SECOMA: 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.
SECOMA
Largest movements
- Cash +€21,167
up €21,167 (+73.8%), from €28,685 to €49,851
mainly Net result for the year (+€67,085) and Receivables within one year (+€9,238)
- Receivables within one year -€9,238
down €9,238 (-60.6%), from €15,246 to €6,008
of which Trade receivables: -€15,187
- Profit (loss) carried forward +€67,085
up €67,085 (+24.8%), from €270,464 to €337,549
- Other debts -€51,010
down €51,010 (-93.4%), from €54,602 to €3,592
- Financial income +€9,000
up €9,000 (+150.0%), from €6,000 to €15,000
- Taxes -€3,608
down €3,608 (-20.4%), from €17,660 to €14,052
- Gross operating margin +€2,414
up €2,414 (+3.6%), from €67,146 to €69,560
- Depreciation +€1,104
up €1,104 (+185.8%), from €594 to €1,698
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 | €353,448 | €364,698 | +€11,250 | +3.2% |
| Fixed assets | 21/28 | €305,654 | €305,986 | +€331 | +0.1% |
| Tangible fixed assets | 22/27 | €3,577 | €3,908 | +€331 | +9.3% |
| Plant, machinery and equipment | 23 | - | €1,594 | +€1,594 | |
| Furniture and vehicles | 24 | €3,577 | €2,314 | -€1,263 | -35.3% |
| Financial fixed assets | 28 | €302,078 | €302,078 | = | 0.0% |
| Current assets | 29/58 | €47,793 | €58,712 | +€10,919 | +22.8% |
| Amounts receivable within one year | 40/41 | €15,246 | €6,008 | -€9,238 | -60.6% |
| Trade receivables | 40 | €15,246 | €59 | -€15,187 | -99.6% |
| Other amounts receivable | 41 | - | €5,948 | +€5,948 | |
| Cash at bank and in hand | 54/58 | €28,685 | €49,851 | +€21,167 | +73.8% |
| Deferred charges and accrued income | 490/1 | €3,863 | €2,854 | -€1,009 | -26.1% |
| Total equity and liabilities | 10/49 | €353,448 | €364,698 | +€11,250 | +3.2% |
| Equity | 10/15 | €290,869 | €357,954 | +€67,085 | +23.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,464 | €337,549 | +€67,085 | +24.8% |
| Amounts payable | 17/49 | €62,579 | €6,744 | -€55,835 | -89.2% |
| Amounts payable within one year | 42/48 | €62,372 | €6,744 | -€55,628 | -89.2% |
| Trade debts | 44 | €2,712 | €561 | -€2,151 | -79.3% |
| Suppliers | 440/4 | €2,712 | €561 | -€2,151 | -79.3% |
| Taxes, remuneration and social security | 45 | €5,058 | €2,591 | -€2,467 | -48.8% |
| Taxes | 450/3 | €5,058 | €2,591 | -€2,467 | -48.8% |
| Other amounts payable | 47/48 | €54,602 | €3,592 | -€51,010 | -93.4% |
| Accrued charges and deferred income | 492/3 | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €1,698 | +€1,104 | +185.8% |
| Other operating charges | 640/8 | €345 | €582 | +€237 | +68.7% |
| Gross operating margin | 9900 | €67,146 | €69,560 | +€2,414 | +3.6% |
| Operating profit (loss) | 9901 | €66,206 | €67,279 | +€1,073 | +1.6% |
| Financial income | 75/76B | €6,000 | €15,000 | +€9,000 | +150.0% |
| Recurring financial income | 75 | €6,000 | €15,000 | +€9,000 | +150.0% |
| Financial charges | 65/66B | €784 | €1,143 | +€359 | +45.8% |
| Recurring financial charges | 65 | €784 | €1,143 | +€359 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €71,423 | €81,137 | +€9,714 | +13.6% |
| Income taxes | 67/77 | €17,660 | €14,052 | -€3,608 | -20.4% |
| Profit (loss) for the period | 9904 | €53,763 | €67,085 | +€13,323 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,763 | €67,085 | +€13,323 | +24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.