SERKON: 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.
SERKON
Largest movements
- Cash +€3,516
up €3,516 (+7880.5%), from €45 to €3,561
mainly Net result for the year (+€5,469) and Tax, wage and social debts (+€1,682)
- Receivables within one year +€3,300
up €3,300 (+1101.8%), from €300 to €3,600
of which Trade receivables: +€3,600
- Profit (loss) carried forward +€5,469
up €5,469 (+10.1%), from -€53,974 to -€48,505
- Tax, wage and social debts +€1,682
up €1,682 (+647.2%), from €260 to €1,941
- Trade debts -€1,337
down €1,337 (-63.0%), from €2,122 to €785
- Gross operating margin +€13,223
up €13,223, from -€5,968 to €7,254
- Write-downs +€1,016
up €1,016, from -€1,016 to €0
- Other operating charges -€973
down €973 (-56.3%), from €1,728 to €755
- Financial charges +€393
up €393 (+101.9%), from €386 to €779
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 | €121,222 | €126,900 | +€5,678 | +4.7% |
| Fixed assets | 21/28 | €119,080 | €119,080 | = | 0.0% |
| Intangible fixed assets | 21 | €102,263 | €102,263 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,817 | €16,817 | = | 0.0% |
| Furniture and vehicles | 24 | €16,817 | €16,817 | = | 0.0% |
| Current assets | 29/58 | €2,142 | €7,820 | +€5,678 | +265.1% |
| Amounts receivable within one year | 40/41 | €300 | €3,600 | +€3,300 | +1101.8% |
| Trade receivables | 40 | €0 | €3,600 | +€3,600 | |
| Other amounts receivable | 41 | €300 | €0 | -€300 | -100.0% |
| Cash at bank and in hand | 54/58 | €45 | €3,561 | +€3,516 | +7880.5% |
| Deferred charges and accrued income | 490/1 | €1,798 | €659 | -€1,138 | -63.3% |
| Total equity and liabilities | 10/49 | €121,222 | €126,900 | +€5,678 | +4.7% |
| Equity | 10/15 | -€28,050 | -€22,582 | +€5,469 | +19.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €924 | €924 | = | 0.0% |
| Distributable reserves | 133 | €924 | €924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,974 | -€48,505 | +€5,469 | +10.1% |
| Amounts payable | 17/49 | €149,272 | €149,482 | +€210 | +0.1% |
| Amounts payable within one year | 42/48 | €137,002 | €137,212 | +€210 | +0.2% |
| Trade debts | 44 | €2,122 | €785 | -€1,337 | -63.0% |
| Suppliers | 440/4 | €2,122 | €785 | -€1,337 | -63.0% |
| Taxes, remuneration and social security | 45 | €260 | €1,941 | +€1,682 | +647.2% |
| Taxes | 450/3 | €260 | €1,941 | +€1,682 | +647.2% |
| Other amounts payable | 47/48 | €134,620 | €134,485 | -€135 | -0.1% |
| Accrued charges and deferred income | 492/3 | €12,270 | €12,270 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,016 | €0 | +€1,016 | |
| Other operating charges | 640/8 | €1,728 | €755 | -€973 | -56.3% |
| Gross operating margin | 9900 | -€5,968 | €7,254 | +€13,223 | |
| Operating profit (loss) | 9901 | -€6,681 | €6,499 | +€13,180 | |
| Financial charges | 65/66B | €386 | €779 | +€393 | +101.9% |
| Recurring financial charges | 65 | €386 | €779 | +€393 | +101.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,067 | €5,720 | +€12,787 | |
| Income taxes | 67/77 | €260 | €251 | -€9 | -3.4% |
| Profit (loss) for the period | 9904 | -€7,327 | €5,469 | +€12,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,327 | €5,469 | +€12,795 |
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 7 October 2026 via checked.be.