|All Tournament Team: Enna Pehadzic (DEN), Carolina Bernadeco (POR), Snezana Bogicevic (SRB), Olga Yatskovets (UKR) and MVP Maria Kostourkova (POR)|
The Serbian team finished with a 9-0 record after shooting guard Snezana Bogicevic inspired them to victory over Portugal with a 15-point, 12-rebound performance.
It was a close contest as Maria Kostourkova paced the Portuguese with 22 points and 14 rebounds while her team-mate Chelsea Guimaraes had 14 and 10.
But from the moment in the third quarter when Jovana Nogic nailed a three to break a tie at 27, Serbia were in control and wouldn't let that go.
Bogicevic had further cause for celebration as she was named to the All Tournament Team alongside the Portuguese duo of Carolina Bernadeco and Kostourkova, who also snatched the MVP award, while Ukraine's Olga Yatskovets and Denmark's Enna Pehadzic completed the line-up.
Pehadzic also joined her Serbian and Portuguese counterparts in winning promotion to Division A after she propelled Denmark to a 76-67 win that sealed the third and final slot and forced Finland into fourth.
Pehadzic scored 24 points for the Danes, perhaps the most important two coming with the scores tied at 59 in the fourth, allowing her team to pull away.
Meanwhile Marta Wdowiuk converted on a three-point play to give Poland the lead late in their game with Israel. The Poles went on to win 56-52 and wrap up fifth place.
Rhianna-Mae Laing's late lay-up was the difference between England and Belarus, as the English took seventh by virtue of a 47-46 victory.
Slovenia snatched ninth from Luxembourg and Ukraine with a 79-53 win over tenth-placed Ukraine on Sunday.
Germany routed Romania 61-46 to take 12th with a 2-0 record in that mini-table as Switerland ended up in 13th.
And Ireland eased to a 65-45 success over winless Norway who propped up the competition behind Estonia in 16th.