SERRY SABINE: 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.
SERRY SABINE
Largest movements
- Cash +€36,830
up €36,830 (+301%), from €12,254 to €49,084
mainly Net result for the year (+€129,819) and Depreciation (+€9,681)
- Deferred charges and accrued income +€35,709
up €35,709 (+49.1%), from €72,656 to €108,364
- Tangible fixed assets -€9,681
down €9,681 (-2.9%), from €328,812 to €319,131
- Reserves +€86,000
up €86,000 (+19.5%), from €440,410 to €526,410
of which Distributable reserves: +€87,860
- Debts after one year -€32,065
down €32,065 (-79.8%), from €40,158 to €8,093
- Gross operating margin +€84,273
up €84,273 (+76.0%), from €110,833 to €195,106
- Taxes +€26,617
up €26,617 (+96.8%), from €27,483 to €54,100
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 | €548,898 | €607,263 | +€58,365 | +10.6% |
| Fixed assets | 21/28 | €328,812 | €319,131 | -€9,681 | -2.9% |
| Tangible fixed assets | 22/27 | €328,812 | €319,131 | -€9,681 | -2.9% |
| Land and buildings | 22 | €328,812 | €319,131 | -€9,681 | -2.9% |
| Current assets | 29/58 | €220,086 | €288,131 | +€68,046 | +30.9% |
| Amounts receivable within one year | 40/41 | €134,768 | €130,451 | -€4,317 | -3.2% |
| Other amounts receivable | 41 | €134,768 | €130,451 | -€4,317 | -3.2% |
| Current investments | 50/53 | €408 | €232 | -€176 | -43.1% |
| Cash at bank and in hand | 54/58 | €12,254 | €49,084 | +€36,830 | +301% |
| Deferred charges and accrued income | 490/1 | €72,656 | €108,364 | +€35,709 | +49.1% |
| Total equity and liabilities | 10/49 | €548,898 | €607,263 | +€58,365 | +10.6% |
| Equity | 10/15 | €459,390 | €545,409 | +€86,019 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €440,410 | €526,410 | +€86,000 | +19.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €438,550 | €526,410 | +€87,860 | +20.0% |
| Profit (loss) carried forward | 14 | €380 | €399 | +€19 | +5.0% |
| Amounts payable | 17/49 | €89,507 | €61,853 | -€27,654 | -30.9% |
| Amounts payable after more than one year | 17 | €40,158 | €8,093 | -€32,065 | -79.8% |
| Financial debts | 170/4 | €40,158 | €8,093 | -€32,065 | -79.8% |
| Amounts payable within one year | 42/48 | €46,910 | €50,863 | +€3,953 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €31,575 | €32,065 | +€490 | +1.6% |
| Trade debts | 44 | €3,289 | €2,061 | -€1,229 | -37.4% |
| Suppliers | 440/4 | €3,289 | €2,061 | -€1,229 | -37.4% |
| Taxes, remuneration and social security | 45 | €11,655 | €16,347 | +€4,692 | +40.3% |
| Taxes | 450/3 | €11,655 | €16,347 | +€4,692 | +40.3% |
| Other amounts payable | 47/48 | €391 | €391 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,439 | €2,897 | +€458 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,791 | €9,681 | -€111 | -1.1% |
| Other operating charges | 640/8 | €3,506 | €3,637 | +€131 | +3.7% |
| Gross operating margin | 9900 | €110,833 | €195,106 | +€84,273 | +76.0% |
| Operating profit (loss) | 9901 | €97,536 | €181,788 | +€84,252 | +86.4% |
| Financial income | 75/76B | €6,845 | €4,928 | -€1,917 | -28.0% |
| Recurring financial income | 75 | €6,845 | €4,928 | -€1,917 | -28.0% |
| Financial charges | 65/66B | €3,819 | €2,798 | -€1,021 | -26.7% |
| Recurring financial charges | 65 | €3,819 | €2,798 | -€1,021 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €100,562 | €183,918 | +€83,356 | +82.9% |
| Income taxes | 67/77 | €27,483 | €54,100 | +€26,617 | +96.8% |
| Profit (loss) for the period | 9904 | €73,080 | €129,819 | +€56,739 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,080 | €129,819 | +€56,739 | +77.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.