Serico Solutions: 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 Solutions
Largest movements
- Current investments +€41,233
up €41,233 (+26.6%), from €155,072 to €196,304
- Cash +€14,656
up €14,656 (+46.5%), from €31,525 to €46,180
mainly Net result for the year (+€77,860) and Depreciation (+€17,495)
- Tangible fixed assets -€11,458
down €11,458 (-35.0%), from €32,747 to €21,288
of which Furniture and vehicles: -€12,697
- Receivables after one year -€9,375
down €9,375 (-100.0%), from €9,375 to €0
- Deferred charges and accrued income +€5,076
up €5,076 (+608.6%), from €834 to €5,910
- Reserves +€61,360
up €61,360 (+25.2%), from €243,884 to €305,244
- Other debts -€20,776
down €20,776 (-95.8%), from €21,694 to €918
- Financial income -€72,330
down €72,330 (-95.9%), from €75,449 to €3,119
- Gross operating margin +€38,280
up €38,280 (+44.1%), from €86,828 to €125,108
- Taxes -€9,663
down €9,663 (-23.4%), from €41,279 to €31,616
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 | €289,074 | €334,150 | +€45,076 | +15.6% |
| Fixed assets | 21/28 | €32,747 | €21,288 | -€11,458 | -35.0% |
| Tangible fixed assets | 22/27 | €32,747 | €21,288 | -€11,458 | -35.0% |
| Plant, machinery and equipment | 23 | €7,484 | €8,723 | +€1,239 | +16.6% |
| Furniture and vehicles | 24 | €25,263 | €12,566 | -€12,697 | -50.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €256,328 | €312,862 | +€56,534 | +22.1% |
| Amounts receivable after more than one year | 29 | €9,375 | €0 | -€9,375 | -100.0% |
| Other amounts receivable | 291 | €9,375 | €0 | -€9,375 | -100.0% |
| Amounts receivable within one year | 40/41 | €59,522 | €64,467 | +€4,945 | +8.3% |
| Trade receivables | 40 | €22,022 | €55,092 | +€33,070 | +150.2% |
| Other amounts receivable | 41 | €37,500 | €9,375 | -€28,125 | -75.0% |
| Current investments | 50/53 | €155,072 | €196,304 | +€41,233 | +26.6% |
| Cash at bank and in hand | 54/58 | €31,525 | €46,180 | +€14,656 | +46.5% |
| Deferred charges and accrued income | 490/1 | €834 | €5,910 | +€5,076 | +608.6% |
| Total equity and liabilities | 10/49 | €289,074 | €334,150 | +€45,076 | +15.6% |
| Equity | 10/15 | €248,022 | €309,382 | +€61,360 | +24.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €243,884 | €305,244 | +€61,360 | +25.2% |
| Distributable reserves | 133 | €243,884 | €305,244 | +€61,360 | +25.2% |
| Profit (loss) carried forward | 14 | €1,138 | €1,138 | = | 0.0% |
| Amounts payable | 17/49 | €41,053 | €24,768 | -€16,284 | -39.7% |
| Amounts payable within one year | 42/48 | €41,053 | €22,333 | -€18,720 | -45.6% |
| Trade debts | 44 | €1,729 | €1,356 | -€372 | -21.5% |
| Suppliers | 440/4 | €1,729 | €1,356 | -€372 | -21.5% |
| Taxes, remuneration and social security | 45 | €17,630 | €20,059 | +€2,428 | +13.8% |
| Taxes | 450/3 | €17,630 | €18,173 | +€542 | +3.1% |
| Remuneration and social security | 454/9 | - | €1,886 | +€1,886 | |
| Other amounts payable | 47/48 | €21,694 | €918 | -€20,776 | -95.8% |
| Accrued charges and deferred income | 492/3 | - | €2,436 | +€2,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,145 | €17,495 | +€350 | +2.0% |
| Other operating charges | 640/8 | €1,101 | €944 | -€157 | -14.2% |
| Gross operating margin | 9900 | €86,828 | €125,108 | +€38,280 | +44.1% |
| Operating profit (loss) | 9901 | €68,582 | €106,669 | +€38,087 | +55.5% |
| Financial income | 75/76B | €75,449 | €3,119 | -€72,330 | -95.9% |
| Recurring financial income | 75 | €75,449 | €3,119 | -€72,330 | -95.9% |
| Financial charges | 65/66B | €370 | €311 | -€58 | -15.8% |
| Recurring financial charges | 65 | €370 | €311 | -€58 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €143,661 | €109,477 | -€34,185 | -23.8% |
| Income taxes | 67/77 | €41,279 | €31,616 | -€9,663 | -23.4% |
| Profit (loss) for the period | 9904 | €102,382 | €77,860 | -€24,522 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,382 | €77,860 | -€24,522 | -24.0% |
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.