SECCI: 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.
SECCI
Largest movements
- Current investments -€100,000
down €100,000 (-23.4%), from €427,803 to €327,803
- Tangible fixed assets -€47,093
down €47,093 (-7.8%), from €606,481 to €559,388
of which Land and buildings: -€35,787
- Receivables within one year -€12,969
down €12,969 (-96.2%), from €13,481 to €512
of which Other amounts receivable: -€11,049
- Other debts -€135,193
down €135,193 (-52.9%), from €255,358 to €120,165
- Debts after one year -€88,420
down €88,420 (-19.4%), from €456,876 to €368,456
- Reserves +€41,200
up €41,200 (+27.1%), from €152,300 to €193,500
of which Distributable reserves: +€41,200
- Tax, wage and social debts +€17,303
up €17,303 (+466.7%), from €3,707 to €21,011
- Gross operating margin +€48,127
up €48,127 (+50.0%), from €96,159 to €144,286
- Taxes +€13,443
up €13,443 (+150.4%), from €8,938 to €22,381
- Depreciation +€3,901
up €3,901 (+6.6%), from €59,266 to €63,167
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,080,592 | €916,658 | -€163,934 | -15.2% |
| Fixed assets | 21/28 | €609,181 | €562,088 | -€47,093 | -7.7% |
| Tangible fixed assets | 22/27 | €606,481 | €559,388 | -€47,093 | -7.8% |
| Land and buildings | 22 | €508,618 | €472,830 | -€35,787 | -7.0% |
| Plant, machinery and equipment | 23 | €11,429 | €9,542 | -€1,887 | -16.5% |
| Furniture and vehicles | 24 | €86,434 | €77,016 | -€9,418 | -10.9% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €471,411 | €354,569 | -€116,841 | -24.8% |
| Amounts receivable within one year | 40/41 | €13,481 | €512 | -€12,969 | -96.2% |
| Trade receivables | 40 | €1,920 | - | -€1,920 | |
| Other amounts receivable | 41 | €11,561 | €512 | -€11,049 | -95.6% |
| Current investments | 50/53 | €427,803 | €327,803 | -€100,000 | -23.4% |
| Cash at bank and in hand | 54/58 | €25,271 | €23,262 | -€2,010 | -8.0% |
| Deferred charges and accrued income | 490/1 | €4,855 | €2,993 | -€1,862 | -38.4% |
| Total equity and liabilities | 10/49 | €1,080,592 | €916,658 | -€163,934 | -15.2% |
| Equity | 10/15 | €276,367 | €317,615 | +€41,247 | +14.9% |
| Contributions | 10/11 | €123,873 | €123,873 | = | 0.0% |
| Capital | 10 | €123,873 | €123,873 | = | 0.0% |
| Issued capital | 100 | €123,873 | €123,873 | = | 0.0% |
| Reserves | 13 | €152,300 | €193,500 | +€41,200 | +27.1% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Legal reserve | 130 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €151,200 | €192,400 | +€41,200 | +27.2% |
| Profit (loss) carried forward | 14 | €194 | €242 | +€47 | +24.4% |
| Amounts payable | 17/49 | €804,224 | €599,043 | -€205,181 | -25.5% |
| Amounts payable after more than one year | 17 | €456,876 | €368,456 | -€88,420 | -19.4% |
| Financial debts | 170/4 | €456,876 | €368,456 | -€88,420 | -19.4% |
| Amounts payable within one year | 42/48 | €347,348 | €230,587 | -€116,761 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €86,615 | €88,420 | +€1,805 | +2.1% |
| Financial debts | 43 | €1,155 | - | -€1,155 | |
| Credit institutions | 430/8 | €1,155 | - | -€1,155 | |
| Trade debts | 44 | €513 | €991 | +€478 | +93.2% |
| Suppliers | 440/4 | €513 | €991 | +€478 | +93.2% |
| Taxes, remuneration and social security | 45 | €3,707 | €21,011 | +€17,303 | +466.7% |
| Taxes | 450/3 | €3,707 | €21,011 | +€17,303 | +466.7% |
| Other amounts payable | 47/48 | €255,358 | €120,165 | -€135,193 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,266 | €63,167 | +€3,901 | +6.6% |
| Other operating charges | 640/8 | €6,033 | €6,727 | +€694 | +11.5% |
| Gross operating margin | 9900 | €96,159 | €144,286 | +€48,127 | +50.0% |
| Operating profit (loss) | 9901 | €30,860 | €74,392 | +€43,532 | +141.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | +5400.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +5400.0% |
| Financial charges | 65/66B | €12,149 | €10,767 | -€1,382 | -11.4% |
| Recurring financial charges | 65 | €12,149 | €10,767 | -€1,382 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €18,712 | €63,628 | +€44,917 | +240.0% |
| Income taxes | 67/77 | €8,938 | €22,381 | +€13,443 | +150.4% |
| Profit (loss) for the period | 9904 | €9,774 | €41,247 | +€31,473 | +322.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,774 | €41,247 | +€31,473 | +322.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.