SERGIERRE: 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.
SERGIERRE
Largest movements
- Cash -€67,930
down €67,930 (-40.3%), from €168,606 to €100,676
mainly Contributions, distributions and other (-€35,950) and Net result for the year (-€21,571)
- Tangible fixed assets -€13,071
down €13,071 (-11.9%), from €110,017 to €96,946
of which Furniture and vehicles: -€12,088
- Stocks and contracts -€7,470
no longer reported in 2025 (was €7,470)
- Receivables within one year -€3,404
down €3,404 (-90.9%), from €3,747 to €342
- Reserves -€35,950
down €35,950 (-49.0%), from €73,417 to €37,467
- Profit (loss) carried forward -€21,571
down €21,571 (-13.1%), from €164,350 to €142,779
- Trade debts -€19,218
down €19,218 (-98.1%), from €19,581 to €364
- Tax, wage and social debts -€17,074
no longer reported in 2025 (was €17,074)
of which Remuneration and social security: -€11,846
- Turnover -€275,561
down €275,561 (-41.3%), from €667,805 to €392,243
- Purchases and services -€167,502
down €167,502 (-37.6%), from €445,155 to €277,653
- Gross operating margin -€110,404
down €110,404 (-47.4%), from €232,961 to €122,557
- Staff costs -€38,321
down €38,321 (-23.0%), from €166,693 to €128,372
- Taxes -€16,057
down €16,057 (-99.2%), from €16,187 to €130
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.
Cash bridge derived
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 | €291,777 | €197,964 | -€93,812 | -32.2% |
| Fixed assets | 21/28 | €110,017 | €96,946 | -€13,071 | -11.9% |
| Tangible fixed assets | 22/27 | €110,017 | €96,946 | -€13,071 | -11.9% |
| Land and buildings | 22 | €97,044 | €96,946 | -€98 | -0.1% |
| Furniture and vehicles | 24 | €12,088 | - | -€12,088 | |
| Other tangible fixed assets | 26 | €885 | - | -€885 | |
| Current assets | 29/58 | €181,759 | €101,018 | -€80,741 | -44.4% |
| Stocks and contracts in progress | 3 | €7,470 | - | -€7,470 | |
| Stocks | 30/36 | €7,470 | - | -€7,470 | |
| Amounts receivable within one year | 40/41 | €3,747 | €342 | -€3,404 | -90.9% |
| Other amounts receivable | 41 | €3,747 | €342 | -€3,404 | -90.9% |
| Cash at bank and in hand | 54/58 | €168,606 | €100,676 | -€67,930 | -40.3% |
| Deferred charges and accrued income | 490/1 | €1,937 | - | -€1,937 | |
| Total equity and liabilities | 10/49 | €291,777 | €197,964 | -€93,812 | -32.2% |
| Equity | 10/15 | €255,122 | €197,601 | -€57,521 | -22.5% |
| Contributions | 10/11 | €17,355 | €17,355 | = | 0.0% |
| Reserves | 13 | €73,417 | €37,467 | -€35,950 | -49.0% |
| Distributable reserves | 133 | €73,417 | €37,467 | -€35,950 | -49.0% |
| Profit (loss) carried forward | 14 | €164,350 | €142,779 | -€21,571 | -13.1% |
| Amounts payable | 17/49 | €36,655 | €364 | -€36,291 | -99.0% |
| Amounts payable within one year | 42/48 | €36,655 | €364 | -€36,291 | -99.0% |
| Trade debts | 44 | €19,581 | €364 | -€19,218 | -98.1% |
| Suppliers | 440/4 | €19,581 | €364 | -€19,218 | -98.1% |
| Taxes, remuneration and social security | 45 | €17,074 | - | -€17,074 | |
| Taxes | 450/3 | €5,228 | - | -€5,228 | |
| Remuneration and social security | 454/9 | €11,846 | - | -€11,846 | |
| Turnover | 70 | €667,805 | €392,243 | -€275,561 | -41.3% |
| Non-recurring operating income | 76A | €10,311 | €7,967 | -€2,344 | -22.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €445,155 | €277,653 | -€167,502 | -37.6% |
| Remuneration, social security and pensions | 62 | €166,693 | €128,372 | -€38,321 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,401 | €98 | -€6,303 | -98.5% |
| Other operating charges | 640/8 | €3,240 | €5,121 | +€1,881 | +58.1% |
| Non-recurring operating charges | 66A | - | €13,468 | +€13,468 | |
| Gross operating margin | 9900 | €232,961 | €122,557 | -€110,404 | -47.4% |
| Operating profit (loss) | 9901 | €56,627 | -€24,502 | -€81,129 | |
| Financial income | 75/76B | €319 | €3,223 | +€2,904 | +910.5% |
| Recurring financial income | 75 | €319 | €3,223 | +€2,904 | +910.5% |
| Financial charges | 65/66B | €1,553 | €162 | -€1,391 | -89.6% |
| Recurring financial charges | 65 | €1,553 | €162 | -€1,391 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €55,393 | -€21,441 | -€76,833 | |
| Income taxes | 67/77 | €16,187 | €130 | -€16,057 | -99.2% |
| Profit (loss) for the period | 9904 | €39,205 | -€21,571 | -€60,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,205 | -€21,571 | -€60,776 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.