Serk: what changed
Serk
Largest movements
- Cash -€17,027
down €17,027 (-72.4%), from €23,503 to €6,476
mainly Tax, wage and social debts (-€15,323) and Net result for the year (-€4,848)
- Deferred charges and accrued income +€4,818
up €4,818 (+1,723%), from €280 to €5,097
- Tangible fixed assets -€1,072
down €1,072 (-32.2%), from €3,326 to €2,255
of which Furniture and vehicles: -€652
- Receivables within one year -€917
down €917 (-4.7%), from €19,543 to €18,626
of which Other amounts receivable: -€3,819
- Tax, wage and social debts -€15,323
down €15,323 (-92.8%), from €16,518 to €1,195
of which Taxes: -€8,390
- Other debts +€7,878
up €7,878 (+158%), from €4,980 to €12,858
- Profit (loss) carried forward -€4,848
down €4,848 (-54.4%), from €8,910 to €4,061
- Trade debts -€1,905
down €1,905 (-12.5%), from €15,204 to €13,299
- Gross operating margin -€49,316
down €49,316 (-75.6%), from €65,227 to €15,912
- Staff costs -€46,675
down €46,675 (-72.6%), from €64,278 to €17,603
- Other operating charges -€4,883
down €4,883 (-81.5%), from €5,990 to €1,107
- Depreciation +€998
up €998 (+1,356%), from €74 to €1,072
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,212 | €50,013 | -€14,198 | -22.1% |
| Fixed assets | 21/28 | €20,886 | €19,815 | -€1,072 | -5.1% |
| Tangible fixed assets | 22/27 | €3,326 | €2,255 | -€1,072 | -32.2% |
| Plant, machinery and equipment | 23 | €1,263 | €843 | -€420 | -33.2% |
| Furniture and vehicles | 24 | €2,064 | €1,411 | -€652 | -31.6% |
| Financial fixed assets | 28 | €17,560 | €17,560 | = | 0.0% |
| Current assets | 29/58 | €43,325 | €30,199 | -€13,127 | -30.3% |
| Amounts receivable within one year | 40/41 | €19,543 | €18,626 | -€917 | -4.7% |
| Trade receivables | 40 | €9,466 | €12,368 | +€2,901 | +30.6% |
| Other amounts receivable | 41 | €10,077 | €6,258 | -€3,819 | -37.9% |
| Cash at bank and in hand | 54/58 | €23,503 | €6,476 | -€17,027 | -72.4% |
| Deferred charges and accrued income | 490/1 | €280 | €5,097 | +€4,818 | +1,723% |
| Total equity and liabilities | 10/49 | €64,212 | €50,013 | -€14,198 | -22.1% |
| Equity | 10/15 | €27,510 | €22,661 | -€4,848 | -17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,910 | €4,061 | -€4,848 | -54.4% |
| Amounts payable | 17/49 | €36,702 | €27,352 | -€9,350 | -25.5% |
| Amounts payable within one year | 42/48 | €36,702 | €27,352 | -€9,350 | -25.5% |
| Trade debts | 44 | €15,204 | €13,299 | -€1,905 | -12.5% |
| Suppliers | 440/4 | €15,204 | €13,299 | -€1,905 | -12.5% |
| Taxes, remuneration and social security | 45 | €16,518 | €1,195 | -€15,323 | -92.8% |
| Taxes | 450/3 | €8,390 | - | -€8,390 | |
| Remuneration and social security | 454/9 | €8,128 | €1,195 | -€6,933 | -85.3% |
| Other amounts payable | 47/48 | €4,980 | €12,858 | +€7,878 | +158% |
| Remuneration, social security and pensions | 62 | €64,278 | €17,603 | -€46,675 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €1,072 | +€998 | +1,356% |
| Other operating charges | 640/8 | €5,990 | €1,107 | -€4,883 | -81.5% |
| Gross operating margin | 9900 | €65,227 | €15,912 | -€49,316 | -75.6% |
| Operating profit (loss) | 9901 | -€5,114 | -€3,870 | +€1,244 | +24.3% |
| Financial charges | 65/66B | €360 | €978 | +€619 | +172% |
| Recurring financial charges | 65 | €360 | €978 | +€619 | +172% |
| Profit (loss) for the period before taxes | 9903 | -€5,474 | -€4,848 | +€625 | +11.4% |
| Income taxes | 67/77 | -€32 | - | +€32 | |
| Profit (loss) for the period | 9904 | -€5,442 | -€4,848 | +€593 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,442 | -€4,848 | +€593 | +10.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.