Seraphic: 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.
Seraphic
Largest movements
- Cash +€27,537
up €27,537 (+96.9%), from €28,409 to €55,946
mainly Net result for the year (+€17,941) and Current investments (+€15,000)
- Receivables within one year +€15,351
up €15,351 (+1,101%), from €1,394 to €16,745
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Stocks and contracts -€3,708
down €3,708 (-30.2%), from €12,282 to €8,575
- Tangible fixed assets -€1,217
down €1,217 (-6.2%), from €19,629 to €18,413
of which Other tangible fixed assets: -€3,258
- Profit (loss) carried forward +€17,108
up €17,108 (+31.3%), from €54,696 to €71,804
- Short-term financial debts +€12,000
new in 2025: €12,000
- Current portion of long-term debt -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts +€6,696
up €6,696 (+144%), from €4,640 to €11,335
of which Remuneration and social security: +€5,033
- Trade debts -€2,656
down €2,656 (-54.4%), from €4,879 to €2,223
- Gross operating margin -€28,875
down €28,875 (-31.6%), from €91,346 to €62,471
- Staff costs +€14,244
up €14,244 (+82.5%), from €17,264 to €31,508
- Taxes -€8,845
down €8,845 (-62.6%), from €14,123 to €5,278
- Depreciation +€1,320
up €1,320 (+29.2%), from €4,515 to €5,835
- Financial charges +€1,076
up €1,076 (+386%), from €279 to €1,355
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 | €76,715 | €100,546 | +€23,832 | +31.1% |
| Fixed assets | 21/28 | €19,629 | €18,413 | -€1,217 | -6.2% |
| Tangible fixed assets | 22/27 | €19,629 | €18,413 | -€1,217 | -6.2% |
| Plant, machinery and equipment | 23 | €3,781 | €6,024 | +€2,243 | +59.3% |
| Furniture and vehicles | 24 | €876 | €674 | -€201 | -23.0% |
| Other tangible fixed assets | 26 | €14,973 | €11,714 | -€3,258 | -21.8% |
| Current assets | 29/58 | €57,085 | €82,133 | +€25,048 | +43.9% |
| Stocks and contracts in progress | 3 | €12,282 | €8,575 | -€3,708 | -30.2% |
| Stocks | 30/36 | €12,282 | €8,575 | -€3,708 | -30.2% |
| Amounts receivable within one year | 40/41 | €1,394 | €16,745 | +€15,351 | +1,101% |
| Other amounts receivable | 41 | €1,394 | €16,745 | +€15,351 | +1,101% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €28,409 | €55,946 | +€27,537 | +96.9% |
| Deferred charges and accrued income | 490/1 | - | €868 | +€868 | |
| Total equity and liabilities | 10/49 | €76,715 | €100,546 | +€23,832 | +31.1% |
| Equity | 10/15 | €57,196 | €74,304 | +€17,108 | +29.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,696 | €71,804 | +€17,108 | +31.3% |
| Amounts payable | 17/49 | €19,518 | €26,242 | +€6,723 | +34.4% |
| Amounts payable within one year | 42/48 | €19,518 | €26,242 | +€6,723 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | - | -€10,000 | |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €4,879 | €2,223 | -€2,656 | -54.4% |
| Suppliers | 440/4 | €4,879 | €2,223 | -€2,656 | -54.4% |
| Taxes, remuneration and social security | 45 | €4,640 | €11,335 | +€6,696 | +144% |
| Taxes | 450/3 | €4,044 | €5,707 | +€1,663 | +41.1% |
| Remuneration and social security | 454/9 | €596 | €5,629 | +€5,033 | +844% |
| Other amounts payable | 47/48 | - | €683 | +€683 | |
| Remuneration, social security and pensions | 62 | €17,264 | €31,508 | +€14,244 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,515 | €5,835 | +€1,320 | +29.2% |
| Other operating charges | 640/8 | €1,202 | €796 | -€406 | -33.8% |
| Gross operating margin | 9900 | €91,346 | €62,471 | -€28,875 | -31.6% |
| Operating profit (loss) | 9901 | €68,365 | €24,332 | -€44,034 | -64.4% |
| Financial income | 75/76B | €732 | €242 | -€490 | -67.0% |
| Recurring financial income | 75 | €732 | €242 | -€490 | -67.0% |
| Financial charges | 65/66B | €279 | €1,355 | +€1,076 | +386% |
| Recurring financial charges | 65 | €279 | €1,355 | +€1,076 | +386% |
| Profit (loss) for the period before taxes | 9903 | €68,819 | €23,219 | -€45,600 | -66.3% |
| Income taxes | 67/77 | €14,123 | €5,278 | -€8,845 | -62.6% |
| Profit (loss) for the period | 9904 | €54,696 | €17,941 | -€36,755 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,696 | €17,941 | -€36,755 | -67.2% |
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 26 October 2026 via checked.be.