SEROS: 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.
SEROS
Largest movements
- Cash +€6,506
up €6,506 (+26.6%), from €24,421 to €30,927
mainly Debts after one year (+€2,500) and Advances received (+€1,400)
- Tangible fixed assets -€577
down €577 (-17.8%), from €3,245 to €2,668
- Receivables within one year -€467
down €467 (-18.0%), from €2,589 to €2,122
of which Trade receivables: -€491
- Debts after one year +€2,500
new in 2025: €2,500
- Advances received +€1,400
new in 2025: €1,400
- Tax, wage and social debts +€840
up €840 (+130.0%), from €646 to €1,486
- Profit (loss) carried forward +€684
up €684 (+30.5%), from €2,240 to €2,924
- Gross operating margin -€362
down €362 (-16.1%), from €2,244 to €1,882
- Purchases and services +€250
up €250 (+5.0%), from €5,030 to €5,280
- Turnover -€111
down €111 (-1.5%), from €7,273 to €7,162
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 | €30,344 | €35,944 | +€5,600 | +18.5% |
| Fixed assets | 21/28 | €3,245 | €2,668 | -€577 | -17.8% |
| Tangible fixed assets | 22/27 | €3,245 | €2,668 | -€577 | -17.8% |
| Furniture and vehicles | 24 | €3,245 | €2,668 | -€577 | -17.8% |
| Current assets | 29/58 | €27,099 | €33,276 | +€6,177 | +22.8% |
| Amounts receivable within one year | 40/41 | €2,589 | €2,122 | -€467 | -18.0% |
| Trade receivables | 40 | €2,587 | €2,096 | -€491 | -19.0% |
| Other amounts receivable | 41 | €2 | €26 | +€24 | +1200.0% |
| Cash at bank and in hand | 54/58 | €24,421 | €30,927 | +€6,506 | +26.6% |
| Deferred charges and accrued income | 490/1 | €89 | €227 | +€138 | +155.1% |
| Total equity and liabilities | 10/49 | €30,344 | €35,944 | +€5,600 | +18.5% |
| Equity | 10/15 | €27,544 | €28,228 | +€684 | +2.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €304 | €304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €304 | €304 | = | 0.0% |
| Legal reserve | 130 | €304 | €304 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,240 | €2,924 | +€684 | +30.5% |
| Amounts payable | 17/49 | €2,800 | €7,716 | +€4,916 | +175.6% |
| Amounts payable after more than one year | 17 | - | €2,500 | +€2,500 | |
| Other amounts payable | 178/9 | - | €2,500 | +€2,500 | |
| Amounts payable within one year | 42/48 | €2,800 | €5,216 | +€2,416 | +86.3% |
| Trade debts | 44 | €439 | €350 | -€89 | -20.3% |
| Suppliers | 440/4 | €439 | €350 | -€89 | -20.3% |
| Advances received on contracts in progress | 46 | - | €1,400 | +€1,400 | |
| Taxes, remuneration and social security | 45 | €646 | €1,486 | +€840 | +130.0% |
| Taxes | 450/3 | €646 | €1,486 | +€840 | +130.0% |
| Other amounts payable | 47/48 | €1,715 | €1,980 | +€265 | +15.5% |
| Turnover | 70 | €7,273 | €7,162 | -€111 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,030 | €5,280 | +€250 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | €577 | = | 0.0% |
| Other operating charges | 640/8 | €263 | €199 | -€64 | -24.3% |
| Gross operating margin | 9900 | €2,244 | €1,882 | -€362 | -16.1% |
| Operating profit (loss) | 9901 | €1,404 | €1,106 | -€298 | -21.2% |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | - | -€44 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,403 | €1,061 | -€342 | -24.4% |
| Income taxes | 67/77 | €389 | €377 | -€12 | -3.1% |
| Profit (loss) for the period | 9904 | €1,014 | €684 | -€330 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,014 | €684 | -€330 | -32.5% |
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.