Serrtech: 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.
Serrtech
Largest movements
- Cash +€48,545
up €48,545 (+53.3%), from €91,142 to €139,688
mainly Net result for the year (+€28,165) and Trade debts (+€14,335)
- Receivables within one year +€13,300
up €13,300 (+30.1%), from €44,188 to €57,488
of which Other amounts receivable: +€10,182
- Reserves +€24,665
up €24,665 (+21.7%), from €113,603 to €138,268
of which Distributable reserves: +€24,665
- Trade debts +€14,335
up €14,335 (+147.2%), from €9,738 to €24,073
- Accrued charges and deferred income +€10,107
up €10,107 (+61.9%), from €16,331 to €26,438
- Tax, wage and social debts +€7,052
up €7,052 (+131.8%), from €5,352 to €12,404
- Other debts +€5,157
up €5,157 (+92.5%), from €5,578 to €10,734
- Taxes +€1,233
up €1,233 (+14.6%), from €8,438 to €9,671
- Financial charges +€1,189
up €1,189 (+2032.9%), from €59 to €1,248
- Gross operating margin +€983
up €983 (+2.2%), from €44,796 to €45,779
- Other operating charges -€599
down €599 (-34.6%), from €1,730 to €1,131
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 | €151,802 | €213,118 | +€61,316 | +40.4% |
| Fixed assets | 21/28 | €13,740 | €13,784 | +€44 | +0.3% |
| Tangible fixed assets | 22/27 | €13,650 | €13,694 | +€44 | +0.3% |
| Plant, machinery and equipment | 23 | €6,189 | €5,475 | -€714 | -11.5% |
| Furniture and vehicles | 24 | €5,416 | €6,568 | +€1,151 | +21.3% |
| Other tangible fixed assets | 26 | €2,044 | €1,652 | -€393 | -19.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €138,063 | €199,334 | +€61,271 | +44.4% |
| Stocks and contracts in progress | 3 | €600 | €0 | -€600 | -100.0% |
| Stocks | 30/36 | €600 | €0 | -€600 | -100.0% |
| Amounts receivable within one year | 40/41 | €44,188 | €57,488 | +€13,300 | +30.1% |
| Trade receivables | 40 | €32,514 | €35,632 | +€3,118 | +9.6% |
| Other amounts receivable | 41 | €11,674 | €21,856 | +€10,182 | +87.2% |
| Cash at bank and in hand | 54/58 | €91,142 | €139,688 | +€48,545 | +53.3% |
| Deferred charges and accrued income | 490/1 | €2,133 | €2,158 | +€25 | +1.2% |
| Total equity and liabilities | 10/49 | €151,802 | €213,118 | +€61,316 | +40.4% |
| Equity | 10/15 | €114,803 | €139,468 | +€24,665 | +21.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €113,603 | €138,268 | +€24,665 | +21.7% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €120 | €120 | = | 0.0% |
| Distributable reserves | 133 | €113,483 | €138,148 | +€24,665 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,999 | €73,649 | +€36,651 | +99.1% |
| Amounts payable within one year | 42/48 | €20,667 | €47,211 | +€26,544 | +128.4% |
| Trade debts | 44 | €9,738 | €24,073 | +€14,335 | +147.2% |
| Suppliers | 440/4 | €9,738 | €24,073 | +€14,335 | +147.2% |
| Taxes, remuneration and social security | 45 | €5,352 | €12,404 | +€7,052 | +131.8% |
| Taxes | 450/3 | €5,352 | €12,404 | +€7,052 | +131.8% |
| Other amounts payable | 47/48 | €5,578 | €10,734 | +€5,157 | +92.5% |
| Accrued charges and deferred income | 492/3 | €16,331 | €26,438 | +€10,107 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,723 | €6,148 | +€425 | +7.4% |
| Other operating charges | 640/8 | €1,730 | €1,131 | -€599 | -34.6% |
| Gross operating margin | 9900 | €44,796 | €45,779 | +€983 | +2.2% |
| Operating profit (loss) | 9901 | €37,343 | €38,500 | +€1,157 | +3.1% |
| Financial income | 75/76B | €773 | €584 | -€190 | -24.5% |
| Recurring financial income | 75 | €773 | €584 | -€190 | -24.5% |
| Financial charges | 65/66B | €59 | €1,248 | +€1,189 | +2032.9% |
| Recurring financial charges | 65 | €59 | €1,248 | +€1,189 | +2032.9% |
| Profit (loss) for the period before taxes | 9903 | €38,058 | €37,836 | -€222 | -0.6% |
| Income taxes | 67/77 | €8,438 | €9,671 | +€1,233 | +14.6% |
| Profit (loss) for the period | 9904 | €29,620 | €28,165 | -€1,455 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,620 | €28,165 | -€1,455 | -4.9% |
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.