SERRA IT: what changed
Two fiscal 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 IT
Largest movements
- Cash -€171,580
down €171,580 (-91.4%), from €187,786 to €16,206
mainly Other debts (-€144,241) and Receivables after one year (-€50,000)
- Receivables after one year +€50,000
new in 2025: €50,000
- Deferred charges and accrued income -€28,862
down €28,862 (-97.1%), from €29,737 to €875
- Receivables within one year -€28,044
down €28,044 (-55.8%), from €50,262 to €22,218
of which Trade receivables: -€22,731
- Other debts -€144,241
down €144,241 (-74.8%), from €192,905 to €48,664
- Profit (loss) carried forward -€45,389
down €45,389 (-99.9%), from €45,428 to €39
- Tax, wage and social debts +€15,288
up €15,288 (+357.4%), from €4,278 to €19,566
- Trade debts -€4,472
down €4,472 (-87.0%), from €5,141 to €669
- Gross operating margin -€38,925
down €38,925 (-65.5%), from €59,398 to €20,474
- Financial charges -€38,166
down €38,166 (-66.1%), from €57,733 to €19,567
- Financial income +€694
up €694 (+40.0%), from €1,737 to €2,432
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.
Cash bridge derived
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 | €268,212 | €89,398 | -€178,813 | -66.7% |
| Fixed assets | 21/28 | €427 | €99 | -€327 | -76.7% |
| Tangible fixed assets | 22/27 | €427 | €99 | -€327 | -76.7% |
| Furniture and vehicles | 24 | €427 | €99 | -€327 | -76.7% |
| Current assets | 29/58 | €267,785 | €89,299 | -€178,486 | -66.7% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €50,262 | €22,218 | -€28,044 | -55.8% |
| Trade receivables | 40 | €22,731 | - | -€22,731 | |
| Other amounts receivable | 41 | €27,531 | €22,218 | -€5,313 | -19.3% |
| Cash at bank and in hand | 54/58 | €187,786 | €16,206 | -€171,580 | -91.4% |
| Deferred charges and accrued income | 490/1 | €29,737 | €875 | -€28,862 | -97.1% |
| Total equity and liabilities | 10/49 | €268,212 | €89,398 | -€178,813 | -66.7% |
| Equity | 10/15 | €65,888 | €20,499 | -€45,389 | -68.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,428 | €39 | -€45,389 | -99.9% |
| Amounts payable | 17/49 | €202,324 | €68,899 | -€133,424 | -65.9% |
| Amounts payable within one year | 42/48 | €202,324 | €68,899 | -€133,424 | -65.9% |
| Trade debts | 44 | €5,141 | €669 | -€4,472 | -87.0% |
| Suppliers | 440/4 | €5,141 | €669 | -€4,472 | -87.0% |
| Taxes, remuneration and social security | 45 | €4,278 | €19,566 | +€15,288 | +357.4% |
| Taxes | 450/3 | €4,278 | €19,566 | +€15,288 | +357.4% |
| Other amounts payable | 47/48 | €192,905 | €48,664 | -€144,241 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €327 | -€14 | -4.2% |
| Other operating charges | 640/8 | €141 | - | -€141 | |
| Gross operating margin | 9900 | €59,398 | €20,474 | -€38,925 | -65.5% |
| Operating profit (loss) | 9901 | €58,916 | €20,146 | -€38,769 | -65.8% |
| Financial income | 75/76B | €1,737 | €2,432 | +€694 | +40.0% |
| Recurring financial income | 75 | €1,737 | €2,432 | +€694 | +40.0% |
| Financial charges | 65/66B | €57,733 | €19,567 | -€38,166 | -66.1% |
| Recurring financial charges | 65 | €57,733 | €19,567 | -€38,166 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €2,920 | €3,011 | +€91 | +3.1% |
| Profit (loss) for the period | 9904 | €2,920 | €3,011 | +€91 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,920 | €3,011 | +€91 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.