SER-IOUS: 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-IOUS
Largest movements
- Current investments +€26,197
new in 2025: €26,197
- Cash +€23,929
up €23,929 (+39.0%), from €61,387 to €85,316
mainly Net result for the year (+€46,165) and Tax, wage and social debts (+€4,680)
- Reserves +€45,332
up €45,332 (+71.5%), from €63,358 to €108,690
- Tax, wage and social debts +€4,680
up €4,680 (+71.0%), from €6,588 to €11,268
- Gross operating margin -€21,861
down €21,861 (-26.7%), from €81,996 to €60,136
- Taxes -€4,187
down €4,187 (-24.8%), from €16,852 to €12,665
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 | €74,213 | €124,359 | +€50,146 | +67.6% |
| Fixed assets | 21/28 | €1,119 | €1,505 | +€386 | +34.5% |
| Tangible fixed assets | 22/27 | €1,119 | €1,490 | +€371 | +33.2% |
| Plant, machinery and equipment | 23 | €1,119 | €604 | -€515 | -46.0% |
| Furniture and vehicles | 24 | - | €886 | +€886 | |
| Financial fixed assets | 28 | - | €15 | +€15 | |
| Current assets | 29/58 | €73,094 | €122,855 | +€49,760 | +68.1% |
| Amounts receivable within one year | 40/41 | €11,590 | €11,167 | -€423 | -3.7% |
| Trade receivables | 40 | €11,404 | €11,011 | -€393 | -3.4% |
| Other amounts receivable | 41 | €186 | €156 | -€30 | -16.2% |
| Current investments | 50/53 | - | €26,197 | +€26,197 | |
| Cash at bank and in hand | 54/58 | €61,387 | €85,316 | +€23,929 | +39.0% |
| Deferred charges and accrued income | 490/1 | €118 | €176 | +€58 | +49.4% |
| Total equity and liabilities | 10/49 | €74,213 | €124,359 | +€50,146 | +67.6% |
| Equity | 10/15 | €66,358 | €111,690 | +€45,332 | +68.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,358 | €108,690 | +€45,332 | +71.5% |
| Distributable reserves | 133 | €63,358 | €108,690 | +€45,332 | +71.5% |
| Amounts payable | 17/49 | €7,855 | €12,670 | +€4,815 | +61.3% |
| Amounts payable within one year | 42/48 | €7,565 | €12,567 | +€5,002 | +66.1% |
| Taxes, remuneration and social security | 45 | €6,588 | €11,268 | +€4,680 | +71.0% |
| Taxes | 450/3 | €6,588 | €11,268 | +€4,680 | +71.0% |
| Other amounts payable | 47/48 | €977 | €1,299 | +€322 | +33.0% |
| Accrued charges and deferred income | 492/3 | €290 | €103 | -€187 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €1,020 | +€597 | +141% |
| Other operating charges | 640/8 | €515 | €358 | -€156 | -30.3% |
| Gross operating margin | 9900 | €81,996 | €60,136 | -€21,861 | -26.7% |
| Operating profit (loss) | 9901 | €81,059 | €58,757 | -€22,302 | -27.5% |
| Financial income | 75/76B | €24 | €85 | +€61 | +249% |
| Recurring financial income | 75 | €24 | €85 | +€61 | +249% |
| Financial charges | 65/66B | €41 | €13 | -€28 | -68.2% |
| Recurring financial charges | 65 | €41 | €13 | -€28 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €81,042 | €58,829 | -€22,213 | -27.4% |
| Income taxes | 67/77 | €16,852 | €12,665 | -€4,187 | -24.8% |
| Profit (loss) for the period | 9904 | €64,191 | €46,165 | -€18,026 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,191 | €46,165 | -€18,026 | -28.1% |
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 16 October 2026 via checked.be.