SERAPH 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.
SERAPH CONSULTING
Largest movements
- Cash +€20,941
up €20,941 (+38.3%), from €54,620 to €75,561
mainly Net result for the year (+€57,607) and Other debts (+€22,997)
- Receivables after one year -€2,160
down €2,160 (-38.6%), from €5,600 to €3,440
- Deferred charges and accrued income +€2,000
new in 2025: €2,000
- Other debts +€22,997
up €22,997 (+30.6%), from €75,129 to €98,127
- Reserves -€4,159
down €4,159 (-100%), from €4,159 to €0
- Tax, wage and social debts +€1,394
up €1,394 (+32.2%), from €4,333 to €5,727
of which Taxes: +€1,394
- Financial income +€12,000
up €12,000 (+25.0%), from €48,000 to €60,000
- Gross operating margin -€3,550
down €3,550, from €2,343 to -€1,207
- Other operating charges -€365
down €365 (-28.2%), from €1,295 to €930
- Taxes -€205
down €205 (-55.4%), from €370 to €165
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 | €85,903 | €106,336 | +€20,433 | +23.8% |
| Fixed assets | 21/28 | €25,000 | €25,000 | = | 0.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €60,903 | €81,336 | +€20,433 | +33.5% |
| Amounts receivable after more than one year | 29 | €5,600 | €3,440 | -€2,160 | -38.6% |
| Other amounts receivable | 291 | €5,600 | €3,440 | -€2,160 | -38.6% |
| Amounts receivable within one year | 40/41 | €683 | €335 | -€348 | -51.0% |
| Other amounts receivable | 41 | €683 | €335 | -€348 | -51.0% |
| Cash at bank and in hand | 54/58 | €54,620 | €75,561 | +€20,941 | +38.3% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €85,903 | €106,336 | +€20,433 | +23.8% |
| Equity | 10/15 | €6,159 | €2,000 | -€4,159 | -67.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,159 | €0 | -€4,159 | -100% |
| Distributable reserves | 133 | €4,159 | €0 | -€4,159 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,744 | €104,336 | +€24,592 | +30.8% |
| Amounts payable within one year | 42/48 | €79,744 | €104,336 | +€24,592 | +30.8% |
| Trade debts | 44 | €282 | €482 | +€200 | +71.0% |
| Suppliers | 440/4 | €282 | €482 | +€200 | +71.0% |
| Taxes, remuneration and social security | 45 | €4,333 | €5,727 | +€1,394 | +32.2% |
| Taxes | 450/3 | €4,333 | €5,727 | +€1,394 | +32.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,129 | €98,127 | +€22,997 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,295 | €930 | -€365 | -28.2% |
| Gross operating margin | 9900 | €2,343 | -€1,207 | -€3,550 | |
| Operating profit (loss) | 9901 | €1,048 | -€2,137 | -€3,185 | |
| Financial income | 75/76B | €48,000 | €60,000 | +€12,000 | +25.0% |
| Recurring financial income | 75 | €48,000 | €60,000 | +€12,000 | +25.0% |
| Financial charges | 65/66B | €85 | €90 | +€5 | +6.4% |
| Recurring financial charges | 65 | €85 | €90 | +€5 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €48,963 | €57,772 | +€8,810 | +18.0% |
| Income taxes | 67/77 | €370 | €165 | -€205 | -55.4% |
| Profit (loss) for the period | 9904 | €48,592 | €57,607 | +€9,015 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,592 | €57,607 | +€9,015 | +18.6% |
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 13 October 2026 via checked.be.