SERGE TAPIS: 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 TAPIS
Largest movements
- Stocks and contracts -€32,546
down €32,546 (-50.7%), from €64,164 to €31,618
- Cash +€20,253
up €20,253 (+29.5%), from €68,747 to €89,000
mainly Stocks and contracts (+€32,546) and Other debts (+€27,850)
- Tangible fixed assets -€5,346
down €5,346 (-13.0%), from €41,243 to €35,897
of which Other tangible fixed assets: -€9,872
- Deferred charges and accrued income -€4,973
down €4,973 (-24.7%), from €20,132 to €15,159
- Receivables within one year +€3,494
up €3,494 (+30.2%), from €11,551 to €15,045
of which Other amounts receivable: +€4,859
- Other debts +€27,850
up €27,850 (+11,321%), from €246 to €28,096
- Profit (loss) carried forward -€21,917
down €21,917 (-18.9%), from €115,670 to €93,753
- Tax, wage and social debts -€10,348
down €10,348 (-68.6%), from €15,087 to €4,739
of which Taxes: -€10,317
- Trade debts -€10,228
down €10,228 (-68.3%), from €14,975 to €4,747
- Debts after one year -€4,830
down €4,830 (-70.1%), from €6,893 to €2,063
- Gross operating margin -€15,041
down €15,041 (-35.7%), from €42,107 to €27,066
- Taxes -€2,269
down €2,269 (-33.2%), from €6,844 to €4,575
- Other operating charges +€1,415
up €1,415 (+113%), from €1,256 to €2,671
- Depreciation +€1,153
up €1,153 (+11.7%), from €9,826 to €10,979
- Financial income -€870
down €870 (-22.4%), from €3,881 to €3,011
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 | €211,786 | €192,668 | -€19,118 | -9.0% |
| Fixed assets | 21/28 | €47,192 | €41,846 | -€5,346 | -11.3% |
| Tangible fixed assets | 22/27 | €41,243 | €35,897 | -€5,346 | -13.0% |
| Furniture and vehicles | 24 | €168 | €4,694 | +€4,526 | +2,694% |
| Other tangible fixed assets | 26 | €41,075 | €31,203 | -€9,872 | -24.0% |
| Financial fixed assets | 28 | €5,949 | €5,949 | = | 0.0% |
| Current assets | 29/58 | €164,594 | €150,822 | -€13,772 | -8.4% |
| Stocks and contracts in progress | 3 | €64,164 | €31,618 | -€32,546 | -50.7% |
| Stocks | 30/36 | €64,164 | €31,618 | -€32,546 | -50.7% |
| Amounts receivable within one year | 40/41 | €11,551 | €15,045 | +€3,494 | +30.2% |
| Trade receivables | 40 | €2,876 | €1,511 | -€1,365 | -47.5% |
| Other amounts receivable | 41 | €8,675 | €13,534 | +€4,859 | +56.0% |
| Cash at bank and in hand | 54/58 | €68,747 | €89,000 | +€20,253 | +29.5% |
| Deferred charges and accrued income | 490/1 | €20,132 | €15,159 | -€4,973 | -24.7% |
| Total equity and liabilities | 10/49 | €211,786 | €192,668 | -€19,118 | -9.0% |
| Equity | 10/15 | €169,756 | €147,839 | -€21,917 | -12.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €23,099 | €23,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,670 | €93,753 | -€21,917 | -18.9% |
| Amounts payable | 17/49 | €42,030 | €44,829 | +€2,799 | +6.7% |
| Amounts payable after more than one year | 17 | €6,893 | €2,063 | -€4,830 | -70.1% |
| Financial debts | 170/4 | €6,893 | €2,063 | -€4,830 | -70.1% |
| Amounts payable within one year | 42/48 | €35,137 | €42,757 | +€7,620 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €4,829 | €5,175 | +€346 | +7.2% |
| Trade debts | 44 | €14,975 | €4,747 | -€10,228 | -68.3% |
| Suppliers | 440/4 | €14,975 | €4,747 | -€10,228 | -68.3% |
| Taxes, remuneration and social security | 45 | €15,087 | €4,739 | -€10,348 | -68.6% |
| Taxes | 450/3 | €14,192 | €3,875 | -€10,317 | -72.7% |
| Remuneration and social security | 454/9 | €895 | €864 | -€31 | -3.5% |
| Other amounts payable | 47/48 | €246 | €28,096 | +€27,850 | +11,321% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €5,796 | €6,570 | +€774 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,826 | €10,979 | +€1,153 | +11.7% |
| Other operating charges | 640/8 | €1,256 | €2,671 | +€1,415 | +113% |
| Gross operating margin | 9900 | €42,107 | €27,066 | -€15,041 | -35.7% |
| Operating profit (loss) | 9901 | €25,229 | €6,846 | -€18,383 | -72.9% |
| Financial income | 75/76B | €3,881 | €3,011 | -€870 | -22.4% |
| Recurring financial income | 75 | €3,881 | €3,011 | -€870 | -22.4% |
| Financial charges | 65/66B | €1,774 | €1,599 | -€175 | -9.9% |
| Recurring financial charges | 65 | €1,774 | €1,599 | -€175 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €27,336 | €8,258 | -€19,078 | -69.8% |
| Income taxes | 67/77 | €6,844 | €4,575 | -€2,269 | -33.2% |
| Profit (loss) for the period | 9904 | €20,492 | €3,683 | -€16,809 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,492 | €3,683 | -€16,809 | -82.0% |
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 18 October 2026 via checked.be.