SERECO HANDELSONDERNEMING: 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.
SERECO HANDELSONDERNEMING
Largest movements
- Cash -€23,705
down €23,705 (-88.6%), from €26,752 to €3,047
mainly Receivables within one year (-€21,447) and Current investments (-€20,000)
- Receivables within one year +€21,447
up €21,447 (+17.3%), from €123,696 to €145,143
- Current investments +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Tangible fixed assets -€9,155
down €9,155 (-16.8%), from €54,623 to €45,468
- Profit (loss) carried forward +€8,973
up €8,973 (+5.3%), from €168,837 to €177,810
- Gross operating margin +€2,494
up €2,494 (+12.4%), from €20,119 to €22,613
- Financial income -€718
down €718 (-7.9%), from €9,122 to €8,404
- Taxes +€251
up €251 (+5.2%), from €4,881 to €5,132
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 | €256,768 | €265,193 | +€8,425 | +3.3% |
| Fixed assets | 21/28 | €54,623 | €45,468 | -€9,155 | -16.8% |
| Tangible fixed assets | 22/27 | €54,623 | €45,468 | -€9,155 | -16.8% |
| Land and buildings | 22 | €39,846 | €37,892 | -€1,954 | -4.9% |
| Plant, machinery and equipment | 23 | €6,140 | €3,337 | -€2,804 | -45.7% |
| Other tangible fixed assets | 26 | €8,636 | €4,240 | -€4,396 | -50.9% |
| Current assets | 29/58 | €202,145 | €219,725 | +€17,579 | +8.7% |
| Amounts receivable within one year | 40/41 | €123,696 | €145,143 | +€21,447 | +17.3% |
| Other amounts receivable | 41 | €123,696 | €145,143 | +€21,447 | +17.3% |
| Current investments | 50/53 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €26,752 | €3,047 | -€23,705 | -88.6% |
| Deferred charges and accrued income | 490/1 | €1,698 | €1,535 | -€163 | -9.6% |
| Total equity and liabilities | 10/49 | €256,768 | €265,193 | +€8,425 | +3.3% |
| Equity | 10/15 | €251,112 | €260,086 | +€8,973 | +3.6% |
| Contributions | 10/11 | €62,408 | €62,408 | = | 0.0% |
| Capital | 10 | €62,408 | €62,408 | = | 0.0% |
| Issued capital | 100 | €81,000 | €81,000 | = | 0.0% |
| Uncalled capital | 101 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,867 | €19,867 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,835 | €19,835 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4 | €4 | = | 0.0% |
| Tax-exempt reserves | 132 | €32 | €32 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,837 | €177,810 | +€8,973 | +5.3% |
| Amounts payable | 17/49 | €5,656 | €5,107 | -€549 | -9.7% |
| Amounts payable within one year | 42/48 | €5,656 | €5,107 | -€549 | -9.7% |
| Trade debts | 44 | €1,911 | €215 | -€1,696 | -88.8% |
| Suppliers | 440/4 | €1,911 | €215 | -€1,696 | -88.8% |
| Taxes, remuneration and social security | 45 | €2,378 | €4,893 | +€2,515 | +106% |
| Taxes | 450/3 | €2,378 | €4,893 | +€2,515 | +106% |
| Other amounts payable | 47/48 | €1,367 | €0 | -€1,367 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,972 | €9,155 | +€182 | +2.0% |
| Other operating charges | 640/8 | €7,773 | €7,607 | -€167 | -2.1% |
| Gross operating margin | 9900 | €20,119 | €22,613 | +€2,494 | +12.4% |
| Operating profit (loss) | 9901 | €3,373 | €5,852 | +€2,479 | +73.5% |
| Financial income | 75/76B | €9,122 | €8,404 | -€718 | -7.9% |
| Recurring financial income | 75 | €9,122 | €8,404 | -€718 | -7.9% |
| Financial charges | 65/66B | €69 | €151 | +€81 | +117% |
| Recurring financial charges | 65 | €69 | €151 | +€81 | +117% |
| Profit (loss) for the period before taxes | 9903 | €12,426 | €14,106 | +€1,679 | +13.5% |
| Income taxes | 67/77 | €4,881 | €5,132 | +€251 | +5.2% |
| Profit (loss) for the period | 9904 | €7,545 | €8,973 | +€1,428 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,545 | €8,973 | +€1,428 | +18.9% |
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 21 October 2026 via checked.be.