SERIEWOORDENAAR: 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.
SERIEWOORDENAAR
Largest movements
- Receivables within one year -€14,384
down €14,384 (-62.1%), from €23,161 to €8,777
of which Trade receivables: -€9,717
- Cash -€6,968
down €6,968 (-13.1%), from €53,014 to €46,045
mainly Net result for the year (-€11,464) and Tax, wage and social debts (-€8,590)
- Receivables after one year +€4,465
up €4,465 (+29.1%), from €15,319 to €19,783
- Tangible fixed assets -€3,444
down €3,444 (-66.2%), from €5,199 to €1,755
of which Furniture and vehicles: -€2,476
- Profit (loss) carried forward -€11,464
down €11,464 (-53.9%), from €21,251 to €9,787
- Tax, wage and social debts -€8,590
down €8,590 (-60.5%), from €14,199 to €5,609
- Other debts -€3,841
down €3,841 (-75.8%), from €5,065 to €1,225
- Trade debts +€2,863
up €2,863 (+75.4%), from €3,798 to €6,661
- Gross operating margin -€34,958
down €34,958, from €29,707 to -€5,251
- Taxes -€7,063
down €7,063 (-100%), from €7,063 to €0
- Depreciation -€1,563
down €1,563 (-61.7%), from €2,531 to €968
- Write-downs +€966
up €966 (+91.2%), from €1,059 to €2,025
- Other operating charges +€487
up €487 (+347%), from €141 to €628
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 | €97,393 | €76,361 | -€21,032 | -21.6% |
| Fixed assets | 21/28 | €5,899 | €1,755 | -€4,144 | -70.3% |
| Intangible fixed assets | 21 | €700 | €0 | -€700 | -100% |
| Tangible fixed assets | 22/27 | €5,199 | €1,755 | -€3,444 | -66.2% |
| Furniture and vehicles | 24 | €2,476 | €0 | -€2,476 | -100% |
| Other tangible fixed assets | 26 | €2,723 | €1,755 | -€968 | -35.6% |
| Current assets | 29/58 | €91,494 | €74,606 | -€16,888 | -18.5% |
| Amounts receivable after more than one year | 29 | €15,319 | €19,783 | +€4,465 | +29.1% |
| Other amounts receivable | 291 | €15,319 | €19,783 | +€4,465 | +29.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €23,161 | €8,777 | -€14,384 | -62.1% |
| Trade receivables | 40 | €18,446 | €8,728 | -€9,717 | -52.7% |
| Other amounts receivable | 41 | €4,716 | €49 | -€4,667 | -99.0% |
| Cash at bank and in hand | 54/58 | €53,014 | €46,045 | -€6,968 | -13.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €97,393 | €76,361 | -€21,032 | -21.6% |
| Equity | 10/15 | €74,331 | €62,867 | -€11,464 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,880 | €46,880 | = | 0.0% |
| Distributable reserves | 133 | €46,880 | €46,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,251 | €9,787 | -€11,464 | -53.9% |
| Amounts payable | 17/49 | €23,062 | €13,494 | -€9,568 | -41.5% |
| Amounts payable within one year | 42/48 | €23,062 | €13,494 | -€9,568 | -41.5% |
| Trade debts | 44 | €3,798 | €6,661 | +€2,863 | +75.4% |
| Suppliers | 440/4 | €3,798 | €6,661 | +€2,863 | +75.4% |
| Taxes, remuneration and social security | 45 | €14,199 | €5,609 | -€8,590 | -60.5% |
| Taxes | 450/3 | €14,199 | €5,609 | -€8,590 | -60.5% |
| Other amounts payable | 47/48 | €5,065 | €1,225 | -€3,841 | -75.8% |
| Non-recurring operating income | 76A | €572 | €0 | -€572 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,531 | €968 | -€1,563 | -61.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,059 | €2,025 | +€966 | +91.2% |
| Other operating charges | 640/8 | €141 | €628 | +€487 | +347% |
| Non-recurring operating charges | 66A | - | €3,176 | +€3,176 | |
| Gross operating margin | 9900 | €29,707 | -€5,251 | -€34,958 | |
| Operating profit (loss) | 9901 | €25,977 | -€12,048 | -€38,025 | |
| Financial income | 75/76B | €324 | €728 | +€403 | +124% |
| Recurring financial income | 75 | €324 | €728 | +€403 | +124% |
| Financial charges | 65/66B | €133 | €144 | +€10 | +7.7% |
| Recurring financial charges | 65 | €133 | €144 | +€10 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €26,168 | -€11,464 | -€37,632 | |
| Income taxes | 67/77 | €7,063 | €0 | -€7,063 | -100% |
| Profit (loss) for the period | 9904 | €19,105 | -€11,464 | -€30,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,105 | -€11,464 | -€30,569 |
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 27 October 2026 via checked.be.