Soeurs Serras: 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.
Soeurs Serras
Largest movements
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Tangible fixed assets -€28,066
down €28,066 (-5.5%), from €514,283 to €486,217
of which Land and buildings: -€16,008
- Cash -€14,999
down €14,999 (-10.0%), from €150,701 to €135,702
mainly Current investments (-€100,000) and Contributions, distributions and other (-€84,934)
- Reserves +€71,128
up €71,128 (+11.0%), from €644,087 to €715,216
of which Distributable reserves: +€71,128
- Debts after one year -€18,460
down €18,460 (-17.6%), from €105,042 to €86,582
- Tax, wage and social debts +€9,466
up €9,466 (+122%), from €7,767 to €17,233
of which Taxes: +€9,466
- Depreciation -€21,183
down €21,183 (-43.0%), from €49,249 to €28,066
- Taxes +€10,209
up €10,209 (+17.8%), from €57,245 to €67,454
- Gross operating margin +€9,752
up €9,752 (+4.0%), from €242,265 to €252,017
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.
Derived cash bridge
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 | €795,246 | €857,435 | +€62,188 | +7.8% |
| Fixed assets | 21/28 | €514,283 | €486,217 | -€28,066 | -5.5% |
| Tangible fixed assets | 22/27 | €514,283 | €486,217 | -€28,066 | -5.5% |
| Land and buildings | 22 | €489,459 | €473,451 | -€16,008 | -3.3% |
| Furniture and vehicles | 24 | €24,824 | €12,766 | -€12,058 | -48.6% |
| Current assets | 29/58 | €280,963 | €371,218 | +€90,254 | +32.1% |
| Amounts receivable within one year | 40/41 | €27,020 | €28,226 | +€1,206 | +4.5% |
| Trade receivables | 40 | €26,711 | €27,830 | +€1,119 | +4.2% |
| Other amounts receivable | 41 | €309 | €396 | +€86 | +27.9% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €150,701 | €135,702 | -€14,999 | -10.0% |
| Deferred charges and accrued income | 490/1 | €3,242 | €7,290 | +€4,048 | +125% |
| Total equity and liabilities | 10/49 | €795,246 | €857,435 | +€62,188 | +7.8% |
| Equity | 10/15 | €656,487 | €727,616 | +€71,128 | +10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €644,087 | €715,216 | +€71,128 | +11.0% |
| Tax-exempt reserves | 132 | €144 | €144 | = | 0.0% |
| Distributable reserves | 133 | €643,943 | €715,072 | +€71,128 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,759 | €129,819 | -€8,940 | -6.4% |
| Amounts payable after more than one year | 17 | €105,042 | €86,582 | -€18,460 | -17.6% |
| Financial debts | 170/4 | €105,042 | €86,582 | -€18,460 | -17.6% |
| Amounts payable within one year | 42/48 | €31,907 | €41,524 | +€9,617 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €18,185 | €18,460 | +€275 | +1.5% |
| Trade debts | 44 | €4,670 | €5,420 | +€750 | +16.1% |
| Suppliers | 440/4 | €4,670 | €5,420 | +€750 | +16.1% |
| Taxes, remuneration and social security | 45 | €7,767 | €17,233 | +€9,466 | +122% |
| Taxes | 450/3 | €4,764 | €14,231 | +€9,466 | +199% |
| Remuneration and social security | 454/9 | €3,002 | €3,002 | = | 0.0% |
| Other amounts payable | 47/48 | €1,285 | €411 | -€874 | -68.0% |
| Accrued charges and deferred income | 492/3 | €1,810 | €1,713 | -€97 | -5.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,249 | €28,066 | -€21,183 | -43.0% |
| Other operating charges | 640/8 | €2,477 | €2,817 | +€341 | +13.7% |
| Gross operating margin | 9900 | €242,265 | €252,017 | +€9,752 | +4.0% |
| Operating profit (loss) | 9901 | €190,539 | €221,134 | +€30,595 | +16.1% |
| Financial income | 75/76B | €3,655 | €4,240 | +€585 | +16.0% |
| Recurring financial income | 75 | €3,655 | €4,240 | +€585 | +16.0% |
| Financial charges | 65/66B | €2,364 | €1,858 | -€506 | -21.4% |
| Recurring financial charges | 65 | €2,364 | €1,858 | -€506 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €191,830 | €223,516 | +€31,686 | +16.5% |
| Income taxes | 67/77 | €57,245 | €67,454 | +€10,209 | +17.8% |
| Profit (loss) for the period | 9904 | €134,585 | €156,062 | +€21,477 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,585 | €156,062 | +€21,477 | +16.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.