oSérieux: 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.
oSérieux
Largest movements
- Cash +€175,892
up €175,892 (+149%), from €118,339 to €294,231
mainly Receivables within one year (+€119,629) and Net result for the year (+€95,264)
- Receivables within one year -€119,629
down €119,629 (-29.6%), from €404,232 to €284,603
of which Trade receivables: -€66,929
- Deferred charges and accrued income +€14,838
up €14,838 (+320%), from €4,638 to €19,476
- Other debts +€50,000
up €50,000 (+250%), from €20,000 to €70,000
- Reserves +€25,264
up €25,264 (+8.1%), from €311,002 to €336,266
of which Distributable reserves: +€25,264
- Accrued charges and deferred income -€15,000
down €15,000 (-100%), from €15,000 to €0
- Trade debts +€7,506
up €7,506 (+4.4%), from €171,292 to €178,797
- Gross operating margin +€52,254
up €52,254 (+82.6%), from €63,273 to €115,527
- Taxes +€3,675
up €3,675 (+32.7%), from €11,247 to €14,921
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 | €545,806 | €615,272 | +€69,466 | +12.7% |
| Fixed assets | 21/28 | €18,598 | €16,962 | -€1,636 | -8.8% |
| Tangible fixed assets | 22/27 | €15,298 | €13,662 | -€1,636 | -10.7% |
| Furniture and vehicles | 24 | €9,448 | €7,012 | -€2,436 | -25.8% |
| Other tangible fixed assets | 26 | €5,850 | €6,650 | +€800 | +13.7% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €527,208 | €598,310 | +€71,101 | +13.5% |
| Amounts receivable within one year | 40/41 | €404,232 | €284,603 | -€119,629 | -29.6% |
| Trade receivables | 40 | €351,417 | €284,488 | -€66,929 | -19.0% |
| Other amounts receivable | 41 | €52,815 | €116 | -€52,700 | -99.8% |
| Cash at bank and in hand | 54/58 | €118,339 | €294,231 | +€175,892 | +149% |
| Deferred charges and accrued income | 490/1 | €4,638 | €19,476 | +€14,838 | +320% |
| Total equity and liabilities | 10/49 | €545,806 | €615,272 | +€69,466 | +12.7% |
| Equity | 10/15 | €336,540 | €361,804 | +€25,264 | +7.5% |
| Contributions | 10/11 | €25,538 | €25,538 | = | 0.0% |
| Reserves | 13 | €311,002 | €336,266 | +€25,264 | +8.1% |
| Tax-exempt reserves | 132 | €521 | €521 | = | 0.0% |
| Distributable reserves | 133 | €310,480 | €335,745 | +€25,264 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,975 | €2,975 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,975 | €2,975 | = | 0.0% |
| Pensions and similar obligations | 160 | €2,975 | €2,975 | = | 0.0% |
| Amounts payable | 17/49 | €206,292 | €250,493 | +€44,202 | +21.4% |
| Amounts payable within one year | 42/48 | €191,292 | €250,493 | +€59,202 | +30.9% |
| Trade debts | 44 | €171,292 | €178,797 | +€7,506 | +4.4% |
| Suppliers | 440/4 | €171,292 | €178,797 | +€7,506 | +4.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,696 | +€1,696 | |
| Taxes | 450/3 | €0 | €1,649 | +€1,649 | |
| Remuneration and social security | 454/9 | - | €47 | +€47 | |
| Other amounts payable | 47/48 | €20,000 | €70,000 | +€50,000 | +250% |
| Accrued charges and deferred income | 492/3 | €15,000 | €0 | -€15,000 | -100% |
| Non-recurring operating income | 76A | €9,046 | €0 | -€9,046 | -100% |
| Remuneration, social security and pensions | 62 | €1,662 | €1,540 | -€123 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,767 | €2,436 | +€668 | +37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,655 | €1,324 | -€331 | -20.0% |
| Non-recurring operating charges | 66A | €1,881 | €2 | -€1,879 | -99.9% |
| Gross operating margin | 9900 | €63,273 | €115,527 | +€52,254 | +82.6% |
| Operating profit (loss) | 9901 | €56,307 | €110,226 | +€53,919 | +95.8% |
| Financial income | 75/76B | €2 | €52 | +€51 | +3,197% |
| Recurring financial income | 75 | €2 | €52 | +€51 | +3,197% |
| Financial charges | 65/66B | €90 | €93 | +€3 | +3.2% |
| Recurring financial charges | 65 | €90 | €93 | +€3 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €56,219 | €110,186 | +€53,966 | +96.0% |
| Income taxes | 67/77 | €11,247 | €14,921 | +€3,675 | +32.7% |
| Profit (loss) for the period | 9904 | €44,972 | €95,264 | +€50,292 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €44,972 | €95,264 | +€50,292 | +112% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.