JC SECOBAT: 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.
JC SECOBAT
Largest movements
- Receivables within one year +€874
up €874 (+48.8%), from €1,789 to €2,663
of which Trade receivables: +€514
- Other debts +€6,074
up €6,074 (+58.7%), from €10,340 to €16,414
- Profit (loss) carried forward -€3,604
down €3,604 (-11.8%), from -€30,560 to -€34,164
- Trade debts -€1,078
down €1,078 (-95.9%), from €1,123 to €46
- Short-term financial debts -€518
down €518 (-81.9%), from €633 to €114
- Gross operating margin +€1,906
up €1,906 (+39.1%), from -€4,879 to -€2,973
- Other operating charges -€485
down €485 (-74.3%), from €652 to €167
- Depreciation -€308
no longer reported in 2025 (was €308)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,789 | €2,663 | +€874 | +48.8% |
| Current assets | 29/58 | €1,789 | €2,663 | +€874 | +48.8% |
| Amounts receivable within one year | 40/41 | €1,789 | €2,663 | +€874 | +48.8% |
| Trade receivables | 40 | - | €514 | +€514 | |
| Other amounts receivable | 41 | €1,789 | €2,149 | +€360 | +20.1% |
| Total equity and liabilities | 10/49 | €1,789 | €2,663 | +€874 | +48.8% |
| Equity | 10/15 | -€10,307 | -€13,911 | -€3,604 | -35.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,853 | €7,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,993 | €5,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,560 | -€34,164 | -€3,604 | -11.8% |
| Amounts payable | 17/49 | €12,096 | €16,574 | +€4,478 | +37.0% |
| Amounts payable within one year | 42/48 | €12,096 | €16,574 | +€4,478 | +37.0% |
| Financial debts | 43 | €633 | €114 | -€518 | -81.9% |
| Credit institutions | 430/8 | €633 | €114 | -€518 | -81.9% |
| Trade debts | 44 | €1,123 | €46 | -€1,078 | -95.9% |
| Suppliers | 440/4 | €1,123 | €46 | -€1,078 | -95.9% |
| Other amounts payable | 47/48 | €10,340 | €16,414 | +€6,074 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | - | -€308 | |
| Other operating charges | 640/8 | €652 | €167 | -€485 | -74.3% |
| Gross operating margin | 9900 | -€4,879 | -€2,973 | +€1,906 | +39.1% |
| Operating profit (loss) | 9901 | -€5,839 | -€3,140 | +€2,699 | +46.2% |
| Financial charges | 65/66B | €489 | €464 | -€25 | -5.1% |
| Recurring financial charges | 65 | €489 | €464 | -€25 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,328 | -€3,604 | +€2,724 | +43.0% |
| Profit (loss) for the period | 9904 | -€6,328 | -€3,604 | +€2,724 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,328 | -€3,604 | +€2,724 | +43.0% |
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 9 October 2026 via checked.be.