La Maison Sérésienne: what changed
What changed
La Maison Sérésienne
NACE 68.202, Real estate activities
filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €1.9m+€2.7m
Equity
€103.7m
2024 · €99.9m+€3.8m
Cash
€42.8m
2024 · €41.3m+€1.5m
Balance sheet total
€150.9m
2024 · €148.0m+€2.9m
Largest movements
Assets
- Tangible fixed assets +€16.9m
up €16.9m (+20.8%), from €81.4m to €98.3m
of which Assets under construction and advance payments: +€14.6m
- Receivables after one year -€15.0m
down €15.0m (-69.0%), from €21.8m to €6.7m
- Cash +€1.5m
up €1.5m (+3.7%), from €41.3m to €42.8m
mainly Receivables after one year (+€15.0m) and Net result for the year (+€4.6m)
Equity and liabilities
- Reserves +€4.6m
up €4.6m (+9.7%), from €47.3m to €51.9m
of which Non-distributable reserves: +€4.8m
- Provisions -€2.7m
down €2.7m (-47.3%), from €5.6m to €3.0m
of which Provisions for liabilities and charges: -€2.6m
Income statement
- Provisions -€2.6m
new in 2025: -€2.6m
- Turnover +€1.2m
up €1.2m (+7.7%), from €16.1m to €17.4m
- Staff costs +€245,140
up €245,140 (+5.7%), from €4.3m to €4.6m
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.
Result 2024
€1.9m
Turnover
+€1.2m
Other operating income
-€65,139
Goods and materials
-€18,932
Services and other goods
+€39,576
Staff costs
-€245,140
Depreciation
-€44,692
Write-downs
-€6,925
Provisions
+€2.6m
Other operating charges
-€77,701
Other operating items
-€796,436
Financial income
+€20,761
Financial charges
+€34,439
Taxes
-€11,454
Deferred taxes and other
+€290
Result 2025
€4.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€21.0m
Investment
-€19.6m
Financing
+€93,740
Cash 2024
€41.3m
From operations (derived)
+€21.0m
Net result for the year
+€4.6m
Depreciation
+€2.7m
Receivables after one year
+€15.0m
Smaller working-capital items
-€5,208
Receivables within one year
+€296,780
Deferred charges and accrued income
+€175,540
Provisions
-€2.7m
Trade debts
+€294,387
Tax, wage and social debts
+€299,642
Other debts
+€323,896
Investment (derived)
-€19.6m
Investment in fixed assets (net)
-€19.6m
Financing
+€93,740
Debts after one year
+€806,824
Current portion of long-term debt
+€99,506
Contributions, distributions and other
-€812,590
Cash 2025
€42.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,990,053 | €150,939,972 | +€2.9m | +2.0% |
| Fixed assets | 21/28 | €81,378,317 | €98,305,323 | +€16.9m | +20.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €81,368,800 | €98,269,473 | +€16.9m | +20.8% |
| Land and buildings | 22 | €71,095,591 | €73,368,492 | +€2.3m | +3.2% |
| Plant, machinery and equipment | 23 | €8,511 | €7,073 | -€1,438 | -16.9% |
| Furniture and vehicles | 24 | €74,022 | €103,596 | +€29,574 | +40.0% |
| Assets under construction and advance payments | 27 | €10,190,676 | €24,790,311 | +€14.6m | +143% |
| Financial fixed assets | 28 | €9,517 | €35,850 | +€26,333 | +277% |
| Other financial fixed assets | 284/8 | €9,517 | €35,850 | +€26,333 | +277% |
| Shares | 284 | €6,960 | €6,960 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,557 | €28,890 | +€26,333 | +1,030% |
| Current assets | 29/58 | €66,611,736 | €52,634,649 | -€14.0m | -21.0% |
| Amounts receivable after more than one year | 29 | €21,786,743 | €6,749,114 | -€15.0m | -69.0% |
| Other amounts receivable | 291 | €21,786,743 | €6,749,114 | -€15.0m | -69.0% |
| Stocks and contracts in progress | 3 | €14,887 | €31,374 | +€16,487 | +111% |
| Stocks | 30/36 | €14,887 | €31,374 | +€16,487 | +111% |
| Raw materials and consumables | 30/31 | €14,887 | €31,374 | +€16,487 | +111% |
| Amounts receivable within one year | 40/41 | €2,996,010 | €2,699,230 | -€296,780 | -9.9% |
| Trade receivables | 40 | €294,733 | €326,276 | +€31,543 | +10.7% |
| Other amounts receivable | 41 | €2,701,277 | €2,372,954 | -€328,323 | -12.2% |
| Cash at bank and in hand | 54/58 | €41,327,742 | €42,844,117 | +€1.5m | +3.7% |
| Deferred charges and accrued income | 490/1 | €486,354 | €310,813 | -€175,540 | -36.1% |
| Total equity and liabilities | 10/49 | €147,990,053 | €150,939,972 | +€2.9m | +2.0% |
| Equity | 10/15 | €99,929,721 | €103,714,455 | +€3.8m | +3.8% |
| Contributions | 10/11 | €33,940 | €33,940 | = | 0.0% |
| Reserves | 13 | €47,312,500 | €51,909,825 | +€4.6m | +9.7% |
| Non-distributable reserves | 130/1 | €37,170,130 | €41,977,868 | +€4.8m | +12.9% |
| Reserves not available under the articles | 1311 | €37,170,130 | €41,977,868 | +€4.8m | +12.9% |
| Tax-exempt reserves | 132 | €10,142,370 | €9,931,957 | -€210,414 | -2.1% |
| Investment grants | 15 | €52,583,280 | €51,770,690 | -€812,590 | -1.5% |
| Provisions and deferred taxes | 16 | €5,648,551 | €2,978,202 | -€2.7m | -47.3% |
| Provisions for liabilities and charges | 160/5 | €2,616,022 | - | -€2.6m | |
| Major repairs and maintenance | 162 | €2,616,022 | - | -€2.6m | |
| Deferred taxes | 168 | €3,032,529 | €2,978,202 | -€54,327 | -1.8% |
| Amounts payable | 17/49 | €42,411,782 | €44,247,315 | +€1.8m | +4.3% |
| Amounts payable after more than one year | 17 | €34,097,216 | €34,904,040 | +€806,824 | +2.4% |
| Financial debts | 170/4 | €34,097,216 | €34,904,040 | +€806,824 | +2.4% |
| Credit institutions | 173 | €34,097,216 | €34,904,040 | +€806,824 | +2.4% |
| Amounts payable within one year | 42/48 | €8,081,144 | €9,098,574 | +€1.0m | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €3,101,152 | €3,200,658 | +€99,506 | +3.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,452,139 | €2,746,526 | +€294,387 | +12.0% |
| Suppliers | 440/4 | €2,452,139 | €2,746,526 | +€294,387 | +12.0% |
| Taxes, remuneration and social security | 45 | €855,956 | €1,155,598 | +€299,642 | +35.0% |
| Taxes | 450/3 | €133,648 | €313,068 | +€179,420 | +134% |
| Remuneration and social security | 454/9 | €722,308 | €842,530 | +€120,222 | +16.6% |
| Other amounts payable | 47/48 | €1,671,896 | €1,995,792 | +€323,896 | +19.4% |
| Accrued charges and deferred income | 492/3 | €233,422 | €244,700 | +€11,278 | +4.8% |
| Operating income | 70/76A | €17,605,072 | €18,126,526 | +€521,454 | +3.0% |
| Turnover | 70 | €16,148,559 | €17,392,519 | +€1.2m | +7.7% |
| Own construction capitalised | 72 | - | €74,190 | +€74,190 | |
| Other operating income | 74 | €715,029 | €649,890 | -€65,139 | -9.1% |
| Non-recurring operating income | 76A | €741,484 | €9,926 | -€731,558 | -98.7% |
| Operating charges | 60/66A | €15,740,789 | €13,617,649 | -€2.1m | -13.5% |
| Goods for resale, raw materials and consumables | 60 | €30,683 | €49,616 | +€18,932 | +61.7% |
| Purchases | 600/8 | €24,854 | €66,102 | +€41,248 | +166% |
| Change in stocks: decrease (increase) | 609 | €5,829 | -€16,487 | -€22,316 | |
| Services and other goods | 61 | €6,833,275 | €6,793,699 | -€39,576 | -0.6% |
| Remuneration, social security and pensions | 62 | €4,327,016 | €4,572,156 | +€245,140 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,618,224 | €2,662,916 | +€44,692 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,974 | €8,899 | +€6,925 | +351% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€2,616,022 | -€2.6m | |
| Other operating charges | 640/8 | €1,710,040 | €1,787,741 | +€77,701 | +4.5% |
| Non-recurring operating charges | 66A | €219,577 | €358,645 | +€139,068 | +63.3% |
| Operating profit (loss) | 9901 | €1,864,284 | €4,508,877 | +€2.6m | +142% |
| Financial income | 75/76B | €1,032,524 | €1,053,285 | +€20,761 | +2.0% |
| Recurring financial income | 75 | €1,032,520 | €1,053,285 | +€20,766 | +2.0% |
| Income from current assets | 751 | €230,674 | €281,439 | +€50,764 | +22.0% |
| Other financial income | 752/9 | €801,845 | €771,847 | -€29,999 | -3.7% |
| Non-recurring financial income | 76B | €4 | - | -€4 | |
| Financial charges | 65/66B | €920,494 | €886,055 | -€34,439 | -3.7% |
| Recurring financial charges | 65 | €920,494 | €886,055 | -€34,439 | -3.7% |
| Debt charges | 650 | €920,092 | €885,551 | -€34,542 | -3.8% |
| Other financial charges | 652/9 | €402 | €505 | +€103 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €1,976,313 | €4,676,107 | +€2.7m | +137% |
| Transfer from deferred taxes | 780 | €39,937 | €40,227 | +€290 | +0.7% |
| Income taxes | 67/77 | €107,555 | €119,009 | +€11,454 | +10.6% |
| Taxes | 670/3 | €150,000 | €122,500 | -€27,500 | -18.3% |
| Tax adjustments and reversals of tax provisions | 77 | €42,445 | €3,491 | -€38,954 | -91.8% |
| Profit (loss) for the period | 9904 | €1,908,695 | €4,597,325 | +€2.7m | +141% |
| Transfer from tax-exempt reserves | 789 | €210,414 | €210,414 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,119,109 | €4,807,738 | +€2.7m | +127% |
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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 6 November 2026 via checked.be.