SERIAL VISION: 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 VISION
Largest movements
- Cash +€34,918
up €34,918 (+672.6%), from €5,192 to €40,109
mainly Receivables after one year (+€30,000) and Depreciation (+€27,243)
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€24,458
down €24,458 (-8.8%), from €277,442 to €252,984
of which Land and buildings: -€24,417
- Debts after one year -€20,249
down €20,249 (-7.5%), from €269,001 to €248,752
- Profit (loss) carried forward -€7,362
down €7,362 (-8.1%), from €90,616 to €83,255
- Gross operating margin -€12,426
down €12,426 (-27.3%), from €45,559 to €33,133
- Financial charges -€809
down €809 (-7.9%), from €10,259 to €9,450
- Other operating charges -€593
down €593 (-15.4%), from €3,860 to €3,267
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 | €393,214 | €370,655 | -€22,560 | -5.7% |
| Fixed assets | 21/28 | €278,841 | €254,076 | -€24,765 | -8.9% |
| Intangible fixed assets | 21 | €1,349 | €1,042 | -€307 | -22.8% |
| Tangible fixed assets | 22/27 | €277,442 | €252,984 | -€24,458 | -8.8% |
| Land and buildings | 22 | €271,060 | €246,643 | -€24,417 | -9.0% |
| Furniture and vehicles | 24 | €6,382 | €6,341 | -€41 | -0.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €114,374 | €116,579 | +€2,205 | +1.9% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €79,179 | €76,369 | -€2,810 | -3.5% |
| Trade receivables | 40 | €66,897 | €32,588 | -€34,309 | -51.3% |
| Other amounts receivable | 41 | €12,283 | €43,781 | +€31,499 | +256.5% |
| Cash at bank and in hand | 54/58 | €5,192 | €40,109 | +€34,918 | +672.6% |
| Deferred charges and accrued income | 490/1 | €3 | €101 | +€98 | +3203.3% |
| Total equity and liabilities | 10/49 | €393,214 | €370,655 | -€22,560 | -5.7% |
| Equity | 10/15 | €99,616 | €92,255 | -€7,362 | -7.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,616 | €83,255 | -€7,362 | -8.1% |
| Amounts payable | 17/49 | €293,598 | €278,400 | -€15,198 | -5.2% |
| Amounts payable after more than one year | 17 | €269,001 | €248,752 | -€20,249 | -7.5% |
| Financial debts | 170/4 | €269,001 | €248,752 | -€20,249 | -7.5% |
| Amounts payable within one year | 42/48 | €24,597 | €29,648 | +€5,050 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €19,421 | €20,249 | +€828 | +4.3% |
| Financial debts | 43 | €18 | €66 | +€48 | +265.5% |
| Credit institutions | 430/8 | €18 | €66 | +€48 | +265.5% |
| Trade debts | 44 | €1,087 | €4,697 | +€3,610 | +332.0% |
| Suppliers | 440/4 | €1,087 | €4,697 | +€3,610 | +332.0% |
| Taxes, remuneration and social security | 45 | €4,071 | €4,637 | +€566 | +13.9% |
| Taxes | 450/3 | €4,071 | €3,637 | -€434 | -10.7% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | €3,902 | - | -€3,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,821 | €27,243 | +€422 | +1.6% |
| Other operating charges | 640/8 | €3,860 | €3,267 | -€593 | -15.4% |
| Gross operating margin | 9900 | €45,559 | €33,133 | -€12,426 | -27.3% |
| Operating profit (loss) | 9901 | €14,878 | €2,623 | -€12,255 | -82.4% |
| Financial income | 75/76B | €18 | €43 | +€26 | +144.8% |
| Recurring financial income | 75 | €18 | €43 | +€26 | +144.8% |
| Financial charges | 65/66B | €10,259 | €9,450 | -€809 | -7.9% |
| Recurring financial charges | 65 | €10,259 | €9,450 | -€809 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €4,636 | -€6,784 | -€11,420 | |
| Income taxes | 67/77 | €553 | €578 | +€25 | +4.5% |
| Profit (loss) for the period | 9904 | €4,084 | -€7,362 | -€11,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,084 | -€7,362 | -€11,445 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.