Sereni Finco: 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.
Sereni Finco
Largest movements
- Receivables within one year +€208.0m
new in 2025: €208.0m
- Cash +€8.0m
up €8.0m (+201,766%), from €3,980 to €8.0m
mainly Debts after one year (+€213.8m) and Accrued charges and deferred income (+€2.0m)
- Debts after one year +€213.8m
new in 2025: €213.8m
- Financial income +€8.4m
new in 2025: €8.4m
- Financial charges +€8.0m
up €8.0m (+1,696,652%), from €472 to €8.0m
- Staff costs +€86,623
new in 2025: €86,623
- Taxes +€76,298
new in 2025: €76,298
- Gross operating margin +€2,123
new in 2025: €2,123
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 | €3,980 | €216,043,620 | +€216.0m | +5,427,545% |
| Current assets | 29/58 | €3,980 | €216,043,620 | +€216.0m | +5,427,545% |
| Amounts receivable within one year | 40/41 | - | €208,008,482 | +€208.0m | |
| Other amounts receivable | 41 | - | €208,008,482 | +€208.0m | |
| Cash at bank and in hand | 54/58 | €3,980 | €8,035,138 | +€8.0m | +201,766% |
| Total equity and liabilities | 10/49 | €3,980 | €216,043,620 | +€216.0m | +5,427,545% |
| Equity | 10/15 | €1,673 | €213,590 | +€211,917 | +12,663% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €207,590 | +€207,590 | |
| Distributable reserves | 133 | - | €207,590 | +€207,590 | |
| Profit (loss) carried forward | 14 | -€4,327 | €0 | +€4,327 | |
| Amounts payable | 17/49 | €2,307 | €215,830,029 | +€215.8m | +9,355,585% |
| Amounts payable after more than one year | 17 | - | €213,750,000 | +€213.8m | |
| Financial debts | 170/4 | - | €213,750,000 | +€213.8m | |
| Amounts payable within one year | 42/48 | €2,307 | €88,437 | +€86,130 | +3,734% |
| Trade debts | 44 | - | €267 | +€267 | |
| Suppliers | 440/4 | - | €267 | +€267 | |
| Taxes, remuneration and social security | 45 | - | €88,170 | +€88,170 | |
| Taxes | 450/3 | - | €76,298 | +€76,298 | |
| Remuneration and social security | 454/9 | - | €11,872 | +€11,872 | |
| Other amounts payable | 47/48 | €2,307 | €0 | -€2,307 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,991,593 | +€2.0m | |
| Remuneration, social security and pensions | 62 | - | €86,623 | +€86,623 | |
| Other operating charges | 640/8 | €887 | €1,282 | +€396 | +44.7% |
| Gross operating margin | 9900 | - | €2,123 | +€2,123 | |
| Operating profit (loss) | 9901 | -€887 | -€85,782 | -€84,895 | -9,575% |
| Financial income | 75/76B | - | €8,380,631 | +€8.4m | |
| Recurring financial income | 75 | - | €8,380,631 | +€8.4m | |
| Financial charges | 65/66B | €472 | €8,006,634 | +€8.0m | +1,696,652% |
| Recurring financial charges | 65 | €472 | €8,006,634 | +€8.0m | +1,696,652% |
| Profit (loss) for the period before taxes | 9903 | -€1,358 | €288,215 | +€289,573 | |
| Income taxes | 67/77 | - | €76,298 | +€76,298 | |
| Profit (loss) for the period | 9904 | -€1,358 | €211,917 | +€213,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,358 | €211,917 | +€213,275 |
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 17 October 2026 via checked.be.