SERTOCOM: 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.
SERTOCOM
Largest movements
- Receivables within one year -€38,603
down €38,603 (-56.5%), from €68,358 to €29,756
- Cash +€10,819
up €10,819 (+69.8%), from €15,497 to €26,316
mainly Receivables within one year (+€38,603) and Tax, wage and social debts (+€2,279)
- Deferred charges and accrued income +€5,235
up €5,235 (+887.3%), from €590 to €5,825
- Tangible fixed assets -€1,102
down €1,102 (-78.1%), from €1,412 to €310
- Trade debts -€19,307
down €19,307 (-80.3%), from €24,041 to €4,734
- Profit (loss) carried forward -€5,943
new in 2025: -€5,943
- Tax, wage and social debts +€2,279
up €2,279 (+101.1%), from €2,253 to €4,532
- Gross operating margin -€14,316
down €14,316, from €10,553 to -€3,763
- Taxes -€2,139
down €2,139 (-100.0%), from €2,139 to €0
- Depreciation -€264
down €264 (-19.3%), from €1,366 to €1,102
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 | €86,420 | €62,769 | -€23,651 | -27.4% |
| Fixed assets | 21/28 | €1,412 | €310 | -€1,102 | -78.1% |
| Tangible fixed assets | 22/27 | €1,412 | €310 | -€1,102 | -78.1% |
| Furniture and vehicles | 24 | €1,412 | €310 | -€1,102 | -78.1% |
| Current assets | 29/58 | €85,008 | €62,460 | -€22,548 | -26.5% |
| Stocks and contracts in progress | 3 | €563 | €563 | = | 0.0% |
| Stocks | 30/36 | €563 | €563 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,358 | €29,756 | -€38,603 | -56.5% |
| Trade receivables | 40 | €68,358 | €29,756 | -€38,603 | -56.5% |
| Cash at bank and in hand | 54/58 | €15,497 | €26,316 | +€10,819 | +69.8% |
| Deferred charges and accrued income | 490/1 | €590 | €5,825 | +€5,235 | +887.3% |
| Total equity and liabilities | 10/49 | €86,420 | €62,769 | -€23,651 | -27.4% |
| Equity | 10/15 | €40,672 | €34,729 | -€5,943 | -14.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €22,122 | €22,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,122 | €22,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,943 | -€5,943 | |
| Amounts payable | 17/49 | €45,748 | €28,040 | -€17,708 | -38.7% |
| Amounts payable within one year | 42/48 | €45,158 | €27,294 | -€17,864 | -39.6% |
| Trade debts | 44 | €24,041 | €4,734 | -€19,307 | -80.3% |
| Suppliers | 440/4 | €24,041 | €4,734 | -€19,307 | -80.3% |
| Taxes, remuneration and social security | 45 | €2,253 | €4,532 | +€2,279 | +101.1% |
| Taxes | 450/3 | €2,253 | €4,532 | +€2,279 | +101.1% |
| Other amounts payable | 47/48 | €18,864 | €18,029 | -€835 | -4.4% |
| Accrued charges and deferred income | 492/3 | €590 | €746 | +€156 | +26.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,366 | €1,102 | -€264 | -19.3% |
| Other operating charges | 640/8 | €973 | €870 | -€103 | -10.5% |
| Gross operating margin | 9900 | €10,553 | -€3,763 | -€14,316 | |
| Operating profit (loss) | 9901 | €8,214 | -€5,736 | -€13,949 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €200 | €207 | +€7 | +3.6% |
| Recurring financial charges | 65 | €200 | €207 | +€7 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €8,014 | -€5,943 | -€13,957 | |
| Income taxes | 67/77 | €2,139 | €0 | -€2,139 | -100.0% |
| Profit (loss) for the period | 9904 | €5,875 | -€5,943 | -€11,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,875 | -€5,943 | -€11,818 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.