SERGE CARRELAGES: 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.
SERGE CARRELAGES
Largest movements
- Cash +€19,597
up €19,597 (+20.4%), from €96,181 to €115,777
mainly Other debts (+€8,955) and Depreciation (+€7,052)
- Tangible fixed assets -€7,052
down €7,052 (-61.6%), from €11,447 to €4,395
of which Plant, machinery and equipment: -€6,373
- Other debts +€8,955
up €8,955 (+25.3%), from €35,365 to €44,320
- Reserves +€5,100
up €5,100 (+7.7%), from €66,360 to €71,460
of which Distributable reserves: +€5,100
- Trade debts -€2,482
down €2,482 (-54.2%), from €4,583 to €2,101
- Depreciation -€1,961
down €1,961 (-21.8%), from €9,013 to €7,052
- Gross operating margin -€1,262
down €1,262 (-5.9%), from €21,485 to €20,222
- Other operating charges -€1,138
down €1,138 (-63.0%), from €1,807 to €669
- Taxes +€534
up €534 (+23.8%), from €2,249 to €2,783
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 | €117,209 | €130,370 | +€13,161 | +11.2% |
| Fixed assets | 21/28 | €11,657 | €4,605 | -€7,052 | -60.5% |
| Tangible fixed assets | 22/27 | €11,447 | €4,395 | -€7,052 | -61.6% |
| Plant, machinery and equipment | 23 | €10,769 | €4,395 | -€6,373 | -59.2% |
| Other tangible fixed assets | 26 | €678 | - | -€678 | |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €105,552 | €125,765 | +€20,213 | +19.2% |
| Stocks and contracts in progress | 3 | €1,490 | €1,370 | -€120 | -8.1% |
| Stocks | 30/36 | €1,490 | €1,370 | -€120 | -8.1% |
| Amounts receivable within one year | 40/41 | €7,364 | €7,984 | +€620 | +8.4% |
| Trade receivables | 40 | €1,069 | €6,275 | +€5,206 | +487% |
| Other amounts receivable | 41 | €6,295 | €1,709 | -€4,586 | -72.8% |
| Cash at bank and in hand | 54/58 | €96,181 | €115,777 | +€19,597 | +20.4% |
| Deferred charges and accrued income | 490/1 | €518 | €635 | +€117 | +22.5% |
| Total equity and liabilities | 10/49 | €117,209 | €130,370 | +€13,161 | +11.2% |
| Equity | 10/15 | €74,421 | €80,069 | +€5,648 | +7.6% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €66,360 | €71,460 | +€5,100 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,500 | €69,600 | +€5,100 | +7.9% |
| Profit (loss) carried forward | 14 | -€539 | €9 | +€548 | |
| Amounts payable | 17/49 | €42,788 | €50,301 | +€7,513 | +17.6% |
| Amounts payable within one year | 42/48 | €40,248 | €47,501 | +€7,253 | +18.0% |
| Trade debts | 44 | €4,583 | €2,101 | -€2,482 | -54.2% |
| Suppliers | 440/4 | €4,583 | €2,101 | -€2,482 | -54.2% |
| Taxes, remuneration and social security | 45 | €300 | €1,080 | +€780 | +260% |
| Taxes | 450/3 | €300 | €1,080 | +€780 | +260% |
| Other amounts payable | 47/48 | €35,365 | €44,320 | +€8,955 | +25.3% |
| Accrued charges and deferred income | 492/3 | €2,540 | €2,800 | +€260 | +10.2% |
| Remuneration, social security and pensions | 62 | €1,338 | €1,127 | -€211 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,013 | €7,052 | -€1,961 | -21.8% |
| Other operating charges | 640/8 | €1,807 | €669 | -€1,138 | -63.0% |
| Gross operating margin | 9900 | €21,485 | €20,222 | -€1,262 | -5.9% |
| Operating profit (loss) | 9901 | €9,326 | €11,374 | +€2,048 | +22.0% |
| Financial income | 75/76B | €198 | - | -€198 | |
| Recurring financial income | 75 | €198 | - | -€198 | |
| Financial charges | 65/66B | €2,764 | €2,943 | +€180 | +6.5% |
| Recurring financial charges | 65 | €2,764 | €2,943 | +€180 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €6,761 | €8,431 | +€1,670 | +24.7% |
| Income taxes | 67/77 | €2,249 | €2,783 | +€534 | +23.8% |
| Profit (loss) for the period | 9904 | €4,512 | €5,648 | +€1,136 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,512 | €5,648 | +€1,136 | +25.2% |
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 29 October 2026 via checked.be.