SERINDCO: 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.
SERINDCO
Largest movements
- Receivables within one year -€13,585
down €13,585 (-93.1%), from €14,585 to €1,000
of which Trade receivables: -€14,585
- Cash +€10,056
up €10,056 (+28.4%), from €35,353 to €45,410
mainly Other debts (+€17,000) and Receivables within one year (+€13,585)
- Tangible fixed assets -€574
down €574 (-48.3%), from €1,189 to €615
- Profit (loss) carried forward -€19,160
down €19,160 (-95.2%), from €20,122 to €962
- Other debts +€17,000
up €17,000 (+85.0%), from €20,000 to €37,000
- Tax, wage and social debts -€1,952
down €1,952 (-34.0%), from €5,733 to €3,782
- Gross operating margin -€19,454
down €19,454, from €17,866 to -€1,588
- Taxes -€3,734
down €3,734, from €3,572 to -€163
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 | €51,126 | €47,024 | -€4,102 | -8.0% |
| Fixed assets | 21/28 | €1,189 | €615 | -€574 | -48.3% |
| Tangible fixed assets | 22/27 | €1,189 | €615 | -€574 | -48.3% |
| Plant, machinery and equipment | 23 | €1,189 | €615 | -€574 | -48.3% |
| Current assets | 29/58 | €49,938 | €46,410 | -€3,528 | -7.1% |
| Amounts receivable within one year | 40/41 | €14,585 | €1,000 | -€13,585 | -93.1% |
| Trade receivables | 40 | €14,585 | - | -€14,585 | |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €35,353 | €45,410 | +€10,056 | +28.4% |
| Total equity and liabilities | 10/49 | €51,126 | €47,024 | -€4,102 | -8.0% |
| Equity | 10/15 | €25,122 | €5,962 | -€19,160 | -76.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,122 | €962 | -€19,160 | -95.2% |
| Amounts payable | 17/49 | €26,004 | €41,062 | +€15,058 | +57.9% |
| Amounts payable within one year | 42/48 | €26,004 | €41,062 | +€15,058 | +57.9% |
| Trade debts | 44 | €271 | €281 | +€10 | +3.6% |
| Suppliers | 440/4 | €271 | €281 | +€10 | +3.6% |
| Taxes, remuneration and social security | 45 | €5,733 | €3,782 | -€1,952 | -34.0% |
| Taxes | 450/3 | €5,733 | €3,782 | -€1,952 | -34.0% |
| Other amounts payable | 47/48 | €20,000 | €37,000 | +€17,000 | +85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | €574 | = | 0.0% |
| Gross operating margin | 9900 | €17,866 | -€1,588 | -€19,454 | |
| Operating profit (loss) | 9901 | €17,292 | -€2,162 | -€19,454 | |
| Financial charges | 65/66B | €138 | €160 | +€22 | +16.0% |
| Recurring financial charges | 65 | €138 | €160 | +€22 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €17,154 | -€2,323 | -€19,477 | |
| Income taxes | 67/77 | €3,572 | -€163 | -€3,734 | |
| Profit (loss) for the period | 9904 | €13,582 | -€2,160 | -€15,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,582 | -€2,160 | -€15,742 |
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 3 October 2026 via checked.be.