SERA CONSULTING: 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.
SERA CONSULTING
Largest movements
- Tangible fixed assets +€112,162
up €112,162 (+1199.9%), from €9,348 to €121,509
of which Furniture and vehicles: +€114,015
- Cash -€29,692
down €29,692 (-14.8%), from €200,858 to €171,166
mainly Investment in fixed assets (net) (-€118,221) and Contributions, distributions and other (-€34,000)
- Debts after one year +€68,913
new in 2025: €68,913
- Current portion of long-term debt +€11,087
new in 2025: €11,087
- Reserves +€9,848
up €9,848 (+4.8%), from €207,112 to €216,961
of which Distributable reserves: +€9,848
- Trade debts +€4,755
up €4,755 (+297.4%), from €1,599 to €6,354
- Tax, wage and social debts -€4,676
down €4,676 (-22.7%), from €20,564 to €15,889
- Gross operating margin +€6,622
up €6,622 (+11.0%), from €60,123 to €66,745
- Taxes +€4,144
up €4,144 (+31.3%), from €13,241 to €17,385
- Depreciation +€3,190
up €3,190 (+111.2%), from €2,869 to €6,059
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 | €242,664 | €329,888 | +€87,224 | +35.9% |
| Fixed assets | 21/28 | €9,373 | €121,534 | +€112,162 | +1196.7% |
| Tangible fixed assets | 22/27 | €9,348 | €121,509 | +€112,162 | +1199.9% |
| Furniture and vehicles | 24 | €4,664 | €118,679 | +€114,015 | +2444.4% |
| Other tangible fixed assets | 26 | €4,683 | €2,830 | -€1,853 | -39.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €233,292 | €208,354 | -€24,938 | -10.7% |
| Amounts receivable within one year | 40/41 | €32,206 | €33,980 | +€1,774 | +5.5% |
| Trade receivables | 40 | €32,081 | €31,460 | -€621 | -1.9% |
| Other amounts receivable | 41 | €125 | €2,520 | +€2,395 | +1919.9% |
| Cash at bank and in hand | 54/58 | €200,858 | €171,166 | -€29,692 | -14.8% |
| Deferred charges and accrued income | 490/1 | €228 | €3,208 | +€2,980 | +1306.9% |
| Total equity and liabilities | 10/49 | €242,664 | €329,888 | +€87,224 | +35.9% |
| Equity | 10/15 | €214,901 | €223,161 | +€8,260 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €207,112 | €216,961 | +€9,848 | +4.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €207,112 | €216,961 | +€9,848 | +4.8% |
| Profit (loss) carried forward | 14 | €1,589 | €0 | -€1,589 | -100.0% |
| Amounts payable | 17/49 | €27,763 | €106,728 | +€78,964 | +284.4% |
| Amounts payable after more than one year | 17 | - | €68,913 | +€68,913 | |
| Financial debts | 170/4 | - | €68,913 | +€68,913 | |
| Amounts payable within one year | 42/48 | €27,763 | €37,814 | +€10,051 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,087 | +€11,087 | |
| Trade debts | 44 | €1,599 | €6,354 | +€4,755 | +297.4% |
| Suppliers | 440/4 | €1,599 | €6,354 | +€4,755 | +297.4% |
| Taxes, remuneration and social security | 45 | €20,564 | €15,889 | -€4,676 | -22.7% |
| Taxes | 450/3 | €20,564 | €15,889 | -€4,676 | -22.7% |
| Other amounts payable | 47/48 | €5,600 | €4,485 | -€1,115 | -19.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,869 | €6,059 | +€3,190 | +111.2% |
| Other operating charges | 640/8 | €621 | €704 | +€84 | +13.5% |
| Gross operating margin | 9900 | €60,123 | €66,745 | +€6,622 | +11.0% |
| Operating profit (loss) | 9901 | €56,633 | €59,981 | +€3,349 | +5.9% |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €140 | €353 | +€213 | +152.2% |
| Recurring financial charges | 65 | €140 | €353 | +€213 | +152.2% |
| Profit (loss) for the period before taxes | 9903 | €56,493 | €59,645 | +€3,152 | +5.6% |
| Income taxes | 67/77 | €13,241 | €17,385 | +€4,144 | +31.3% |
| Profit (loss) for the period | 9904 | €43,252 | €42,260 | -€993 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,252 | €42,260 | -€993 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.