SECA CONSULT: 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.
SECA CONSULT
Largest movements
- Cash -€40,717
down €40,717 (-64.3%), from €63,277 to €22,561
mainly Contributions, distributions and other (-€100,623) and Receivables within one year (-€24,456)
- Receivables within one year +€24,456
up €24,456 (+7778.5%), from €314 to €24,770
of which Trade receivables: +€24,200
- Tangible fixed assets -€13,249
down €13,249 (-30.7%), from €43,150 to €29,900
of which Leasing and similar rights: -€10,818
- Reserves -€62,500
down €62,500 (-93.8%), from €66,623 to €4,123
- Other debts +€44,933
up €44,933 (+178233.9%), from €25 to €44,958
- Debts after one year -€11,489
down €11,489 (-50.8%), from €22,631 to €11,142
- Gross operating margin +€5,100
up €5,100 (+8.4%), from €60,920 to €66,020
- Taxes +€1,114
up €1,114 (+11.9%), from €9,385 to €10,499
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,324 | €81,503 | -€28,821 | -26.1% |
| Fixed assets | 21/28 | €43,150 | €29,900 | -€13,249 | -30.7% |
| Tangible fixed assets | 22/27 | €43,150 | €29,900 | -€13,249 | -30.7% |
| Land and buildings | 22 | €7,674 | €6,802 | -€872 | -11.4% |
| Plant, machinery and equipment | 23 | €3,201 | €2,126 | -€1,075 | -33.6% |
| Furniture and vehicles | 24 | €679 | €195 | -€485 | -71.3% |
| Leasing and similar rights | 25 | €31,595 | €20,777 | -€10,818 | -34.2% |
| Current assets | 29/58 | €67,174 | €51,603 | -€15,571 | -23.2% |
| Amounts receivable within one year | 40/41 | €314 | €24,770 | +€24,456 | +7778.5% |
| Trade receivables | 40 | - | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €314 | €570 | +€256 | +81.3% |
| Cash at bank and in hand | 54/58 | €63,277 | €22,561 | -€40,717 | -64.3% |
| Deferred charges and accrued income | 490/1 | €3,582 | €4,272 | +€690 | +19.2% |
| Total equity and liabilities | 10/49 | €110,324 | €81,503 | -€28,821 | -26.1% |
| Equity | 10/15 | €69,623 | €7,123 | -€62,500 | -89.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,623 | €4,123 | -€62,500 | -93.8% |
| Distributable reserves | 133 | €66,623 | €4,123 | -€62,500 | -93.8% |
| Amounts payable | 17/49 | €40,701 | €74,380 | +€33,679 | +82.7% |
| Amounts payable after more than one year | 17 | €22,631 | €11,142 | -€11,489 | -50.8% |
| Financial debts | 170/4 | €22,631 | €11,142 | -€11,489 | -50.8% |
| Amounts payable within one year | 42/48 | €17,940 | €63,109 | +€45,168 | +251.8% |
| Current portion of amounts payable after more than one year | 42 | €10,834 | €11,489 | +€655 | +6.1% |
| Trade debts | 44 | €2,000 | €1,339 | -€661 | -33.1% |
| Suppliers | 440/4 | €2,000 | €1,339 | -€661 | -33.1% |
| Taxes, remuneration and social security | 45 | €5,081 | €5,323 | +€241 | +4.8% |
| Taxes | 450/3 | €3,281 | €3,523 | +€241 | +7.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €25 | €44,958 | +€44,933 | +178233.9% |
| Accrued charges and deferred income | 492/3 | €130 | €130 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,178 | €13,249 | +€71 | +0.5% |
| Other operating charges | 640/8 | €2,128 | €2,151 | +€23 | +1.1% |
| Gross operating margin | 9900 | €60,920 | €66,020 | +€5,100 | +8.4% |
| Operating profit (loss) | 9901 | €45,614 | €50,619 | +€5,005 | +11.0% |
| Financial income | 75/76B | €94 | €230 | +€136 | +144.2% |
| Recurring financial income | 75 | €94 | €230 | +€136 | +144.2% |
| Financial charges | 65/66B | €2,856 | €2,227 | -€628 | -22.0% |
| Recurring financial charges | 65 | €2,856 | €2,227 | -€628 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €42,852 | €48,622 | +€5,770 | +13.5% |
| Income taxes | 67/77 | €9,385 | €10,499 | +€1,114 | +11.9% |
| Profit (loss) for the period | 9904 | €33,468 | €38,123 | +€4,655 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,468 | €38,123 | +€4,655 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.