Sersan: 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.
Sersan
Largest movements
- Cash +€48,428
up €48,428 (+586.3%), from €8,260 to €56,688
mainly Receivables within one year (+€30,315) and Net result for the year (+€24,475)
- Receivables within one year -€30,315
down €30,315 (-75.0%), from €40,429 to €10,114
of which Other amounts receivable: -€21,246
- Tangible fixed assets -€4,913
down €4,913 (-17.7%), from €27,759 to €22,847
of which Plant, machinery and equipment: -€6,464
- Deferred charges and accrued income +€2,780
up €2,780 (+155.0%), from €1,794 to €4,574
- Stocks and contracts -€975
down €975 (-24.9%), from €3,909 to €2,934
- Profit (loss) carried forward +€24,475
up €24,475 (+66.2%), from €36,953 to €61,428
- Trade debts -€15,648
down €15,648 (-45.9%), from €34,100 to €18,452
- Tax, wage and social debts +€6,148
up €6,148 (+76.3%), from €8,052 to €14,199
- Gross operating margin -€3,699
down €3,699 (-8.7%), from €42,565 to €38,866
- Depreciation +€1,946
up €1,946 (+42.7%), from €4,561 to €6,508
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,151 | €97,156 | +€15,005 | +18.3% |
| Fixed assets | 21/28 | €27,759 | €22,847 | -€4,913 | -17.7% |
| Tangible fixed assets | 22/27 | €27,759 | €22,847 | -€4,913 | -17.7% |
| Plant, machinery and equipment | 23 | €27,759 | €21,295 | -€6,464 | -23.3% |
| Other tangible fixed assets | 26 | - | €1,551 | +€1,551 | |
| Current assets | 29/58 | €54,392 | €74,309 | +€19,917 | +36.6% |
| Stocks and contracts in progress | 3 | €3,909 | €2,934 | -€975 | -24.9% |
| Stocks | 30/36 | €3,909 | €2,934 | -€975 | -24.9% |
| Amounts receivable within one year | 40/41 | €40,429 | €10,114 | -€30,315 | -75.0% |
| Trade receivables | 40 | €13,138 | €4,069 | -€9,069 | -69.0% |
| Other amounts receivable | 41 | €27,291 | €6,045 | -€21,246 | -77.9% |
| Cash at bank and in hand | 54/58 | €8,260 | €56,688 | +€48,428 | +586.3% |
| Deferred charges and accrued income | 490/1 | €1,794 | €4,574 | +€2,780 | +155.0% |
| Total equity and liabilities | 10/49 | €82,151 | €97,156 | +€15,005 | +18.3% |
| Equity | 10/15 | €39,953 | €64,428 | +€24,475 | +61.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,953 | €61,428 | +€24,475 | +66.2% |
| Amounts payable | 17/49 | €42,198 | €32,728 | -€9,470 | -22.4% |
| Amounts payable within one year | 42/48 | €42,152 | €32,652 | -€9,500 | -22.5% |
| Trade debts | 44 | €34,100 | €18,452 | -€15,648 | -45.9% |
| Suppliers | 440/4 | €34,100 | €18,452 | -€15,648 | -45.9% |
| Taxes, remuneration and social security | 45 | €8,052 | €14,199 | +€6,148 | +76.3% |
| Taxes | 450/3 | €8,052 | €14,199 | +€6,148 | +76.3% |
| Accrued charges and deferred income | 492/3 | €46 | €76 | +€30 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,561 | €6,508 | +€1,946 | +42.7% |
| Other operating charges | 640/8 | €198 | €443 | +€245 | +124.0% |
| Gross operating margin | 9900 | €42,565 | €38,866 | -€3,699 | -8.7% |
| Operating profit (loss) | 9901 | €37,806 | €31,915 | -€5,891 | -15.6% |
| Financial income | 75/76B | €4 | €0 | -€3 | -93.8% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -93.8% |
| Financial charges | 65/66B | €330 | €220 | -€111 | -33.5% |
| Recurring financial charges | 65 | €330 | €220 | -€111 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €37,479 | €31,696 | -€5,784 | -15.4% |
| Income taxes | 67/77 | €6,979 | €7,221 | +€242 | +3.5% |
| Profit (loss) for the period | 9904 | €30,501 | €24,475 | -€6,026 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,501 | €24,475 | -€6,026 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.