Secia: 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.
Secia
Largest movements
- Cash +€47,032
up €47,032 (+6219.4%), from €756 to €47,788
mainly Net result for the year (+€61,912) and Tax, wage and social debts (+€6,932)
- Financial fixed assets +€2,790
new in 2025: €2,790
- Deferred charges and accrued income -€2,340
no longer reported in 2025 (was €2,340)
- Receivables within one year +€2,069
up €2,069 (+37.3%), from €5,554 to €7,623
- Profit (loss) carried forward +€61,912
up €61,912, from -€51,325 to €10,587
- Other debts -€19,631
down €19,631 (-98.2%), from €20,000 to €369
- Tax, wage and social debts +€6,932
up €6,932 (+53.8%), from €12,888 to €19,820
of which Taxes: +€8,718
- Gross operating margin +€79,470
up €79,470 (+424.1%), from €18,738 to €98,208
- Staff costs -€37,935
down €37,935 (-55.2%), from €68,701 to €30,766
- Taxes +€4,837
up €4,837 (+7374.6%), from €66 to €4,903
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.
Cash bridge derived
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 | €8,835 | €58,201 | +€49,366 | +558.7% |
| Formation expenses | 20 | €185 | - | -€185 | |
| Fixed assets | 21/28 | - | €2,790 | +€2,790 | |
| Financial fixed assets | 28 | - | €2,790 | +€2,790 | |
| Current assets | 29/58 | €8,650 | €55,411 | +€46,761 | +540.6% |
| Amounts receivable within one year | 40/41 | €5,554 | €7,623 | +€2,069 | +37.3% |
| Trade receivables | 40 | €5,554 | €7,623 | +€2,069 | +37.3% |
| Cash at bank and in hand | 54/58 | €756 | €47,788 | +€47,032 | +6219.4% |
| Deferred charges and accrued income | 490/1 | €2,340 | - | -€2,340 | |
| Total equity and liabilities | 10/49 | €8,835 | €58,201 | +€49,366 | +558.7% |
| Equity | 10/15 | -€46,325 | €15,587 | +€61,912 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,325 | €10,587 | +€61,912 | |
| Amounts payable | 17/49 | €55,160 | €42,614 | -€12,546 | -22.7% |
| Amounts payable within one year | 42/48 | €55,160 | €42,614 | -€12,546 | -22.7% |
| Trade debts | 44 | €22,272 | €22,425 | +€153 | +0.7% |
| Suppliers | 440/4 | €22,272 | €22,425 | +€153 | +0.7% |
| Taxes, remuneration and social security | 45 | €12,888 | €19,820 | +€6,932 | +53.8% |
| Taxes | 450/3 | €8,256 | €16,974 | +€8,718 | +105.6% |
| Remuneration and social security | 454/9 | €4,632 | €2,846 | -€1,786 | -38.6% |
| Other amounts payable | 47/48 | €20,000 | €369 | -€19,631 | -98.2% |
| Remuneration, social security and pensions | 62 | €68,701 | €30,766 | -€37,935 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €871 | €185 | -€686 | -78.7% |
| Other operating charges | 640/8 | €322 | €403 | +€81 | +25.0% |
| Gross operating margin | 9900 | €18,738 | €98,208 | +€79,470 | +424.1% |
| Operating profit (loss) | 9901 | -€51,156 | €66,854 | +€118,010 | |
| Financial charges | 65/66B | €103 | €40 | -€63 | -61.4% |
| Recurring financial charges | 65 | €103 | €40 | -€63 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,259 | €66,814 | +€118,073 | |
| Income taxes | 67/77 | €66 | €4,903 | +€4,837 | +7374.6% |
| Profit (loss) for the period | 9904 | -€51,325 | €61,912 | +€113,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,325 | €61,912 | +€113,236 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.