SERRULATA: 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.
SERRULATA
Largest movements
- Cash +€25,625
up €25,625 (+21.2%), from €121,056 to €146,681
mainly Other debts (+€144,650) and Net result for the year (+€29,063)
- Tangible fixed assets -€7,372
down €7,372 (-32.1%), from €22,939 to €15,568
of which Furniture and vehicles: -€5,078
- Receivables within one year +€6,807
up €6,807 (+46.4%), from €14,661 to €21,468
- Other debts +€144,650
up €144,650 (+1025.3%), from €14,108 to €158,758
- Profit (loss) carried forward -€113,350
down €113,350 (-100.0%), from €113,350 to €0
- Tax, wage and social debts -€9,707
down €9,707 (-33.2%), from €29,229 to €19,522
- Trade debts +€2,561
up €2,561 (+1215.3%), from €211 to €2,771
- Gross operating margin +€1,750
up €1,750 (+3.6%), from €49,027 to €50,777
- Depreciation +€956
up €956 (+11.6%), from €8,241 to €9,197
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 | €159,898 | €184,052 | +€24,154 | +15.1% |
| Fixed assets | 21/28 | €22,939 | €15,568 | -€7,372 | -32.1% |
| Tangible fixed assets | 22/27 | €22,939 | €15,568 | -€7,372 | -32.1% |
| Plant, machinery and equipment | 23 | €3,893 | €1,994 | -€1,898 | -48.8% |
| Furniture and vehicles | 24 | €16,019 | €10,940 | -€5,078 | -31.7% |
| Other tangible fixed assets | 26 | €3,028 | €2,633 | -€395 | -13.0% |
| Current assets | 29/58 | €136,958 | €168,484 | +€31,526 | +23.0% |
| Amounts receivable within one year | 40/41 | €14,661 | €21,468 | +€6,807 | +46.4% |
| Trade receivables | 40 | €14,661 | €21,468 | +€6,807 | +46.4% |
| Cash at bank and in hand | 54/58 | €121,056 | €146,681 | +€25,625 | +21.2% |
| Deferred charges and accrued income | 490/1 | €1,242 | €336 | -€906 | -73.0% |
| Total equity and liabilities | 10/49 | €159,898 | €184,052 | +€24,154 | +15.1% |
| Equity | 10/15 | €116,350 | €3,000 | -€113,350 | -97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,350 | €0 | -€113,350 | -100.0% |
| Amounts payable | 17/49 | €43,548 | €181,052 | +€137,504 | +315.8% |
| Amounts payable within one year | 42/48 | €43,548 | €181,052 | +€137,504 | +315.8% |
| Trade debts | 44 | €211 | €2,771 | +€2,561 | +1215.3% |
| Suppliers | 440/4 | €211 | €2,771 | +€2,561 | +1215.3% |
| Taxes, remuneration and social security | 45 | €29,229 | €19,522 | -€9,707 | -33.2% |
| Taxes | 450/3 | €29,229 | €19,522 | -€9,707 | -33.2% |
| Other amounts payable | 47/48 | €14,108 | €158,758 | +€144,650 | +1025.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,241 | €9,197 | +€956 | +11.6% |
| Other operating charges | 640/8 | €451 | €396 | -€55 | -12.1% |
| Gross operating margin | 9900 | €49,027 | €50,777 | +€1,750 | +3.6% |
| Operating profit (loss) | 9901 | €40,336 | €41,184 | +€848 | +2.1% |
| Financial income | 75/76B | €0 | €57 | +€56 | +94116.7% |
| Recurring financial income | 75 | €0 | €57 | +€56 | +94116.7% |
| Financial charges | 65/66B | €1,930 | €1,843 | -€87 | -4.5% |
| Recurring financial charges | 65 | €1,930 | €1,843 | -€87 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €38,405 | €39,397 | +€992 | +2.6% |
| Income taxes | 67/77 | €10,622 | €10,335 | -€287 | -2.7% |
| Profit (loss) for the period | 9904 | €27,783 | €29,063 | +€1,279 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,783 | €29,063 | +€1,279 | +4.6% |
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 5 October 2026 via checked.be.