SERGE POWER: 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 POWER
Largest movements
- Cash +€56,087
up €56,087 (+3,650%), from €1,537 to €57,624
mainly Receivables within one year (+€35,514) and Net result for the year (+€30,926)
- Receivables within one year -€35,514
down €35,514 (-67.3%), from €52,752 to €17,238
of which Trade receivables: -€32,533
- Deferred charges and accrued income -€3,470
down €3,470 (-39.6%), from €8,774 to €5,303
- Stocks and contracts -€1,927
down €1,927 (-100%), from €1,927 to €0
- Tangible fixed assets +€1,032
up €1,032 (+16.7%), from €6,166 to €7,198
of which Plant, machinery and equipment: +€567
- Profit (loss) carried forward +€30,179
up €30,179, from -€30,179 to €0
- Trade debts -€22,410
down €22,410 (-76.5%), from €29,286 to €6,876
- Tax, wage and social debts +€5,988
up €5,988 (+49.8%), from €12,013 to €18,001
of which Remuneration and social security: +€3,089
- Other debts +€2,832
new in 2024: €2,832
- Short-term financial debts -€1,047
down €1,047 (-100%), from €1,047 to €0
- Gross operating margin +€61,321
up €61,321 (+1,366%), from €4,489 to €65,810
- Staff costs +€24,873
new in 2024: €24,873
- Taxes -€2,247
down €2,247 (-81.9%), from €2,743 to €496
- Financial charges -€734
down €734 (-37.5%), from €1,959 to €1,225
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,176 | €89,384 | +€16,208 | +22.1% |
| Fixed assets | 21/28 | €6,166 | €7,198 | +€1,032 | +16.7% |
| Tangible fixed assets | 22/27 | €6,166 | €7,198 | +€1,032 | +16.7% |
| Plant, machinery and equipment | 23 | €2,307 | €2,874 | +€567 | +24.6% |
| Other tangible fixed assets | 26 | €3,860 | €4,325 | +€465 | +12.0% |
| Current assets | 29/58 | €67,010 | €82,185 | +€15,176 | +22.6% |
| Stocks and contracts in progress | 3 | €1,927 | €0 | -€1,927 | -100% |
| Stocks | 30/36 | €1,927 | €0 | -€1,927 | -100% |
| Amounts receivable within one year | 40/41 | €52,752 | €17,238 | -€35,514 | -67.3% |
| Trade receivables | 40 | €46,275 | €13,742 | -€32,533 | -70.3% |
| Other amounts receivable | 41 | €6,478 | €3,496 | -€2,982 | -46.0% |
| Current investments | 50/53 | €2,020 | €2,020 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,537 | €57,624 | +€56,087 | +3,650% |
| Deferred charges and accrued income | 490/1 | €8,774 | €5,303 | -€3,470 | -39.6% |
| Total equity and liabilities | 10/49 | €73,176 | €89,384 | +€16,208 | +22.1% |
| Equity | 10/15 | €30,830 | €61,674 | +€30,844 | +100% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €42,009 | €42,674 | +€665 | +1.6% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,778 | €14,778 | = | 0.0% |
| Distributable reserves | 133 | €25,331 | €25,997 | +€665 | +2.6% |
| Profit (loss) carried forward | 14 | -€30,179 | €0 | +€30,179 | |
| Amounts payable | 17/49 | €42,346 | €27,709 | -€14,636 | -34.6% |
| Amounts payable within one year | 42/48 | €42,346 | €27,709 | -€14,636 | -34.6% |
| Financial debts | 43 | €1,047 | €0 | -€1,047 | -100% |
| Credit institutions | 430/8 | €1,047 | €0 | -€1,047 | -100% |
| Trade debts | 44 | €29,286 | €6,876 | -€22,410 | -76.5% |
| Suppliers | 440/4 | €29,286 | €6,876 | -€22,410 | -76.5% |
| Taxes, remuneration and social security | 45 | €12,013 | €18,001 | +€5,988 | +49.8% |
| Taxes | 450/3 | €9,213 | €12,112 | +€2,898 | +31.5% |
| Remuneration and social security | 454/9 | €2,800 | €5,889 | +€3,089 | +110% |
| Other amounts payable | 47/48 | - | €2,832 | +€2,832 | |
| Remuneration, social security and pensions | 62 | - | €24,873 | +€24,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,141 | €3,495 | +€354 | +11.3% |
| Other operating charges | 640/8 | €4,368 | €4,818 | +€450 | +10.3% |
| Gross operating margin | 9900 | €4,489 | €65,810 | +€61,321 | +1,366% |
| Operating profit (loss) | 9901 | -€3,019 | €32,624 | +€35,644 | |
| Financial income | 75/76B | €1 | €22 | +€21 | +2,269% |
| Recurring financial income | 75 | €1 | €22 | +€21 | +2,269% |
| Financial charges | 65/66B | €1,959 | €1,225 | -€734 | -37.5% |
| Recurring financial charges | 65 | €1,959 | €1,225 | -€734 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,977 | €31,422 | +€36,399 | |
| Income taxes | 67/77 | €2,743 | €496 | -€2,247 | -81.9% |
| Profit (loss) for the period | 9904 | -€7,721 | €30,926 | +€38,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,721 | €30,926 | +€38,646 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.