Sercutec: 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.
Sercutec
Largest movements
- Cash +€46,825
up €46,825 (+13.6%), from €344,863 to €391,688
mainly Net result for the year (+€54,808) and Other debts (+€35,104)
- Receivables within one year -€16,387
down €16,387 (-45.0%), from €36,387 to €20,000
of which Other amounts receivable: -€14,287
- Other debts +€35,104
up €35,104 (+344.1%), from €10,202 to €45,306
- Tax, wage and social debts -€20,396
down €20,396 (-67.8%), from €30,070 to €9,674
of which Taxes: -€20,396
- Reserves +€18,485
up €18,485 (+4.6%), from €401,332 to €419,817
of which Distributable reserves: +€18,485
- Gross operating margin -€80,364
down €80,364 (-49.2%), from €163,321 to €82,957
- Taxes -€23,619
down €23,619 (-49.8%), from €47,452 to €23,833
- Depreciation -€1,966
down €1,966 (-29.3%), from €6,708 to €4,742
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 | €452,900 | €483,433 | +€30,533 | +6.7% |
| Fixed assets | 21/28 | €15,993 | €15,516 | -€477 | -3.0% |
| Tangible fixed assets | 22/27 | €15,993 | €15,516 | -€477 | -3.0% |
| Plant, machinery and equipment | 23 | €8,279 | €7,897 | -€381 | -4.6% |
| Furniture and vehicles | 24 | €7,714 | €7,619 | -€96 | -1.2% |
| Current assets | 29/58 | €436,907 | €467,917 | +€31,010 | +7.1% |
| Amounts receivable within one year | 40/41 | €36,387 | €20,000 | -€16,387 | -45.0% |
| Trade receivables | 40 | €22,100 | €20,000 | -€2,100 | -9.5% |
| Other amounts receivable | 41 | €14,287 | - | -€14,287 | |
| Current investments | 50/53 | €55,657 | €56,229 | +€572 | +1.0% |
| Cash at bank and in hand | 54/58 | €344,863 | €391,688 | +€46,825 | +13.6% |
| Total equity and liabilities | 10/49 | €452,900 | €483,433 | +€30,533 | +6.7% |
| Equity | 10/15 | €407,532 | €426,017 | +€18,485 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,332 | €419,817 | +€18,485 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €399,472 | €417,957 | +€18,485 | +4.6% |
| Amounts payable | 17/49 | €45,368 | €57,415 | +€12,047 | +26.6% |
| Amounts payable within one year | 42/48 | €43,695 | €57,415 | +€13,721 | +31.4% |
| Trade debts | 44 | €3,423 | €2,435 | -€987 | -28.8% |
| Suppliers | 440/4 | €3,423 | €2,435 | -€987 | -28.8% |
| Taxes, remuneration and social security | 45 | €30,070 | €9,674 | -€20,396 | -67.8% |
| Taxes | 450/3 | €27,070 | €6,674 | -€20,396 | -75.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,202 | €45,306 | +€35,104 | +344.1% |
| Accrued charges and deferred income | 492/3 | €1,673 | - | -€1,673 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,708 | €4,742 | -€1,966 | -29.3% |
| Other operating charges | 640/8 | €1,533 | €2,151 | +€618 | +40.3% |
| Gross operating margin | 9900 | €163,321 | €82,957 | -€80,364 | -49.2% |
| Operating profit (loss) | 9901 | €155,080 | €76,065 | -€79,016 | -51.0% |
| Financial income | 75/76B | €2,403 | €2,725 | +€322 | +13.4% |
| Recurring financial income | 75 | €2,403 | €2,725 | +€322 | +13.4% |
| Financial charges | 65/66B | €340 | €148 | -€192 | -56.5% |
| Recurring financial charges | 65 | €340 | €148 | -€192 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €157,144 | €78,641 | -€78,502 | -50.0% |
| Income taxes | 67/77 | €47,452 | €23,833 | -€23,619 | -49.8% |
| Profit (loss) for the period | 9904 | €109,691 | €54,808 | -€54,883 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,691 | €54,808 | -€54,883 | -50.0% |
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 10 October 2026 via checked.be.