Serge.P Handling: 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.P Handling
Largest movements
- Deferred charges and accrued income +€33,932
up €33,932 (+2,817%), from €1,205 to €35,136
- Current investments -€20,000
down €20,000 (-100%), from €20,000 to €0
- Tangible fixed assets +€4,922
up €4,922 (+37.8%), from €13,032 to €17,954
of which Furniture and vehicles: +€4,515
- Receivables within one year -€2,501
down €2,501 (-22.8%), from €10,966 to €8,465
of which Trade receivables: -€2,501
- Cash -€995
down €995 (-2.7%), from €36,760 to €35,766
mainly Deferred charges and accrued income (-€33,932) and Investment in fixed assets (net) (-€10,546)
- Reserves +€14,822
up €14,822 (+21.8%), from €67,867 to €82,689
- Trade debts +€1,834
up €1,834, from €0 to €1,834
- Other debts -€1,322
down €1,322 (-66.6%), from €1,985 to €663
- Gross operating margin -€5,854
down €5,854 (-18.7%), from €31,252 to €25,397
- Depreciation +€3,448
up €3,448 (+158%), from €2,177 to €5,624
- Financial income +€1,800
up €1,800 (+136%), from €1,320 to €3,120
- Taxes -€605
down €605 (-8.1%), from €7,449 to €6,844
- Other operating charges +€460
up €460 (+71.7%), from €642 to €1,102
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 | €81,963 | €97,321 | +€15,358 | +18.7% |
| Fixed assets | 21/28 | €13,032 | €17,954 | +€4,922 | +37.8% |
| Tangible fixed assets | 22/27 | €13,032 | €17,954 | +€4,922 | +37.8% |
| Furniture and vehicles | 24 | €6,443 | €10,958 | +€4,515 | +70.1% |
| Other tangible fixed assets | 26 | €6,589 | €6,995 | +€407 | +6.2% |
| Current assets | 29/58 | €68,931 | €79,367 | +€10,436 | +15.1% |
| Amounts receivable within one year | 40/41 | €10,966 | €8,465 | -€2,501 | -22.8% |
| Trade receivables | 40 | €10,966 | €8,465 | -€2,501 | -22.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100% |
| Cash at bank and in hand | 54/58 | €36,760 | €35,766 | -€995 | -2.7% |
| Deferred charges and accrued income | 490/1 | €1,205 | €35,136 | +€33,932 | +2,817% |
| Total equity and liabilities | 10/49 | €81,963 | €97,321 | +€15,358 | +18.7% |
| Equity | 10/15 | €70,867 | €85,689 | +€14,822 | +20.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,867 | €82,689 | +€14,822 | +21.8% |
| Distributable reserves | 133 | €67,867 | €82,689 | +€14,822 | +21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,096 | €11,632 | +€536 | +4.8% |
| Amounts payable within one year | 42/48 | €11,096 | €11,632 | +€536 | +4.8% |
| Trade debts | 44 | €0 | €1,834 | +€1,834 | |
| Suppliers | 440/4 | €0 | €1,834 | +€1,834 | |
| Taxes, remuneration and social security | 45 | €9,111 | €9,134 | +€23 | +0.3% |
| Taxes | 450/3 | €9,111 | €9,134 | +€23 | +0.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,985 | €663 | -€1,322 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,177 | €5,624 | +€3,448 | +158% |
| Other operating charges | 640/8 | €642 | €1,102 | +€460 | +71.7% |
| Gross operating margin | 9900 | €31,252 | €25,397 | -€5,854 | -18.7% |
| Operating profit (loss) | 9901 | €28,433 | €18,671 | -€9,762 | -34.3% |
| Financial income | 75/76B | €1,320 | €3,120 | +€1,800 | +136% |
| Recurring financial income | 75 | €1,320 | €3,120 | +€1,800 | +136% |
| Financial charges | 65/66B | €238 | €125 | -€114 | -47.7% |
| Recurring financial charges | 65 | €238 | €125 | -€114 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €29,515 | €21,666 | -€7,849 | -26.6% |
| Income taxes | 67/77 | €7,449 | €6,844 | -€605 | -8.1% |
| Profit (loss) for the period | 9904 | €22,066 | €14,822 | -€7,244 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,066 | €14,822 | -€7,244 | -32.8% |
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.