SEROTONINE: 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.
SEROTONINE
Largest movements
- Tangible fixed assets +€29,369
up €29,369 (+647%), from €4,542 to €33,911
of which Furniture and vehicles: +€31,265
- Cash -€27,063
down €27,063 (-79.5%), from €34,036 to €6,973
mainly Contributions, distributions and other (-€52,216) and Investment in fixed assets (net) (-€34,702)
- Receivables within one year +€10,283
up €10,283 (+31.1%), from €33,110 to €43,393
of which Trade receivables: +€10,878
- Deferred charges and accrued income +€1,274
up €1,274 (+265%), from €481 to €1,755
- Debts after one year +€12,778
new in 2025: €12,778
- Current portion of long-term debt +€7,667
new in 2025: €7,667
- Trade debts -€6,793
down €6,793 (-89.0%), from €7,633 to €840
- Tax, wage and social debts +€4,796
up €4,796 (+89.9%), from €5,334 to €10,130
- Other debts -€3,514
down €3,514 (-6.3%), from €55,531 to €52,017
- Gross operating margin +€5,628
up €5,628 (+8.2%), from €68,370 to €73,998
- Depreciation +€3,459
up €3,459 (+185%), from €1,874 to €5,333
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 | €72,168 | €86,032 | +€13,864 | +19.2% |
| Fixed assets | 21/28 | €4,542 | €33,911 | +€29,369 | +647% |
| Tangible fixed assets | 22/27 | €4,542 | €33,911 | +€29,369 | +647% |
| Plant, machinery and equipment | 23 | €3,677 | €1,781 | -€1,896 | -51.6% |
| Furniture and vehicles | 24 | €865 | €32,130 | +€31,265 | +3,616% |
| Current assets | 29/58 | €67,626 | €52,121 | -€15,505 | -22.9% |
| Amounts receivable within one year | 40/41 | €33,110 | €43,393 | +€10,283 | +31.1% |
| Trade receivables | 40 | €29,923 | €40,801 | +€10,878 | +36.4% |
| Other amounts receivable | 41 | €3,186 | €2,592 | -€594 | -18.7% |
| Cash at bank and in hand | 54/58 | €34,036 | €6,973 | -€27,063 | -79.5% |
| Deferred charges and accrued income | 490/1 | €481 | €1,755 | +€1,274 | +265% |
| Total equity and liabilities | 10/49 | €72,168 | €86,032 | +€13,864 | +19.2% |
| Equity | 10/15 | €2,600 | €2,600 | = | 0.0% |
| Contributions | 10/11 | €2,600 | €2,600 | = | 0.0% |
| Amounts payable | 17/49 | €69,568 | €83,432 | +€13,864 | +19.9% |
| Amounts payable after more than one year | 17 | - | €12,778 | +€12,778 | |
| Financial debts | 170/4 | - | €12,778 | +€12,778 | |
| Amounts payable within one year | 42/48 | €68,498 | €70,654 | +€2,156 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,667 | +€7,667 | |
| Trade debts | 44 | €7,633 | €840 | -€6,793 | -89.0% |
| Suppliers | 440/4 | €7,633 | €840 | -€6,793 | -89.0% |
| Taxes, remuneration and social security | 45 | €5,334 | €10,130 | +€4,796 | +89.9% |
| Taxes | 450/3 | €5,334 | €10,130 | +€4,796 | +89.9% |
| Other amounts payable | 47/48 | €55,531 | €52,017 | -€3,514 | -6.3% |
| Accrued charges and deferred income | 492/3 | €1,070 | - | -€1,070 | |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €5,333 | +€3,459 | +185% |
| Other operating charges | 640/8 | €1,241 | €1,160 | -€81 | -6.5% |
| Gross operating margin | 9900 | €68,370 | €73,998 | +€5,628 | +8.2% |
| Operating profit (loss) | 9901 | €65,254 | €67,504 | +€2,250 | +3.4% |
| Financial income | 75/76B | €8 | €66 | +€58 | +734% |
| Recurring financial income | 75 | €8 | €66 | +€58 | +734% |
| Financial charges | 65/66B | €527 | €578 | +€51 | +9.6% |
| Recurring financial charges | 65 | €527 | €578 | +€51 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €64,735 | €66,993 | +€2,257 | +3.5% |
| Income taxes | 67/77 | €14,411 | €14,776 | +€366 | +2.5% |
| Profit (loss) for the period | 9904 | €50,325 | €52,216 | +€1,892 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,325 | €52,216 | +€1,892 | +3.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.