SERYX: 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.
SERYX
Largest movements
- Cash +€19,849
up €19,849 (+68.4%), from €29,028 to €48,877
mainly Other debts (+€15,458) and Tax, wage and social debts (+€13,075)
- Receivables within one year +€2,674
up €2,674 (+34.7%), from €7,715 to €10,389
of which Trade receivables: +€10,389
- Tangible fixed assets -€1,636
down €1,636 (-43.5%), from €3,763 to €2,127
- Deferred charges and accrued income -€1,598
down €1,598 (-75.2%), from €2,124 to €526
- Other debts +€15,458
up €15,458 (+138.3%), from €11,180 to €26,638
- Tax, wage and social debts +€13,075
up €13,075 (+1004.6%), from €1,302 to €14,376
- Reserves -€8,100
down €8,100 (-39.8%), from €20,332 to €12,231
- Trade debts -€1,143
down €1,143 (-46.3%), from €2,467 to €1,324
- Gross operating margin +€66,060
up €66,060, from -€46,730 to €19,331
- Taxes +€3,292
up €3,292 (+2210.5%), from €149 to €3,441
- Depreciation -€700
down €700 (-19.3%), from €3,627 to €2,927
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 | €42,780 | €62,069 | +€19,289 | +45.1% |
| Fixed assets | 21/28 | €3,913 | €2,277 | -€1,636 | -41.8% |
| Tangible fixed assets | 22/27 | €3,763 | €2,127 | -€1,636 | -43.5% |
| Plant, machinery and equipment | 23 | €3,763 | €2,127 | -€1,636 | -43.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €38,868 | €59,792 | +€20,925 | +53.8% |
| Amounts receivable within one year | 40/41 | €7,715 | €10,389 | +€2,674 | +34.7% |
| Trade receivables | 40 | €0 | €10,389 | +€10,389 | |
| Other amounts receivable | 41 | €7,715 | €0 | -€7,715 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,028 | €48,877 | +€19,849 | +68.4% |
| Deferred charges and accrued income | 490/1 | €2,124 | €526 | -€1,598 | -75.2% |
| Total equity and liabilities | 10/49 | €42,780 | €62,069 | +€19,289 | +45.1% |
| Equity | 10/15 | €27,832 | €19,731 | -€8,100 | -29.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €20,332 | €12,231 | -€8,100 | -39.8% |
| Distributable reserves | 133 | €20,332 | €12,231 | -€8,100 | -39.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,949 | €42,338 | +€27,389 | +183.2% |
| Amounts payable within one year | 42/48 | €14,949 | €42,338 | +€27,389 | +183.2% |
| Trade debts | 44 | €2,467 | €1,324 | -€1,143 | -46.3% |
| Suppliers | 440/4 | €2,467 | €1,324 | -€1,143 | -46.3% |
| Taxes, remuneration and social security | 45 | €1,302 | €14,376 | +€13,075 | +1004.6% |
| Taxes | 450/3 | €1,302 | €14,376 | +€13,075 | +1004.6% |
| Other amounts payable | 47/48 | €11,180 | €26,638 | +€15,458 | +138.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,627 | €2,927 | -€700 | -19.3% |
| Other operating charges | 640/8 | €946 | €1,076 | +€130 | +13.7% |
| Gross operating margin | 9900 | -€46,730 | €19,331 | +€66,060 | |
| Operating profit (loss) | 9901 | -€51,303 | €15,328 | +€66,630 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,687 | €1,507 | -€180 | -10.7% |
| Recurring financial charges | 65 | €1,687 | €1,507 | -€180 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€52,990 | €13,821 | +€66,811 | |
| Income taxes | 67/77 | €149 | €3,441 | +€3,292 | +2210.5% |
| Profit (loss) for the period | 9904 | -€53,139 | €10,380 | +€63,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,139 | €10,380 | +€63,519 |
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 6 October 2026 via checked.be.