SERREGROENTEN: 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.
SERREGROENTEN
Largest movements
- Current investments +€153,692
up €153,692 (+158%), from €97,015 to €250,707
- Cash -€102,863
down €102,863 (-45.8%), from €224,786 to €121,923
mainly Current investments (-€153,692) and Investment in fixed assets (net) (-€16,285)
- Tangible fixed assets -€20,381
down €20,381 (-9.1%), from €223,178 to €202,796
of which Plant, machinery and equipment: -€17,677
- Receivables within one year -€13,880
down €13,880 (-51.1%), from €27,167 to €13,288
of which Trade receivables: -€13,199
- Reserves +€16,193
up €16,193 (+5.3%), from €308,252 to €324,445
- Financial charges +€9,681
up €9,681 (+95.6%), from -€10,124 to -€443
- Depreciation +€5,370
up €5,370 (+17.2%), from €31,296 to €36,666
- Gross operating margin +€5,068
up €5,068 (+5.4%), from €94,434 to €99,501
- Financial income +€3,010
up €3,010 (+218%), from €1,382 to €4,392
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 | €577,413 | €593,690 | +€16,276 | +2.8% |
| Fixed assets | 21/28 | €223,178 | €202,796 | -€20,381 | -9.1% |
| Tangible fixed assets | 22/27 | €223,178 | €202,796 | -€20,381 | -9.1% |
| Land and buildings | 22 | €142,082 | €130,388 | -€11,694 | -8.2% |
| Plant, machinery and equipment | 23 | €56,647 | €38,970 | -€17,677 | -31.2% |
| Furniture and vehicles | 24 | €24,448 | €33,439 | +€8,990 | +36.8% |
| Current assets | 29/58 | €354,236 | €390,893 | +€36,658 | +10.3% |
| Amounts receivable within one year | 40/41 | €27,167 | €13,288 | -€13,880 | -51.1% |
| Trade receivables | 40 | €26,017 | €12,818 | -€13,199 | -50.7% |
| Other amounts receivable | 41 | €1,150 | €470 | -€680 | -59.1% |
| Current investments | 50/53 | €97,015 | €250,707 | +€153,692 | +158% |
| Cash at bank and in hand | 54/58 | €224,786 | €121,923 | -€102,863 | -45.8% |
| Deferred charges and accrued income | 490/1 | €5,267 | €4,975 | -€292 | -5.6% |
| Total equity and liabilities | 10/49 | €577,413 | €593,690 | +€16,276 | +2.8% |
| Equity | 10/15 | €470,852 | €487,045 | +€16,193 | +3.4% |
| Contributions | 10/11 | €162,600 | €162,600 | = | 0.0% |
| Reserves | 13 | €308,252 | €324,445 | +€16,193 | +5.3% |
| Distributable reserves | 133 | €308,252 | €324,445 | +€16,193 | +5.3% |
| Amounts payable | 17/49 | €106,561 | €106,644 | +€83 | +0.1% |
| Amounts payable within one year | 42/48 | €106,120 | €103,344 | -€2,777 | -2.6% |
| Trade debts | 44 | €19,182 | €16,717 | -€2,466 | -12.9% |
| Suppliers | 440/4 | €19,182 | €16,717 | -€2,466 | -12.9% |
| Taxes, remuneration and social security | 45 | €6,246 | €6,981 | +€734 | +11.8% |
| Taxes | 450/3 | €1,714 | €1,486 | -€228 | -13.3% |
| Remuneration and social security | 454/9 | €4,532 | €5,494 | +€962 | +21.2% |
| Other amounts payable | 47/48 | €80,692 | €79,646 | -€1,046 | -1.3% |
| Accrued charges and deferred income | 492/3 | €441 | €3,301 | +€2,860 | +648% |
| Non-recurring operating income | 76A | - | €14,199 | +€14,199 | |
| Remuneration, social security and pensions | 62 | €34,447 | €34,755 | +€308 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,296 | €36,666 | +€5,370 | +17.2% |
| Other operating charges | 640/8 | €9,139 | €9,346 | +€208 | +2.3% |
| Gross operating margin | 9900 | €94,434 | €99,501 | +€5,068 | +5.4% |
| Operating profit (loss) | 9901 | €19,552 | €18,734 | -€818 | -4.2% |
| Financial income | 75/76B | €1,382 | €4,392 | +€3,010 | +218% |
| Recurring financial income | 75 | €1,382 | €4,392 | +€3,010 | +218% |
| Financial charges | 65/66B | -€10,124 | -€443 | +€9,681 | +95.6% |
| Recurring financial charges | 65 | -€10,124 | -€443 | +€9,681 | +95.6% |
| Profit (loss) for the period before taxes | 9903 | €31,058 | €23,569 | -€7,489 | -24.1% |
| Income taxes | 67/77 | €6,764 | €7,375 | +€611 | +9.0% |
| Profit (loss) for the period | 9904 | €24,294 | €16,193 | -€8,101 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,294 | €16,193 | -€8,101 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.