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
- Tangible fixed assets +€55,360
up €55,360 (+14.5%), from €381,583 to €436,943
of which Furniture and vehicles: +€74,569
- Trade debts +€48,760
up €48,760 (+231.2%), from €21,089 to €69,849
- Debts after one year -€30,651
down €30,651 (-15.0%), from €203,705 to €173,054
- Profit (loss) carried forward +€12,125
up €12,125, from -€12,125 to €0
- Reserves +€9,602
up €9,602 (+516.2%), from €1,860 to €11,462
of which Distributable reserves: +€9,602
- Tax, wage and social debts +€6,287
up €6,287 (+49.0%), from €12,818 to €19,105
- Gross operating margin +€23,605
up €23,605 (+41.5%), from €56,859 to €80,464
- Taxes +€3,067
up €3,067 (+725.8%), from €423 to €3,489
- Other operating charges -€2,781
down €2,781 (-61.7%), from €4,504 to €1,723
- Financial charges -€2,359
down €2,359 (-12.8%), from €18,383 to €16,024
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 | €432,923 | €486,167 | +€53,244 | +12.3% |
| Fixed assets | 21/28 | €381,583 | €436,943 | +€55,360 | +14.5% |
| Tangible fixed assets | 22/27 | €381,583 | €436,943 | +€55,360 | +14.5% |
| Land and buildings | 22 | €369,503 | €338,568 | -€30,935 | -8.4% |
| Plant, machinery and equipment | 23 | €3,296 | €15,587 | +€12,292 | +373.0% |
| Furniture and vehicles | 24 | €6,401 | €80,969 | +€74,569 | +1165.0% |
| Other tangible fixed assets | 26 | €2,384 | €1,819 | -€565 | -23.7% |
| Current assets | 29/58 | €51,340 | €49,224 | -€2,116 | -4.1% |
| Stocks and contracts in progress | 3 | €39,650 | €36,650 | -€3,000 | -7.6% |
| Stocks | 30/36 | €39,650 | €36,650 | -€3,000 | -7.6% |
| Amounts receivable within one year | 40/41 | €6,821 | €7,213 | +€392 | +5.7% |
| Trade receivables | 40 | €6,821 | €7,080 | +€258 | +3.8% |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €2,505 | €3,490 | +€985 | +39.3% |
| Deferred charges and accrued income | 490/1 | €2,364 | €1,871 | -€493 | -20.8% |
| Total equity and liabilities | 10/49 | €432,923 | €486,167 | +€53,244 | +12.3% |
| Equity | 10/15 | €8,335 | €30,062 | +€21,727 | +260.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,462 | +€9,602 | +516.2% |
| 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 | - | €9,602 | +€9,602 | |
| Profit (loss) carried forward | 14 | -€12,125 | €0 | +€12,125 | |
| Amounts payable | 17/49 | €424,588 | €456,106 | +€31,517 | +7.4% |
| Amounts payable after more than one year | 17 | €203,705 | €173,054 | -€30,651 | -15.0% |
| Financial debts | 170/4 | €203,705 | €173,054 | -€30,651 | -15.0% |
| Amounts payable within one year | 42/48 | €220,267 | €283,052 | +€62,785 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €28,741 | €29,894 | +€1,153 | +4.0% |
| Financial debts | 43 | €51,971 | €53,647 | +€1,676 | +3.2% |
| Credit institutions | 430/8 | €51,971 | €53,647 | +€1,676 | +3.2% |
| Trade debts | 44 | €21,089 | €69,849 | +€48,760 | +231.2% |
| Suppliers | 440/4 | €21,089 | €69,849 | +€48,760 | +231.2% |
| Taxes, remuneration and social security | 45 | €12,818 | €19,105 | +€6,287 | +49.0% |
| Taxes | 450/3 | €12,818 | €19,105 | +€6,287 | +49.0% |
| Other amounts payable | 47/48 | €105,648 | €110,557 | +€4,909 | +4.6% |
| Accrued charges and deferred income | 492/3 | €617 | €0 | -€617 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,007 | €37,574 | -€433 | -1.1% |
| Other operating charges | 640/8 | €4,504 | €1,723 | -€2,781 | -61.7% |
| Gross operating margin | 9900 | €56,859 | €80,464 | +€23,605 | +41.5% |
| Operating profit (loss) | 9901 | €14,348 | €41,167 | +€26,819 | +186.9% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €18,383 | €16,024 | -€2,359 | -12.8% |
| Recurring financial charges | 65 | €18,383 | €16,024 | -€2,359 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,035 | €25,217 | +€29,252 | |
| Income taxes | 67/77 | €423 | €3,489 | +€3,067 | +725.8% |
| Profit (loss) for the period | 9904 | -€4,458 | €21,727 | +€26,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,458 | €21,727 | +€26,185 |
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 6 October 2026 via checked.be.