SERLIV: 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.
SERLIV
Largest movements
- Cash -€63,404
down €63,404 (-65.6%), from €96,678 to €33,274
mainly Contributions, distributions and other (-€130,266) and Receivables within one year (-€27,363)
- Receivables within one year +€27,363
up €27,363 (+329%), from €8,325 to €35,688
of which Trade receivables: +€18,852
- Profit (loss) carried forward -€141,695
no longer reported in 2025 (was €141,695)
- Other debts +€109,310
up €109,310 (+4,638%), from €2,357 to €111,667
- Trade debts -€6,606
down €6,606 (-66.0%), from €10,014 to €3,408
- Tax, wage and social debts +€2,514
up €2,514 (+10.8%), from €23,284 to €25,798
- Gross operating margin -€96,526
down €96,526 (-94.1%), from €102,609 to €6,083
- Taxes -€20,650
down €20,650 (-98.6%), from €20,944 to €294
- Depreciation +€6,718
up €6,718 (+95.7%), from €7,020 to €13,738
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 | €182,350 | €145,873 | -€36,477 | -20.0% |
| Fixed assets | 21/28 | €77,347 | €76,786 | -€561 | -0.7% |
| Tangible fixed assets | 22/27 | €77,347 | €76,786 | -€561 | -0.7% |
| Land and buildings | 22 | €67,594 | €68,500 | +€906 | +1.3% |
| Plant, machinery and equipment | 23 | €2,658 | €1,775 | -€883 | -33.2% |
| Furniture and vehicles | 24 | €2,992 | €2,930 | -€61 | -2.0% |
| Other tangible fixed assets | 26 | €4,103 | €3,581 | -€522 | -12.7% |
| Current assets | 29/58 | €105,003 | €69,087 | -€35,916 | -34.2% |
| Amounts receivable within one year | 40/41 | €8,325 | €35,688 | +€27,363 | +329% |
| Trade receivables | 40 | - | €18,852 | +€18,852 | |
| Other amounts receivable | 41 | €8,325 | €16,836 | +€8,511 | +102% |
| Cash at bank and in hand | 54/58 | €96,678 | €33,274 | -€63,404 | -65.6% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €182,350 | €145,873 | -€36,477 | -20.0% |
| Equity | 10/15 | €146,695 | €5,000 | -€141,695 | -96.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,695 | - | -€141,695 | |
| Amounts payable | 17/49 | €35,655 | €140,873 | +€105,218 | +295% |
| Amounts payable within one year | 42/48 | €35,655 | €140,873 | +€105,218 | +295% |
| Trade debts | 44 | €10,014 | €3,408 | -€6,606 | -66.0% |
| Suppliers | 440/4 | €10,014 | €3,408 | -€6,606 | -66.0% |
| Taxes, remuneration and social security | 45 | €23,284 | €25,798 | +€2,514 | +10.8% |
| Taxes | 450/3 | €23,284 | €25,798 | +€2,514 | +10.8% |
| Other amounts payable | 47/48 | €2,357 | €111,667 | +€109,310 | +4,638% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,020 | €13,738 | +€6,718 | +95.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €254 | €151 | -€104 | -40.7% |
| Gross operating margin | 9900 | €102,609 | €6,083 | -€96,526 | -94.1% |
| Operating profit (loss) | 9901 | €94,951 | -€8,192 | -€103,143 | |
| Financial income | 75/76B | €3 | €435 | +€433 | +17,179% |
| Recurring financial income | 75 | €3 | €435 | +€433 | +17,179% |
| Financial charges | 65/66B | €3,459 | €3,378 | -€81 | -2.3% |
| Recurring financial charges | 65 | €3,459 | €3,378 | -€81 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €91,494 | -€11,135 | -€102,629 | |
| Income taxes | 67/77 | €20,944 | €294 | -€20,650 | -98.6% |
| Profit (loss) for the period | 9904 | €70,549 | -€11,429 | -€81,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,549 | -€11,429 | -€81,979 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.