SERIS Security: what changed
Two fiscal 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.
What changed
SERIS Security
NACE 80.010, Investigation and private security services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · -€2.2m+€3.2m
Equity
€11.7m
2024 · €10.7m+€1.0m
Cash
€5.7m
2024 · €8.1m-€2.3m
Balance sheet total
€40.5m
2024 · €42.7m-€2.1m
Largest movements
Assets
- Cash -€2.3m
down €2.3m (-28.8%), from €8.1m to €5.7m
mainly Other debts (-€1.9m) and Tax, wage and social debts (-€1.2m)
- Intangible fixed assets +€551,676
up €551,676 (+68.0%), from €811,775 to €1.4m
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-22.3%), from €8.3m to €6.4m
- Tax, wage and social debts -€1.2m
down €1.2m (-7.4%), from €16.1m to €14.9m
of which Remuneration and social security: -€1.1m
- Profit (loss) carried forward +€1.0m
up €1.0m (+46.5%), from -€2.2m to -€1.2m
Income statement
- Provisions +€10.1m
up €10.1m, from -€10.1m to €42,215
- Other operating charges -€10.0m
down €10.0m (-97.6%), from €10.3m to €246,566
- Turnover +€2.6m
up €2.6m (+3.0%), from €87.5m to €90.2m
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.
Result 2024
-€2.2m
Turnover
+€2.6m
Other operating income
+€284,890
Services and other goods
+€194,288
Staff costs
-€237,910
Depreciation
+€95,323
Write-downs
-€12,928
Provisions
-€10.1m
Other operating charges
+€10.0m
Other operating items
+€153,721
Financial income
-€84,826
Financial charges
+€424,326
Taxes
-€137,420
Result 2025
€1.0m
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.
From operations
-€1.2m
Investment
-€1.2m
Financing
€0
Cash 2024
€8.1m
From operations (derived)
-€1.2m
Net result for the year
+€1.0m
Depreciation
+€763,777
Receivables after one year
-€18,529
Receivables within one year
+€158,840
Deferred charges and accrued income
+€79,430
Provisions
+€42,215
Trade debts
+€35,169
Tax, wage and social debts
-€1.2m
Other debts
-€1.9m
Accrued charges and deferred income
-€196,635
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Cash 2025
€5.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,653,934 | €40,504,059 | -€2.1m | -5.0% |
| Fixed assets | 21/28 | €19,064,614 | €19,463,557 | +€398,943 | +2.1% |
| Intangible fixed assets | 21 | €811,775 | €1,363,451 | +€551,676 | +68.0% |
| Tangible fixed assets | 22/27 | €1,220,647 | €1,066,886 | -€153,761 | -12.6% |
| Land and buildings | 22 | €228,033 | €200,609 | -€27,424 | -12.0% |
| Plant, machinery and equipment | 23 | €438,443 | €362,564 | -€75,878 | -17.3% |
| Furniture and vehicles | 24 | €243,897 | €213,800 | -€30,097 | -12.3% |
| Other tangible fixed assets | 26 | €295,513 | €268,968 | -€26,545 | -9.0% |
| Assets under construction and advance payments | 27 | €14,760 | €20,944 | +€6,184 | +41.9% |
| Financial fixed assets | 28 | €17,032,193 | €17,033,221 | +€1,028 | 0.0% |
| Affiliated companies | 280/1 | €16,959,328 | €16,959,328 | = | 0.0% |
| Participating interests | 280 | €16,959,328 | €16,959,328 | = | 0.0% |
| Other financial fixed assets | 284/8 | €72,865 | €73,893 | +€1,028 | +1.4% |
| Amounts receivable and cash guarantees | 285/8 | €72,865 | €73,893 | +€1,028 | +1.4% |
| Current assets | 29/58 | €23,589,319 | €21,040,502 | -€2.5m | -10.8% |
| Amounts receivable after more than one year | 29 | €103,987 | €122,515 | +€18,529 | +17.8% |
| Other amounts receivable | 291 | €103,987 | €122,515 | +€18,529 | +17.8% |
| Amounts receivable within one year | 40/41 | €14,434,130 | €14,275,290 | -€158,840 | -1.1% |
| Trade receivables | 40 | €12,162,537 | €11,817,185 | -€345,352 | -2.8% |
| Other amounts receivable | 41 | €2,271,593 | €2,458,105 | +€186,512 | +8.2% |
| Cash at bank and in hand | 54/58 | €8,074,921 | €5,745,844 | -€2.3m | -28.8% |
| Deferred charges and accrued income | 490/1 | €976,282 | €896,852 | -€79,430 | -8.1% |
| Total equity and liabilities | 10/49 | €42,653,934 | €40,504,059 | -€2.1m | -5.0% |
| Equity | 10/15 | €10,705,167 | €11,727,650 | +€1.0m | +9.6% |
| Contributions | 10/11 | €11,085,000 | €11,085,000 | = | 0.0% |
| Capital | 10 | €11,085,000 | €11,085,000 | = | 0.0% |
| Issued capital | 100 | €11,085,000 | €11,085,000 | = | 0.0% |
| Reserves | 13 | €1,818,425 | €1,818,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €690,443 | €690,443 | = | 0.0% |
| Legal reserve | 130 | €670,000 | €670,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,443 | €20,443 | = | 0.0% |
| Tax-exempt reserves | 132 | €961,655 | €961,655 | = | 0.0% |
| Distributable reserves | 133 | €166,327 | €166,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,198,258 | -€1,175,776 | +€1.0m | +46.5% |
| Provisions and deferred taxes | 16 | €590,007 | €632,222 | +€42,215 | +7.2% |
| Provisions for liabilities and charges | 160/5 | €590,007 | €632,222 | +€42,215 | +7.2% |
| Other liabilities and charges | 164/5 | €590,007 | €632,222 | +€42,215 | +7.2% |
| Amounts payable | 17/49 | €31,358,760 | €28,144,188 | -€3.2m | -10.3% |
| Amounts payable within one year | 42/48 | €29,254,135 | €26,236,198 | -€3.0m | -10.3% |
| Trade debts | 44 | €4,819,292 | €4,854,461 | +€35,169 | +0.7% |
| Suppliers | 440/4 | €4,819,292 | €4,854,461 | +€35,169 | +0.7% |
| Taxes, remuneration and social security | 45 | €16,145,364 | €14,944,730 | -€1.2m | -7.4% |
| Taxes | 450/3 | €2,049,662 | €1,976,842 | -€72,820 | -3.6% |
| Remuneration and social security | 454/9 | €14,095,702 | €12,967,888 | -€1.1m | -8.0% |
| Other amounts payable | 47/48 | €8,289,478 | €6,437,006 | -€1.9m | -22.3% |
| Accrued charges and deferred income | 492/3 | €2,104,625 | €1,907,990 | -€196,635 | -9.3% |
| Operating income | 70/76A | €95,993,861 | €99,060,862 | +€3.1m | +3.2% |
| Turnover | 70 | €87,544,996 | €90,173,385 | +€2.6m | +3.0% |
| Other operating income | 74 | €8,378,420 | €8,663,310 | +€284,890 | +3.4% |
| Non-recurring operating income | 76A | €70,446 | €224,167 | +€153,721 | +218.2% |
| Operating charges | 60/66A | €97,301,204 | €97,349,666 | +€48,462 | 0.0% |
| Services and other goods | 61 | €14,711,777 | €14,517,490 | -€194,288 | -1.3% |
| Remuneration, social security and pensions | 62 | €81,510,804 | €81,748,714 | +€237,910 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859,100 | €763,777 | -€95,323 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,975 | €30,904 | +€12,928 | +71.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,092,766 | €42,215 | +€10.1m | |
| Other operating charges | 640/8 | €10,294,314 | €246,566 | -€10.0m | -97.6% |
| Operating profit (loss) | 9901 | -€1,307,343 | €1,711,197 | +€3.0m | |
| Financial income | 75/76B | €196,534 | €111,707 | -€84,826 | -43.2% |
| Recurring financial income | 75 | €196,534 | €111,707 | -€84,826 | -43.2% |
| Income from current assets | 751 | €196,513 | €111,676 | -€84,837 | -43.2% |
| Other financial income | 752/9 | €20 | €31 | +€11 | +53.2% |
| Financial charges | 65/66B | €1,058,638 | €634,312 | -€424,326 | -40.1% |
| Recurring financial charges | 65 | €411,159 | €293,346 | -€117,812 | -28.7% |
| Debt charges | 650 | €357,118 | €203,851 | -€153,267 | -42.9% |
| Other financial charges | 652/9 | €54,041 | €89,496 | +€35,455 | +65.6% |
| Non-recurring financial charges | 66B | €647,479 | €340,966 | -€306,513 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,169,447 | €1,188,592 | +€3.4m | |
| Income taxes | 67/77 | €28,689 | €166,109 | +€137,420 | +479.0% |
| Taxes | 670/3 | €28,689 | €166,109 | +€137,420 | +479.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€2,198,136 | €1,022,483 | +€3.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,198,136 | €1,022,483 | +€3.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.