Secadi Consulting: 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.
Secadi Consulting
Largest movements
- Current investments +€440,000
up €440,000 (+10.8%), from €4.1m to €4.5m
- Tangible fixed assets -€51,781
down €51,781 (-16.1%), from €322,390 to €270,609
of which Land and buildings: -€27,601
- Reserves +€560,250
up €560,250 (+25.7%), from €2.2m to €2.7m
of which Distributable reserves: +€560,250
- Other debts -€186,409
down €186,409 (-9.1%), from €2.0m to €1.9m
- Financial income +€94,473
up €94,473 (+206%), from €45,768 to €140,241
- Gross operating margin -€27,684
down €27,684 (-3.8%), from €724,702 to €697,018
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 | €4,500,651 | €4,901,099 | +€400,447 | +8.9% |
| Fixed assets | 21/28 | €322,390 | €270,609 | -€51,781 | -16.1% |
| Tangible fixed assets | 22/27 | €322,390 | €270,609 | -€51,781 | -16.1% |
| Land and buildings | 22 | €254,946 | €227,345 | -€27,601 | -10.8% |
| Plant, machinery and equipment | 23 | €2,662 | €2,383 | -€279 | -10.5% |
| Furniture and vehicles | 24 | €13,779 | €9,507 | -€4,272 | -31.0% |
| Other tangible fixed assets | 26 | €51,002 | €31,374 | -€19,628 | -38.5% |
| Current assets | 29/58 | €4,178,261 | €4,630,490 | +€452,229 | +10.8% |
| Amounts receivable within one year | 40/41 | €40,285 | €43,862 | +€3,577 | +8.9% |
| Trade receivables | 40 | €0 | €3,577 | +€3,577 | |
| Other amounts receivable | 41 | €40,285 | €40,285 | = | 0.0% |
| Current investments | 50/53 | €4,091,755 | €4,531,755 | +€440,000 | +10.8% |
| Cash at bank and in hand | 54/58 | €42,076 | €47,482 | +€5,407 | +12.9% |
| Deferred charges and accrued income | 490/1 | €4,145 | €7,391 | +€3,245 | +78.3% |
| Total equity and liabilities | 10/49 | €4,500,651 | €4,901,099 | +€400,447 | +8.9% |
| Equity | 10/15 | €2,401,634 | €2,961,884 | +€560,250 | +23.3% |
| Contributions | 10/11 | €223,600 | €223,600 | = | 0.0% |
| Reserves | 13 | €2,178,034 | €2,738,284 | +€560,250 | +25.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,178,034 | €2,738,284 | +€560,250 | +25.7% |
| Amounts payable | 17/49 | €2,099,017 | €1,939,214 | -€159,803 | -7.6% |
| Amounts payable within one year | 42/48 | €2,099,017 | €1,890,952 | -€208,065 | -9.9% |
| Trade debts | 44 | €3,927 | €7,215 | +€3,288 | +83.7% |
| Suppliers | 440/4 | €3,927 | €7,215 | +€3,288 | +83.7% |
| Taxes, remuneration and social security | 45 | €55,588 | €30,644 | -€24,945 | -44.9% |
| Taxes | 450/3 | €55,588 | €30,644 | -€24,945 | -44.9% |
| Other amounts payable | 47/48 | €2,039,501 | €1,853,093 | -€186,409 | -9.1% |
| Accrued charges and deferred income | 492/3 | - | €48,263 | +€48,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,529 | €52,667 | +€138 | +0.3% |
| Other operating charges | 640/8 | €3,205 | €3,278 | +€73 | +2.3% |
| Gross operating margin | 9900 | €724,702 | €697,018 | -€27,684 | -3.8% |
| Operating profit (loss) | 9901 | €668,968 | €641,074 | -€27,895 | -4.2% |
| Financial income | 75/76B | €45,768 | €140,241 | +€94,473 | +206% |
| Recurring financial income | 75 | €45,768 | €140,241 | +€94,473 | +206% |
| Financial charges | 65/66B | €60 | €1,863 | +€1,804 | +3,023% |
| Recurring financial charges | 65 | €60 | €1,863 | +€1,804 | +3,023% |
| Profit (loss) for the period before taxes | 9903 | €714,677 | €779,451 | +€64,774 | +9.1% |
| Income taxes | 67/77 | €219,008 | €219,201 | +€193 | +0.1% |
| Profit (loss) for the period | 9904 | €495,669 | €560,250 | +€64,581 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €495,669 | €560,250 | +€64,581 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.