SERHAT INVEST: 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.
SERHAT INVEST
Largest movements
- Tangible fixed assets -€5,187
down €5,187 (-7.8%), from €66,503 to €61,316
- Receivables within one year -€2,900
no longer reported in 2024 (was €2,900)
- Formation expenses -€1,820
down €1,820 (-2.3%), from €80,620 to €78,801
- Profit (loss) carried forward -€9,907
down €9,907 (-130%), from -€7,616 to -€17,523
- Gross operating margin -€14,325
no longer reported in 2024 (was €14,325)
- Write-downs +€2,900
new in 2024: €2,900
- Other operating charges -€1,566
no longer reported in 2024 (was €1,566)
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.
Derived cash bridge
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 | €152,329 | €142,422 | -€9,907 | -6.5% |
| Formation expenses | 20 | €80,620 | €78,801 | -€1,820 | -2.3% |
| Fixed assets | 21/28 | €66,503 | €61,316 | -€5,187 | -7.8% |
| Tangible fixed assets | 22/27 | €66,503 | €61,316 | -€5,187 | -7.8% |
| Land and buildings | 22 | €66,503 | €61,316 | -€5,187 | -7.8% |
| Current assets | 29/58 | €5,205 | €2,305 | -€2,900 | -55.7% |
| Amounts receivable within one year | 40/41 | €2,900 | - | -€2,900 | |
| Trade receivables | 40 | €2,900 | - | -€2,900 | |
| Cash at bank and in hand | 54/58 | €2,305 | €2,305 | = | 0.0% |
| Total equity and liabilities | 10/49 | €152,329 | €142,422 | -€9,907 | -6.5% |
| Equity | 10/15 | €64,756 | €54,849 | -€9,907 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €53,772 | €53,772 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23 | €23 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23 | €23 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,749 | €53,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,616 | -€17,523 | -€9,907 | -130% |
| Provisions and deferred taxes | 16 | €27,689 | €27,689 | = | 0.0% |
| Deferred taxes | 168 | €27,689 | €27,689 | = | 0.0% |
| Amounts payable | 17/49 | €59,884 | €59,884 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,884 | €59,884 | = | 0.0% |
| Trade debts | 44 | €11,263 | €11,263 | = | 0.0% |
| Suppliers | 440/4 | €11,263 | €11,263 | = | 0.0% |
| Other amounts payable | 47/48 | €48,621 | €48,621 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,007 | €7,007 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,900 | +€2,900 | |
| Other operating charges | 640/8 | €1,566 | - | -€1,566 | |
| Gross operating margin | 9900 | €14,325 | - | -€14,325 | |
| Operating profit (loss) | 9901 | €5,753 | -€9,907 | -€15,659 | |
| Financial charges | 65/66B | €35 | - | -€35 | |
| Recurring financial charges | 65 | €35 | - | -€35 | |
| Profit (loss) for the period before taxes | 9903 | €5,718 | -€9,907 | -€15,624 | |
| Profit (loss) for the period | 9904 | €5,718 | -€9,907 | -€15,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,718 | -€9,907 | -€15,624 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.