Secling: 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.
Secling
Largest movements
- Cash +€64,308
up €64,308 (+212.1%), from €30,324 to €94,632
mainly Net result for the year (+€99,513) and Depreciation (+€13,714)
- Financial fixed assets +€27,000
up €27,000 (+21.8%), from €124,000 to €151,000
- Tangible fixed assets -€12,321
down €12,321 (-13.4%), from €91,907 to €79,586
of which Furniture and vehicles: -€9,870
- Reserves +€78,022
up €78,022 (+46.7%), from €166,953 to €244,975
of which Distributable reserves: +€78,022
- Tax, wage and social debts +€11,359
up €11,359 (+123.6%), from €9,188 to €20,547
- Other debts -€6,563
down €6,563 (-11.1%), from €59,146 to €52,583
- Gross operating margin +€43,891
up €43,891 (+40.3%), from €108,910 to €152,800
- Taxes +€12,494
up €12,494 (+45.3%), from €27,572 to €40,065
- Financial income -€5,231
down €5,231 (-70.4%), from €7,432 to €2,201
- Financial charges -€3,773
down €3,773 (-99.2%), from €3,803 to €30
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 | €255,496 | €337,094 | +€81,598 | +31.9% |
| Fixed assets | 21/28 | €215,907 | €230,586 | +€14,679 | +6.8% |
| Tangible fixed assets | 22/27 | €91,907 | €79,586 | -€12,321 | -13.4% |
| Land and buildings | 22 | €17,000 | €17,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €23,433 | €20,982 | -€2,451 | -10.5% |
| Furniture and vehicles | 24 | €51,474 | €41,603 | -€9,870 | -19.2% |
| Financial fixed assets | 28 | €124,000 | €151,000 | +€27,000 | +21.8% |
| Current assets | 29/58 | €39,589 | €106,509 | +€66,919 | +169.0% |
| Stocks and contracts in progress | 3 | €1,715 | €1,610 | -€106 | -6.2% |
| Stocks | 30/36 | €1,715 | €1,610 | -€106 | -6.2% |
| Amounts receivable within one year | 40/41 | €7,106 | €9,812 | +€2,706 | +38.1% |
| Trade receivables | 40 | €4,666 | €7,780 | +€3,114 | +66.7% |
| Other amounts receivable | 41 | €2,440 | €2,032 | -€408 | -16.7% |
| Cash at bank and in hand | 54/58 | €30,324 | €94,632 | +€64,308 | +212.1% |
| Deferred charges and accrued income | 490/1 | €444 | €455 | +€12 | +2.6% |
| Total equity and liabilities | 10/49 | €255,496 | €337,094 | +€81,598 | +31.9% |
| Equity | 10/15 | €185,713 | €263,735 | +€78,022 | +42.0% |
| Contributions | 10/11 | €18,761 | €18,761 | = | 0.0% |
| Reserves | 13 | €166,953 | €244,975 | +€78,022 | +46.7% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €154,953 | €232,975 | +€78,022 | +50.4% |
| Amounts payable | 17/49 | €69,783 | €73,359 | +€3,576 | +5.1% |
| Amounts payable within one year | 42/48 | €69,783 | €73,359 | +€3,576 | +5.1% |
| Trade debts | 44 | €1,450 | €230 | -€1,220 | -84.2% |
| Suppliers | 440/4 | €1,450 | €230 | -€1,220 | -84.2% |
| Taxes, remuneration and social security | 45 | €9,188 | €20,547 | +€11,359 | +123.6% |
| Taxes | 450/3 | €9,188 | €20,547 | +€11,359 | +123.6% |
| Other amounts payable | 47/48 | €59,146 | €52,583 | -€6,563 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,140 | €13,714 | -€1,426 | -9.4% |
| Other operating charges | 640/8 | €1,669 | €1,679 | +€10 | +0.6% |
| Gross operating margin | 9900 | €108,910 | €152,800 | +€43,891 | +40.3% |
| Operating profit (loss) | 9901 | €92,101 | €137,408 | +€45,307 | +49.2% |
| Financial income | 75/76B | €7,432 | €2,201 | -€5,231 | -70.4% |
| Recurring financial income | 75 | €7,432 | €2,201 | -€5,231 | -70.4% |
| Financial charges | 65/66B | €3,803 | €30 | -€3,773 | -99.2% |
| Recurring financial charges | 65 | €3,803 | €30 | -€3,773 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €95,730 | €139,578 | +€43,848 | +45.8% |
| Income taxes | 67/77 | €27,572 | €40,065 | +€12,494 | +45.3% |
| Profit (loss) for the period | 9904 | €68,159 | €99,513 | +€31,355 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,159 | €99,513 | +€31,355 | +46.0% |
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 4 October 2026 via checked.be.