Serninco: 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.
Serninco
Largest movements
- Cash +€128,474
up €128,474 (+190.4%), from €67,466 to €195,940
mainly Net result for the year (+€144,345) and Tax, wage and social debts (+€1,530)
- Receivables within one year +€16,678
up €16,678 (+966.9%), from €1,725 to €18,402
of which Trade receivables: +€16,424
- Reserves +€144,345
up €144,345 (+323.3%), from €44,651 to €188,997
- Gross operating margin +€125,543
up €125,543 (+144.6%), from €86,799 to €212,341
- Taxes +€45,502
up €45,502 (+202.7%), from €22,450 to €67,952
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.
Cash bridge derived
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 | €69,191 | €214,343 | +€145,152 | +209.8% |
| Current assets | 29/58 | €69,191 | €214,343 | +€145,152 | +209.8% |
| Amounts receivable within one year | 40/41 | €1,725 | €18,402 | +€16,678 | +966.9% |
| Trade receivables | 40 | €1,576 | €18,000 | +€16,424 | +1042.4% |
| Other amounts receivable | 41 | €149 | €402 | +€253 | +169.6% |
| Cash at bank and in hand | 54/58 | €67,466 | €195,940 | +€128,474 | +190.4% |
| Total equity and liabilities | 10/49 | €69,191 | €214,343 | +€145,152 | +209.8% |
| Equity | 10/15 | €50,851 | €195,197 | +€144,345 | +283.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,651 | €188,997 | +€144,345 | +323.3% |
| Distributable reserves | 133 | €44,651 | €188,997 | +€144,345 | +323.3% |
| Amounts payable | 17/49 | €18,340 | €19,146 | +€806 | +4.4% |
| Amounts payable within one year | 42/48 | €18,340 | €19,146 | +€806 | +4.4% |
| Trade debts | 44 | €1,473 | €749 | -€724 | -49.2% |
| Suppliers | 440/4 | €1,473 | €749 | -€724 | -49.2% |
| Taxes, remuneration and social security | 45 | €16,866 | €18,397 | +€1,530 | +9.1% |
| Taxes | 450/3 | €16,866 | €18,397 | +€1,530 | +9.1% |
| Other operating charges | 640/8 | €153 | €647 | +€494 | +322.9% |
| Gross operating margin | 9900 | €86,799 | €212,341 | +€125,543 | +144.6% |
| Operating profit (loss) | 9901 | €86,646 | €211,695 | +€125,049 | +144.3% |
| Financial income | 75/76B | - | €603 | +€603 | |
| Recurring financial income | 75 | - | €603 | +€603 | |
| Profit (loss) for the period before taxes | 9903 | €86,646 | €212,298 | +€125,652 | +145.0% |
| Income taxes | 67/77 | €22,450 | €67,952 | +€45,502 | +202.7% |
| Profit (loss) for the period | 9904 | €64,196 | €144,345 | +€80,150 | +124.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,196 | €144,345 | +€80,150 | +124.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.