SERME: 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.
SERME
Largest movements
- Cash +€21,734
up €21,734 (+394.0%), from €5,516 to €27,250
mainly Net result for the year (+€18,963) and Tax, wage and social debts (+€5,987)
- Tangible fixed assets +€5,278
up €5,278 (+301.3%), from €1,752 to €7,030
of which Furniture and vehicles: +€5,428
- Profit (loss) carried forward +€18,963
up €18,963 (+12.8%), from -€147,835 to -€128,873
- Tax, wage and social debts +€5,987
up €5,987 (+99.6%), from €6,010 to €11,997
of which Taxes: +€5,971
- Other debts +€5,638
up €5,638 (+2.7%), from €207,499 to €213,137
- Trade debts -€4,696
down €4,696 (-12.1%), from €38,941 to €34,245
- Gross operating margin +€76,991
up €76,991, from -€5,355 to €71,637
- Staff costs -€18,026
down €18,026 (-29.0%), from €62,248 to €44,222
- Other operating charges -€8,673
down €8,673 (-80.3%), from €10,794 to €2,122
- Depreciation +€2,383
up €2,383 (+87.7%), from €2,717 to €5,100
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.
Cash bridge derived
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 | €125,075 | €150,966 | +€25,891 | +20.7% |
| Formation expenses | 20 | €7,500 | €6,000 | -€1,500 | -20.0% |
| Fixed assets | 21/28 | €1,752 | €7,378 | +€5,626 | +321.1% |
| Tangible fixed assets | 22/27 | €1,752 | €7,030 | +€5,278 | +301.3% |
| Plant, machinery and equipment | 23 | €1,050 | €900 | -€150 | -14.3% |
| Furniture and vehicles | 24 | €702 | €6,130 | +€5,428 | +773.3% |
| Financial fixed assets | 28 | - | €348 | +€348 | |
| Current assets | 29/58 | €115,823 | €137,588 | +€21,765 | +18.8% |
| Stocks and contracts in progress | 3 | €89,803 | €89,803 | = | 0.0% |
| Stocks | 30/36 | €89,803 | €89,803 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,387 | €20,119 | -€268 | -1.3% |
| Trade receivables | 40 | €6,774 | €6,967 | +€193 | +2.8% |
| Other amounts receivable | 41 | €13,613 | €13,152 | -€461 | -3.4% |
| Cash at bank and in hand | 54/58 | €5,516 | €27,250 | +€21,734 | +394.0% |
| Deferred charges and accrued income | 490/1 | €116 | €415 | +€299 | +258.6% |
| Total equity and liabilities | 10/49 | €125,075 | €150,966 | +€25,891 | +20.7% |
| Equity | 10/15 | -€127,375 | -€108,413 | +€18,963 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,835 | -€128,873 | +€18,963 | +12.8% |
| Amounts payable | 17/49 | €252,450 | €259,379 | +€6,929 | +2.7% |
| Amounts payable within one year | 42/48 | €252,450 | €259,379 | +€6,929 | +2.7% |
| Trade debts | 44 | €38,941 | €34,245 | -€4,696 | -12.1% |
| Suppliers | 440/4 | €38,941 | €34,245 | -€4,696 | -12.1% |
| Taxes, remuneration and social security | 45 | €6,010 | €11,997 | +€5,987 | +99.6% |
| Taxes | 450/3 | €1,981 | €7,951 | +€5,971 | +301.4% |
| Remuneration and social security | 454/9 | €4,030 | €4,046 | +€16 | +0.4% |
| Other amounts payable | 47/48 | €207,499 | €213,137 | +€5,638 | +2.7% |
| Remuneration, social security and pensions | 62 | €62,248 | €44,222 | -€18,026 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,717 | €5,100 | +€2,383 | +87.7% |
| Other operating charges | 640/8 | €10,794 | €2,122 | -€8,673 | -80.3% |
| Gross operating margin | 9900 | -€5,355 | €71,637 | +€76,991 | |
| Operating profit (loss) | 9901 | -€81,114 | €20,193 | +€101,307 | |
| Financial charges | 65/66B | €1,062 | €1,230 | +€168 | +15.8% |
| Recurring financial charges | 65 | €1,062 | €1,230 | +€168 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€82,176 | €18,963 | +€101,139 | |
| Profit (loss) for the period | 9904 | -€82,176 | €18,963 | +€101,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,176 | €18,963 | +€101,139 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.