SEREKA: 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.
SEREKA
Largest movements
- Tangible fixed assets -€23,060
down €23,060 (-7.5%), from €306,395 to €283,335
of which Land and buildings: -€23,060
- Debts after one year -€18,566
down €18,566 (-56.3%), from €32,964 to €14,398
- Profit (loss) carried forward -€5,042
down €5,042 (-15.7%), from -€32,210 to -€37,252
- Gross operating margin +€10,697
up €10,697 (+73.3%), from €14,597 to €25,294
- Financial charges -€790
down €790 (-28.8%), from €2,744 to €1,954
- Other operating charges -€351
down €351 (-6.2%), from €5,673 to €5,322
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 | €306,775 | €284,012 | -€22,763 | -7.4% |
| Fixed assets | 21/28 | €306,395 | €283,335 | -€23,060 | -7.5% |
| Tangible fixed assets | 22/27 | €306,395 | €283,335 | -€23,060 | -7.5% |
| Land and buildings | 22 | €306,395 | €283,335 | -€23,060 | -7.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €380 | €677 | +€297 | +78.0% |
| Cash at bank and in hand | 54/58 | €380 | €677 | +€297 | +78.0% |
| Total equity and liabilities | 10/49 | €306,775 | €284,012 | -€22,763 | -7.4% |
| Equity | 10/15 | €29,790 | €24,748 | -€5,042 | -16.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,210 | -€37,252 | -€5,042 | -15.7% |
| Amounts payable | 17/49 | €276,985 | €259,264 | -€17,722 | -6.4% |
| Amounts payable after more than one year | 17 | €32,964 | €14,398 | -€18,566 | -56.3% |
| Financial debts | 170/4 | €32,964 | €14,398 | -€18,566 | -56.3% |
| Amounts payable within one year | 42/48 | €244,022 | €244,866 | +€844 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €17,722 | €18,566 | +€844 | +4.8% |
| Trade debts | 44 | €739 | €739 | = | 0.0% |
| Suppliers | 440/4 | €739 | €739 | = | 0.0% |
| Other amounts payable | 47/48 | €225,561 | €225,561 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,060 | €23,060 | = | 0.0% |
| Other operating charges | 640/8 | €5,673 | €5,322 | -€351 | -6.2% |
| Gross operating margin | 9900 | €14,597 | €25,294 | +€10,697 | +73.3% |
| Operating profit (loss) | 9901 | -€14,135 | -€3,088 | +€11,048 | +78.2% |
| Financial charges | 65/66B | €2,744 | €1,954 | -€790 | -28.8% |
| Recurring financial charges | 65 | €2,744 | €1,954 | -€790 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,880 | -€5,042 | +€11,838 | +70.1% |
| Profit (loss) for the period | 9904 | -€16,880 | -€5,042 | +€11,838 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,880 | -€5,042 | +€11,838 | +70.1% |
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 15 October 2026 via checked.be.