SERTER: 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.
SERTER
Largest movements
- Receivables within one year -€1,450
down €1,450 (-85.1%), from €1,704 to €254
of which Trade receivables: -€1,549
- Cash -€145
down €145 (-83.7%), from €173 to €28
mainly Net result for the year (-€1,108) and Trade debts (-€1,022)
- Profit (loss) carried forward -€1,107
down €1,107 (-22.9%), from -€4,843 to -€5,950
- Trade debts -€1,022
down €1,022 (-79.9%), from €1,279 to €257
- Other debts +€535
up €535 (+15.6%), from €3,441 to €3,976
- Gross operating margin -€1,408
down €1,408, from €572 to -€836
- Other operating charges -€376
down €376 (-72.8%), from €516 to €141
- Financial charges -€36
down €36 (-21.7%), from €167 to €131
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 | €1,877 | €282 | -€1,595 | -85.0% |
| Current assets | 29/58 | €1,877 | €282 | -€1,595 | -85.0% |
| Amounts receivable within one year | 40/41 | €1,704 | €254 | -€1,450 | -85.1% |
| Trade receivables | 40 | €1,549 | - | -€1,549 | |
| Other amounts receivable | 41 | €155 | €254 | +€99 | +64.0% |
| Cash at bank and in hand | 54/58 | €173 | €28 | -€145 | -83.7% |
| Total equity and liabilities | 10/49 | €1,877 | €282 | -€1,595 | -85.0% |
| Equity | 10/15 | -€2,843 | -€3,950 | -€1,107 | -39.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,843 | -€5,950 | -€1,107 | -22.9% |
| Amounts payable | 17/49 | €4,720 | €4,233 | -€487 | -10.3% |
| Amounts payable within one year | 42/48 | €4,720 | €4,233 | -€487 | -10.3% |
| Trade debts | 44 | €1,279 | €257 | -€1,022 | -79.9% |
| Suppliers | 440/4 | €1,279 | €257 | -€1,022 | -79.9% |
| Other amounts payable | 47/48 | €3,441 | €3,976 | +€535 | +15.6% |
| Other operating charges | 640/8 | €516 | €141 | -€376 | -72.8% |
| Gross operating margin | 9900 | €572 | -€836 | -€1,408 | |
| Operating profit (loss) | 9901 | €56 | -€977 | -€1,033 | |
| Financial charges | 65/66B | €167 | €131 | -€36 | -21.7% |
| Recurring financial charges | 65 | €167 | €131 | -€36 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€111 | -€1,108 | -€997 | -897.9% |
| Profit (loss) for the period | 9904 | -€111 | -€1,108 | -€997 | -897.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€111 | -€1,108 | -€997 | -897.9% |
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 9 October 2026 via checked.be.