Serunt: 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.
Serunt
Largest movements
- Cash -€47,734
down €47,734 (-78.6%), from €60,737 to €13,003
mainly Other debts (-€30,690) and Receivables within one year (-€12,993)
- Receivables within one year +€12,993
up €12,993 (+767.6%), from €1,693 to €14,686
of which Trade receivables: +€13,008
- Stocks and contracts +€1,722
up €1,722 (+4.8%), from €35,688 to €37,410
- Tangible fixed assets -€1,469
down €1,469 (-80.8%), from €1,819 to €350
- Other debts -€30,690
down €30,690 (-41.4%), from €74,069 to €43,379
- Tax, wage and social debts -€8,188
down €8,188 (-45.0%), from €18,188 to €10,000
- Profit (loss) carried forward +€5,335
up €5,335 (+146.4%), from €3,644 to €8,980
- Gross operating margin -€43,142
down €43,142 (-78.1%), from €55,222 to €12,081
- Taxes -€7,884
down €7,884 (-70.7%), from €11,156 to €3,273
- Depreciation -€4,308
down €4,308 (-74.6%), from €5,777 to €1,469
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 | €100,415 | €65,891 | -€34,524 | -34.4% |
| Fixed assets | 21/28 | €1,819 | €350 | -€1,469 | -80.8% |
| Tangible fixed assets | 22/27 | €1,819 | €350 | -€1,469 | -80.8% |
| Furniture and vehicles | 24 | €1,819 | €350 | -€1,469 | -80.8% |
| Current assets | 29/58 | €98,596 | €65,541 | -€33,055 | -33.5% |
| Stocks and contracts in progress | 3 | €35,688 | €37,410 | +€1,722 | +4.8% |
| Stocks | 30/36 | €35,688 | €37,410 | +€1,722 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,693 | €14,686 | +€12,993 | +767.6% |
| Trade receivables | 40 | €1,676 | €14,684 | +€13,008 | +776.2% |
| Other amounts receivable | 41 | €17 | €2 | -€15 | -88.1% |
| Cash at bank and in hand | 54/58 | €60,737 | €13,003 | -€47,734 | -78.6% |
| Deferred charges and accrued income | 490/1 | €478 | €442 | -€36 | -7.6% |
| Total equity and liabilities | 10/49 | €100,415 | €65,891 | -€34,524 | -34.4% |
| Equity | 10/15 | €6,644 | €11,980 | +€5,335 | +80.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,644 | €8,980 | +€5,335 | +146.4% |
| Amounts payable | 17/49 | €93,770 | €53,911 | -€39,860 | -42.5% |
| Amounts payable within one year | 42/48 | €93,770 | €53,911 | -€39,860 | -42.5% |
| Financial debts | 43 | €30 | €29 | -€1 | -3.3% |
| Credit institutions | 430/8 | €30 | €29 | -€1 | -3.3% |
| Trade debts | 44 | €1,484 | €504 | -€980 | -66.1% |
| Suppliers | 440/4 | €1,484 | €504 | -€980 | -66.1% |
| Taxes, remuneration and social security | 45 | €18,188 | €10,000 | -€8,188 | -45.0% |
| Taxes | 450/3 | €18,188 | €10,000 | -€8,188 | -45.0% |
| Other amounts payable | 47/48 | €74,069 | €43,379 | -€30,690 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,777 | €1,469 | -€4,308 | -74.6% |
| Other operating charges | 640/8 | €724 | €746 | +€23 | +3.1% |
| Gross operating margin | 9900 | €55,222 | €12,081 | -€43,142 | -78.1% |
| Operating profit (loss) | 9901 | €48,721 | €9,866 | -€38,856 | -79.8% |
| Financial income | 75/76B | €186 | €0 | -€186 | -100.0% |
| Recurring financial income | 75 | €186 | €0 | -€186 | -100.0% |
| Financial charges | 65/66B | €354 | €424 | +€71 | +20.1% |
| Recurring financial charges | 65 | €354 | €424 | +€71 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €48,554 | €9,441 | -€39,113 | -80.6% |
| Income taxes | 67/77 | €11,156 | €3,273 | -€7,884 | -70.7% |
| Profit (loss) for the period | 9904 | €37,397 | €6,168 | -€31,229 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,397 | €6,168 | -€31,229 | -83.5% |
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 3 October 2026 via checked.be.