Serpent d’Airain: 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.
Serpent d’Airain
Largest movements
- Cash +€14,130
up €14,130 (+990%), from €1,427 to €15,557
mainly Net result for the year (+€12,185) and Tax, wage and social debts (+€7,564)
- Tangible fixed assets -€4,519
down €4,519 (-36.0%), from €12,553 to €8,034
of which Leasing and similar rights: -€4,085
- Receivables within one year +€3,984
up €3,984 (+131%), from €3,031 to €7,015
of which Trade receivables: +€6,634
- Profit (loss) carried forward +€12,185
up €12,185, from -€4,327 to €7,858
- Tax, wage and social debts +€7,564
up €7,564 (+483%), from €1,566 to €9,130
of which Taxes: +€5,585
- Debts after one year -€4,078
down €4,078 (-46.5%), from €8,768 to €4,691
- Other debts -€1,979
down €1,979 (-100%), from €1,979 to €0
- Current portion of long-term debt -€866
down €866 (-17.5%), from €4,944 to €4,078
- Gross operating margin +€25,098
up €25,098, from -€5,423 to €19,675
- Taxes +€2,269
up €2,269 (+1,314%), from €173 to €2,441
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 | €17,351 | €30,833 | +€13,481 | +77.7% |
| Fixed assets | 21/28 | €12,553 | €8,034 | -€4,519 | -36.0% |
| Tangible fixed assets | 22/27 | €12,553 | €8,034 | -€4,519 | -36.0% |
| Furniture and vehicles | 24 | €488 | €53 | -€435 | -89.1% |
| Leasing and similar rights | 25 | €12,065 | €7,981 | -€4,085 | -33.9% |
| Current assets | 29/58 | €4,798 | €22,799 | +€18,001 | +375% |
| Amounts receivable within one year | 40/41 | €3,031 | €7,015 | +€3,984 | +131% |
| Trade receivables | 40 | €54 | €6,688 | +€6,634 | +12,358% |
| Other amounts receivable | 41 | €2,977 | €327 | -€2,650 | -89.0% |
| Cash at bank and in hand | 54/58 | €1,427 | €15,557 | +€14,130 | +990% |
| Deferred charges and accrued income | 490/1 | €339 | €226 | -€113 | -33.4% |
| Total equity and liabilities | 10/49 | €17,351 | €30,833 | +€13,481 | +77.7% |
| Equity | 10/15 | -€1,327 | €10,858 | +€12,185 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,327 | €7,858 | +€12,185 | |
| Amounts payable | 17/49 | €18,678 | €19,974 | +€1,296 | +6.9% |
| Amounts payable after more than one year | 17 | €8,768 | €4,691 | -€4,078 | -46.5% |
| Financial debts | 170/4 | €8,768 | €4,691 | -€4,078 | -46.5% |
| Amounts payable within one year | 42/48 | €9,910 | €15,184 | +€5,274 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €4,944 | €4,078 | -€866 | -17.5% |
| Trade debts | 44 | €1,421 | €1,977 | +€555 | +39.1% |
| Suppliers | 440/4 | €1,421 | €1,977 | +€555 | +39.1% |
| Taxes, remuneration and social security | 45 | €1,566 | €9,130 | +€7,564 | +483% |
| Taxes | 450/3 | €1,566 | €7,150 | +€5,585 | +357% |
| Remuneration and social security | 454/9 | - | €1,979 | +€1,979 | |
| Other amounts payable | 47/48 | €1,979 | €0 | -€1,979 | -100% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,519 | €4,519 | = | 0.0% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€5,423 | €19,675 | +€25,098 | |
| Operating profit (loss) | 9901 | -€9,942 | €15,155 | +€25,098 | |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €701 | €531 | -€170 | -24.3% |
| Recurring financial charges | 65 | €701 | €531 | -€170 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,644 | €14,626 | +€25,270 | |
| Income taxes | 67/77 | €173 | €2,441 | +€2,269 | +1,314% |
| Profit (loss) for the period | 9904 | -€10,816 | €12,185 | +€23,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,816 | €12,185 | +€23,002 |
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 31 October 2026 via checked.be.