Serafin Consulting: 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.
Serafin Consulting
Largest movements
- Receivables within one year +€9,629
up €9,629 (+269%), from €3,583 to €13,212
of which Trade receivables: +€10,150
- Cash -€7,544
down €7,544 (-9.3%), from €81,298 to €73,754
mainly Tax, wage and social debts (-€11,138) and Receivables within one year (-€9,629)
- Tangible fixed assets -€6,144
down €6,144 (-51.0%), from €12,051 to €5,907
- Tax, wage and social debts -€11,138
down €11,138 (-47.1%), from €23,638 to €12,500
of which Taxes: -€11,151
- Profit (loss) carried forward +€8,115
up €8,115 (+11.7%), from €69,461 to €77,576
- Gross operating margin -€14,079
down €14,079 (-19.0%), from €74,191 to €60,112
- Financial charges -€5,169
down €5,169 (-11.7%), from €44,325 to €39,157
- Taxes -€1,956
down €1,956 (-35.5%), from €5,506 to €3,550
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 | €98,179 | €94,290 | -€3,890 | -4.0% |
| Fixed assets | 21/28 | €12,451 | €6,392 | -€6,059 | -48.7% |
| Tangible fixed assets | 22/27 | €12,051 | €5,907 | -€6,144 | -51.0% |
| Furniture and vehicles | 24 | €12,051 | €5,907 | -€6,144 | -51.0% |
| Financial fixed assets | 28 | €400 | €485 | +€85 | +21.3% |
| Current assets | 29/58 | €85,728 | €87,898 | +€2,170 | +2.5% |
| Amounts receivable within one year | 40/41 | €3,583 | €13,212 | +€9,629 | +269% |
| Trade receivables | 40 | - | €10,150 | +€10,150 | |
| Other amounts receivable | 41 | €3,583 | €3,062 | -€521 | -14.5% |
| Cash at bank and in hand | 54/58 | €81,298 | €73,754 | -€7,544 | -9.3% |
| Deferred charges and accrued income | 490/1 | €847 | €932 | +€84 | +10.0% |
| Total equity and liabilities | 10/49 | €98,179 | €94,290 | -€3,890 | -4.0% |
| Equity | 10/15 | €72,461 | €80,576 | +€8,115 | +11.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,461 | €77,576 | +€8,115 | +11.7% |
| Amounts payable | 17/49 | €25,719 | €13,714 | -€12,005 | -46.7% |
| Amounts payable within one year | 42/48 | €25,719 | €13,714 | -€12,005 | -46.7% |
| Trade debts | 44 | €2,081 | €1,214 | -€867 | -41.7% |
| Suppliers | 440/4 | €2,081 | €1,214 | -€867 | -41.7% |
| Taxes, remuneration and social security | 45 | €23,638 | €12,500 | -€11,138 | -47.1% |
| Taxes | 450/3 | €21,244 | €10,093 | -€11,151 | -52.5% |
| Remuneration and social security | 454/9 | €2,394 | €2,407 | +€13 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,725 | €9,446 | +€721 | +8.3% |
| Other operating charges | 640/8 | €285 | €295 | +€10 | +3.4% |
| Gross operating margin | 9900 | €74,191 | €60,112 | -€14,079 | -19.0% |
| Operating profit (loss) | 9901 | €65,180 | €50,370 | -€14,810 | -22.7% |
| Financial income | 75/76B | €171 | €452 | +€282 | +165% |
| Recurring financial income | 75 | €171 | €452 | +€282 | +165% |
| Financial charges | 65/66B | €44,325 | €39,157 | -€5,169 | -11.7% |
| Recurring financial charges | 65 | €44,325 | €39,157 | -€5,169 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €21,025 | €11,665 | -€9,360 | -44.5% |
| Income taxes | 67/77 | €5,506 | €3,550 | -€1,956 | -35.5% |
| Profit (loss) for the period | 9904 | €15,520 | €8,115 | -€7,404 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,520 | €8,115 | -€7,404 | -47.7% |
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 30 October 2026 via checked.be.