Serlet Wim: 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 Wim
Largest movements
- Receivables within one year +€21,511
up €21,511 (+47.6%), from €45,233 to €66,745
of which Other amounts receivable: +€18,765
- Tangible fixed assets -€6,823
down €6,823 (-25.2%), from €27,049 to €20,226
of which Other tangible fixed assets: -€3,680
- Cash -€3,610
down €3,610 (-100%), from €3,610 to €0
mainly Receivables within one year (-€21,511) and Debts after one year (-€10,176)
- Current portion of long-term debt +€13,644
up €13,644 (+75.2%), from €18,152 to €31,796
- Debts after one year -€10,176
down €10,176 (-39.7%), from €25,610 to €15,434
- Tax, wage and social debts -€9,411
down €9,411 (-98.0%), from €9,608 to €196
- Reserves +€8,952
new in 2025: €8,952
- Trade debts +€6,129
up €6,129 (+46.1%), from €13,283 to €19,412
- Gross operating margin -€10,651
down €10,651 (-21.8%), from €48,933 to €38,281
- Taxes +€9,283
up €9,283 (+270%), from €3,440 to €12,723
- Other operating charges +€5,329
up €5,329 (+850%), from €627 to €5,956
- Depreciation -€1,507
down €1,507 (-18.1%), from €8,330 to €6,823
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 | €77,628 | €89,121 | +€11,493 | +14.8% |
| Fixed assets | 21/28 | €27,097 | €20,274 | -€6,823 | -25.2% |
| Tangible fixed assets | 22/27 | €27,049 | €20,226 | -€6,823 | -25.2% |
| Land and buildings | 22 | €810 | €342 | -€469 | -57.8% |
| Plant, machinery and equipment | 23 | €1,290 | €544 | -€746 | -57.8% |
| Furniture and vehicles | 24 | €5,917 | €3,990 | -€1,928 | -32.6% |
| Other tangible fixed assets | 26 | €19,031 | €15,351 | -€3,680 | -19.3% |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €50,531 | €68,847 | +€18,316 | +36.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €45,233 | €66,745 | +€21,511 | +47.6% |
| Trade receivables | 40 | €4,618 | €7,364 | +€2,747 | +59.5% |
| Other amounts receivable | 41 | €40,616 | €59,380 | +€18,765 | +46.2% |
| Cash at bank and in hand | 54/58 | €3,610 | €0 | -€3,610 | -100% |
| Deferred charges and accrued income | 490/1 | €1,688 | €2,102 | +€414 | +24.6% |
| Total equity and liabilities | 10/49 | €77,628 | €89,121 | +€11,493 | +14.8% |
| Equity | 10/15 | €10,975 | €19,927 | +€8,952 | +81.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €8,952 | +€8,952 | |
| Distributable reserves | 133 | - | €8,952 | +€8,952 | |
| Profit (loss) carried forward | 14 | €4,775 | €4,775 | = | 0.0% |
| Amounts payable | 17/49 | €66,653 | €69,194 | +€2,541 | +3.8% |
| Amounts payable after more than one year | 17 | €25,610 | €15,434 | -€10,176 | -39.7% |
| Financial debts | 170/4 | €25,610 | €15,434 | -€10,176 | -39.7% |
| Amounts payable within one year | 42/48 | €41,043 | €53,760 | +€12,717 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €18,152 | €31,796 | +€13,644 | +75.2% |
| Financial debts | 43 | - | €281 | +€281 | |
| Credit institutions | 430/8 | - | €281 | +€281 | |
| Trade debts | 44 | €13,283 | €19,412 | +€6,129 | +46.1% |
| Suppliers | 440/4 | €13,283 | €19,412 | +€6,129 | +46.1% |
| Taxes, remuneration and social security | 45 | €9,608 | €196 | -€9,411 | -98.0% |
| Taxes | 450/3 | €9,608 | €196 | -€9,411 | -98.0% |
| Other amounts payable | 47/48 | €0 | €2,074 | +€2,074 | |
| Non-recurring operating income | 76A | €15,702 | €0 | -€15,702 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,330 | €6,823 | -€1,507 | -18.1% |
| Other operating charges | 640/8 | €627 | €5,956 | +€5,329 | +850% |
| Non-recurring operating charges | 66A | €46 | €127 | +€81 | +175% |
| Gross operating margin | 9900 | €48,933 | €38,281 | -€10,651 | -21.8% |
| Operating profit (loss) | 9901 | €39,929 | €25,375 | -€14,555 | -36.5% |
| Financial income | 75/76B | €181 | €64 | -€117 | -64.5% |
| Recurring financial income | 75 | €181 | €64 | -€117 | -64.5% |
| Financial charges | 65/66B | €3,514 | €3,763 | +€249 | +7.1% |
| Recurring financial charges | 65 | €3,514 | €3,763 | +€249 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €36,596 | €21,675 | -€14,920 | -40.8% |
| Income taxes | 67/77 | €3,440 | €12,723 | +€9,283 | +270% |
| Profit (loss) for the period | 9904 | €33,156 | €8,952 | -€24,204 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,156 | €8,952 | -€24,204 | -73.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.