Serra Infra: 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.
Serra Infra
Largest movements
- Receivables within one year -€28,690
down €28,690 (-12.6%), from €227,047 to €198,357
of which Trade receivables: -€27,664
- Financial fixed assets +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€23,955
down €23,955 (-97.8%), from €24,501 to €546
of which Remuneration and social security: -€12,252
- Trade debts +€22,241
up €22,241 (+11.5%), from €193,304 to €215,544
- Provisions -€5,000
no longer reported in 2025 (was €5,000)
- Accrued charges and deferred income +€3,227
new in 2025: €3,227
- Gross operating margin -€76,660
down €76,660 (-96.2%), from €79,651 to €2,992
- Staff costs -€14,268
down €14,268 (-84.4%), from €16,904 to €2,636
- Provisions -€10,000
down €10,000, from €5,000 to -€5,000
- Depreciation -€7,257
no longer reported in 2025 (was €7,257)
- Financial income +€4,467
up €4,467 (+39,918%), from €11 to €4,478
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 | €230,312 | €224,565 | -€5,747 | -2.5% |
| Fixed assets | 21/28 | - | €25,000 | +€25,000 | |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €230,312 | €199,565 | -€30,747 | -13.4% |
| Amounts receivable within one year | 40/41 | €227,047 | €198,357 | -€28,690 | -12.6% |
| Trade receivables | 40 | €218,608 | €190,945 | -€27,664 | -12.7% |
| Other amounts receivable | 41 | €8,439 | €7,412 | -€1,027 | -12.2% |
| Cash at bank and in hand | 54/58 | €3,264 | €1,207 | -€2,057 | -63.0% |
| Total equity and liabilities | 10/49 | €230,312 | €224,565 | -€5,747 | -2.5% |
| Equity | 10/15 | €7,507 | €5,247 | -€2,260 | -30.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,935 | €1,935 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350 | - | -€350 | |
| Reserves not available under the articles | 1311 | €350 | - | -€350 | |
| Distributable reserves | 133 | €1,585 | €1,935 | +€350 | +22.1% |
| Profit (loss) carried forward | 14 | -€728 | -€2,988 | -€2,260 | -310% |
| Provisions and deferred taxes | 16 | €5,000 | - | -€5,000 | |
| Provisions for liabilities and charges | 160/5 | €5,000 | - | -€5,000 | |
| Other liabilities and charges | 164/5 | €5,000 | - | -€5,000 | |
| Amounts payable | 17/49 | €217,805 | €219,318 | +€1,513 | +0.7% |
| Amounts payable within one year | 42/48 | €217,805 | €216,090 | -€1,715 | -0.8% |
| Trade debts | 44 | €193,304 | €215,544 | +€22,241 | +11.5% |
| Suppliers | 440/4 | €193,304 | €215,544 | +€22,241 | +11.5% |
| Taxes, remuneration and social security | 45 | €24,501 | €546 | -€23,955 | -97.8% |
| Taxes | 450/3 | €11,703 | - | -€11,703 | |
| Remuneration and social security | 454/9 | €12,798 | €546 | -€12,252 | -95.7% |
| Accrued charges and deferred income | 492/3 | - | €3,227 | +€3,227 | |
| Remuneration, social security and pensions | 62 | €16,904 | €2,636 | -€14,268 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,257 | - | -€7,257 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | -€5,000 | -€10,000 | |
| Other operating charges | 640/8 | €919 | €5,040 | +€4,121 | +448% |
| Non-recurring operating charges | 66A | €41,439 | - | -€41,439 | |
| Gross operating margin | 9900 | €79,651 | €2,992 | -€76,660 | -96.2% |
| Operating profit (loss) | 9901 | €8,132 | €316 | -€7,816 | -96.1% |
| Financial income | 75/76B | €11 | €4,478 | +€4,467 | +39,918% |
| Recurring financial income | 75 | €11 | €4,478 | +€4,467 | +39,918% |
| Financial charges | 65/66B | €4,887 | €7,040 | +€2,153 | +44.0% |
| Recurring financial charges | 65 | €4,887 | €7,040 | +€2,153 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €3,256 | -€2,246 | -€5,502 | |
| Income taxes | 67/77 | €3,241 | €13 | -€3,227 | -99.6% |
| Profit (loss) for the period | 9904 | €15 | -€2,260 | -€2,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €15 | -€2,260 | -€2,275 |
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 23 October 2026 via checked.be.