SERGIO CONCEPT: 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.
SERGIO CONCEPT
Largest movements
- Receivables within one year -€14,205
down €14,205 (-29.6%), from €47,969 to €33,765
of which Trade receivables: -€13,572
- Other debts -€9,970
down €9,970 (-84.0%), from €11,875 to €1,906
- Trade debts -€8,103
down €8,103 (-76.0%), from €10,659 to €2,556
- Profit (loss) carried forward +€5,028
up €5,028 (+24.4%), from €20,615 to €25,643
- Short-term financial debts -€2,919
no longer reported in 2025 (was €2,919)
- Tax, wage and social debts +€1,846
new in 2025: €1,846
- Provisions +€25,449
new in 2025: €25,449
- Gross operating margin +€7,011
up €7,011 (+25.3%), from €27,714 to €34,724
- Other operating charges +€2,199
new in 2025: €2,199
- Taxes +€1,446
up €1,446 (+361.5%), from €400 to €1,846
- Financial charges -€461
down €461 (-69.5%), from €663 to €202
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 | €48,067 | €34,029 | -€14,039 | -29.2% |
| Fixed assets | 21/28 | €98 | €98 | = | 0.0% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €47,969 | €33,931 | -€14,039 | -29.3% |
| Amounts receivable within one year | 40/41 | €47,969 | €33,765 | -€14,205 | -29.6% |
| Trade receivables | 40 | €47,027 | €33,455 | -€13,572 | -28.9% |
| Other amounts receivable | 41 | €943 | €310 | -€633 | -67.1% |
| Cash at bank and in hand | 54/58 | - | €166 | +€166 | |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €48,067 | €34,029 | -€14,039 | -29.2% |
| Equity | 10/15 | €22,615 | €27,643 | +€5,028 | +22.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,615 | €25,643 | +€5,028 | +24.4% |
| Amounts payable | 17/49 | €25,453 | €6,386 | -€19,067 | -74.9% |
| Amounts payable within one year | 42/48 | €25,453 | €6,308 | -€19,145 | -75.2% |
| Financial debts | 43 | €2,919 | - | -€2,919 | |
| Credit institutions | 430/8 | €2,919 | - | -€2,919 | |
| Trade debts | 44 | €10,659 | €2,556 | -€8,103 | -76.0% |
| Suppliers | 440/4 | €10,659 | €2,556 | -€8,103 | -76.0% |
| Taxes, remuneration and social security | 45 | - | €1,846 | +€1,846 | |
| Taxes | 450/3 | - | €1,846 | +€1,846 | |
| Other amounts payable | 47/48 | €11,875 | €1,906 | -€9,970 | -84.0% |
| Accrued charges and deferred income | 492/3 | - | €78 | +€78 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €25,449 | +€25,449 | |
| Other operating charges | 640/8 | - | €2,199 | +€2,199 | |
| Gross operating margin | 9900 | €27,714 | €34,724 | +€7,011 | +25.3% |
| Operating profit (loss) | 9901 | €27,714 | €7,076 | -€20,638 | -74.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €663 | €202 | -€461 | -69.5% |
| Recurring financial charges | 65 | €663 | €202 | -€461 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €27,051 | €6,874 | -€20,176 | -74.6% |
| Income taxes | 67/77 | €400 | €1,846 | +€1,446 | +361.5% |
| Profit (loss) for the period | 9904 | €26,651 | €5,028 | -€21,622 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,651 | €5,028 | -€21,622 | -81.1% |
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 30 September 2026 via checked.be.