Sec-Shop: 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.
Sec-Shop
Largest movements
- Receivables within one year -€49,121
down €49,121 (-77.9%), from €63,053 to €13,933
of which Trade receivables: -€61,083
- Stocks and contracts +€5,682
up €5,682 (+516%), from €1,102 to €6,783
- Cash +€5,285
up €5,285 (+65.4%), from €8,080 to €13,365
mainly Receivables within one year (+€49,121) and Depreciation (+€4,509)
- Tangible fixed assets -€4,509
down €4,509 (-57.9%), from €7,787 to €3,278
of which Other tangible fixed assets: -€4,214
- Other debts -€38,503
no longer reported in 2025 (was €38,503)
- Profit (loss) carried forward -€2,735
down €2,735 (-21.1%), from €12,976 to €10,242
- Tax, wage and social debts -€1,079
down €1,079 (-14.1%), from €7,644 to €6,564
of which Taxes: -€1,430
- Trade debts -€928
down €928 (-85.6%), from €1,083 to €156
- Gross operating margin -€22,192
down €22,192 (-74.5%), from €29,790 to €7,598
- Taxes -€2,381
down €2,381, from €1,960 to -€421
- Staff costs -€2,098
down €2,098 (-33.5%), from €6,269 to €4,171
- Financial charges -€1,192
down €1,192 (-91.5%), from €1,303 to €111
- Other operating charges -€1,123
down €1,123 (-30.2%), from €3,717 to €2,593
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 | €81,363 | €38,700 | -€42,663 | -52.4% |
| Fixed assets | 21/28 | €9,128 | €4,619 | -€4,509 | -49.4% |
| Tangible fixed assets | 22/27 | €7,787 | €3,278 | -€4,509 | -57.9% |
| Plant, machinery and equipment | 23 | €295 | - | -€295 | |
| Other tangible fixed assets | 26 | €7,492 | €3,278 | -€4,214 | -56.2% |
| Financial fixed assets | 28 | €1,341 | €1,341 | = | 0.0% |
| Current assets | 29/58 | €72,235 | €34,081 | -€38,154 | -52.8% |
| Stocks and contracts in progress | 3 | €1,102 | €6,783 | +€5,682 | +516% |
| Stocks | 30/36 | €1,102 | €6,783 | +€5,682 | +516% |
| Amounts receivable within one year | 40/41 | €63,053 | €13,933 | -€49,121 | -77.9% |
| Trade receivables | 40 | €63,053 | €1,970 | -€61,083 | -96.9% |
| Other amounts receivable | 41 | - | €11,962 | +€11,962 | |
| Cash at bank and in hand | 54/58 | €8,080 | €13,365 | +€5,285 | +65.4% |
| Total equity and liabilities | 10/49 | €81,363 | €38,700 | -€42,663 | -52.4% |
| Equity | 10/15 | €33,780 | €31,045 | -€2,735 | -8.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,212 | €2,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,212 | €2,212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,212 | €2,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,976 | €10,242 | -€2,735 | -21.1% |
| Amounts payable | 17/49 | €47,584 | €7,655 | -€39,928 | -83.9% |
| Amounts payable within one year | 42/48 | €47,584 | €7,655 | -€39,928 | -83.9% |
| Financial debts | 43 | €354 | €665 | +€311 | +87.9% |
| Credit institutions | 430/8 | €354 | €665 | +€311 | +87.9% |
| Trade debts | 44 | €1,083 | €156 | -€928 | -85.6% |
| Suppliers | 440/4 | €1,083 | €156 | -€928 | -85.6% |
| Advances received on contracts in progress | 46 | - | €270 | +€270 | |
| Taxes, remuneration and social security | 45 | €7,644 | €6,564 | -€1,079 | -14.1% |
| Taxes | 450/3 | €7,312 | €5,882 | -€1,430 | -19.6% |
| Remuneration and social security | 454/9 | €332 | €683 | +€351 | +106% |
| Other amounts payable | 47/48 | €38,503 | - | -€38,503 | |
| Remuneration, social security and pensions | 62 | €6,269 | €4,171 | -€2,098 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,509 | €4,509 | = | 0.0% |
| Other operating charges | 640/8 | €3,717 | €2,593 | -€1,123 | -30.2% |
| Gross operating margin | 9900 | €29,790 | €7,598 | -€22,192 | -74.5% |
| Operating profit (loss) | 9901 | €15,295 | -€3,676 | -€18,971 | |
| Financial income | 75/76B | - | €631 | +€631 | |
| Recurring financial income | 75 | - | €631 | +€631 | |
| Financial charges | 65/66B | €1,303 | €111 | -€1,192 | -91.5% |
| Recurring financial charges | 65 | €1,303 | €111 | -€1,192 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €13,992 | -€3,156 | -€17,148 | |
| Income taxes | 67/77 | €1,960 | -€421 | -€2,381 | |
| Profit (loss) for the period | 9904 | €12,033 | -€2,735 | -€14,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,033 | -€2,735 | -€14,767 |
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 24 October 2026 via checked.be.