SECHEVAL BOIS: 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.
SECHEVAL BOIS
Largest movements
- Stocks and contracts +€39,195
up €39,195 (+22.0%), from €177,948 to €217,144
- Tangible fixed assets -€23,957
down €23,957 (-23.0%), from €104,245 to €80,287
of which Land and buildings: -€21,425
- Cash +€13,915
up €13,915 (+73.8%), from €18,842 to €32,757
mainly Trade debts (+€49,522) and Depreciation (+€33,767)
- Receivables within one year +€4,910
up €4,910 (+5.6%), from €88,137 to €93,047
of which Trade receivables: +€8,251
- Trade debts +€49,522
up €49,522 (+92.5%), from €53,565 to €103,087
- Current portion of long-term debt -€11,041
down €11,041 (-100%), from €11,041 to €0
- Accrued charges and deferred income -€8,853
down €8,853 (-100%), from €8,853 to €0
- Reserves +€5,500
up €5,500 (+10.0%), from €54,937 to €60,437
of which Distributable reserves: +€5,500
- Gross operating margin -€13,365
down €13,365 (-18.2%), from €73,510 to €60,145
- Write-downs -€8,235
new in 2025: -€8,235
- Other operating charges +€2,284
up €2,284 (+15.4%), from €14,859 to €17,143
- Taxes -€2,188
down €2,188 (-48.9%), from €4,473 to €2,285
- Depreciation +€1,951
up €1,951 (+6.1%), from €31,817 to €33,767
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 | €390,141 | €423,700 | +€33,559 | +8.6% |
| Fixed assets | 21/28 | €104,700 | €80,743 | -€23,957 | -22.9% |
| Tangible fixed assets | 22/27 | €104,245 | €80,287 | -€23,957 | -23.0% |
| Land and buildings | 22 | €85,123 | €63,699 | -€21,425 | -25.2% |
| Plant, machinery and equipment | 23 | €7,291 | €11,348 | +€4,057 | +55.6% |
| Furniture and vehicles | 24 | €11,830 | €5,241 | -€6,590 | -55.7% |
| Financial fixed assets | 28 | €456 | €456 | = | 0.0% |
| Current assets | 29/58 | €285,441 | €342,957 | +€57,516 | +20.1% |
| Stocks and contracts in progress | 3 | €177,948 | €217,144 | +€39,195 | +22.0% |
| Stocks | 30/36 | €177,948 | €217,144 | +€39,195 | +22.0% |
| Amounts receivable within one year | 40/41 | €88,137 | €93,047 | +€4,910 | +5.6% |
| Trade receivables | 40 | €84,117 | €92,368 | +€8,251 | +9.8% |
| Other amounts receivable | 41 | €4,020 | €679 | -€3,341 | -83.1% |
| Cash at bank and in hand | 54/58 | €18,842 | €32,757 | +€13,915 | +73.8% |
| Deferred charges and accrued income | 490/1 | €513 | €9 | -€504 | -98.2% |
| Total equity and liabilities | 10/49 | €390,141 | €423,700 | +€33,559 | +8.6% |
| Equity | 10/15 | €300,820 | €304,995 | +€4,175 | +1.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €54,937 | €60,437 | +€5,500 | +10.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €47,500 | €53,000 | +€5,500 | +11.6% |
| Profit (loss) carried forward | 14 | €169,535 | €170,190 | +€655 | +0.4% |
| Investment grants | 15 | €1,980 | €0 | -€1,980 | -100% |
| Amounts payable | 17/49 | €89,321 | €118,705 | +€29,384 | +32.9% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €80,469 | €118,705 | +€38,236 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €11,041 | €0 | -€11,041 | -100% |
| Trade debts | 44 | €53,565 | €103,087 | +€49,522 | +92.5% |
| Suppliers | 440/4 | €53,565 | €103,087 | +€49,522 | +92.5% |
| Taxes, remuneration and social security | 45 | €13,329 | €14,251 | +€921 | +6.9% |
| Taxes | 450/3 | €8,029 | €10,951 | +€2,921 | +36.4% |
| Remuneration and social security | 454/9 | €5,300 | €3,300 | -€2,000 | -37.7% |
| Other amounts payable | 47/48 | €2,533 | €1,367 | -€1,166 | -46.0% |
| Accrued charges and deferred income | 492/3 | €8,853 | €0 | -€8,853 | -100% |
| Remuneration, social security and pensions | 62 | €5,860 | €4,640 | -€1,220 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,817 | €33,767 | +€1,951 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,235 | -€8,235 | |
| Other operating charges | 640/8 | €14,859 | €17,143 | +€2,284 | +15.4% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €73,510 | €60,145 | -€13,365 | -18.2% |
| Operating profit (loss) | 9901 | €20,974 | €12,829 | -€8,145 | -38.8% |
| Financial income | 75/76B | €160 | €147 | -€13 | -7.9% |
| Recurring financial income | 75 | €160 | €147 | -€13 | -7.9% |
| Financial charges | 65/66B | €3,443 | €2,870 | -€573 | -16.6% |
| Recurring financial charges | 65 | €3,443 | €2,870 | -€573 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €17,691 | €10,106 | -€7,585 | -42.9% |
| Income taxes | 67/77 | €4,473 | €2,285 | -€2,188 | -48.9% |
| Profit (loss) for the period | 9904 | €13,218 | €7,821 | -€5,397 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,218 | €7,821 | -€5,397 | -40.8% |
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 20 October 2026 via checked.be.