Sereni Holding: 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 Holding
Largest movements
- Receivables within one year +€27.7m
up €27.7m (+57.4%), from €48.3m to €76.1m
of which Other amounts receivable: +€27.8m
- Cash -€12.1m
down €12.1m (-96.5%), from €12.5m to €437,101
mainly Receivables within one year (-€27.7m) and Tax, wage and social debts (-€291,671)
- Contributions +€14.5m
up €14.5m (+24.4%), from €59.7m to €74.2m
- Financial income -€1.5m
down €1.5m (-54.2%), from €2.8m to €1.3m
- Taxes -€445,006
down €445,006 (-60.8%), from €731,992 to €286,985
- Turnover -€146,407
down €146,407 (-16.1%), from €906,725 to €760,318
- Other operating charges -€88,535
down €88,535 (-97.4%), from €90,912 to €2,377
- Other operating income -€45,339
down €45,339 (-11.1%), from €409,346 to €364,007
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 | €63,187,053 | €78,868,824 | +€15.7m | +24.8% |
| Fixed assets | 21/28 | €2,357,330 | €2,357,330 | = | 0.0% |
| Financial fixed assets | 28 | €2,357,330 | €2,357,330 | = | 0.0% |
| Affiliated companies | 280/1 | €2,357,330 | €2,357,330 | = | 0.0% |
| Participating interests | 280 | €1,625,000 | €1,625,000 | = | 0.0% |
| Amounts receivable | 281 | €732,330 | €732,330 | = | 0.0% |
| Current assets | 29/58 | €60,829,723 | €76,511,494 | +€15.7m | +25.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €48,342,615 | €76,072,995 | +€27.7m | +57.4% |
| Trade receivables | 40 | €1,228,071 | €1,139,556 | -€88,515 | -7.2% |
| Other amounts receivable | 41 | €47,114,544 | €74,933,439 | +€27.8m | +59.0% |
| Cash at bank and in hand | 54/58 | €12,487,108 | €437,101 | -€12.1m | -96.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,398 | +€1,398 | |
| Total equity and liabilities | 10/49 | €63,187,053 | €78,868,824 | +€15.7m | +24.8% |
| Equity | 10/15 | €62,178,944 | €77,498,401 | +€15.3m | +24.6% |
| Contributions | 10/11 | €59,675,411 | €74,209,809 | +€14.5m | +24.4% |
| Capital | 10 | €59,675,411 | €74,209,809 | +€14.5m | +24.4% |
| Issued capital | 100 | €59,675,411 | €74,209,809 | +€14.5m | +24.4% |
| Reserves | 13 | €2,503,532 | €3,288,592 | +€785,060 | +31.4% |
| Non-distributable reserves | 130/1 | €125,568 | €164,821 | +€39,253 | +31.3% |
| Legal reserve | 130 | €125,568 | €164,821 | +€39,253 | +31.3% |
| Distributable reserves | 133 | €2,377,965 | €3,123,771 | +€745,807 | +31.4% |
| Amounts payable | 17/49 | €1,008,109 | €1,370,423 | +€362,314 | +35.9% |
| Amounts payable within one year | 42/48 | €1,008,109 | €1,304,035 | +€295,926 | +29.4% |
| Trade debts | 44 | €276,117 | €131,722 | -€144,395 | -52.3% |
| Suppliers | 440/4 | €276,117 | €131,722 | -€144,395 | -52.3% |
| Taxes, remuneration and social security | 45 | €731,992 | €440,321 | -€291,671 | -39.8% |
| Taxes | 450/3 | €731,992 | €440,321 | -€291,671 | -39.8% |
| Other amounts payable | 47/48 | - | €731,992 | +€731,992 | |
| Accrued charges and deferred income | 492/3 | - | €66,388 | +€66,388 | |
| Operating income | 70/76A | €1,316,071 | €1,124,325 | -€191,746 | -14.6% |
| Turnover | 70 | €906,725 | €760,318 | -€146,407 | -16.1% |
| Other operating income | 74 | €409,346 | €364,007 | -€45,339 | -11.1% |
| Operating charges | 60/66A | €1,448,019 | €1,342,137 | -€105,882 | -7.3% |
| Services and other goods | 61 | €1,357,107 | €1,339,760 | -€17,347 | -1.3% |
| Other operating charges | 640/8 | €90,912 | €2,377 | -€88,535 | -97.4% |
| Operating profit (loss) | 9901 | -€131,949 | -€217,812 | -€85,863 | -65.1% |
| Financial income | 75/76B | €2,820,625 | €1,290,962 | -€1.5m | -54.2% |
| Recurring financial income | 75 | €2,820,625 | €1,290,962 | -€1.5m | -54.2% |
| Income from current assets | 751 | €2,820,625 | €1,290,962 | -€1.5m | -54.2% |
| Financial charges | 65/66B | €6,560 | €1,105 | -€5,456 | -83.2% |
| Recurring financial charges | 65 | €6,560 | €1,105 | -€5,456 | -83.2% |
| Other financial charges | 652/9 | €6,560 | €1,105 | -€5,456 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | €2,682,116 | €1,072,045 | -€1.6m | -60.0% |
| Income taxes | 67/77 | €731,992 | €286,985 | -€445,006 | -60.8% |
| Taxes | 670/3 | €731,992 | €286,985 | -€445,006 | -60.8% |
| Profit (loss) for the period | 9904 | €1,950,125 | €785,060 | -€1.2m | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,950,125 | €785,060 | -€1.2m | -59.7% |
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 18 October 2026 via checked.be.