112,020 to -€131,303
- Financial income -€8,509
down €8,509 (-98.8%), from €8,616 to €107
- Gross operating margin +€3,640
up €3,640 (+20.3%), from -€17,938 to -€14,298
- Other operating charges -€2,034
down €2,034 (-82.5%), from €2,466 to €432
- Financial charges +€1,927
up €1,927 (+1,102%), from €175 to €2,102
- Write-downs +€1,200
new in 2025: €1,200
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 | €46,710 | €48,136 | +€1,426 | +3.1% |
| Fixed assets | 21/28 | €3,750 | €5,760 | +€2,010 | +53.6% |
| Tangible fixed assets | 22/27 | €3,750 | €5,760 | +€2,010 | +53.6% |
| Land and buildings | 22 | €806 | €333 | -€473 | -58.7% |
| Plant, machinery and equipment | 23 | €2,944 | €5,428 | +€2,483 | +84.3% |
| Current assets | 29/58 | €42,960 | €42,376 | -€584 | -1.4% |
| Stocks and contracts in progress | 3 | €18,073 | €20,652 | +€2,579 | +14.3% |
| Stocks | 30/36 | €18,073 | €20,652 | +€2,579 | +14.3% |
| Amounts receivable within one year | 40/41 | €13,856 | €20,361 | +€6,506 | +47.0% |
| Trade receivables | 40 | €6,927 | €16,681 | +€9,754 | +141% |
| Other amounts receivable | 41 | €6,929 | €3,681 | -€3,248 | -46.9% |
| Cash at bank and in hand | 54/58 | €10,715 | €725 | -€9,991 | -93.2% |
| Deferred charges and accrued income | 490/1 | €316 | €638 | +€322 | +102% |
| Total equity and liabilities | 10/49 | €46,710 | €48,136 | +€1,426 | +3.1% |
| Equity | 10/15 | €8,307 | -€10,976 | -€19,283 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €95,327 | €95,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,750 | €13,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,750 | €13,750 | = | 0.0% |
| Distributable reserves | 133 | €81,577 | €81,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,020 | -€131,303 | -€19,283 | -17.2% |
| Amounts payable | 17/49 | €38,403 | €59,112 | +€20,708 | +53.9% |
| Amounts payable within one year | 42/48 | €38,403 | €59,112 | +€20,708 | +53.9% |
| Trade debts | 44 | €4,636 | €4,250 | -€386 | -8.3% |
| Suppliers | 440/4 | €4,636 | €4,250 | -€386 | -8.3% |
| Taxes, remuneration and social security | 45 | €3,654 | €3,985 | +€331 | +9.0% |
| Taxes | 450/3 | €3,654 | €3,985 | +€331 | +9.0% |
| Other amounts payable | 47/48 | €30,113 | €50,877 | +€20,764 | +69.0% |
| Non-recurring operating income | 76A | €3,250 | - | -€3,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €1,358 | +€286 | +26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,200 | +€1,200 | |
| Other operating charges | 640/8 | €2,466 | €432 | -€2,034 | -82.5% |
| Gross operating margin | 9900 | -€17,938 | -€14,298 | +€3,640 | +20.3% |
| Operating profit (loss) | 9901 | -€21,475 | -€17,288 | +€4,188 | +19.5% |
| Financial income | 75/76B | €8,616 | €107 | -€8,509 | -98.8% |
| Recurring financial income | 75 | €8,616 | €107 | -€8,509 | -98.8% |
| Financial charges | 65/66B | €175 | €2,102 | +€1,927 | +1,102% |
| Recurring financial charges | 65 | €175 | €2,102 | +€1,927 | +1,102% |
| Profit (loss) for the period before taxes | 9903 | -€13,034 | -€19,283 | -€6,248 | -47.9% |
| Profit (loss) for the period | 9904 | -€13,034 | -€19,283 | -€6,248 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,034 | -€19,283 | -€6,248 | -47.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.