SERTKAYA CONSULTING: what changed
SERTKAYA CONSULTING
Largest movements
- Receivables within one year +€100,541
up €100,541 (+203%), from €49,488 to €150,029
of which Other amounts receivable: +€99,122
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€3,976
down €3,976 (-86.1%), from €4,620 to €644
mainly Receivables within one year (-€100,541)
- Profit (loss) carried forward +€39,054
up €39,054 (+52.5%), from €74,403 to €113,457
- Trade debts +€5,044
up €5,044 (+444%), from €1,137 to €6,181
- Tax, wage and social debts +€2,315
up €2,315 (+8.5%), from €27,367 to €29,682
- Taxes +€4,330
up €4,330 (+35.4%), from €12,232 to €16,562
- Gross operating margin +€3,627
up €3,627 (+7.4%), from €48,693 to €52,321
- Financial charges -€3,391
down €3,391 (-78.1%), from €4,341 to €950
- Financial income +€1,839
up €1,839 (+60.0%), from €3,063 to €4,902
- Other operating charges -€618
down €618 (-55.1%), from €1,123 to €504
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,407 | €150,820 | +€46,413 | +44.5% |
| Fixed assets | 21/28 | €299 | €147 | -€152 | -50.8% |
| Tangible fixed assets | 22/27 | €299 | €147 | -€152 | -50.8% |
| Furniture and vehicles | 24 | €299 | €147 | -€152 | -50.8% |
| Current assets | 29/58 | €104,108 | €150,673 | +€46,565 | +44.7% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €49,488 | €150,029 | +€100,541 | +203% |
| Trade receivables | 40 | €10,892 | €12,311 | +€1,419 | +13.0% |
| Other amounts receivable | 41 | €38,596 | €137,718 | +€99,122 | +257% |
| Cash at bank and in hand | 54/58 | €4,620 | €644 | -€3,976 | -86.1% |
| Total equity and liabilities | 10/49 | €104,407 | €150,820 | +€46,413 | +44.5% |
| Equity | 10/15 | €75,903 | €114,957 | +€39,054 | +51.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,403 | €113,457 | +€39,054 | +52.5% |
| Amounts payable | 17/49 | €28,504 | €35,863 | +€7,359 | +25.8% |
| Amounts payable within one year | 42/48 | €28,504 | €35,863 | +€7,359 | +25.8% |
| Trade debts | 44 | €1,137 | €6,181 | +€5,044 | +444% |
| Suppliers | 440/4 | €1,137 | €6,181 | +€5,044 | +444% |
| Taxes, remuneration and social security | 45 | €27,367 | €29,682 | +€2,315 | +8.5% |
| Taxes | 450/3 | €27,367 | €29,682 | +€2,315 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €152 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,123 | €504 | -€618 | -55.1% |
| Gross operating margin | 9900 | €48,693 | €52,321 | +€3,627 | +7.4% |
| Operating profit (loss) | 9901 | €47,419 | €51,664 | +€4,245 | +9.0% |
| Financial income | 75/76B | €3,063 | €4,902 | +€1,839 | +60.0% |
| Recurring financial income | 75 | €3,063 | €4,902 | +€1,839 | +60.0% |
| Financial charges | 65/66B | €4,341 | €950 | -€3,391 | -78.1% |
| Recurring financial charges | 65 | €4,341 | €950 | -€3,391 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €46,141 | €55,616 | +€9,475 | +20.5% |
| Income taxes | 67/77 | €12,232 | €16,562 | +€4,330 | +35.4% |
| Profit (loss) for the period | 9904 | €33,909 | €39,054 | +€5,145 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,909 | €39,054 | +€5,145 | +15.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.