SERENTICE: 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.
SERENTICE
Largest movements
- Receivables within one year +€4,577
up €4,577 (+10.4%), from €44,100 to €48,677
of which Other amounts receivable: +€10,640
- Tangible fixed assets +€1,108
up €1,108 (+61.6%), from €1,798 to €2,906
- Deferred charges and accrued income +€777
up €777 (+2111.8%), from €37 to €814
- Tax, wage and social debts +€12,653
up €12,653 (+74.6%), from €16,962 to €29,615
of which Taxes: +€15,961
- Short-term financial debts -€10,515
down €10,515 (-100.0%), from €10,515 to €0
- Trade debts +€4,463
up €4,463 (+46.2%), from €9,670 to €14,132
- Staff costs +€2,652
up €2,652 (+7.0%), from €38,061 to €40,713
- Gross operating margin -€995
down €995 (-2.2%), from €45,006 to €44,010
- Financial charges +€876
up €876 (+116.7%), from €751 to €1,627
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 | €45,935 | €52,405 | +€6,470 | +14.1% |
| Fixed assets | 21/28 | €1,798 | €2,906 | +€1,108 | +61.6% |
| Tangible fixed assets | 22/27 | €1,798 | €2,906 | +€1,108 | +61.6% |
| Furniture and vehicles | 24 | €1,798 | €2,906 | +€1,108 | +61.6% |
| Current assets | 29/58 | €44,137 | €49,499 | +€5,362 | +12.1% |
| Amounts receivable within one year | 40/41 | €44,100 | €48,677 | +€4,577 | +10.4% |
| Trade receivables | 40 | €13,416 | €7,354 | -€6,063 | -45.2% |
| Other amounts receivable | 41 | €30,684 | €41,323 | +€10,640 | +34.7% |
| Cash at bank and in hand | 54/58 | €0 | €8 | +€8 | |
| Deferred charges and accrued income | 490/1 | €37 | €814 | +€777 | +2111.8% |
| Total equity and liabilities | 10/49 | €45,935 | €52,405 | +€6,470 | +14.1% |
| Equity | 10/15 | €8,789 | €8,657 | -€131 | -1.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €6,509 | €6,509 | = | 0.0% |
| Distributable reserves | 133 | €6,509 | €6,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,721 | -€4,852 | -€131 | -2.8% |
| Amounts payable | 17/49 | €37,146 | €43,747 | +€6,601 | +17.8% |
| Amounts payable within one year | 42/48 | €37,146 | €43,747 | +€6,601 | +17.8% |
| Financial debts | 43 | €10,515 | €0 | -€10,515 | -100.0% |
| Credit institutions | 430/8 | €10,515 | €0 | -€10,515 | -100.0% |
| Trade debts | 44 | €9,670 | €14,132 | +€4,463 | +46.2% |
| Suppliers | 440/4 | €9,670 | €14,132 | +€4,463 | +46.2% |
| Taxes, remuneration and social security | 45 | €16,962 | €29,615 | +€12,653 | +74.6% |
| Taxes | 450/3 | €8,282 | €24,243 | +€15,961 | +192.7% |
| Remuneration and social security | 454/9 | €8,680 | €5,372 | -€3,308 | -38.1% |
| Remuneration, social security and pensions | 62 | €38,061 | €40,713 | +€2,652 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €615 | -€316 | -34.0% |
| Other operating charges | 640/8 | €1,087 | €1,186 | +€99 | +9.1% |
| Gross operating margin | 9900 | €45,006 | €44,010 | -€995 | -2.2% |
| Operating profit (loss) | 9901 | €4,926 | €1,496 | -€3,430 | -69.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €751 | €1,627 | +€876 | +116.7% |
| Recurring financial charges | 65 | €751 | €1,627 | +€876 | +116.7% |
| Profit (loss) for the period before taxes | 9903 | €4,176 | -€131 | -€4,307 | |
| Income taxes | 67/77 | €353 | €0 | -€353 | -100.0% |
| Profit (loss) for the period | 9904 | €3,823 | -€131 | -€3,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,823 | -€131 | -€3,954 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.