Secon: what changed
Secon
Largest movements
- Receivables within one year -€42,280
down €42,280 (-20.8%), from €203,644 to €161,364
of which Trade receivables: -€43,862
- Current investments +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Cash +€7,286
up €7,286 (+5.6%), from €129,701 to €136,988
mainly Receivables within one year (+€42,280) and Net result for the year (+€16,671)
- Other debts -€18,873
down €18,873 (-14.5%), from €130,462 to €111,588
- Reserves +€16,671
up €16,671 (+12.4%), from €134,684 to €151,355
of which Distributable reserves: +€16,671
- Accrued charges and deferred income -€10,000
down €10,000 (-8.3%), from €120,000 to €110,000
- Gross operating margin -€18,302
down €18,302 (-22.2%), from €82,387 to €64,085
- Staff costs -€13,946
down €13,946 (-25.9%), from €53,827 to €39,881
- Financial income +€2,054
up €2,054 (+309%), from €664 to €2,719
- Depreciation -€850
down €850 (-25.3%), from €3,359 to €2,509
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,659 | €457,368 | -€13,291 | -2.8% |
| Fixed assets | 21/28 | €11,773 | €9,129 | -€2,644 | -22.5% |
| Tangible fixed assets | 22/27 | €11,503 | €8,994 | -€2,509 | -21.8% |
| Plant, machinery and equipment | 23 | €11,503 | €8,994 | -€2,509 | -21.8% |
| Financial fixed assets | 28 | €270 | €135 | -€135 | -50.0% |
| Current assets | 29/58 | €458,886 | €448,239 | -€10,647 | -2.3% |
| Stocks and contracts in progress | 3 | €18,728 | €18,075 | -€653 | -3.5% |
| Stocks | 30/36 | €18,728 | €18,075 | -€653 | -3.5% |
| Amounts receivable within one year | 40/41 | €203,644 | €161,364 | -€42,280 | -20.8% |
| Trade receivables | 40 | €196,035 | €152,172 | -€43,862 | -22.4% |
| Other amounts receivable | 41 | €7,609 | €9,192 | +€1,583 | +20.8% |
| Current investments | 50/53 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €129,701 | €136,988 | +€7,286 | +5.6% |
| Deferred charges and accrued income | 490/1 | €6,812 | €6,812 | = | 0.0% |
| Total equity and liabilities | 10/49 | €470,659 | €457,368 | -€13,291 | -2.8% |
| Equity | 10/15 | €213,321 | €229,992 | +€16,671 | +7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €134,684 | €151,355 | +€16,671 | +12.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €128,484 | €145,155 | +€16,671 | +13.0% |
| Profit (loss) carried forward | 14 | €16,637 | €16,637 | = | 0.0% |
| Amounts payable | 17/49 | €257,338 | €227,376 | -€29,962 | -11.6% |
| Amounts payable within one year | 42/48 | €137,338 | €117,376 | -€19,962 | -14.5% |
| Trade debts | 44 | €2,152 | €1,230 | -€922 | -42.8% |
| Suppliers | 440/4 | €2,152 | €1,230 | -€922 | -42.8% |
| Taxes, remuneration and social security | 45 | €4,725 | €4,558 | -€167 | -3.5% |
| Taxes | 450/3 | €1,734 | €4,558 | +€2,823 | +163% |
| Remuneration and social security | 454/9 | €2,990 | - | -€2,990 | |
| Other amounts payable | 47/48 | €130,462 | €111,588 | -€18,873 | -14.5% |
| Accrued charges and deferred income | 492/3 | €120,000 | €110,000 | -€10,000 | -8.3% |
| Non-recurring operating income | 76A | - | €372 | +€372 | |
| Remuneration, social security and pensions | 62 | €53,827 | €39,881 | -€13,946 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | €2,509 | -€850 | -25.3% |
| Other operating charges | 640/8 | €1,473 | €1,236 | -€238 | -16.1% |
| Gross operating margin | 9900 | €82,387 | €64,085 | -€18,302 | -22.2% |
| Operating profit (loss) | 9901 | €23,728 | €20,459 | -€3,269 | -13.8% |
| Financial income | 75/76B | €664 | €2,719 | +€2,054 | +309% |
| Recurring financial income | 75 | €664 | €2,719 | +€2,054 | +309% |
| Financial charges | 65/66B | €428 | €219 | -€209 | -48.8% |
| Recurring financial charges | 65 | €428 | €219 | -€209 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €23,964 | €22,958 | -€1,005 | -4.2% |
| Income taxes | 67/77 | €6,620 | €6,287 | -€333 | -5.0% |
| Profit (loss) for the period | 9904 | €17,344 | €16,671 | -€673 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,344 | €16,671 | -€673 | -3.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.