SERHANI CONSULTING: 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.
SERHANI CONSULTING
Largest movements
- Receivables after one year +€49,000
up €49,000 (+12.9%), from €379,650 to €428,650
- Tangible fixed assets -€43,658
down €43,658 (-18.0%), from €242,213 to €198,555
of which Furniture and vehicles: -€24,185
- Cash -€26,338
down €26,338 (-80.1%), from €32,876 to €6,537
mainly Receivables after one year (-€49,000) and Debts after one year (-€35,277)
- Receivables within one year -€16,176
down €16,176 (-16.3%), from €99,447 to €83,271
of which Trade receivables: -€21,899
- Deferred charges and accrued income +€10,104
up €10,104 (+26.3%), from €38,357 to €48,460
- Profit (loss) carried forward +€40,334
up €40,334 (+12.3%), from €327,040 to €367,374
- Debts after one year -€35,277
down €35,277 (-13.0%), from €272,332 to €237,055
- Tax, wage and social debts -€14,817
down €14,817 (-49.8%), from €29,745 to €14,927
- Trade debts -€11,426
down €11,426 (-33.0%), from €34,574 to €23,149
- Gross operating margin -€46,963
down €46,963 (-34.6%), from €135,556 to €88,594
- Taxes -€11,819
down €11,819 (-54.3%), from €21,749 to €9,929
- Depreciation -€4,862
down €4,862 (-17.1%), from €28,457 to €23,595
- Financial income +€3,064
up €3,064 (+43.2%), from €7,100 to €10,164
- Financial charges +€3,022
up €3,022 (+27.4%), from €11,044 to €14,066
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.
Derived cash bridge
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 | €792,542 | €765,473 | -€27,068 | -3.4% |
| Fixed assets | 21/28 | €242,213 | €198,555 | -€43,658 | -18.0% |
| Tangible fixed assets | 22/27 | €242,213 | €198,555 | -€43,658 | -18.0% |
| Land and buildings | 22 | €214,388 | €193,106 | -€21,281 | -9.9% |
| Plant, machinery and equipment | 23 | €3,612 | €5,420 | +€1,808 | +50.1% |
| Furniture and vehicles | 24 | €24,213 | €28 | -€24,185 | -99.9% |
| Current assets | 29/58 | €550,329 | €566,918 | +€16,590 | +3.0% |
| Amounts receivable after more than one year | 29 | €379,650 | €428,650 | +€49,000 | +12.9% |
| Other amounts receivable | 291 | €379,650 | €428,650 | +€49,000 | +12.9% |
| Amounts receivable within one year | 40/41 | €99,447 | €83,271 | -€16,176 | -16.3% |
| Trade receivables | 40 | €99,445 | €77,546 | -€21,899 | -22.0% |
| Other amounts receivable | 41 | €1 | €5,725 | +€5,723 | +414,734% |
| Cash at bank and in hand | 54/58 | €32,876 | €6,537 | -€26,338 | -80.1% |
| Deferred charges and accrued income | 490/1 | €38,357 | €48,460 | +€10,104 | +26.3% |
| Total equity and liabilities | 10/49 | €792,542 | €765,473 | -€27,068 | -3.4% |
| Equity | 10/15 | €357,500 | €397,834 | +€40,334 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,040 | €367,374 | +€40,334 | +12.3% |
| Amounts payable | 17/49 | €435,042 | €367,639 | -€67,403 | -15.5% |
| Amounts payable after more than one year | 17 | €272,332 | €237,055 | -€35,277 | -13.0% |
| Financial debts | 170/4 | €272,332 | €237,055 | -€35,277 | -13.0% |
| Amounts payable within one year | 42/48 | €162,710 | €130,584 | -€32,126 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €40,920 | €34,673 | -€6,246 | -15.3% |
| Trade debts | 44 | €34,574 | €23,149 | -€11,426 | -33.0% |
| Suppliers | 440/4 | €34,574 | €23,149 | -€11,426 | -33.0% |
| Advances received on contracts in progress | 46 | €39,549 | €39,549 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €29,745 | €14,927 | -€14,817 | -49.8% |
| Taxes | 450/3 | €29,745 | €14,927 | -€14,817 | -49.8% |
| Other amounts payable | 47/48 | €17,923 | €18,287 | +€363 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,457 | €23,595 | -€4,862 | -17.1% |
| Other operating charges | 640/8 | €2,315 | €4,616 | +€2,301 | +99.4% |
| Non-recurring operating charges | 66A | - | €6,217 | +€6,217 | |
| Gross operating margin | 9900 | €135,556 | €88,594 | -€46,963 | -34.6% |
| Operating profit (loss) | 9901 | €104,784 | €54,165 | -€50,618 | -48.3% |
| Financial income | 75/76B | €7,100 | €10,164 | +€3,064 | +43.2% |
| Recurring financial income | 75 | €7,100 | €10,164 | +€3,064 | +43.2% |
| Financial charges | 65/66B | €11,044 | €14,066 | +€3,022 | +27.4% |
| Recurring financial charges | 65 | €11,044 | €14,066 | +€3,022 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €100,840 | €50,264 | -€50,576 | -50.2% |
| Income taxes | 67/77 | €21,749 | €9,929 | -€11,819 | -54.3% |
| Profit (loss) for the period | 9904 | €79,091 | €40,334 | -€38,757 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,091 | €40,334 | -€38,757 | -49.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.