Serk: 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.
Serk
Largest movements
- Cash -€17,027
down €17,027 (-72.4%), from €23,503 to €6,476
mainly Tax, wage and social debts (-€15,323) and Net result for the year (-€4,848)
- Deferred charges and accrued income +€4,818
up €4,818 (+1,723%), from €280 to €5,097
- Tangible fixed assets -€1,072
down €1,072 (-32.2%), from €3,326 to €2,255
of which Furniture and vehicles: -€652
- Receivables within one year -€917
down €917 (-4.7%), from €19,543 to €18,626
of which Other amounts receivable: -€3,819
- Tax, wage and social debts -€15,323
down €15,323 (-92.8%), from €16,518 to €1,195
of which Taxes: -€8,390
- Other debts +€7,878
up €7,878 (+158%), from €4,980 to €12,858
- Profit (loss) carried forward -€4,848
down €4,848 (-54.4%), from €8,910 to €4,061
- Trade debts -€1,905
down €1,905 (-12.5%), from €15,204 to €13,299
- Gross operating margin -€49,316
down €49,316 (-75.6%), from €65,227 to €15,912
- Staff costs -€46,675
down €46,675 (-72.6%), from €64,278 to €17,603
- Other operating charges -€4,883
down €4,883 (-81.5%), from €5,990 to €1,107
- Depreciation +€998
up €998 (+1,356%), from €74 to €1,072
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 | €64,212 | €50,013 | -€14,198 | -22.1% |
| Fixed assets | 21/28 | €20,886 | €19,815 | -€1,072 | -5.1% |
| Tangible fixed assets | 22/27 | €3,326 | €2,255 | -€1,072 | -32.2% |
| Plant, machinery and equipment | 23 | €1,263 | €843 | -€420 | -33.2% |
| Furniture and vehicles | 24 | €2,064 | €1,411 | -€652 | -31.6% |
| Financial fixed assets | 28 | €17,560 | €17,560 | = | 0.0% |
| Current assets | 29/58 | €43,325 | €30,199 | -€13,127 | -30.3% |
| Amounts receivable within one year | 40/41 | €19,543 | €18,626 | -€917 | -4.7% |
| Trade receivables | 40 | €9,466 | €12,368 | +€2,901 | +30.6% |
| Other amounts receivable | 41 | €10,077 | €6,258 | -€3,819 | -37.9% |
| Cash at bank and in hand | 54/58 | €23,503 | €6,476 | -€17,027 | -72.4% |
| Deferred charges and accrued income | 490/1 | €280 | €5,097 | +€4,818 | +1,723% |
| Total equity and liabilities | 10/49 | €64,212 | €50,013 | -€14,198 | -22.1% |
| Equity | 10/15 | €27,510 | €22,661 | -€4,848 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,910 | €4,061 | -€4,848 | -54.4% |
| Amounts payable | 17/49 | €36,702 | €27,352 | -€9,350 | -25.5% |
| Amounts payable within one year | 42/48 | €36,702 | €27,352 | -€9,350 | -25.5% |
| Trade debts | 44 | €15,204 | €13,299 | -€1,905 | -12.5% |
| Suppliers | 440/4 | €15,204 | €13,299 | -€1,905 | -12.5% |
| Taxes, remuneration and social security | 45 | €16,518 | €1,195 | -€15,323 | -92.8% |
| Taxes | 450/3 | €8,390 | - | -€8,390 | |
| Remuneration and social security | 454/9 | €8,128 | €1,195 | -€6,933 | -85.3% |
| Other amounts payable | 47/48 | €4,980 | €12,858 | +€7,878 | +158% |
| Remuneration, social security and pensions | 62 | €64,278 | €17,603 | -€46,675 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €1,072 | +€998 | +1,356% |
| Other operating charges | 640/8 | €5,990 | €1,107 | -€4,883 | -81.5% |
| Gross operating margin | 9900 | €65,227 | €15,912 | -€49,316 | -75.6% |
| Operating profit (loss) | 9901 | -€5,114 | -€3,870 | +€1,244 | +24.3% |
| Financial charges | 65/66B | €360 | €978 | +€619 | +172% |
| Recurring financial charges | 65 | €360 | €978 | +€619 | +172% |
| Profit (loss) for the period before taxes | 9903 | -€5,474 | -€4,848 | +€625 | +11.4% |
| Income taxes | 67/77 | -€32 | - | +€32 | |
| Profit (loss) for the period | 9904 | -€5,442 | -€4,848 | +€593 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,442 | -€4,848 | +€593 | +10.9% |
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 16 October 2026 via checked.be.