Serlet Bouw: 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.
Serlet Bouw
Largest movements
- Tangible fixed assets +€49,761
up €49,761 (+257%), from €19,370 to €69,131
of which Furniture and vehicles: +€47,694
- Stocks and contracts +€36,030
up €36,030 (+13.3%), from €270,307 to €306,337
- Cash +€32,271
up €32,271 (+14,001%), from €230 to €32,501
mainly Debts after one year (+€40,842) and Other debts (+€38,657)
- Debts after one year +€40,842
up €40,842 (+20.4%), from €200,000 to €240,842
- Other debts +€38,657
up €38,657 (+42.5%), from €90,939 to €129,595
- Trade debts +€32,702
up €32,702 (+376%), from €8,686 to €41,388
- Tax, wage and social debts +€16,141
up €16,141 (+110%), from €14,629 to €30,770
of which Taxes: +€8,317
- Profit (loss) carried forward -€15,745
new in 2024: -€15,745
- Staff costs +€46,531
new in 2024: €46,531
- Taxes -€11,209
no longer reported in 2024 (was €11,209)
- Depreciation +€6,486
up €6,486 (+123%), from €5,284 to €11,769
- Financial charges +€5,935
up €5,935 (+94.6%), from €6,274 to €12,209
- Gross operating margin +€4,736
up €4,736 (+9.0%), from €52,839 to €57,575
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,719 | €471,417 | +€122,698 | +35.2% |
| Fixed assets | 21/28 | €19,370 | €69,131 | +€49,761 | +257% |
| Tangible fixed assets | 22/27 | €19,370 | €69,131 | +€49,761 | +257% |
| Plant, machinery and equipment | 23 | €5,384 | €7,451 | +€2,067 | +38.4% |
| Furniture and vehicles | 24 | €13,986 | €61,680 | +€47,694 | +341% |
| Current assets | 29/58 | €329,349 | €402,286 | +€72,938 | +22.1% |
| Stocks and contracts in progress | 3 | €270,307 | €306,337 | +€36,030 | +13.3% |
| Stocks | 30/36 | €270,307 | €306,337 | +€36,030 | +13.3% |
| Amounts receivable within one year | 40/41 | €58,811 | €63,448 | +€4,637 | +7.9% |
| Trade receivables | 40 | €53,973 | €62,588 | +€8,615 | +16.0% |
| Other amounts receivable | 41 | €4,838 | €860 | -€3,978 | -82.2% |
| Cash at bank and in hand | 54/58 | €230 | €32,501 | +€32,271 | +14,001% |
| Total equity and liabilities | 10/49 | €348,719 | €471,417 | +€122,698 | +35.2% |
| Equity | 10/15 | €34,465 | €18,719 | -€15,745 | -45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,465 | €29,465 | = | 0.0% |
| Distributable reserves | 133 | €29,465 | €29,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,745 | -€15,745 | |
| Amounts payable | 17/49 | €314,254 | €452,698 | +€138,444 | +44.1% |
| Amounts payable after more than one year | 17 | €200,000 | €240,842 | +€40,842 | +20.4% |
| Financial debts | 170/4 | €200,000 | €240,842 | +€40,842 | +20.4% |
| Amounts payable within one year | 42/48 | €114,254 | €211,856 | +€97,602 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,102 | +€10,102 | |
| Trade debts | 44 | €8,686 | €41,388 | +€32,702 | +376% |
| Suppliers | 440/4 | €8,686 | €41,388 | +€32,702 | +376% |
| Taxes, remuneration and social security | 45 | €14,629 | €30,770 | +€16,141 | +110% |
| Taxes | 450/3 | €11,629 | €19,946 | +€8,317 | +71.5% |
| Remuneration and social security | 454/9 | €3,000 | €10,825 | +€7,825 | +261% |
| Other amounts payable | 47/48 | €90,939 | €129,595 | +€38,657 | +42.5% |
| Remuneration, social security and pensions | 62 | - | €46,531 | +€46,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,284 | €11,769 | +€6,486 | +123% |
| Other operating charges | 640/8 | €653 | €2,827 | +€2,174 | +333% |
| Gross operating margin | 9900 | €52,839 | €57,575 | +€4,736 | +9.0% |
| Operating profit (loss) | 9901 | €46,902 | -€3,552 | -€50,455 | |
| Financial income | 75/76B | €45 | €16 | -€29 | -64.2% |
| Recurring financial income | 75 | €45 | €16 | -€29 | -64.2% |
| Financial charges | 65/66B | €6,274 | €12,209 | +€5,935 | +94.6% |
| Recurring financial charges | 65 | €6,274 | €12,209 | +€5,935 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €40,673 | -€15,745 | -€56,419 | |
| Income taxes | 67/77 | €11,209 | - | -€11,209 | |
| Profit (loss) for the period | 9904 | €29,465 | -€15,745 | -€45,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,465 | -€15,745 | -€45,210 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.