SER.CO: 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.
SER.CO
Largest movements
- Cash +€10,599
up €10,599 (+37111.8%), from €29 to €10,628
mainly Receivables within one year (+€5,135) and Net result for the year (+€1,977)
- Receivables within one year -€5,135
down €5,135 (-34.7%), from €14,786 to €9,651
of which Other amounts receivable: -€5,735
- Tangible fixed assets -€1,545
down €1,545 (-13.9%), from €11,074 to €9,529
of which Land and buildings: -€1,095
- Profit (loss) carried forward +€1,977
up €1,977 (+7.5%), from -€26,181 to -€24,204
- Trade debts +€1,698
up €1,698 (+223.0%), from €761 to €2,459
- Gross operating margin +€17,444
up €17,444, from -€12,586 to €4,857
- Taxes +€987
up €987, from -€664 to €322
- Depreciation -€300
down €300 (-16.2%), from €1,844 to €1,545
- Other operating charges -€146
down €146 (-14.5%), from €1,003 to €857
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.
Cash bridge derived
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 | €91,351 | €94,398 | +€3,047 | +3.3% |
| Fixed assets | 21/28 | €11,074 | €9,529 | -€1,545 | -13.9% |
| Tangible fixed assets | 22/27 | €11,074 | €9,529 | -€1,545 | -13.9% |
| Land and buildings | 22 | €1,095 | - | -€1,095 | |
| Furniture and vehicles | 24 | €9,979 | €9,529 | -€450 | -4.5% |
| Current assets | 29/58 | €80,277 | €84,869 | +€4,592 | +5.7% |
| Stocks and contracts in progress | 3 | €64,500 | €64,500 | = | 0.0% |
| Stocks | 30/36 | €64,500 | €64,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,786 | €9,651 | -€5,135 | -34.7% |
| Trade receivables | 40 | €8,516 | €9,116 | +€600 | +7.0% |
| Other amounts receivable | 41 | €6,271 | €536 | -€5,735 | -91.5% |
| Cash at bank and in hand | 54/58 | €29 | €10,628 | +€10,599 | +37111.8% |
| Deferred charges and accrued income | 490/1 | €962 | €90 | -€872 | -90.6% |
| Total equity and liabilities | 10/49 | €91,351 | €94,398 | +€3,047 | +3.3% |
| Equity | 10/15 | €88,453 | €90,430 | +€1,977 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,434 | €108,434 | = | 0.0% |
| Distributable reserves | 133 | €108,434 | €108,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,181 | -€24,204 | +€1,977 | +7.5% |
| Amounts payable | 17/49 | €2,898 | €3,968 | +€1,070 | +36.9% |
| Amounts payable within one year | 42/48 | €2,898 | €3,968 | +€1,070 | +36.9% |
| Financial debts | 43 | €104 | - | -€104 | |
| Credit institutions | 430/8 | €104 | - | -€104 | |
| Trade debts | 44 | €761 | €2,459 | +€1,698 | +223.0% |
| Suppliers | 440/4 | €761 | €2,459 | +€1,698 | +223.0% |
| Taxes, remuneration and social security | 45 | - | €286 | +€286 | |
| Taxes | 450/3 | - | €286 | +€286 | |
| Other amounts payable | 47/48 | €2,033 | €1,223 | -€810 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,844 | €1,545 | -€300 | -16.2% |
| Other operating charges | 640/8 | €1,003 | €857 | -€146 | -14.5% |
| Gross operating margin | 9900 | -€12,586 | €4,857 | +€17,444 | |
| Operating profit (loss) | 9901 | -€15,434 | €2,455 | +€17,889 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €185 | €156 | -€29 | -15.7% |
| Recurring financial charges | 65 | €185 | €156 | -€29 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,613 | €2,299 | +€17,912 | |
| Income taxes | 67/77 | -€664 | €322 | +€987 | |
| Profit (loss) for the period | 9904 | -€14,949 | €1,977 | +€16,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,949 | €1,977 | +€16,926 |
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 9 October 2026 via checked.be.