SECOGES: 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.
SECOGES
Largest movements
- Tangible fixed assets -€36,622
down €36,622 (-14.0%), from €261,965 to €225,343
of which Furniture and vehicles: -€28,548
- Current investments +€20,000
up €20,000 (+13.3%), from €150,000 to €170,000
- Cash -€19,541
down €19,541 (-14.0%), from €139,092 to €119,551
mainly Contributions, distributions and other (-€360,000) and Debts after one year (-€34,642)
- Debts after one year -€34,642
down €34,642 (-26.1%), from €132,663 to €98,021
- Tax, wage and social debts +€26,215
up €26,215 (+29.9%), from €87,655 to €113,870
of which Remuneration and social security: +€26,403
- Other debts -€15,724
down €15,724 (-4.2%), from €375,724 to €360,000
- Gross operating margin -€27,173
down €27,173 (-2.7%), from €1.0m to €990,955
- Staff costs -€13,748
down €13,748 (-3.1%), from €440,433 to €426,685
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,745 | €924,186 | -€23,560 | -2.5% |
| Fixed assets | 21/28 | €278,720 | €238,875 | -€39,845 | -14.3% |
| Intangible fixed assets | 21 | €7,755 | €4,531 | -€3,223 | -41.6% |
| Tangible fixed assets | 22/27 | €261,965 | €225,343 | -€36,622 | -14.0% |
| Land and buildings | 22 | €126,645 | €117,993 | -€8,652 | -6.8% |
| Plant, machinery and equipment | 23 | €14,463 | €15,465 | +€1,003 | +6.9% |
| Furniture and vehicles | 24 | €120,433 | €91,886 | -€28,548 | -23.7% |
| Other tangible fixed assets | 26 | €424 | - | -€424 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €669,025 | €685,311 | +€16,286 | +2.4% |
| Amounts receivable within one year | 40/41 | €314,402 | €321,568 | +€7,166 | +2.3% |
| Trade receivables | 40 | €311,872 | €318,661 | +€6,789 | +2.2% |
| Other amounts receivable | 41 | €2,531 | €2,907 | +€377 | +14.9% |
| Current investments | 50/53 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Cash at bank and in hand | 54/58 | €139,092 | €119,551 | -€19,541 | -14.0% |
| Deferred charges and accrued income | 490/1 | €65,531 | €74,191 | +€8,660 | +13.2% |
| Total equity and liabilities | 10/49 | €947,745 | €924,186 | -€23,560 | -2.5% |
| Equity | 10/15 | €285,724 | €283,431 | -€2,293 | -0.8% |
| Contributions | 10/11 | €28,216 | €28,216 | = | 0.0% |
| Reserves | 13 | €93,822 | €93,822 | = | 0.0% |
| Distributable reserves | 133 | €93,822 | €93,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,686 | €161,393 | -€2,293 | -1.4% |
| Amounts payable | 17/49 | €662,022 | €640,755 | -€21,267 | -3.2% |
| Amounts payable after more than one year | 17 | €132,663 | €98,021 | -€34,642 | -26.1% |
| Financial debts | 170/4 | €132,663 | €98,021 | -€34,642 | -26.1% |
| Amounts payable within one year | 42/48 | €528,097 | €542,052 | +€13,955 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €33,737 | €27,943 | -€5,794 | -17.2% |
| Trade debts | 44 | €30,981 | €40,239 | +€9,258 | +29.9% |
| Suppliers | 440/4 | €30,981 | €40,239 | +€9,258 | +29.9% |
| Taxes, remuneration and social security | 45 | €87,655 | €113,870 | +€26,215 | +29.9% |
| Taxes | 450/3 | €42,533 | €42,345 | -€188 | -0.4% |
| Remuneration and social security | 454/9 | €45,121 | €71,525 | +€26,403 | +58.5% |
| Other amounts payable | 47/48 | €375,724 | €360,000 | -€15,724 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,262 | €682 | -€580 | -45.9% |
| Remuneration, social security and pensions | 62 | €440,433 | €426,685 | -€13,748 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,312 | €55,360 | -€4,951 | -8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,866 | - | +€5,866 | |
| Other operating charges | 640/8 | €7,926 | €14,035 | +€6,109 | +77.1% |
| Gross operating margin | 9900 | €1,018,128 | €990,955 | -€27,173 | -2.7% |
| Operating profit (loss) | 9901 | €515,324 | €494,875 | -€20,449 | -4.0% |
| Financial income | 75/76B | €2,852 | €1,488 | -€1,365 | -47.8% |
| Recurring financial income | 75 | €2,852 | €1,488 | -€1,365 | -47.8% |
| Financial charges | 65/66B | €10,307 | €7,590 | -€2,717 | -26.4% |
| Recurring financial charges | 65 | €8,846 | €7,590 | -€1,256 | -14.2% |
| Non-recurring financial charges | 66B | €1,461 | - | -€1,461 | |
| Profit (loss) for the period before taxes | 9903 | €507,869 | €488,773 | -€19,097 | -3.8% |
| Income taxes | 67/77 | €132,026 | €131,065 | -€961 | -0.7% |
| Profit (loss) for the period | 9904 | €375,843 | €357,707 | -€18,136 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €375,843 | €357,707 | -€18,136 | -4.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.