SEROTO9: 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.
SEROTO9
Largest movements
- Receivables within one year +€42,785
up €42,785 (+22.6%), from €189,272 to €232,057
of which Trade receivables: +€42,785
- Stocks and contracts -€27,072
down €27,072 (-58.8%), from €46,020 to €18,948
- Tangible fixed assets -€17,739
down €17,739 (-31.5%), from €56,291 to €38,552
of which Furniture and vehicles: -€12,320
- Financial fixed assets -€4,500
down €4,500 (-99.1%), from €4,540 to €40
- Cash -€3,448
down €3,448 (-53.1%), from €6,497 to €3,049
- Trade debts -€11,815
down €11,815 (-93.4%), from €12,649 to €833
- Other debts +€8,001
up €8,001 (+80.0%), from €10,000 to €18,001
- Debts after one year -€6,881
down €6,881 (-1.5%), from €450,318 to €443,437
- Gross operating margin -€112,506
no longer reported in 2025 (was €112,506)
- Depreciation -€23,701
no longer reported in 2025 (was €23,701)
- Write-downs -€22,093
no longer reported in 2025 (was €22,093)
- Other operating charges -€5,572
no longer reported in 2025 (was €5,572)
- Taxes -€3,274
no longer reported in 2025 (was €3,274)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,764 | €305,715 | -€13,049 | -4.1% |
| Fixed assets | 21/28 | €76,974 | €51,661 | -€25,314 | -32.9% |
| Intangible fixed assets | 21 | €16,144 | €13,069 | -€3,075 | -19.0% |
| Tangible fixed assets | 22/27 | €56,291 | €38,552 | -€17,739 | -31.5% |
| Plant, machinery and equipment | 23 | €20,902 | €15,902 | -€5,000 | -23.9% |
| Furniture and vehicles | 24 | €32,481 | €20,161 | -€12,320 | -37.9% |
| Other tangible fixed assets | 26 | €2,908 | €2,489 | -€419 | -14.4% |
| Financial fixed assets | 28 | €4,540 | €40 | -€4,500 | -99.1% |
| Current assets | 29/58 | €241,790 | €254,054 | +€12,265 | +5.1% |
| Stocks and contracts in progress | 3 | €46,020 | €18,948 | -€27,072 | -58.8% |
| Stocks | 30/36 | €46,020 | €18,948 | -€27,072 | -58.8% |
| Amounts receivable within one year | 40/41 | €189,272 | €232,057 | +€42,785 | +22.6% |
| Trade receivables | 40 | €189,266 | €232,051 | +€42,785 | +22.6% |
| Other amounts receivable | 41 | €6 | €6 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,497 | €3,049 | -€3,448 | -53.1% |
| Total equity and liabilities | 10/49 | €318,764 | €305,715 | -€13,049 | -4.1% |
| Equity | 10/15 | -€162,597 | -€161,084 | +€1,513 | +0.9% |
| Contributions | 10/11 | €18,120 | €18,120 | = | 0.0% |
| Reserves | 13 | €31,627 | €31,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,312 | €1,312 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,312 | €1,312 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,659 | €1,659 | = | 0.0% |
| Distributable reserves | 133 | €28,656 | €28,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,343 | -€210,831 | +€1,513 | +0.7% |
| Amounts payable | 17/49 | €481,361 | €466,799 | -€14,562 | -3.0% |
| Amounts payable after more than one year | 17 | €450,318 | €443,437 | -€6,881 | -1.5% |
| Financial debts | 170/4 | €450,318 | €443,437 | -€6,881 | -1.5% |
| Amounts payable within one year | 42/48 | €29,738 | €22,058 | -€7,681 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €4,875 | €2,886 | -€1,989 | -40.8% |
| Trade debts | 44 | €12,649 | €833 | -€11,815 | -93.4% |
| Suppliers | 440/4 | €12,649 | €833 | -€11,815 | -93.4% |
| Advances received on contracts in progress | 46 | €338 | €338 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,877 | - | -€1,877 | |
| Taxes | 450/3 | €1,877 | - | -€1,877 | |
| Other amounts payable | 47/48 | €10,000 | €18,001 | +€8,001 | +80.0% |
| Accrued charges and deferred income | 492/3 | €1,305 | €1,305 | = | 0.0% |
| Non-recurring operating income | 76A | €102,642 | - | -€102,642 | |
| Remuneration, social security and pensions | 62 | -€265 | - | +€265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,701 | - | -€23,701 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,093 | - | -€22,093 | |
| Other operating charges | 640/8 | €5,572 | - | -€5,572 | |
| Non-recurring operating charges | 66A | €110,191 | - | -€110,191 | |
| Gross operating margin | 9900 | €112,506 | - | -€112,506 | |
| Operating profit (loss) | 9901 | -€48,787 | - | +€48,787 | |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €2,229 | - | -€2,229 | |
| Recurring financial charges | 65 | €2,229 | - | -€2,229 | |
| Profit (loss) for the period before taxes | 9903 | -€50,968 | - | +€50,968 | |
| Income taxes | 67/77 | €3,274 | - | -€3,274 | |
| Profit (loss) for the period | 9904 | -€54,242 | - | +€54,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,242 | - | +€54,242 |
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 20 October 2026 via checked.be.