SERULA: what changed
Two financial 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.
SERULA
Largest movements
- Cash -€20,073
down €20,073 (-93.6%), from €21,445 to €1,372
mainly Receivables within one year (-€12,533) and Net result for the year (-€8,011)
- Receivables within one year +€12,533
up €12,533 (+5.4%), from €231,055 to €243,587
of which Other amounts receivable: +€12,533
- Profit (loss) carried forward -€8,011
down €8,011 (-10.7%), from €74,901 to €66,890
- Financial charges -€4,542
down €4,542 (-97.2%), from €4,674 to €132
- Gross operating margin +€3,027
up €3,027 (+28.9%), from -€10,463 to -€7,436
- Other operating charges -€1,030
down €1,030 (-68.9%), from €1,496 to €465
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,500 | €244,959 | -€7,541 | -3.0% |
| Current assets | 29/58 | €252,500 | €244,959 | -€7,541 | -3.0% |
| Amounts receivable within one year | 40/41 | €231,055 | €243,587 | +€12,533 | +5.4% |
| Trade receivables | 40 | €39,555 | €39,555 | = | 0.0% |
| Other amounts receivable | 41 | €191,500 | €204,033 | +€12,533 | +6.5% |
| Cash at bank and in hand | 54/58 | €21,445 | €1,372 | -€20,073 | -93.6% |
| Total equity and liabilities | 10/49 | €252,500 | €244,959 | -€7,541 | -3.0% |
| Equity | 10/15 | €224,901 | €216,890 | -€8,011 | -3.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,901 | €66,890 | -€8,011 | -10.7% |
| Amounts payable | 17/49 | €27,599 | €28,070 | +€471 | +1.7% |
| Amounts payable within one year | 42/48 | €27,599 | €28,070 | +€471 | +1.7% |
| Trade debts | 44 | €18,419 | €18,985 | +€566 | +3.1% |
| Suppliers | 440/4 | €18,419 | €18,985 | +€566 | +3.1% |
| Other amounts payable | 47/48 | €9,180 | €9,085 | -€95 | -1.0% |
| Other operating charges | 640/8 | €1,496 | €465 | -€1,030 | -68.9% |
| Gross operating margin | 9900 | -€10,463 | -€7,436 | +€3,027 | +28.9% |
| Operating profit (loss) | 9901 | -€11,959 | -€7,901 | +€4,058 | +33.9% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €4,674 | €132 | -€4,542 | -97.2% |
| Recurring financial charges | 65 | €4,674 | €132 | -€4,542 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,633 | -€8,011 | +€8,621 | +51.8% |
| Profit (loss) for the period | 9904 | -€16,633 | -€8,011 | +€8,621 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,633 | -€8,011 | +€8,621 | +51.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.