Seraco: 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.
Seraco
Largest movements
- Receivables within one year +€17,978
up €17,978 (+963.7%), from €1,866 to €19,844
of which Trade receivables: +€18,348
- Cash +€3,087
up €3,087 (+8.9%), from €34,716 to €37,803
mainly Net result for the year (+€13,559) and Tax, wage and social debts (+€6,900)
- Reserves +€13,559
up €13,559 (+45.1%), from €30,043 to €43,603
- Tax, wage and social debts +€6,900
up €6,900 (+1345.7%), from €513 to €7,413
- Trade debts +€606
up €606 (+90.4%), from €670 to €1,277
- Gross operating margin +€14,092
up €14,092 (+286.7%), from €4,915 to €19,007
- Taxes +€4,321
up €4,321 (+842.7%), from €513 to €4,834
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 | €37,482 | €58,547 | +€21,066 | +56.2% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €36,582 | €57,647 | +€21,066 | +57.6% |
| Amounts receivable within one year | 40/41 | €1,866 | €19,844 | +€17,978 | +963.7% |
| Trade receivables | 40 | €1,496 | €19,844 | +€18,348 | +1226.5% |
| Other amounts receivable | 41 | €370 | - | -€370 | |
| Cash at bank and in hand | 54/58 | €34,716 | €37,803 | +€3,087 | +8.9% |
| Total equity and liabilities | 10/49 | €37,482 | €58,547 | +€21,066 | +56.2% |
| Equity | 10/15 | €36,243 | €49,803 | +€13,559 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,043 | €43,603 | +€13,559 | +45.1% |
| Distributable reserves | 133 | €30,043 | €43,603 | +€13,559 | +45.1% |
| Amounts payable | 17/49 | €1,238 | €8,745 | +€7,507 | +606.2% |
| Amounts payable within one year | 42/48 | €1,238 | €8,745 | +€7,507 | +606.2% |
| Trade debts | 44 | €670 | €1,277 | +€606 | +90.4% |
| Suppliers | 440/4 | €670 | €1,277 | +€606 | +90.4% |
| Taxes, remuneration and social security | 45 | €513 | €7,413 | +€6,900 | +1345.7% |
| Taxes | 450/3 | €513 | €7,413 | +€6,900 | +1345.7% |
| Other amounts payable | 47/48 | €55 | €55 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €4,915 | €19,007 | +€14,092 | +286.7% |
| Operating profit (loss) | 9901 | €4,410 | €18,487 | +€14,078 | +319.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €42 | €95 | +€53 | +125.9% |
| Recurring financial charges | 65 | €42 | €95 | +€53 | +125.9% |
| Profit (loss) for the period before taxes | 9903 | €4,368 | €18,393 | +€14,025 | +321.1% |
| Income taxes | 67/77 | €513 | €4,834 | +€4,321 | +842.7% |
| Profit (loss) for the period | 9904 | €3,855 | €13,559 | +€9,704 | +251.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,855 | €13,559 | +€9,704 | +251.7% |
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 8 October 2026 via checked.be.