Sertrans Solutions: 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.
Sertrans Solutions
Largest movements
- Tangible fixed assets -€7,800
down €7,800 (-3.3%), from €235,300 to €227,500
- Debts after one year -€12,105
down €12,105 (-7.5%), from €162,275 to €150,170
- Trade debts -€7,136
down €7,136 (-67.1%), from €10,631 to €3,494
- Other debts +€7,054
up €7,054 (+39.3%), from €17,967 to €25,021
- Reserves +€5,466
up €5,466 (+40.1%), from €13,619 to €19,085
of which Distributable reserves: +€5,466
- Gross operating margin +€10,821
up €10,821 (+53.1%), from €20,377 to €31,199
- Taxes +€2,505
up €2,505 (+494.9%), from €506 to €3,011
- Financial charges +€2,484
up €2,484 (+38.8%), from €6,396 to €8,880
- Other operating charges +€392
up €392 (+8.4%), from €4,687 to €5,078
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 | €241,800 | €235,843 | -€5,957 | -2.5% |
| Fixed assets | 21/28 | €235,300 | €227,500 | -€7,800 | -3.3% |
| Tangible fixed assets | 22/27 | €235,300 | €227,500 | -€7,800 | -3.3% |
| Land and buildings | 22 | €235,300 | €227,500 | -€7,800 | -3.3% |
| Current assets | 29/58 | €6,500 | €8,343 | +€1,843 | +28.3% |
| Amounts receivable within one year | 40/41 | €6,500 | €7,256 | +€756 | +11.6% |
| Trade receivables | 40 | €6,500 | €7,256 | +€756 | +11.6% |
| Cash at bank and in hand | 54/58 | - | €1,087 | +€1,087 | |
| Total equity and liabilities | 10/49 | €241,800 | €235,843 | -€5,957 | -2.5% |
| Equity | 10/15 | €33,619 | €39,085 | +€5,466 | +16.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,619 | €19,085 | +€5,466 | +40.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €11,619 | €17,085 | +€5,466 | +47.0% |
| Amounts payable | 17/49 | €208,181 | €196,758 | -€11,423 | -5.5% |
| Amounts payable after more than one year | 17 | €162,275 | €150,170 | -€12,105 | -7.5% |
| Financial debts | 170/4 | €162,275 | €150,170 | -€12,105 | -7.5% |
| Amounts payable within one year | 42/48 | €43,942 | €45,170 | +€1,228 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €12,394 | €12,105 | -€288 | -2.3% |
| Trade debts | 44 | €10,631 | €3,494 | -€7,136 | -67.1% |
| Suppliers | 440/4 | €10,631 | €3,494 | -€7,136 | -67.1% |
| Taxes, remuneration and social security | 45 | €2,951 | €4,549 | +€1,599 | +54.2% |
| Taxes | 450/3 | €2,951 | €4,549 | +€1,599 | +54.2% |
| Other amounts payable | 47/48 | €17,967 | €25,021 | +€7,054 | +39.3% |
| Accrued charges and deferred income | 492/3 | €1,964 | €1,418 | -€546 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,800 | €7,800 | = | 0.0% |
| Other operating charges | 640/8 | €4,687 | €5,078 | +€392 | +8.4% |
| Non-recurring operating charges | 66A | - | €963 | +€963 | |
| Gross operating margin | 9900 | €20,377 | €31,199 | +€10,821 | +53.1% |
| Operating profit (loss) | 9901 | €7,891 | €17,357 | +€9,466 | +120.0% |
| Financial charges | 65/66B | €6,396 | €8,880 | +€2,484 | +38.8% |
| Recurring financial charges | 65 | €6,396 | €8,880 | +€2,484 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €1,495 | €8,477 | +€6,982 | +467.1% |
| Income taxes | 67/77 | €506 | €3,011 | +€2,505 | +494.9% |
| Profit (loss) for the period | 9904 | €989 | €5,466 | +€4,477 | +452.9% |
| Profit (loss) for the period to be appropriated | 9905 | €989 | €5,466 | +€4,477 | +452.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.