Secomin: 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.
Secomin
Largest movements
- Cash +€64,538
up €64,538 (+29.4%), from €219,784 to €284,322
mainly Net result for the year (+€77,506) and Depreciation (+€1,194)
- Profit (loss) carried forward +€77,506
up €77,506 (+495%), from €15,653 to €93,159
- Gross operating margin +€14,523
up €14,523 (+16.0%), from €90,494 to €105,017
- Taxes +€3,173
up €3,173 (+14.0%), from €22,618 to €25,791
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 | €685,488 | €760,983 | +€75,495 | +11.0% |
| Fixed assets | 21/28 | €462,527 | €467,847 | +€5,320 | +1.2% |
| Tangible fixed assets | 22/27 | €462,527 | €467,847 | +€5,320 | +1.2% |
| Land and buildings | 22 | €462,527 | - | -€462,527 | |
| Furniture and vehicles | 24 | - | €3,696 | +€3,696 | |
| Other tangible fixed assets | 26 | - | €464,151 | +€464,151 | |
| Current assets | 29/58 | €222,961 | €293,136 | +€70,175 | +31.5% |
| Amounts receivable within one year | 40/41 | €3,177 | €8,814 | +€5,637 | +177% |
| Trade receivables | 40 | €2,205 | €6,058 | +€3,853 | +175% |
| Other amounts receivable | 41 | €972 | €2,757 | +€1,785 | +184% |
| Cash at bank and in hand | 54/58 | €219,784 | €284,322 | +€64,538 | +29.4% |
| Total equity and liabilities | 10/49 | €685,488 | €760,983 | +€75,495 | +11.0% |
| Equity | 10/15 | €683,477 | €760,983 | +€77,506 | +11.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €605,325 | €605,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €360,150 | €360,150 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Other | 1319 | €353,900 | €353,900 | = | 0.0% |
| Distributable reserves | 133 | €245,175 | €245,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,653 | €93,159 | +€77,506 | +495% |
| Amounts payable | 17/49 | €2,011 | - | -€2,011 | |
| Amounts payable within one year | 42/48 | €2,011 | - | -€2,011 | |
| Other amounts payable | 47/48 | €2,011 | - | -€2,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €1,194 | +€547 | +84.5% |
| Other operating charges | 640/8 | €1,082 | €449 | -€633 | -58.5% |
| Gross operating margin | 9900 | €90,494 | €105,017 | +€14,523 | +16.0% |
| Operating profit (loss) | 9901 | €88,765 | €103,374 | +€14,609 | +16.5% |
| Financial charges | 65/66B | €46 | €77 | +€31 | +66.3% |
| Recurring financial charges | 65 | €46 | €77 | +€31 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €88,719 | €103,297 | +€14,578 | +16.4% |
| Income taxes | 67/77 | €22,618 | €25,791 | +€3,173 | +14.0% |
| Profit (loss) for the period | 9904 | €66,101 | €77,506 | +€11,406 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,101 | €77,506 | +€11,406 | +17.3% |
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 19 October 2026 via checked.be.