SERPPA: 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.
SERPPA
Largest movements
- Cash +€99,879
new in 2025: €99,879
mainly Net result for the year (+€99,238) and Other debts (+€500)
- Profit (loss) carried forward +€99,238
up €99,238, from -€4,327 to €94,912
- Gross operating margin +€103,735
up €103,735, from -€4,327 to €99,408
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 | €1,155,652 | €1,255,638 | +€99,986 | +8.7% |
| Fixed assets | 21/28 | €1,154,776 | €1,154,776 | = | 0.0% |
| Financial fixed assets | 28 | €1,154,776 | €1,154,776 | = | 0.0% |
| Current assets | 29/58 | €876 | €100,862 | +€99,986 | +11,415% |
| Amounts receivable within one year | 40/41 | €876 | €983 | +€107 | +12.2% |
| Other amounts receivable | 41 | €876 | €983 | +€107 | +12.2% |
| Cash at bank and in hand | 54/58 | - | €99,879 | +€99,879 | |
| Total equity and liabilities | 10/49 | €1,155,652 | €1,255,638 | +€99,986 | +8.7% |
| Equity | 10/15 | €1,150,449 | €1,249,688 | +€99,238 | +8.6% |
| Contributions | 10/11 | €1,154,776 | €1,154,776 | = | 0.0% |
| Capital | 10 | €1,154,776 | €1,154,776 | = | 0.0% |
| Issued capital | 100 | €1,154,776 | €1,154,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,327 | €94,912 | +€99,238 | |
| Amounts payable | 17/49 | €5,203 | €5,951 | +€748 | +14.4% |
| Amounts payable within one year | 42/48 | €5,203 | €5,951 | +€748 | +14.4% |
| Trade debts | 44 | - | €248 | +€248 | |
| Suppliers | 440/4 | - | €248 | +€248 | |
| Other amounts payable | 47/48 | €5,203 | €5,703 | +€500 | +9.6% |
| Gross operating margin | 9900 | -€4,327 | €99,408 | +€103,735 | |
| Operating profit (loss) | 9901 | -€4,327 | €99,408 | +€103,735 | |
| Financial charges | 65/66B | - | €170 | +€170 | |
| Recurring financial charges | 65 | - | €170 | +€170 | |
| Profit (loss) for the period before taxes | 9903 | -€4,327 | €99,238 | +€103,565 | |
| Profit (loss) for the period | 9904 | -€4,327 | €99,238 | +€103,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,327 | €99,238 | +€103,565 |
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 25 October 2026 via checked.be.