SEROL: 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.
SEROL
Largest movements
- Tangible fixed assets -€9,056
down €9,056 (-40.6%), from €22,284 to €13,228
- Receivables within one year +€2,781
up €2,781 (+11.5%), from €24,108 to €26,889
of which Trade receivables: +€3,025
- Tax, wage and social debts -€6,282
down €6,282 (-45.0%), from €13,965 to €7,683
of which Taxes: -€5,996
- Other debts -€5,195
down €5,195 (-16.7%), from €31,114 to €25,919
- Profit (loss) carried forward +€4,849
up €4,849 (+28.3%), from -€17,130 to -€12,281
- Trade debts +€580
up €580 (+125%), from €464 to €1,044
- Staff costs -€39,345
down €39,345 (-78.4%), from €50,183 to €10,838
- Gross operating margin -€5,345
down €5,345 (-17.3%), from €30,874 to €25,529
- Taxes -€475
down €475 (-59.1%), from €805 to €329
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.
Derived cash bridge
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 | €47,013 | €40,965 | -€6,048 | -12.9% |
| Fixed assets | 21/28 | €22,641 | €13,743 | -€8,898 | -39.3% |
| Tangible fixed assets | 22/27 | €22,284 | €13,228 | -€9,056 | -40.6% |
| Furniture and vehicles | 24 | €22,284 | €13,228 | -€9,056 | -40.6% |
| Financial fixed assets | 28 | €357 | €515 | +€158 | +44.3% |
| Current assets | 29/58 | €24,372 | €27,223 | +€2,850 | +11.7% |
| Amounts receivable within one year | 40/41 | €24,108 | €26,889 | +€2,781 | +11.5% |
| Trade receivables | 40 | €15,288 | €18,313 | +€3,025 | +19.8% |
| Other amounts receivable | 41 | €8,819 | €8,576 | -€244 | -2.8% |
| Cash at bank and in hand | 54/58 | €265 | €52 | -€213 | -80.4% |
| Deferred charges and accrued income | 490/1 | - | €282 | +€282 | |
| Total equity and liabilities | 10/49 | €47,013 | €40,965 | -€6,048 | -12.9% |
| Equity | 10/15 | €1,470 | €6,319 | +€4,849 | +330% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,130 | -€12,281 | +€4,849 | +28.3% |
| Amounts payable | 17/49 | €45,543 | €34,646 | -€10,897 | -23.9% |
| Amounts payable within one year | 42/48 | €45,543 | €34,646 | -€10,897 | -23.9% |
| Trade debts | 44 | €464 | €1,044 | +€580 | +125% |
| Suppliers | 440/4 | €464 | €1,044 | +€580 | +125% |
| Taxes, remuneration and social security | 45 | €13,965 | €7,683 | -€6,282 | -45.0% |
| Taxes | 450/3 | €6,594 | €597 | -€5,996 | -90.9% |
| Remuneration and social security | 454/9 | €7,372 | €7,086 | -€286 | -3.9% |
| Other amounts payable | 47/48 | €31,114 | €25,919 | -€5,195 | -16.7% |
| Remuneration, social security and pensions | 62 | €50,183 | €10,838 | -€39,345 | -78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,056 | €9,056 | = | 0.0% |
| Other operating charges | 640/8 | €321 | €565 | +€244 | +75.9% |
| Gross operating margin | 9900 | €30,874 | €25,529 | -€5,345 | -17.3% |
| Operating profit (loss) | 9901 | -€28,686 | €5,070 | +€33,757 | |
| Financial income | 75/76B | - | €151 | +€151 | |
| Recurring financial income | 75 | - | €151 | +€151 | |
| Financial charges | 65/66B | €146 | €43 | -€103 | -70.6% |
| Recurring financial charges | 65 | €146 | €43 | -€103 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,832 | €5,179 | +€34,011 | |
| Income taxes | 67/77 | €805 | €329 | -€475 | -59.1% |
| Profit (loss) for the period | 9904 | -€29,637 | €4,849 | +€34,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,637 | €4,849 | +€34,486 |
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 22 October 2026 via checked.be.