Skip to content

Sergey Services: 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.

What changed

Sergey Services

BE 0803.043.204
NACE 41.001, General construction of residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€30,998
2023 · €19,240+€11,758
Equity
€55,237
2023 · €24,240+€30,998
Cash
€64,698
2023 · €14,313+€50,385
Balance sheet total
€146,328
2023 · €43,482+€102,846

Largest movements

2023 to 2024
Assets
  • Cash +€50,385

    up €50,385 (+352.0%), from €14,313 to €64,698

    mainly Trade debts (+€41,506) and Net result for the year (+€30,998)

  • Tangible fixed assets +€40,421

    up €40,421 (+4674.7%), from €865 to €41,286

    of which Furniture and vehicles: +€40,711

  • Receivables within one year +€12,040

    up €12,040 (+42.5%), from €28,304 to €40,344

    of which Trade receivables: +€13,304

Equity and liabilities
  • Trade debts +€41,506

    up €41,506 (+4993.4%), from €831 to €42,337

  • Reserves +€30,998

    up €30,998 (+161.1%), from €19,240 to €50,237

  • Debts after one year +€19,968

    new in 2024: €19,968

  • Tax, wage and social debts +€6,483

    up €6,483 (+70.4%), from €9,208 to €15,692

    of which Taxes: +€5,272

  • Current portion of long-term debt +€5,600

    new in 2024: €5,600

Income statement
  • Gross operating margin +€77,575

    up €77,575 (+319.2%), from €24,302 to €101,878

  • Staff costs +€50,073

    new in 2024: €50,073

  • Depreciation +€10,772

    up €10,772 (+251084.6%), from €4 to €10,776

  • Taxes +€2,941

    up €2,941 (+61.1%), from €4,810 to €7,751

  • Financial charges +€1,869

    up €1,869 (+2583.4%), from €72 to €1,942

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €19,240
Gross operating margin +€77,575
Staff costs -€50,073
Depreciation -€10,772
Other operating charges -€163
Financial charges -€1,869
Taxes -€2,941
Result 2024 €30,998

Cash bridge derived

cash 2023 to 2024

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.

From operations +€76,014
Investment -€51,197
Financing +€25,568
Cash 2023 €14,313
Net result for the year +€30,998
Depreciation +€10,776
Receivables within one year -€12,040
Trade debts +€41,506
Tax, wage and social debts +€6,483
Other debts -€1,852
Accrued charges and deferred income +€144
Investment in fixed assets (net) -€51,197
Debts after one year +€19,968
Current portion of long-term debt +€5,600
Cash 2024 €64,698
Every line side by side 38 lines
Line Code 2023 2024 Change %
Total assets 20/58 €43,482 €146,328 +€102,846 +236.5%
Fixed assets 21/28 €865 €41,286 +€40,421 +4674.7%
Tangible fixed assets 22/27 €865 €41,286 +€40,421 +4674.7%
Plant, machinery and equipment 23 €865 €575 -€290 -33.5%
Furniture and vehicles 24 - €40,711 +€40,711
Current assets 29/58 €42,617 €105,042 +€62,425 +146.5%
Amounts receivable within one year 40/41 €28,304 €40,344 +€12,040 +42.5%
Trade receivables 40 €27,040 €40,344 +€13,304 +49.2%
Other amounts receivable 41 €1,264 €0 -€1,264 -100.0%
Cash at bank and in hand 54/58 €14,313 €64,698 +€50,385 +352.0%
Total equity and liabilities 10/49 €43,482 €146,328 +€102,846 +236.5%
Equity 10/15 €24,240 €55,237 +€30,998 +127.9%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €19,240 €50,237 +€30,998 +161.1%
Distributable reserves 133 €19,240 €50,237 +€30,998 +161.1%
Amounts payable 17/49 €19,242 €91,091 +€71,849 +373.4%
Amounts payable after more than one year 17 - €19,968 +€19,968
Financial debts 170/4 - €19,968 +€19,968
Amounts payable within one year 42/48 €19,242 €70,979 +€51,737 +268.9%
Current portion of amounts payable after more than one year 42 - €5,600 +€5,600
Trade debts 44 €831 €42,337 +€41,506 +4993.4%
Suppliers 440/4 €831 €42,337 +€41,506 +4993.4%
Taxes, remuneration and social security 45 €9,208 €15,692 +€6,483 +70.4%
Taxes 450/3 €8,208 €13,480 +€5,272 +64.2%
Remuneration and social security 454/9 €1,000 €2,212 +€1,212 +121.2%
Other amounts payable 47/48 €9,202 €7,350 -€1,852 -20.1%
Accrued charges and deferred income 492/3 - €144 +€144
Remuneration, social security and pensions 62 - €50,073 +€50,073
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4 €10,776 +€10,772 +251084.6%
Other operating charges 640/8 €176 €339 +€163 +92.8%
Gross operating margin 9900 €24,302 €101,878 +€77,575 +319.2%
Operating profit (loss) 9901 €24,122 €40,690 +€16,568 +68.7%
Financial charges 65/66B €72 €1,942 +€1,869 +2583.4%
Recurring financial charges 65 €72 €1,942 +€1,869 +2583.4%
Profit (loss) for the period before taxes 9903 €24,050 €38,748 +€14,698 +61.1%
Income taxes 67/77 €4,810 €7,751 +€2,941 +61.1%
Profit (loss) for the period 9904 €19,240 €30,998 +€11,758 +61.1%
Profit (loss) for the period to be appropriated 9905 €19,240 €30,998 +€11,758 +61.1%

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 29 September 2026 via checked.be.