SERMICO: 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.
SERMICO
Largest movements
- Cash -€40,598
down €40,598 (-41.2%), from €98,607 to €58,009
mainly Net result for the year (-€65,284) and Current investments (-€37,297)
- Current investments +€37,297
up €37,297 (+54.8%), from €68,072 to €105,369
- Deferred charges and accrued income +€15,602
up €15,602 (+88.1%), from €17,707 to €33,309
- Receivables within one year +€13,835
up €13,835 (+19.6%), from €70,669 to €84,505
of which Other amounts receivable: +€13,686
- Accrued charges and deferred income +€81,864
new in 2024: €81,864
- Profit (loss) carried forward -€65,284
down €65,284 (-18.0%), from €363,599 to €298,315
- Trade debts +€5,014
up €5,014 (+115.4%), from €4,343 to €9,357
- Gross operating margin -€29,785
down €29,785 (-1625.7%), from -€1,832 to -€31,617
- Other operating charges +€1,843
up €1,843 (+27.0%), from €6,835 to €8,677
- Depreciation +€1,344
up €1,344 (+5.8%), from €22,984 to €24,329
- Financial income +€825
up €825 (+26.4%), from €3,129 to €3,953
- Financial charges -€726
down €726 (-22.0%), from €3,297 to €2,571
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 | €431,499 | €453,360 | +€21,861 | +5.1% |
| Fixed assets | 21/28 | €176,443 | €172,168 | -€4,275 | -2.4% |
| Tangible fixed assets | 22/27 | €176,143 | €171,868 | -€4,275 | -2.4% |
| Land and buildings | 22 | €130,345 | €118,003 | -€12,342 | -9.5% |
| Plant, machinery and equipment | 23 | €10,988 | €8,292 | -€2,695 | -24.5% |
| Furniture and vehicles | 24 | €7,335 | €5,961 | -€1,374 | -18.7% |
| Other tangible fixed assets | 26 | €27,476 | €39,611 | +€12,135 | +44.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €255,056 | €281,193 | +€26,137 | +10.2% |
| Amounts receivable within one year | 40/41 | €70,669 | €84,505 | +€13,835 | +19.6% |
| Trade receivables | 40 | €9,860 | €10,010 | +€150 | +1.5% |
| Other amounts receivable | 41 | €60,810 | €74,495 | +€13,686 | +22.5% |
| Current investments | 50/53 | €68,072 | €105,369 | +€37,297 | +54.8% |
| Cash at bank and in hand | 54/58 | €98,607 | €58,009 | -€40,598 | -41.2% |
| Deferred charges and accrued income | 490/1 | €17,707 | €33,309 | +€15,602 | +88.1% |
| Total equity and liabilities | 10/49 | €431,499 | €453,360 | +€21,861 | +5.1% |
| Equity | 10/15 | €426,698 | €361,414 | -€65,284 | -15.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €32,112 | €32,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €25,962 | €25,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,599 | €298,315 | -€65,284 | -18.0% |
| Amounts payable | 17/49 | €4,801 | €91,947 | +€87,145 | +1815.1% |
| Amounts payable within one year | 42/48 | €4,801 | €10,082 | +€5,281 | +110.0% |
| Financial debts | 43 | - | €522 | +€522 | |
| Credit institutions | 430/8 | - | €522 | +€522 | |
| Trade debts | 44 | €4,343 | €9,357 | +€5,014 | +115.4% |
| Suppliers | 440/4 | €4,343 | €9,357 | +€5,014 | +115.4% |
| Taxes, remuneration and social security | 45 | €458 | €203 | -€254 | -55.6% |
| Taxes | 450/3 | €458 | €203 | -€254 | -55.6% |
| Accrued charges and deferred income | 492/3 | - | €81,864 | +€81,864 | |
| Non-recurring operating income | 76A | €0 | €5,675 | +€5,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,984 | €24,329 | +€1,344 | +5.8% |
| Other operating charges | 640/8 | €6,835 | €8,677 | +€1,843 | +27.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€1,832 | -€31,617 | -€29,785 | -1625.7% |
| Operating profit (loss) | 9901 | -€31,651 | -€64,623 | -€32,972 | -104.2% |
| Financial income | 75/76B | €3,129 | €3,953 | +€825 | +26.4% |
| Recurring financial income | 75 | €3,129 | €3,953 | +€825 | +26.4% |
| Financial charges | 65/66B | €3,297 | €2,571 | -€726 | -22.0% |
| Recurring financial charges | 65 | €3,297 | €2,571 | -€726 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,819 | -€63,240 | -€31,421 | -98.7% |
| Income taxes | 67/77 | €2,080 | €2,044 | -€36 | -1.7% |
| Profit (loss) for the period | 9904 | -€33,899 | -€65,284 | -€31,385 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,899 | -€65,284 | -€31,385 | -92.6% |
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 4 October 2026 via checked.be.