SERESCO: 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.
SERESCO
Largest movements
- Tangible fixed assets -€1,650
down €1,650 (-71.8%), from €2,300 to €649
- Receivables within one year +€1,447
up €1,447 (+15.5%), from €9,334 to €10,781
of which Other amounts receivable: +€1,144
- Reserves -€9,803
down €9,803 (-56.4%), from €17,392 to €7,589
- Other debts +€6,077
up €6,077 (+94.7%), from €6,419 to €12,495
- Tax, wage and social debts +€3,922
up €3,922 (+81.9%), from €4,788 to €8,710
- Accrued charges and deferred income -€508
down €508 (-56.0%), from €908 to €400
- Trade debts +€322
up €322 (+41.3%), from €778 to €1,099
- Gross operating margin +€5,620
up €5,620 (+41.5%), from €13,537 to €19,157
- Taxes +€1,656
up €1,656 (+58.6%), from €2,825 to €4,481
- Depreciation -€513
down €513 (-23.7%), from €2,163 to €1,650
- Financial charges -€376
down €376 (-82.8%), from €454 to €78
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.
Cash bridge derived
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 | €30,385 | €30,394 | +€9 | 0.0% |
| Fixed assets | 21/28 | €2,300 | €649 | -€1,650 | -71.8% |
| Tangible fixed assets | 22/27 | €2,300 | €649 | -€1,650 | -71.8% |
| Furniture and vehicles | 24 | €2,300 | €649 | -€1,650 | -71.8% |
| Current assets | 29/58 | €28,085 | €29,744 | +€1,659 | +5.9% |
| Amounts receivable within one year | 40/41 | €9,334 | €10,781 | +€1,447 | +15.5% |
| Trade receivables | 40 | €8,014 | €8,316 | +€303 | +3.8% |
| Other amounts receivable | 41 | €1,321 | €2,465 | +€1,144 | +86.6% |
| Cash at bank and in hand | 54/58 | €18,617 | €18,826 | +€209 | +1.1% |
| Deferred charges and accrued income | 490/1 | €134 | €137 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €30,385 | €30,394 | +€9 | 0.0% |
| Equity | 10/15 | €17,492 | €7,689 | -€9,803 | -56.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €17,392 | €7,589 | -€9,803 | -56.4% |
| Distributable reserves | 133 | €17,392 | €7,589 | -€9,803 | -56.4% |
| Amounts payable | 17/49 | €12,893 | €22,705 | +€9,812 | +76.1% |
| Amounts payable within one year | 42/48 | €11,985 | €22,305 | +€10,320 | +86.1% |
| Trade debts | 44 | €778 | €1,099 | +€322 | +41.3% |
| Suppliers | 440/4 | €778 | €1,099 | +€322 | +41.3% |
| Taxes, remuneration and social security | 45 | €4,788 | €8,710 | +€3,922 | +81.9% |
| Taxes | 450/3 | €4,788 | €8,710 | +€3,922 | +81.9% |
| Other amounts payable | 47/48 | €6,419 | €12,495 | +€6,077 | +94.7% |
| Accrued charges and deferred income | 492/3 | €908 | €400 | -€508 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,163 | €1,650 | -€513 | -23.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €13,537 | €19,157 | +€5,620 | +41.5% |
| Operating profit (loss) | 9901 | €10,868 | €16,987 | +€6,119 | +56.3% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €454 | €78 | -€376 | -82.8% |
| Recurring financial charges | 65 | €454 | €78 | -€376 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €10,414 | €16,976 | +€6,562 | +63.0% |
| Income taxes | 67/77 | €2,825 | €4,481 | +€1,656 | +58.6% |
| Profit (loss) for the period | 9904 | €7,589 | €12,495 | +€4,906 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,589 | €12,495 | +€4,906 | +64.6% |
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 10 October 2026 via checked.be.