Seriart: 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.
Seriart
Largest movements
- Cash +€11,198
up €11,198 (+195.5%), from €5,729 to €16,927
mainly Trade debts (+€11,894) and Depreciation (+€6,110)
- Receivables within one year +€8,498
up €8,498 (+71.6%), from €11,863 to €20,361
of which Trade receivables: +€8,767
- Tangible fixed assets +€4,579
up €4,579 (+78.2%), from €5,857 to €10,436
of which Plant, machinery and equipment: +€4,427
- Intangible fixed assets -€4,000
down €4,000 (-20.0%), from €20,000 to €16,000
- Deferred charges and accrued income +€866
up €866 (+889.1%), from €97 to €963
- Trade debts +€11,894
up €11,894 (+142.1%), from €8,368 to €20,262
- Tax, wage and social debts +€5,600
up €5,600 (+67.1%), from €8,350 to €13,950
of which Taxes: +€5,600
- Reserves +€3,654
up €3,654 (+47.2%), from €7,741 to €11,395
- Current portion of long-term debt -€691
no longer reported in 2025 (was €691)
- Other debts +€683
up €683 (+129.9%), from €526 to €1,210
- Gross operating margin -€18,375
down €18,375 (-51.8%), from €35,475 to €17,101
- Financial charges -€3,027
down €3,027 (-91.4%), from €3,313 to €286
- Taxes -€2,388
down €2,388 (-47.8%), from €5,000 to €2,612
- Write-downs +€1,087
no longer reported in 2025 (was -€1,087)
- Other operating charges -€1,041
down €1,041 (-40.8%), from €2,551 to €1,511
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 | €45,047 | €66,187 | +€21,140 | +46.9% |
| Fixed assets | 21/28 | €27,357 | €27,936 | +€579 | +2.1% |
| Intangible fixed assets | 21 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Tangible fixed assets | 22/27 | €5,857 | €10,436 | +€4,579 | +78.2% |
| Plant, machinery and equipment | 23 | €2,197 | €6,624 | +€4,427 | +201.5% |
| Furniture and vehicles | 24 | €3,660 | €3,812 | +€151 | +4.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €17,690 | €38,251 | +€20,562 | +116.2% |
| Amounts receivable within one year | 40/41 | €11,863 | €20,361 | +€8,498 | +71.6% |
| Trade receivables | 40 | €11,595 | €20,361 | +€8,767 | +75.6% |
| Other amounts receivable | 41 | €269 | - | -€269 | |
| Cash at bank and in hand | 54/58 | €5,729 | €16,927 | +€11,198 | +195.5% |
| Deferred charges and accrued income | 490/1 | €97 | €963 | +€866 | +889.1% |
| Total equity and liabilities | 10/49 | €45,047 | €66,187 | +€21,140 | +46.9% |
| Equity | 10/15 | €27,112 | €30,766 | +€3,654 | +13.5% |
| Contributions | 10/11 | €19,371 | €19,371 | = | 0.0% |
| Reserves | 13 | €7,741 | €11,395 | +€3,654 | +47.2% |
| Distributable reserves | 133 | €7,741 | €11,395 | +€3,654 | +47.2% |
| Amounts payable | 17/49 | €17,935 | €35,421 | +€17,486 | +97.5% |
| Amounts payable within one year | 42/48 | €17,935 | €35,421 | +€17,486 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | €691 | - | -€691 | |
| Trade debts | 44 | €8,368 | €20,262 | +€11,894 | +142.1% |
| Suppliers | 440/4 | €8,368 | €20,262 | +€11,894 | +142.1% |
| Taxes, remuneration and social security | 45 | €8,350 | €13,950 | +€5,600 | +67.1% |
| Taxes | 450/3 | €6,064 | €11,664 | +€5,600 | +92.3% |
| Remuneration and social security | 454/9 | €2,286 | €2,286 | = | 0.0% |
| Other amounts payable | 47/48 | €526 | €1,210 | +€683 | +129.9% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | - | €690 | +€690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,030 | €6,110 | +€80 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,087 | - | +€1,087 | |
| Other operating charges | 640/8 | €2,551 | €1,511 | -€1,041 | -40.8% |
| Non-recurring operating charges | 66A | - | €2,258 | +€2,258 | |
| Gross operating margin | 9900 | €35,475 | €17,101 | -€18,375 | -51.8% |
| Operating profit (loss) | 9901 | €27,982 | €6,532 | -€21,449 | -76.7% |
| Financial income | 75/76B | €15 | €19 | +€4 | +25.5% |
| Recurring financial income | 75 | €15 | €19 | +€4 | +25.5% |
| Financial charges | 65/66B | €3,313 | €286 | -€3,027 | -91.4% |
| Recurring financial charges | 65 | €3,313 | €286 | -€3,027 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €24,684 | €6,265 | -€18,419 | -74.6% |
| Income taxes | 67/77 | €5,000 | €2,612 | -€2,388 | -47.8% |
| Profit (loss) for the period | 9904 | €19,684 | €3,654 | -€16,030 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,684 | €3,654 | -€16,030 | -81.4% |
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 12 October 2026 via checked.be.