SERIMMO: what changed
Two fiscal 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.
SERIMMO
Largest movements
- Receivables after one year +€31,050
up €31,050 (+4.1%), from €761,286 to €792,336
- Other debts +€40,470
up €40,470 (+32.9%), from €123,038 to €163,508
- Trade debts -€12,340
down €12,340 (-79.8%), from €15,468 to €3,128
- Other operating charges +€17,490
up €17,490 (+113.0%), from €15,478 to €32,968
- Depreciation -€2,923
down €2,923 (-31.7%), from €9,228 to €6,305
- Gross operating margin +€2,752
up €2,752 (+9.2%), from €29,763 to €32,515
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 | €933,819 | €955,048 | +€21,229 | +2.3% |
| Fixed assets | 21/28 | €139,599 | €133,294 | -€6,305 | -4.5% |
| Tangible fixed assets | 22/27 | €139,599 | €133,294 | -€6,305 | -4.5% |
| Land and buildings | 22 | €139,599 | €133,294 | -€6,305 | -4.5% |
| Current assets | 29/58 | €794,220 | €821,754 | +€27,534 | +3.5% |
| Amounts receivable after more than one year | 29 | €761,286 | €792,336 | +€31,050 | +4.1% |
| Other amounts receivable | 291 | €761,286 | €792,336 | +€31,050 | +4.1% |
| Cash at bank and in hand | 54/58 | €2,828 | €1,868 | -€960 | -33.9% |
| Deferred charges and accrued income | 490/1 | €30,106 | €27,550 | -€2,556 | -8.5% |
| Total equity and liabilities | 10/49 | €933,819 | €955,048 | +€21,229 | +2.3% |
| Equity | 10/15 | €793,769 | €786,868 | -€6,901 | -0.9% |
| Contributions | 10/11 | €821,987 | €821,987 | = | 0.0% |
| Capital | 10 | €821,987 | €821,987 | = | 0.0% |
| Issued capital | 100 | €821,987 | €821,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,218 | -€35,119 | -€6,901 | -24.5% |
| Amounts payable | 17/49 | €140,051 | €168,180 | +€28,130 | +20.1% |
| Amounts payable within one year | 42/48 | €139,501 | €167,630 | +€28,130 | +20.2% |
| Trade debts | 44 | €15,468 | €3,128 | -€12,340 | -79.8% |
| Suppliers | 440/4 | €15,468 | €3,128 | -€12,340 | -79.8% |
| Taxes, remuneration and social security | 45 | €995 | €995 | = | 0.0% |
| Taxes | 450/3 | €995 | €995 | = | 0.0% |
| Other amounts payable | 47/48 | €123,038 | €163,508 | +€40,470 | +32.9% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,228 | €6,305 | -€2,923 | -31.7% |
| Other operating charges | 640/8 | €15,478 | €32,968 | +€17,490 | +113.0% |
| Gross operating margin | 9900 | €29,763 | €32,515 | +€2,752 | +9.2% |
| Operating profit (loss) | 9901 | €5,058 | -€6,759 | -€11,816 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +110.4% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +110.4% |
| Financial charges | 65/66B | €166 | €144 | -€23 | -13.5% |
| Recurring financial charges | 65 | €166 | €144 | -€23 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €4,892 | -€6,900 | -€11,792 | |
| Income taxes | 67/77 | €0 | €1 | +€0 | +108.6% |
| Profit (loss) for the period | 9904 | €4,892 | -€6,901 | -€11,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,892 | -€6,901 | -€11,793 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.