SERA DECOR: 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 DECOR
Largest movements
- Cash -€65,219
down €65,219 (-91.4%), from €71,360 to €6,141
mainly Receivables within one year (-€49,740) and Net result for the year (-€18,036)
- Receivables within one year +€49,740
new in 2025: €49,740
of which Other amounts receivable: +€37,240
- Tangible fixed assets -€5,104
down €5,104 (-7.7%), from €65,892 to €60,789
of which Land and buildings: -€3,807
- Deferred charges and accrued income -€2,186
no longer reported in 2025 (was €2,186)
- Reserves -€18,036
down €18,036 (-17.8%), from €101,473 to €83,437
of which Distributable reserves: -€16,176
- Debts after one year -€10,076
down €10,076 (-72.5%), from €13,898 to €3,822
of which Financial debts: -€10,076
- Current portion of long-term debt +€5,812
up €5,812 (+136.3%), from €4,264 to €10,076
- Gross operating margin -€15,846
down €15,846, from €10,415 to -€5,431
- Depreciation -€1,921
down €1,921 (-27.3%), from €7,025 to €5,104
- Financial income +€597
up €597 (+153.6%), from €389 to €986
- Other operating charges +€465
up €465 (+8.0%), from €5,805 to €6,270
- Financial charges +€411
up €411 (+25.2%), from €1,633 to €2,044
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 | €139,438 | €116,669 | -€22,769 | -16.3% |
| Fixed assets | 21/28 | €65,892 | €60,789 | -€5,104 | -7.7% |
| Tangible fixed assets | 22/27 | €65,892 | €60,789 | -€5,104 | -7.7% |
| Land and buildings | 22 | €62,175 | €58,369 | -€3,807 | -6.1% |
| Plant, machinery and equipment | 23 | €3,717 | €2,420 | -€1,297 | -34.9% |
| Current assets | 29/58 | €73,546 | €55,880 | -€17,665 | -24.0% |
| Amounts receivable within one year | 40/41 | - | €49,740 | +€49,740 | |
| Trade receivables | 40 | - | €12,500 | +€12,500 | |
| Other amounts receivable | 41 | - | €37,240 | +€37,240 | |
| Cash at bank and in hand | 54/58 | €71,360 | €6,141 | -€65,219 | -91.4% |
| Deferred charges and accrued income | 490/1 | €2,186 | - | -€2,186 | |
| Total equity and liabilities | 10/49 | €139,438 | €116,669 | -€22,769 | -16.3% |
| Equity | 10/15 | €120,073 | €102,037 | -€18,036 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,473 | €83,437 | -€18,036 | -17.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €99,613 | €83,437 | -€16,176 | -16.2% |
| Amounts payable | 17/49 | €19,365 | €14,632 | -€4,733 | -24.4% |
| Amounts payable after more than one year | 17 | €13,898 | €3,822 | -€10,076 | -72.5% |
| Financial debts | 170/4 | €10,076 | - | -€10,076 | |
| Other amounts payable | 178/9 | €3,822 | €3,822 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,467 | €10,810 | +€5,343 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | €4,264 | €10,076 | +€5,812 | +136.3% |
| Trade debts | 44 | - | €572 | +€572 | |
| Suppliers | 440/4 | - | €572 | +€572 | |
| Taxes, remuneration and social security | 45 | €162 | €162 | = | 0.0% |
| Taxes | 450/3 | €162 | €162 | = | 0.0% |
| Other amounts payable | 47/48 | €1,041 | - | -€1,041 | |
| Non-recurring operating income | 76A | - | €371 | +€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,025 | €5,104 | -€1,921 | -27.3% |
| Other operating charges | 640/8 | €5,805 | €6,270 | +€465 | +8.0% |
| Gross operating margin | 9900 | €10,415 | -€5,431 | -€15,846 | |
| Operating profit (loss) | 9901 | -€2,415 | -€16,804 | -€14,390 | -595.9% |
| Financial income | 75/76B | €389 | €986 | +€597 | +153.6% |
| Recurring financial income | 75 | €389 | €986 | +€597 | +153.6% |
| Financial charges | 65/66B | €1,633 | €2,044 | +€411 | +25.2% |
| Recurring financial charges | 65 | €1,633 | €2,044 | +€411 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,659 | -€17,862 | -€14,203 | -388.2% |
| Income taxes | 67/77 | €162 | €174 | +€11 | +7.0% |
| Profit (loss) for the period | 9904 | -€3,821 | -€18,036 | -€14,215 | -372.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,821 | -€18,036 | -€14,215 | -372.0% |
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 1 October 2026 via checked.be.