SERELIANA: 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.
SERELIANA
Largest movements
- Tangible fixed assets +€7,573
up €7,573 (+14.9%), from €50,740 to €58,313
of which Plant, machinery and equipment: +€11,011
- Stocks and contracts +€6,000
up €6,000 (+61.9%), from €9,692 to €15,692
- Receivables within one year +€3,839
up €3,839 (+62.3%), from €6,161 to €10,000
of which Trade receivables: +€4,090
- Other debts +€23,815
new in 2025: €23,815
- Debts after one year -€8,435
down €8,435 (-62.4%), from €13,507 to €5,072
- Profit (loss) carried forward +€1,520
up €1,520 (+34.1%), from -€4,464 to -€2,944
- Tax, wage and social debts +€1,388
up €1,388 (+12.5%), from €11,116 to €12,504
of which Taxes: +€2,197
- Staff costs -€10,192
down €10,192 (-26.5%), from €38,404 to €28,212
- Other operating charges +€4,755
new in 2025: €4,755
- Financial charges -€1,677
down €1,677 (-46.0%), from €3,649 to €1,972
- Gross operating margin -€1,564
down €1,564 (-3.1%), from €50,847 to €49,283
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 | €68,174 | €86,148 | +€17,974 | +26.4% |
| Fixed assets | 21/28 | €50,930 | €58,503 | +€7,573 | +14.9% |
| Tangible fixed assets | 22/27 | €50,740 | €58,313 | +€7,573 | +14.9% |
| Plant, machinery and equipment | 23 | €44,972 | €55,983 | +€11,011 | +24.5% |
| Furniture and vehicles | 24 | €5,768 | €2,330 | -€3,438 | -59.6% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €17,244 | €27,645 | +€10,401 | +60.3% |
| Stocks and contracts in progress | 3 | €9,692 | €15,692 | +€6,000 | +61.9% |
| Stocks | 30/36 | €9,692 | €15,692 | +€6,000 | +61.9% |
| Amounts receivable within one year | 40/41 | €6,161 | €10,000 | +€3,839 | +62.3% |
| Trade receivables | 40 | €5,910 | €10,000 | +€4,090 | +69.2% |
| Other amounts receivable | 41 | €251 | - | -€251 | |
| Cash at bank and in hand | 54/58 | €1,391 | €1,953 | +€562 | +40.4% |
| Total equity and liabilities | 10/49 | €68,174 | €86,148 | +€17,974 | +26.4% |
| Equity | 10/15 | €15,996 | €17,516 | +€1,520 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€4,464 | -€2,944 | +€1,520 | +34.1% |
| Amounts payable | 17/49 | €52,178 | €68,632 | +€16,454 | +31.5% |
| Amounts payable after more than one year | 17 | €13,507 | €5,072 | -€8,435 | -62.4% |
| Financial debts | 170/4 | €13,507 | €5,072 | -€8,435 | -62.4% |
| Amounts payable within one year | 42/48 | €38,671 | €63,560 | +€24,889 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €8,117 | €8,435 | +€318 | +3.9% |
| Trade debts | 44 | €19,438 | €18,806 | -€632 | -3.3% |
| Suppliers | 440/4 | €19,438 | €18,806 | -€632 | -3.3% |
| Taxes, remuneration and social security | 45 | €11,116 | €12,504 | +€1,388 | +12.5% |
| Taxes | 450/3 | €3,638 | €5,835 | +€2,197 | +60.4% |
| Remuneration and social security | 454/9 | €7,478 | €6,669 | -€809 | -10.8% |
| Other amounts payable | 47/48 | - | €23,815 | +€23,815 | |
| Remuneration, social security and pensions | 62 | €38,404 | €28,212 | -€10,192 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,909 | €9,596 | -€313 | -3.2% |
| Other operating charges | 640/8 | - | €4,755 | +€4,755 | |
| Gross operating margin | 9900 | €50,847 | €49,283 | -€1,564 | -3.1% |
| Operating profit (loss) | 9901 | €2,534 | €6,720 | +€4,186 | +165% |
| Financial charges | 65/66B | €3,649 | €1,972 | -€1,677 | -46.0% |
| Recurring financial charges | 65 | €3,649 | €1,972 | -€1,677 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,115 | €4,748 | +€5,863 | |
| Income taxes | 67/77 | - | €461 | +€461 | |
| Profit (loss) for the period | 9904 | -€1,115 | €4,287 | +€5,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,115 | €4,287 | +€5,402 |
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 19 October 2026 via checked.be.