SERICO: 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.
SERICO
Largest movements
- Receivables within one year +€136,923
up €136,923 (+287.6%), from €47,603 to €184,526
of which Trade receivables: +€138,307
- Cash -€117,965
down €117,965 (-79.0%), from €149,328 to €31,364
mainly Receivables within one year (-€136,923) and Debts after one year (-€62,429)
- Tangible fixed assets -€51,231
down €51,231 (-11.7%), from €436,656 to €385,425
- Debts after one year -€62,429
down €62,429 (-26.2%), from €238,286 to €175,857
- Profit (loss) carried forward +€31,140
up €31,140 (+69.2%), from -€45,002 to -€13,862
- Depreciation -€48,695
down €48,695 (-40.9%), from €119,126 to €70,431
- Gross operating margin -€13,863
down €13,863 (-11.2%), from €124,282 to €110,419
- Financial charges +€4,776
up €4,776 (+116.9%), from €4,086 to €8,861
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 | €635,243 | €603,444 | -€31,799 | -5.0% |
| Fixed assets | 21/28 | €436,656 | €385,425 | -€51,231 | -11.7% |
| Tangible fixed assets | 22/27 | €436,656 | €385,425 | -€51,231 | -11.7% |
| Plant, machinery and equipment | 23 | €436,656 | €385,425 | -€51,231 | -11.7% |
| Current assets | 29/58 | €198,587 | €218,019 | +€19,432 | +9.8% |
| Stocks and contracts in progress | 3 | €1,656 | €1,656 | = | 0.0% |
| Stocks | 30/36 | €1,656 | €1,656 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,603 | €184,526 | +€136,923 | +287.6% |
| Trade receivables | 40 | €43,969 | €182,276 | +€138,307 | +314.6% |
| Other amounts receivable | 41 | €3,634 | €2,250 | -€1,384 | -38.1% |
| Cash at bank and in hand | 54/58 | €149,328 | €31,364 | -€117,965 | -79.0% |
| Deferred charges and accrued income | 490/1 | - | €474 | +€474 | |
| Total equity and liabilities | 10/49 | €635,243 | €603,444 | -€31,799 | -5.0% |
| Equity | 10/15 | -€22,113 | €6,598 | +€28,711 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,002 | -€13,862 | +€31,140 | +69.2% |
| Investment grants | 15 | €2,429 | - | -€2,429 | |
| Amounts payable | 17/49 | €657,356 | €596,846 | -€60,510 | -9.2% |
| Amounts payable after more than one year | 17 | €238,286 | €175,857 | -€62,429 | -26.2% |
| Financial debts | 170/4 | €238,286 | €175,857 | -€62,429 | -26.2% |
| Amounts payable within one year | 42/48 | €419,070 | €420,989 | +€1,919 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €62,429 | €62,429 | +€0 | 0.0% |
| Trade debts | 44 | €14,797 | €15,099 | +€302 | +2.0% |
| Suppliers | 440/4 | €14,797 | €15,099 | +€302 | +2.0% |
| Other amounts payable | 47/48 | €341,845 | €343,462 | +€1,617 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,126 | €70,431 | -€48,695 | -40.9% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €124,282 | €110,419 | -€13,863 | -11.2% |
| Operating profit (loss) | 9901 | €4,771 | €39,601 | +€34,830 | +730.0% |
| Financial income | 75/76B | €124 | €572 | +€448 | +361.3% |
| Recurring financial income | 75 | €124 | €572 | +€448 | +361.3% |
| Financial charges | 65/66B | €4,086 | €8,861 | +€4,776 | +116.9% |
| Recurring financial charges | 65 | €4,086 | €8,861 | +€4,776 | +116.9% |
| Profit (loss) for the period before taxes | 9903 | €809 | €31,311 | +€30,502 | +3768.4% |
| Income taxes | 67/77 | - | €172 | +€172 | |
| Profit (loss) for the period | 9904 | €809 | €31,140 | +€30,330 | +3747.2% |
| Profit (loss) for the period to be appropriated | 9905 | €809 | €31,140 | +€30,330 | +3747.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.