Serial Graphics: 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.
Serial Graphics
Largest movements
- Cash +€15,287
up €15,287 (+38.2%), from €40,059 to €55,346
mainly Net result for the year (+€14,267) and Depreciation (+€13,623)
- Tangible fixed assets -€10,566
down €10,566 (-15.1%), from €69,878 to €59,312
of which Other tangible fixed assets: -€9,990
- Receivables within one year +€3,979
up €3,979 (+11.1%), from €35,741 to €39,720
of which Other amounts receivable: +€3,117
- Profit (loss) carried forward +€14,267
up €14,267 (+26.6%), from €53,568 to €67,835
- Debts after one year -€5,480
down €5,480 (-9.3%), from €59,230 to €53,750
- Gross operating margin +€6,427
up €6,427 (+23.3%), from €27,529 to €33,956
- Depreciation +€2,134
up €2,134 (+18.6%), from €11,489 to €13,623
- Taxes +€1,008
up €1,008 (+32.2%), from €3,126 to €4,134
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 | €145,703 | €154,403 | +€8,699 | +6.0% |
| Fixed assets | 21/28 | €69,903 | €59,337 | -€10,566 | -15.1% |
| Tangible fixed assets | 22/27 | €69,878 | €59,312 | -€10,566 | -15.1% |
| Plant, machinery and equipment | 23 | €1,797 | €1,295 | -€501 | -27.9% |
| Furniture and vehicles | 24 | €3,287 | €3,212 | -€75 | -2.3% |
| Other tangible fixed assets | 26 | €64,794 | €54,804 | -€9,990 | -15.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €75,800 | €95,066 | +€19,265 | +25.4% |
| Amounts receivable within one year | 40/41 | €35,741 | €39,720 | +€3,979 | +11.1% |
| Trade receivables | 40 | €21,780 | €22,642 | +€862 | +4.0% |
| Other amounts receivable | 41 | €13,961 | €17,078 | +€3,117 | +22.3% |
| Cash at bank and in hand | 54/58 | €40,059 | €55,346 | +€15,287 | +38.2% |
| Total equity and liabilities | 10/49 | €145,703 | €154,403 | +€8,699 | +6.0% |
| Equity | 10/15 | €76,628 | €90,895 | +€14,267 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 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% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,568 | €67,835 | +€14,267 | +26.6% |
| Amounts payable | 17/49 | €69,075 | €63,508 | -€5,568 | -8.1% |
| Amounts payable after more than one year | 17 | €59,230 | €53,750 | -€5,480 | -9.3% |
| Financial debts | 170/4 | €59,230 | €53,750 | -€5,480 | -9.3% |
| Amounts payable within one year | 42/48 | €9,846 | €9,758 | -€88 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €5,398 | €5,480 | +€82 | +1.5% |
| Trade debts | 44 | €2,404 | €902 | -€1,502 | -62.5% |
| Suppliers | 440/4 | €2,404 | €902 | -€1,502 | -62.5% |
| Taxes, remuneration and social security | 45 | €2,044 | €3,376 | +€1,332 | +65.2% |
| Taxes | 450/3 | €2,044 | €3,376 | +€1,332 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,489 | €13,623 | +€2,134 | +18.6% |
| Other operating charges | 640/8 | €895 | €871 | -€24 | -2.7% |
| Gross operating margin | 9900 | €27,529 | €33,956 | +€6,427 | +23.3% |
| Operating profit (loss) | 9901 | €15,145 | €19,462 | +€4,317 | +28.5% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100.0% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100.0% |
| Financial charges | 65/66B | €1,197 | €1,062 | -€135 | -11.3% |
| Recurring financial charges | 65 | €1,197 | €1,062 | -€135 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €13,970 | €18,401 | +€4,431 | +31.7% |
| Income taxes | 67/77 | €3,126 | €4,134 | +€1,008 | +32.2% |
| Profit (loss) for the period | 9904 | €10,844 | €14,267 | +€3,423 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,844 | €14,267 | +€3,423 | +31.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.