SECODO: 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.
SECODO
Largest movements
- Stocks and contracts -€4,312
down €4,312 (-11.2%), from €38,372 to €34,060
- Receivables within one year -€906
down €906 (-65.1%), from €1,392 to €486
of which Other amounts receivable: -€938
- Cash +€444
up €444 (+32.7%), from €1,360 to €1,805
mainly Stocks and contracts (+€4,312) and Trade debts (+€1,812)
- Profit (loss) carried forward -€7,693
down €7,693, from €2,242 to -€5,451
- Trade debts +€1,812
up €1,812 (+63.4%), from €2,856 to €4,668
- Other debts +€1,107
up €1,107 (+5.6%), from €19,861 to €20,968
- Gross operating margin -€11,411
down €11,411, from €4,120 to -€7,291
- Taxes -€523
down €523 (-100%), from €523 to €0
- Other operating charges -€385
down €385 (-72.6%), from €531 to €146
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 | €41,124 | €36,350 | -€4,774 | -11.6% |
| Current assets | 29/58 | €41,124 | €36,350 | -€4,774 | -11.6% |
| Stocks and contracts in progress | 3 | €38,372 | €34,060 | -€4,312 | -11.2% |
| Stocks | 30/36 | €38,372 | €34,060 | -€4,312 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,392 | €486 | -€906 | -65.1% |
| Trade receivables | 40 | €68 | €100 | +€32 | +47.1% |
| Other amounts receivable | 41 | €1,324 | €386 | -€938 | -70.9% |
| Cash at bank and in hand | 54/58 | €1,360 | €1,805 | +€444 | +32.7% |
| Total equity and liabilities | 10/49 | €41,124 | €36,350 | -€4,774 | -11.6% |
| Equity | 10/15 | €17,742 | €10,049 | -€7,693 | -43.4% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,242 | -€5,451 | -€7,693 | |
| Amounts payable | 17/49 | €23,382 | €26,301 | +€2,919 | +12.5% |
| Amounts payable within one year | 42/48 | €23,382 | €26,301 | +€2,919 | +12.5% |
| Trade debts | 44 | €2,856 | €4,668 | +€1,812 | +63.4% |
| Suppliers | 440/4 | €2,856 | €4,668 | +€1,812 | +63.4% |
| Taxes, remuneration and social security | 45 | €665 | €665 | = | 0.0% |
| Taxes | 450/3 | €665 | €665 | = | 0.0% |
| Other amounts payable | 47/48 | €19,861 | €20,968 | +€1,107 | +5.6% |
| Other operating charges | 640/8 | €531 | €146 | -€385 | -72.6% |
| Gross operating margin | 9900 | €4,120 | -€7,291 | -€11,411 | |
| Operating profit (loss) | 9901 | €3,589 | -€7,437 | -€11,026 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €196 | €256 | +€59 | +30.3% |
| Recurring financial charges | 65 | €196 | €256 | +€59 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €3,401 | -€7,693 | -€11,094 | |
| Income taxes | 67/77 | €523 | €0 | -€523 | -100% |
| Profit (loss) for the period | 9904 | €2,879 | -€7,693 | -€10,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,879 | -€7,693 | -€10,572 |
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 13 October 2026 via checked.be.