SER SOLUTIONS: what changed
Two fiscal 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 SOLUTIONS
Largest movements
- Receivables within one year +€154,118
up €154,118 (+354.0%), from €43,531 to €197,649
of which Trade receivables: +€139,508
- Cash +€60,181
up €60,181 (+42419.6%), from €142 to €60,323
mainly Trade debts (+€160,542) and Tax, wage and social debts (+€45,648)
- Tangible fixed assets +€24,338
up €24,338 (+196.9%), from €12,363 to €36,701
- Trade debts +€160,542
up €160,542 (+645.8%), from €24,860 to €185,402
- Tax, wage and social debts +€45,648
up €45,648 (+125.8%), from €36,288 to €81,936
of which Taxes: +€39,984
- Profit (loss) carried forward +€32,836
up €32,836 (+138.3%), from €23,741 to €56,578
- Turnover +€1.1m
new in 2025: €1.1m
- Purchases and services +€881,568
new in 2025: €881,568
- Gross operating margin +€169,781
up €169,781 (+175.2%), from €96,914 to €266,695
- Staff costs +€124,719
up €124,719 (+246.8%), from €50,542 to €175,261
- Write-downs +€21,178
new in 2025: €21,178
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 | €85,270 | €324,296 | +€239,026 | +280.3% |
| Fixed assets | 21/28 | €40,163 | €64,501 | +€24,338 | +60.6% |
| Tangible fixed assets | 22/27 | €12,363 | €36,701 | +€24,338 | +196.9% |
| Furniture and vehicles | 24 | €12,363 | €36,701 | +€24,338 | +196.9% |
| Financial fixed assets | 28 | €27,800 | €27,800 | = | 0.0% |
| Current assets | 29/58 | €45,107 | €259,795 | +€214,689 | +476.0% |
| Amounts receivable within one year | 40/41 | €43,531 | €197,649 | +€154,118 | +354.0% |
| Trade receivables | 40 | €43,531 | €183,039 | +€139,508 | +320.5% |
| Other amounts receivable | 41 | - | €14,610 | +€14,610 | |
| Cash at bank and in hand | 54/58 | €142 | €60,323 | +€60,181 | +42419.6% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,824 | +€390 | +27.2% |
| Total equity and liabilities | 10/49 | €85,270 | €324,296 | +€239,026 | +280.3% |
| Equity | 10/15 | €23,741 | €56,578 | +€32,836 | +138.3% |
| Contributions | 10/11 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €23,741 | €56,578 | +€32,836 | +138.3% |
| Amounts payable | 17/49 | €61,529 | €267,719 | +€206,190 | +335.1% |
| Amounts payable within one year | 42/48 | €61,529 | €267,719 | +€206,190 | +335.1% |
| Trade debts | 44 | €24,860 | €185,402 | +€160,542 | +645.8% |
| Suppliers | 440/4 | €24,860 | €185,402 | +€160,542 | +645.8% |
| Taxes, remuneration and social security | 45 | €36,288 | €81,936 | +€45,648 | +125.8% |
| Taxes | 450/3 | €17,834 | €57,818 | +€39,984 | +224.2% |
| Remuneration and social security | 454/9 | €18,455 | €24,118 | +€5,663 | +30.7% |
| Other amounts payable | 47/48 | €381 | €381 | = | 0.0% |
| Turnover | 70 | - | €1,148,263 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €881,568 | +€881,568 | |
| Remuneration, social security and pensions | 62 | €50,542 | €175,261 | +€124,719 | +246.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,637 | €9,224 | +€6,587 | +249.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,178 | +€21,178 | |
| Other operating charges | 640/8 | €8,507 | €13,093 | +€4,586 | +53.9% |
| Gross operating margin | 9900 | €96,914 | €266,695 | +€169,781 | +175.2% |
| Operating profit (loss) | 9901 | €35,229 | €47,940 | +€12,711 | +36.1% |
| Financial income | 75/76B | - | €547 | +€547 | |
| Recurring financial income | 75 | - | €547 | +€547 | |
| Financial charges | 65/66B | €121 | €1,992 | +€1,871 | +1540.8% |
| Recurring financial charges | 65 | €121 | €1,992 | +€1,871 | +1540.8% |
| Profit (loss) for the period before taxes | 9903 | €35,108 | €46,495 | +€11,387 | +32.4% |
| Income taxes | 67/77 | €9,217 | €13,658 | +€4,441 | +48.2% |
| Profit (loss) for the period | 9904 | €25,890 | €32,836 | +€6,946 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,890 | €32,836 | +€6,946 | +26.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.