SERIS TECHNOLOGY: 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.
What changed
SERIS TECHNOLOGY
NACE 80.010, Investigation and private security services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€856,965
2024 · €885,085-€28,120
Equity
€3.7m
2024 · €2.8m+€856,965
Cash
€750,815
2024 · €292,164+€458,651
Balance sheet total
€12.5m
2024 · €13.2m-€765,172
Largest movements
Assets
- Stocks and contracts -€2.1m
down €2.1m (-30.9%), from €6.7m to €4.6m
of which Contracts in progress: -€1.4m
- Receivables within one year +€503,203
up €503,203 (+9.2%), from €5.5m to €6.0m
of which Trade receivables: +€675,424
- Cash +€458,651
up €458,651 (+157.0%), from €292,164 to €750,815
mainly Stocks and contracts (+€2.1m) and Net result for the year (+€856,965)
- Deferred charges and accrued income +€134,098
up €134,098 (+40.9%), from €327,757 to €461,856
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-39.7%), from €4.2m to €2.5m
- Profit (loss) carried forward +€814,117
up €814,117 (+74.5%), from €1.1m to €1.9m
- Accrued charges and deferred income +€473,448
up €473,448 (+61.7%), from €766,747 to €1.2m
- Advances received -€428,249
down €428,249 (-26.4%), from €1.6m to €1.2m
Income statement
- Turnover +€3.0m
up €3.0m (+9.2%), from €32.2m to €35.1m
- Goods and materials -€2.1m
down €2.1m (-15.7%), from €13.3m to €11.2m
of which Purchases: -€1.9m
- Services and other goods +€1.7m
up €1.7m (+23.6%), from €7.3m to €9.0m
- Staff costs +€1.3m
up €1.3m (+11.7%), from €10.8m to €12.0m
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
€885,085
Turnover
+€3.0m
Other operating income
-€36,960
Goods and materials
+€2.1m
Services and other goods
-€1.7m
Staff costs
-€1.3m
Depreciation
-€24,788
Write-downs
+€174,249
Provisions
+€19,667
Other operating charges
+€147,064
Other operating items
-€2.3m
Financial income
+€220
Financial charges
+€65,657
Taxes
-€137,201
Result 2025
€856,965
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
+€927,658
Investment
-€469,007
Financing
€0
Cash 2024
€292,164
From operations (derived)
+€927,658
Net result for the year
+€856,965
Depreciation
+€259,318
Stocks and contracts
+€2.1m
Receivables within one year
-€503,203
Deferred charges and accrued income
-€134,098
Provisions
-€20,333
Trade debts
-€1.7m
Tax, wage and social debts
+€55,719
Advances received
-€428,249
Other debts
-€48,546
Accrued charges and deferred income
+€473,448
Investment (derived)
-€469,007
Investment in fixed assets (net)
-€469,007
Cash 2025
€750,815
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,235,573 | €12,470,400 | -€765,172 | -5.8% |
| Fixed assets | 21/28 | €421,950 | €631,639 | +€209,689 | +49.7% |
| Intangible fixed assets | 21 | €238,701 | €239,132 | +€431 | +0.2% |
| Tangible fixed assets | 22/27 | €181,249 | €259,757 | +€78,508 | +43.3% |
| Plant, machinery and equipment | 23 | €14,547 | €8,912 | -€5,634 | -38.7% |
| Furniture and vehicles | 24 | €137,950 | €230,800 | +€92,850 | +67.3% |
| Other tangible fixed assets | 26 | €28,752 | €20,045 | -€8,708 | -30.3% |
| Financial fixed assets | 28 | €2,000 | €132,750 | +€130,750 | +6537.5% |
| Other financial fixed assets | 284/8 | €2,000 | €132,750 | +€130,750 | +6537.5% |
| Amounts receivable and cash guarantees | 285/8 | €2,000 | €132,750 | +€130,750 | +6537.5% |
| Current assets | 29/58 | €12,813,623 | €11,838,761 | -€974,861 | -7.6% |
| Stocks and contracts in progress | 3 | €6,707,773 | €4,636,959 | -€2.1m | -30.9% |
| Stocks | 30/36 | €1,764,953 | €1,062,616 | -€702,336 | -39.8% |
| Goods purchased for resale | 34 | €1,664,519 | €1,062,301 | -€602,219 | -36.2% |
| Advance payments | 36 | €100,433 | €316 | -€100,118 | -99.7% |
| Contracts in progress | 37 | €4,942,820 | €3,574,342 | -€1.4m | -27.7% |
| Amounts receivable within one year | 40/41 | €5,485,929 | €5,989,132 | +€503,203 | +9.2% |
| Trade receivables | 40 | €4,674,677 | €5,350,101 | +€675,424 | +14.4% |
| Other amounts receivable | 41 | €811,251 | €639,031 | -€172,220 | -21.2% |
| Cash at bank and in hand | 54/58 | €292,164 | €750,815 | +€458,651 | +157.0% |
| Deferred charges and accrued income | 490/1 | €327,757 | €461,856 | +€134,098 | +40.9% |
| Total equity and liabilities | 10/49 | €13,235,573 | €12,470,400 | -€765,172 | -5.8% |
| Equity | 10/15 | €2,838,575 | €3,695,540 | +€856,965 | +30.2% |
| Contributions | 10/11 | €1,652,400 | €1,652,400 | = | 0.0% |
| Capital | 10 | €1,652,400 | €1,652,400 | = | 0.0% |
| Issued capital | 100 | €1,652,400 | €1,652,400 | = | 0.0% |
| Reserves | 13 | €93,582 | €136,431 | +€42,848 | +45.8% |
| Non-distributable reserves | 130/1 | €93,582 | €136,431 | +€42,848 | +45.8% |
| Legal reserve | 130 | €93,582 | €136,431 | +€42,848 | +45.8% |
| Profit (loss) carried forward | 14 | €1,092,593 | €1,906,709 | +€814,117 | +74.5% |
| Provisions and deferred taxes | 16 | €51,833 | €31,500 | -€20,333 | -39.2% |
| Provisions for liabilities and charges | 160/5 | €51,833 | €31,500 | -€20,333 | -39.2% |
| Other liabilities and charges | 164/5 | €51,833 | €31,500 | -€20,333 | -39.2% |
| Amounts payable | 17/49 | €10,345,164 | €8,743,360 | -€1.6m | -15.5% |
| Amounts payable within one year | 42/48 | €9,578,417 | €7,503,165 | -€2.1m | -21.7% |
| Trade debts | 44 | €4,168,825 | €2,514,649 | -€1.7m | -39.7% |
| Suppliers | 440/4 | €4,168,825 | €2,514,649 | -€1.7m | -39.7% |
| Advances received on contracts in progress | 46 | €1,623,790 | €1,195,542 | -€428,249 | -26.4% |
| Taxes, remuneration and social security | 45 | €2,219,022 | €2,274,741 | +€55,719 | +2.5% |
| Taxes | 450/3 | €264,974 | €326,487 | +€61,513 | +23.2% |
| Remuneration and social security | 454/9 | €1,954,048 | €1,948,254 | -€5,794 | -0.3% |
| Other amounts payable | 47/48 | €1,566,780 | €1,518,234 | -€48,546 | -3.1% |
| Accrued charges and deferred income | 492/3 | €766,747 | €1,240,195 | +€473,448 | +61.7% |
| Operating income | 70/76A | €33,197,522 | €33,805,203 | +€607,681 | +1.8% |
| Turnover | 70 | €32,158,111 | €35,110,338 | +€3.0m | +9.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €789,484 | -€1,518,102 | -€2.3m | |
| Other operating income | 74 | €249,927 | €212,967 | -€36,960 | -14.8% |
| Operating charges | 60/66A | €31,988,754 | €32,553,231 | +€564,477 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €13,341,712 | €11,240,843 | -€2.1m | -15.7% |
| Purchases | 600/8 | €12,560,606 | €10,638,625 | -€1.9m | -15.3% |
| Change in stocks: decrease (increase) | 609 | €781,106 | €602,219 | -€178,887 | -22.9% |
| Services and other goods | 61 | €7,300,452 | €9,025,146 | +€1.7m | +23.6% |
| Remuneration, social security and pensions | 62 | €10,769,945 | €12,026,789 | +€1.3m | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,530 | €259,318 | +€24,788 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €63,399 | -€110,850 | -€174,249 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€667 | -€20,333 | -€19,667 | -2950.3% |
| Other operating charges | 640/8 | €279,382 | €132,318 | -€147,064 | -52.6% |
| Operating profit (loss) | 9901 | €1,208,769 | €1,251,972 | +€43,204 | +3.6% |
| Financial income | 75/76B | €491 | €711 | +€220 | +44.9% |
| Recurring financial income | 75 | €491 | €711 | +€220 | +44.9% |
| Income from current assets | 751 | - | €134 | +€134 | |
| Other financial income | 752/9 | €491 | €577 | +€86 | +17.6% |
| Financial charges | 65/66B | €300,263 | €234,606 | -€65,657 | -21.9% |
| Recurring financial charges | 65 | €300,263 | €234,606 | -€65,657 | -21.9% |
| Debt charges | 650 | €275,484 | €203,291 | -€72,193 | -26.2% |
| Other financial charges | 652/9 | €24,778 | €31,314 | +€6,536 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €908,997 | €1,018,078 | +€109,081 | +12.0% |
| Income taxes | 67/77 | €23,912 | €161,113 | +€137,201 | +573.8% |
| Taxes | 670/3 | €23,912 | €161,113 | +€137,201 | +573.8% |
| Profit (loss) for the period | 9904 | €885,085 | €856,965 | -€28,120 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €885,085 | €856,965 | -€28,120 | -3.2% |
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 10 October 2026 via checked.be.