INTER SECOM PRODUCTION: 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.
INTER SECOM PRODUCTION
Largest movements
- Receivables within one year -€40,782
down €40,782 (-10.5%), from €387,910 to €347,127
of which Trade receivables: -€45,505
- Tangible fixed assets -€10,566
down €10,566 (-58.2%), from €18,140 to €7,574
of which Plant, machinery and equipment: -€7,411
- Cash +€6,608
up €6,608 (+104.3%), from €6,339 to €12,947
mainly Receivables within one year (+€40,782) and Other debts (+€17,735)
- Profit (loss) carried forward -€35,871
down €35,871 (-28.7%), from -€124,774 to -€160,645
- Debts after one year -€25,923
down €25,923 (-51.3%), from €50,484 to €24,562
- Other debts +€17,735
up €17,735 (+86.8%), from €20,424 to €38,159
- Current portion of long-term debt -€9,428
down €9,428 (-5.9%), from €160,350 to €150,923
- Tax, wage and social debts +€6,537
up €6,537 (+2.8%), from €232,841 to €239,378
of which Taxes: +€28,616
- Gross operating margin -€172,436
down €172,436 (-28.0%), from €616,774 to €444,338
- Staff costs -€136,992
down €136,992 (-23.3%), from €587,687 to €450,695
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 | €416,733 | €370,020 | -€46,712 | -11.2% |
| Fixed assets | 21/28 | €20,512 | €9,946 | -€10,566 | -51.5% |
| Tangible fixed assets | 22/27 | €18,140 | €7,574 | -€10,566 | -58.2% |
| Plant, machinery and equipment | 23 | €10,249 | €2,838 | -€7,411 | -72.3% |
| Furniture and vehicles | 24 | €4,069 | €2,269 | -€1,800 | -44.2% |
| Other tangible fixed assets | 26 | €3,822 | €2,467 | -€1,355 | -35.5% |
| Financial fixed assets | 28 | €2,372 | €2,372 | = | 0.0% |
| Current assets | 29/58 | €396,220 | €360,074 | -€36,146 | -9.1% |
| Amounts receivable within one year | 40/41 | €387,910 | €347,127 | -€40,782 | -10.5% |
| Trade receivables | 40 | €258,115 | €212,610 | -€45,505 | -17.6% |
| Other amounts receivable | 41 | €129,794 | €134,517 | +€4,723 | +3.6% |
| Cash at bank and in hand | 54/58 | €6,339 | €12,947 | +€6,608 | +104.3% |
| Deferred charges and accrued income | 490/1 | €1,972 | - | -€1,972 | |
| Total equity and liabilities | 10/49 | €416,733 | €370,020 | -€46,712 | -11.2% |
| Equity | 10/15 | -€104,314 | -€140,185 | -€35,871 | -34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€124,774 | -€160,645 | -€35,871 | -28.7% |
| Amounts payable | 17/49 | €521,047 | €510,206 | -€10,841 | -2.1% |
| Amounts payable after more than one year | 17 | €50,484 | €24,562 | -€25,923 | -51.3% |
| Financial debts | 170/4 | €50,484 | €24,562 | -€25,923 | -51.3% |
| Amounts payable within one year | 42/48 | €470,562 | €485,644 | +€15,082 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €160,350 | €150,923 | -€9,428 | -5.9% |
| Trade debts | 44 | €54,419 | €57,185 | +€2,766 | +5.1% |
| Suppliers | 440/4 | €54,419 | €57,185 | +€2,766 | +5.1% |
| Advances received on contracts in progress | 46 | €2,528 | - | -€2,528 | |
| Taxes, remuneration and social security | 45 | €232,841 | €239,378 | +€6,537 | +2.8% |
| Taxes | 450/3 | €169,633 | €198,248 | +€28,616 | +16.9% |
| Remuneration and social security | 454/9 | €63,208 | €41,129 | -€22,079 | -34.9% |
| Other amounts payable | 47/48 | €20,424 | €38,159 | +€17,735 | +86.8% |
| Non-recurring operating income | 76A | - | €38,188 | +€38,188 | |
| Remuneration, social security and pensions | 62 | €587,687 | €450,695 | -€136,992 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,599 | €10,497 | -€5,102 | -32.7% |
| Other operating charges | 640/8 | €3,223 | €6,117 | +€2,894 | +89.8% |
| Non-recurring operating charges | 66A | - | €70 | +€70 | |
| Gross operating margin | 9900 | €616,774 | €444,338 | -€172,436 | -28.0% |
| Operating profit (loss) | 9901 | €10,265 | -€23,041 | -€33,306 | |
| Financial income | 75/76B | - | €167 | +€167 | |
| Recurring financial income | 75 | - | €167 | +€167 | |
| Financial charges | 65/66B | €18,516 | €12,997 | -€5,519 | -29.8% |
| Recurring financial charges | 65 | €18,516 | €12,997 | -€5,519 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,251 | -€35,871 | -€27,620 | -334.8% |
| Income taxes | 67/77 | €530 | - | -€530 | |
| Profit (loss) for the period | 9904 | -€8,781 | -€35,871 | -€27,090 | -308.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,781 | -€35,871 | -€27,090 | -308.5% |
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 8 October 2026 via checked.be.