Serious About Change: 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.
Serious About Change
Largest movements
- Receivables within one year +€3,797
up €3,797 (+50.6%), from €7,499 to €11,296
of which Trade receivables: +€3,067
- Cash +€2,172
up €2,172 (+8.6%), from €25,183 to €27,355
mainly Net result for the year (+€17,770) and Trade debts (+€886)
- Tangible fixed assets -€751
down €751 (-48.0%), from €1,567 to €816
- Profit (loss) carried forward +€17,770
up €17,770, from -€11,386 to €6,384
- Other debts -€13,622
down €13,622 (-55.1%), from €24,700 to €11,078
- Trade debts +€886
up €886 (+186%), from €475 to €1,361
- Gross operating margin +€27,564
up €27,564, from -€7,989 to €19,575
- Depreciation -€452
down €452 (-37.6%), from €1,203 to €751
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 | €34,249 | €39,467 | +€5,218 | +15.2% |
| Fixed assets | 21/28 | €1,567 | €816 | -€751 | -48.0% |
| Tangible fixed assets | 22/27 | €1,567 | €816 | -€751 | -48.0% |
| Furniture and vehicles | 24 | €1,567 | €816 | -€751 | -48.0% |
| Current assets | 29/58 | €32,682 | €38,652 | +€5,969 | +18.3% |
| Amounts receivable within one year | 40/41 | €7,499 | €11,296 | +€3,797 | +50.6% |
| Trade receivables | 40 | €7,107 | €10,174 | +€3,067 | +43.2% |
| Other amounts receivable | 41 | €392 | €1,123 | +€731 | +186% |
| Cash at bank and in hand | 54/58 | €25,183 | €27,355 | +€2,172 | +8.6% |
| Total equity and liabilities | 10/49 | €34,249 | €39,467 | +€5,218 | +15.2% |
| Equity | 10/15 | €9,074 | €26,844 | +€17,770 | +196% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,386 | €6,384 | +€17,770 | |
| Amounts payable | 17/49 | €25,175 | €12,623 | -€12,552 | -49.9% |
| Amounts payable within one year | 42/48 | €25,175 | €12,623 | -€12,552 | -49.9% |
| Trade debts | 44 | €475 | €1,361 | +€886 | +186% |
| Suppliers | 440/4 | €475 | €1,361 | +€886 | +186% |
| Taxes, remuneration and social security | 45 | €0 | €184 | +€184 | |
| Taxes | 450/3 | €0 | €184 | +€184 | |
| Other amounts payable | 47/48 | €24,700 | €11,078 | -€13,622 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €751 | -€452 | -37.6% |
| Other operating charges | 640/8 | €820 | €793 | -€27 | -3.3% |
| Gross operating margin | 9900 | -€7,989 | €19,575 | +€27,564 | |
| Operating profit (loss) | 9901 | -€10,013 | €18,031 | +€28,043 | |
| Financial income | 75/76B | €0 | €14 | +€14 | |
| Recurring financial income | 75 | €0 | €14 | +€14 | |
| Financial charges | 65/66B | €86 | €91 | +€4 | +4.8% |
| Recurring financial charges | 65 | €86 | €91 | +€4 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,099 | €17,954 | +€28,053 | |
| Income taxes | 67/77 | €160 | €184 | +€24 | +14.8% |
| Profit (loss) for the period | 9904 | -€10,259 | €17,770 | +€28,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,259 | €17,770 | +€28,029 |
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 30 October 2026 via checked.be.