SEROKAN: 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.
SEROKAN
Largest movements
- Tangible fixed assets -€13,742
down €13,742 (-38.7%), from €35,540 to €21,798
- Receivables within one year +€7,829
up €7,829 (+36.2%), from €21,605 to €29,435
of which Trade receivables: +€9,769
- Cash -€3,679
down €3,679 (-51.7%), from €7,114 to €3,435
mainly Debts after one year (-€11,536) and Receivables within one year (-€7,829)
- Debts after one year -€11,536
down €11,536 (-56.4%), from €20,452 to €8,916
- Profit (loss) carried forward +€2,910
up €2,910, from -€1,214 to €1,696
- Tax, wage and social debts -€1,295
down €1,295 (-22.9%), from €5,647 to €4,351
of which Remuneration and social security: -€1,978
- Staff costs -€21,759
down €21,759 (-99.4%), from €21,893 to €134
- Gross operating margin -€19,252
down €19,252 (-47.3%), from €40,695 to €21,443
- Depreciation -€2,839
down €2,839 (-17.1%), from €16,581 to €13,742
- Taxes +€1,010
up €1,010, from -€763 to €247
- Financial charges -€996
down €996 (-36.7%), from €2,713 to €1,717
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,022 | €57,520 | -€9,502 | -14.2% |
| Fixed assets | 21/28 | €37,490 | €23,748 | -€13,742 | -36.7% |
| Tangible fixed assets | 22/27 | €35,540 | €21,798 | -€13,742 | -38.7% |
| Furniture and vehicles | 24 | €35,540 | €21,798 | -€13,742 | -38.7% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €29,532 | €33,771 | +€4,240 | +14.4% |
| Amounts receivable within one year | 40/41 | €21,605 | €29,435 | +€7,829 | +36.2% |
| Trade receivables | 40 | €10,028 | €19,797 | +€9,769 | +97.4% |
| Other amounts receivable | 41 | €11,577 | €9,638 | -€1,940 | -16.8% |
| Cash at bank and in hand | 54/58 | €7,114 | €3,435 | -€3,679 | -51.7% |
| Deferred charges and accrued income | 490/1 | €812 | €902 | +€90 | +11.1% |
| Total equity and liabilities | 10/49 | €67,022 | €57,520 | -€9,502 | -14.2% |
| Equity | 10/15 | €27,246 | €30,156 | +€2,910 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,860 | €9,860 | = | 0.0% |
| Distributable reserves | 133 | €9,860 | €9,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,214 | €1,696 | +€2,910 | |
| Amounts payable | 17/49 | €39,776 | €27,363 | -€12,412 | -31.2% |
| Amounts payable after more than one year | 17 | €20,452 | €8,916 | -€11,536 | -56.4% |
| Financial debts | 170/4 | €20,452 | €8,916 | -€11,536 | -56.4% |
| Amounts payable within one year | 42/48 | €19,324 | €18,447 | -€877 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €11,145 | €11,536 | +€391 | +3.5% |
| Trade debts | 44 | €2,532 | €2,560 | +€28 | +1.1% |
| Suppliers | 440/4 | €2,532 | €2,560 | +€28 | +1.1% |
| Taxes, remuneration and social security | 45 | €5,647 | €4,351 | -€1,295 | -22.9% |
| Taxes | 450/3 | €3,668 | €4,351 | +€683 | +18.6% |
| Remuneration and social security | 454/9 | €1,978 | - | -€1,978 | |
| Non-recurring operating income | 76A | €11,763 | - | -€11,763 | |
| Remuneration, social security and pensions | 62 | €21,893 | €134 | -€21,759 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,581 | €13,742 | -€2,839 | -17.1% |
| Other operating charges | 640/8 | €4,260 | €3,484 | -€776 | -18.2% |
| Non-recurring operating charges | 66A | €7,496 | - | -€7,496 | |
| Gross operating margin | 9900 | €40,695 | €21,443 | -€19,252 | -47.3% |
| Operating profit (loss) | 9901 | -€9,536 | €4,082 | +€13,618 | |
| Financial income | 75/76B | €317 | €792 | +€475 | +150% |
| Recurring financial income | 75 | €317 | €792 | +€475 | +150% |
| Financial charges | 65/66B | €2,713 | €1,717 | -€996 | -36.7% |
| Recurring financial charges | 65 | €2,713 | €1,717 | -€996 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,933 | €3,157 | +€15,090 | |
| Income taxes | 67/77 | -€763 | €247 | +€1,010 | |
| Profit (loss) for the period | 9904 | -€11,170 | €2,910 | +€14,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,170 | €2,910 | +€14,080 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.