SERFISCOMP: 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.
SERFISCOMP
Largest movements
- Receivables within one year +€61,434
up €61,434 (+28.7%), from €214,216 to €275,650
of which Trade receivables: +€54,434
- Tangible fixed assets -€8,525
down €8,525 (-24.5%), from €34,826 to €26,301
of which Furniture and vehicles: -€7,476
- Cash +€8,496
up €8,496 (+23.6%), from €36,003 to €44,499
mainly Net result for the year (+€49,593) and Tax, wage and social debts (+€13,373)
- Profit (loss) carried forward +€49,593
up €49,593 (+22.0%), from €225,774 to €275,366
- Tax, wage and social debts +€13,373
up €13,373 (+36.8%), from €36,320 to €49,694
of which Taxes: +€9,194
- Staff costs +€18,969
up €18,969 (+15.4%), from €122,903 to €141,872
- Gross operating margin +€17,599
up €17,599 (+9.0%), from €196,589 to €214,188
- Write-downs -€3,253
no longer reported in 2025 (was €3,253)
- Depreciation +€2,275
up €2,275 (+36.4%), from €6,250 to €8,525
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 | €285,441 | €346,847 | +€61,406 | +21.5% |
| Fixed assets | 21/28 | €34,826 | €26,301 | -€8,525 | -24.5% |
| Tangible fixed assets | 22/27 | €34,826 | €26,301 | -€8,525 | -24.5% |
| Plant, machinery and equipment | 23 | €3,899 | €2,850 | -€1,049 | -26.9% |
| Furniture and vehicles | 24 | €30,927 | €23,451 | -€7,476 | -24.2% |
| Current assets | 29/58 | €250,615 | €320,546 | +€69,931 | +27.9% |
| Amounts receivable within one year | 40/41 | €214,216 | €275,650 | +€61,434 | +28.7% |
| Trade receivables | 40 | €214,216 | €268,650 | +€54,434 | +25.4% |
| Other amounts receivable | 41 | - | €7,000 | +€7,000 | |
| Cash at bank and in hand | 54/58 | €36,003 | €44,499 | +€8,496 | +23.6% |
| Deferred charges and accrued income | 490/1 | €397 | €397 | = | 0.0% |
| Total equity and liabilities | 10/49 | €285,441 | €346,847 | +€61,406 | +21.5% |
| Equity | 10/15 | €246,234 | €295,826 | +€49,593 | +20.1% |
| 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 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,774 | €275,366 | +€49,593 | +22.0% |
| Amounts payable | 17/49 | €39,208 | €51,021 | +€11,813 | +30.1% |
| Amounts payable within one year | 42/48 | €39,208 | €51,021 | +€11,813 | +30.1% |
| Trade debts | 44 | €2,582 | €820 | -€1,762 | -68.2% |
| Suppliers | 440/4 | €2,582 | €820 | -€1,762 | -68.2% |
| Taxes, remuneration and social security | 45 | €36,320 | €49,694 | +€13,373 | +36.8% |
| Taxes | 450/3 | €22,797 | €31,991 | +€9,194 | +40.3% |
| Remuneration and social security | 454/9 | €13,524 | €17,703 | +€4,179 | +30.9% |
| Other amounts payable | 47/48 | €306 | €507 | +€201 | +65.8% |
| Remuneration, social security and pensions | 62 | €122,903 | €141,872 | +€18,969 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,250 | €8,525 | +€2,275 | +36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,253 | - | -€3,253 | |
| Other operating charges | 640/8 | €417 | €365 | -€53 | -12.6% |
| Gross operating margin | 9900 | €196,589 | €214,188 | +€17,599 | +9.0% |
| Operating profit (loss) | 9901 | €63,765 | €63,426 | -€339 | -0.5% |
| Financial income | 75/76B | €51 | €189 | +€138 | +272% |
| Recurring financial income | 75 | €51 | €189 | +€138 | +272% |
| Financial charges | 65/66B | €88 | €168 | +€80 | +90.9% |
| Recurring financial charges | 65 | €88 | €168 | +€80 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €63,728 | €63,447 | -€281 | -0.4% |
| Income taxes | 67/77 | €13,302 | €13,854 | +€552 | +4.2% |
| Profit (loss) for the period | 9904 | €50,426 | €49,593 | -€833 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,426 | €49,593 | -€833 | -1.7% |
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 20 October 2026 via checked.be.