SERINA: 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.
SERINA
Largest movements
- Cash -€5,166
down €5,166 (-95.1%), from €5,430 to €263
mainly Other debts (-€4,826) and Tax, wage and social debts (-€2,230)
- Receivables within one year +€2,192
up €2,192 (+129%), from €1,700 to €3,892
- Tangible fixed assets -€2,064
down €2,064 (-20.0%), from €10,320 to €8,256
- Stocks and contracts +€455
up €455 (+12.5%), from €3,655 to €4,110
- Other debts -€4,826
no longer reported in 2025 (was €4,826)
- Profit (loss) carried forward +€3,718
up €3,718 (+67.8%), from -€5,481 to -€1,762
- Tax, wage and social debts -€2,230
down €2,230 (-99.7%), from €2,237 to €7
of which Taxes: -€1,250
- Trade debts -€1,246
down €1,246 (-56.1%), from €2,221 to €976
- Staff costs -€15,959
down €15,959 (-90.5%), from €17,640 to €1,681
- Gross operating margin -€10,473
down €10,473 (-60.0%), from €17,457 to €6,985
- Financial income +€1,147
up €1,147 (+310,119%), from €0 to €1,148
- Other operating charges -€628
down €628 (-60.1%), from €1,045 to €418
- Financial charges -€498
down €498 (-66.4%), from €749 to €252
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 | €23,805 | €19,221 | -€4,584 | -19.3% |
| Fixed assets | 21/28 | €13,020 | €10,956 | -€2,064 | -15.9% |
| Tangible fixed assets | 22/27 | €10,320 | €8,256 | -€2,064 | -20.0% |
| Land and buildings | 22 | €7,945 | €7,031 | -€914 | -11.5% |
| Plant, machinery and equipment | 23 | €1,500 | €1,100 | -€400 | -26.7% |
| Furniture and vehicles | 24 | €875 | €125 | -€750 | -85.7% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €10,785 | €8,265 | -€2,519 | -23.4% |
| Stocks and contracts in progress | 3 | €3,655 | €4,110 | +€455 | +12.5% |
| Stocks | 30/36 | €3,655 | €4,110 | +€455 | +12.5% |
| Amounts receivable within one year | 40/41 | €1,700 | €3,892 | +€2,192 | +129% |
| Other amounts receivable | 41 | €1,700 | €3,892 | +€2,192 | +129% |
| Cash at bank and in hand | 54/58 | €5,430 | €263 | -€5,166 | -95.1% |
| Total equity and liabilities | 10/49 | €23,805 | €19,221 | -€4,584 | -19.3% |
| Equity | 10/15 | €14,519 | €18,238 | +€3,718 | +25.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,481 | -€1,762 | +€3,718 | +67.8% |
| Amounts payable | 17/49 | €9,285 | €983 | -€8,302 | -89.4% |
| Amounts payable within one year | 42/48 | €9,285 | €983 | -€8,302 | -89.4% |
| Trade debts | 44 | €2,221 | €976 | -€1,246 | -56.1% |
| Suppliers | 440/4 | €2,221 | €976 | -€1,246 | -56.1% |
| Taxes, remuneration and social security | 45 | €2,237 | €7 | -€2,230 | -99.7% |
| Taxes | 450/3 | €1,250 | - | -€1,250 | |
| Remuneration and social security | 454/9 | €987 | €7 | -€980 | -99.3% |
| Other amounts payable | 47/48 | €4,826 | - | -€4,826 | |
| Remuneration, social security and pensions | 62 | €17,640 | €1,681 | -€15,959 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,322 | €2,064 | -€257 | -11.1% |
| Other operating charges | 640/8 | €1,045 | €418 | -€628 | -60.1% |
| Non-recurring operating charges | 66A | €1,182 | - | -€1,182 | |
| Gross operating margin | 9900 | €17,457 | €6,985 | -€10,473 | -60.0% |
| Operating profit (loss) | 9901 | -€4,732 | €2,822 | +€7,554 | |
| Financial income | 75/76B | €0 | €1,148 | +€1,147 | +310,119% |
| Recurring financial income | 75 | €0 | €1,148 | +€1,147 | +310,119% |
| Financial charges | 65/66B | €749 | €252 | -€498 | -66.4% |
| Recurring financial charges | 65 | €749 | €252 | -€498 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,481 | €3,718 | +€9,199 | |
| Profit (loss) for the period | 9904 | -€5,481 | €3,718 | +€9,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,481 | €3,718 | +€9,199 |
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.