Seramar: 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.
Seramar
Largest movements
- Cash +€46,510
up €46,510 (+70.2%), from €66,252 to €112,762
mainly Net result for the year (+€24,120) and Other debts (+€12,401)
- Current investments -€4,653
down €4,653 (-3.2%), from €146,973 to €142,320
- Reserves +€24,120
up €24,120 (+22.9%), from €105,232 to €129,353
- Other debts +€12,401
up €12,401 (+14.2%), from €87,555 to €99,957
- Tax, wage and social debts +€4,329
up €4,329 (+63.2%), from €6,851 to €11,180
- Trade debts +€3,321
up €3,321 (+139.8%), from €2,377 to €5,698
- Financial charges +€28,923
up €28,923 (+495.2%), from €5,841 to €34,764
- Gross operating margin +€26,290
up €26,290 (+72.9%), from €36,071 to €62,361
- Financial income +€8,887
up €8,887 (+4316.3%), from €206 to €9,093
- Taxes +€2,261
up €2,261 (+22.8%), from €9,909 to €12,170
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 | €213,583 | €258,005 | +€44,421 | +20.8% |
| Current assets | 29/58 | €213,583 | €258,005 | +€44,421 | +20.8% |
| Amounts receivable within one year | 40/41 | €153 | €2,393 | +€2,240 | +1466.8% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €153 | €393 | +€240 | +157.4% |
| Current investments | 50/53 | €146,973 | €142,320 | -€4,653 | -3.2% |
| Cash at bank and in hand | 54/58 | €66,252 | €112,762 | +€46,510 | +70.2% |
| Deferred charges and accrued income | 490/1 | €206 | €529 | +€323 | +157.0% |
| Total equity and liabilities | 10/49 | €213,583 | €258,005 | +€44,421 | +20.8% |
| Equity | 10/15 | €115,232 | €139,353 | +€24,120 | +20.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €105,232 | €129,353 | +€24,120 | +22.9% |
| Distributable reserves | 133 | €105,232 | €129,353 | +€24,120 | +22.9% |
| Amounts payable | 17/49 | €98,351 | €118,652 | +€20,301 | +20.6% |
| Amounts payable within one year | 42/48 | €96,783 | €116,835 | +€20,051 | +20.7% |
| Trade debts | 44 | €2,377 | €5,698 | +€3,321 | +139.8% |
| Suppliers | 440/4 | €2,377 | €5,698 | +€3,321 | +139.8% |
| Taxes, remuneration and social security | 45 | €6,851 | €11,180 | +€4,329 | +63.2% |
| Taxes | 450/3 | €6,851 | €11,180 | +€4,329 | +63.2% |
| Other amounts payable | 47/48 | €87,555 | €99,957 | +€12,401 | +14.2% |
| Accrued charges and deferred income | 492/3 | €1,567 | €1,817 | +€250 | +15.9% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €36,071 | €62,361 | +€26,290 | +72.9% |
| Operating profit (loss) | 9901 | €35,620 | €61,961 | +€26,342 | +74.0% |
| Financial income | 75/76B | €206 | €9,093 | +€8,887 | +4316.3% |
| Recurring financial income | 75 | €206 | €9,093 | +€8,887 | +4316.3% |
| Financial charges | 65/66B | €5,841 | €34,764 | +€28,923 | +495.2% |
| Recurring financial charges | 65 | €5,841 | €34,764 | +€28,923 | +495.2% |
| Profit (loss) for the period before taxes | 9903 | €29,984 | €36,291 | +€6,306 | +21.0% |
| Income taxes | 67/77 | €9,909 | €12,170 | +€2,261 | +22.8% |
| Profit (loss) for the period | 9904 | €20,075 | €24,120 | +€4,045 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,075 | €24,120 | +€4,045 | +20.1% |
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 7 October 2026 via checked.be.