Sergeant Paper: 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.
Sergeant Paper
Largest movements
- Receivables within one year +€3,186
up €3,186 (+100.7%), from €3,164 to €6,350
of which Other amounts receivable: +€4,180
- Formation expenses +€2,599
new in 2024: €2,599
- Cash -€2,024
down €2,024 (-64.6%), from €3,132 to €1,108
mainly Receivables within one year (-€3,186) and Investment in fixed assets (net) (-€2,599)
- Deferred charges and accrued income +€125
new in 2024: €125
- Profit (loss) carried forward +€2,951
up €2,951 (+96.4%), from -€3,061 to -€110
- Trade debts +€1,695
up €1,695 (+178.0%), from €952 to €2,647
- Tax, wage and social debts -€759
down €759 (-35.3%), from €2,149 to €1,390
- Other operating charges -€3,931
down €3,931 (-81.4%), from €4,828 to €896
- Taxes +€2,279
up €2,279, from -€1,250 to €1,029
- Write-downs +€1,783
no longer reported in 2024 (was -€1,783)
- Gross operating margin -€1,178
down €1,178 (-18.6%), from €6,342 to €5,164
- Financial charges -€577
down €577 (-66.7%), from €865 to €288
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.
Cash bridge derived
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 | €6,296 | €10,182 | +€3,886 | +61.7% |
| Formation expenses | 20 | - | €2,599 | +€2,599 | |
| Current assets | 29/58 | €6,296 | €7,583 | +€1,287 | +20.4% |
| Amounts receivable within one year | 40/41 | €3,164 | €6,350 | +€3,186 | +100.7% |
| Trade receivables | 40 | €2,876 | €1,883 | -€993 | -34.5% |
| Other amounts receivable | 41 | €288 | €4,468 | +€4,180 | +1450.8% |
| Cash at bank and in hand | 54/58 | €3,132 | €1,108 | -€2,024 | -64.6% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €6,296 | €10,182 | +€3,886 | +61.7% |
| Equity | 10/15 | €3,195 | €6,145 | +€2,951 | +92.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55 | €55 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55 | €55 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55 | €55 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,061 | -€110 | +€2,951 | +96.4% |
| Amounts payable | 17/49 | €3,101 | €4,037 | +€935 | +30.2% |
| Amounts payable within one year | 42/48 | €3,101 | €4,037 | +€935 | +30.2% |
| Trade debts | 44 | €952 | €2,647 | +€1,695 | +178.0% |
| Suppliers | 440/4 | €952 | €2,647 | +€1,695 | +178.0% |
| Taxes, remuneration and social security | 45 | €2,149 | €1,390 | -€759 | -35.3% |
| Taxes | 450/3 | €2,149 | €1,390 | -€759 | -35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,783 | - | +€1,783 | |
| Other operating charges | 640/8 | €4,828 | €896 | -€3,931 | -81.4% |
| Gross operating margin | 9900 | €6,342 | €5,164 | -€1,178 | -18.6% |
| Operating profit (loss) | 9901 | €3,298 | €4,268 | +€970 | +29.4% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €865 | €288 | -€577 | -66.7% |
| Recurring financial charges | 65 | €865 | €288 | -€577 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €2,458 | €3,980 | +€1,522 | +61.9% |
| Income taxes | 67/77 | -€1,250 | €1,029 | +€2,279 | |
| Profit (loss) for the period | 9904 | €3,708 | €2,951 | -€757 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,708 | €2,951 | -€757 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.