SERFIMO: 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.
SERFIMO
Largest movements
- Cash +€4,711
up €4,711 (+180.3%), from €2,613 to €7,323
mainly Net result for the year (+€3,145) and Other debts (+€899)
- Tangible fixed assets -€596
down €596 (-5.7%), from €10,432 to €9,836
- Profit (loss) carried forward +€3,145
up €3,145 (+1214.4%), from €259 to €3,404
- Other debts +€899
up €899 (+2206.3%), from €41 to €940
- Gross operating margin +€919
up €919 (+20.1%), from €4,566 to €5,485
- Depreciation -€270
down €270 (-31.2%), from €866 to €596
- Other operating charges +€249
up €249 (+17.5%), from €1,424 to €1,673
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 | €19,644 | €23,759 | +€4,115 | +20.9% |
| Fixed assets | 21/28 | €10,432 | €9,836 | -€596 | -5.7% |
| Tangible fixed assets | 22/27 | €10,432 | €9,836 | -€596 | -5.7% |
| Land and buildings | 22 | €10,432 | €9,836 | -€596 | -5.7% |
| Current assets | 29/58 | €9,213 | €13,923 | +€4,711 | +51.1% |
| Amounts receivable within one year | 40/41 | €6,600 | €6,600 | = | 0.0% |
| Other amounts receivable | 41 | €6,600 | €6,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,613 | €7,323 | +€4,711 | +180.3% |
| Total equity and liabilities | 10/49 | €19,644 | €23,759 | +€4,115 | +20.9% |
| Equity | 10/15 | €19,445 | €22,590 | +€3,145 | +16.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €636 | €636 | = | 0.0% |
| Tax-exempt reserves | 132 | €636 | €636 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259 | €3,404 | +€3,145 | +1214.4% |
| Amounts payable | 17/49 | €200 | €1,169 | +€969 | +485.3% |
| Amounts payable within one year | 42/48 | €200 | €1,169 | +€969 | +485.3% |
| Trade debts | 44 | €159 | €229 | +€70 | +44.0% |
| Suppliers | 440/4 | €159 | €229 | +€70 | +44.0% |
| Taxes, remuneration and social security | 45 | - | €0 | +€0 | |
| Taxes | 450/3 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | €41 | €940 | +€899 | +2206.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €866 | €596 | -€270 | -31.2% |
| Other operating charges | 640/8 | €1,424 | €1,673 | +€249 | +17.5% |
| Gross operating margin | 9900 | €4,566 | €5,485 | +€919 | +20.1% |
| Operating profit (loss) | 9901 | €2,276 | €3,216 | +€940 | +41.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €63 | €71 | +€8 | +12.0% |
| Recurring financial charges | 65 | €63 | €71 | +€8 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €2,213 | €3,146 | +€933 | +42.2% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €2,213 | €3,145 | +€933 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,213 | €3,145 | +€933 | +42.2% |
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 7 October 2026 via checked.be.