Seconex: 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.
Seconex
Largest movements
- Cash -€24,644
down €24,644 (-90.8%), from €27,142 to €2,498
mainly Net result for the year (-€30,010) and Tax, wage and social debts (-€25,553)
- Receivables within one year -€23,836
down €23,836 (-38.2%), from €62,440 to €38,604
of which Other amounts receivable: -€19,851
- Tangible fixed assets -€18,678
down €18,678 (-9.8%), from €189,872 to €171,193
of which Land and buildings: -€13,058
- Deferred charges and accrued income -€3,791
down €3,791 (-51.0%), from €7,436 to €3,645
- Profit (loss) carried forward -€28,150
down €28,150, from €8,182 to -€19,968
- Tax, wage and social debts -€25,553
down €25,553 (-59.3%), from €43,100 to €17,547
of which Taxes: -€28,303
- Debts after one year -€18,711
down €18,711 (-10.9%), from €172,170 to €153,459
- Short-term financial debts +€7,743
new in 2025: €7,743
- Trade debts -€6,086
down €6,086 (-12.8%), from €47,547 to €41,461
- Depreciation -€50,795
down €50,795 (-70.4%), from €72,120 to €21,325
- Gross operating margin -€41,805
down €41,805 (-75.8%), from €55,160 to €13,355
- Financial charges -€7,851
down €7,851 (-32.4%), from €24,263 to €16,412
- Other operating charges -€2,493
down €2,493 (-40.9%), from €6,090 to €3,597
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 | €312,513 | €238,059 | -€74,454 | -23.8% |
| Fixed assets | 21/28 | €195,304 | €173,979 | -€21,325 | -10.9% |
| Intangible fixed assets | 21 | €5,433 | €2,786 | -€2,647 | -48.7% |
| Tangible fixed assets | 22/27 | €189,872 | €171,193 | -€18,678 | -9.8% |
| Land and buildings | 22 | €176,710 | €163,651 | -€13,058 | -7.4% |
| Plant, machinery and equipment | 23 | €3,183 | €1,939 | -€1,244 | -39.1% |
| Furniture and vehicles | 24 | €9,729 | €5,602 | -€4,127 | -42.4% |
| Other tangible fixed assets | 26 | €249 | €0 | -€249 | -100% |
| Current assets | 29/58 | €117,209 | €64,079 | -€53,129 | -45.3% |
| Stocks and contracts in progress | 3 | €20,191 | €19,333 | -€859 | -4.3% |
| Stocks | 30/36 | €20,191 | €19,333 | -€859 | -4.3% |
| Amounts receivable within one year | 40/41 | €62,440 | €38,604 | -€23,836 | -38.2% |
| Trade receivables | 40 | €26,937 | €22,952 | -€3,985 | -14.8% |
| Other amounts receivable | 41 | €35,503 | €15,652 | -€19,851 | -55.9% |
| Cash at bank and in hand | 54/58 | €27,142 | €2,498 | -€24,644 | -90.8% |
| Deferred charges and accrued income | 490/1 | €7,436 | €3,645 | -€3,791 | -51.0% |
| Total equity and liabilities | 10/49 | €312,513 | €238,059 | -€74,454 | -23.8% |
| Equity | 10/15 | €28,642 | -€1,368 | -€30,010 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €8,182 | -€19,968 | -€28,150 | |
| Amounts payable | 17/49 | €283,871 | €239,427 | -€44,445 | -15.7% |
| Amounts payable after more than one year | 17 | €172,170 | €153,459 | -€18,711 | -10.9% |
| Financial debts | 170/4 | €172,170 | €153,459 | -€18,711 | -10.9% |
| Amounts payable within one year | 42/48 | €109,538 | €85,462 | -€24,077 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €18,891 | €18,711 | -€180 | -1.0% |
| Financial debts | 43 | - | €7,743 | +€7,743 | |
| Credit institutions | 430/8 | - | €7,743 | +€7,743 | |
| Trade debts | 44 | €47,547 | €41,461 | -€6,086 | -12.8% |
| Suppliers | 440/4 | €47,547 | €41,461 | -€6,086 | -12.8% |
| Taxes, remuneration and social security | 45 | €43,100 | €17,547 | -€25,553 | -59.3% |
| Taxes | 450/3 | €43,100 | €14,797 | -€28,303 | -65.7% |
| Remuneration and social security | 454/9 | - | €2,750 | +€2,750 | |
| Accrued charges and deferred income | 492/3 | €2,163 | €506 | -€1,657 | -76.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,120 | €21,325 | -€50,795 | -70.4% |
| Other operating charges | 640/8 | €6,090 | €3,597 | -€2,493 | -40.9% |
| Non-recurring operating charges | 66A | €0 | €2,184 | +€2,184 | |
| Gross operating margin | 9900 | €55,160 | €13,355 | -€41,805 | -75.8% |
| Operating profit (loss) | 9901 | -€23,049 | -€13,751 | +€9,299 | +40.3% |
| Financial income | 75/76B | €692 | €503 | -€189 | -27.3% |
| Recurring financial income | 75 | €692 | €503 | -€189 | -27.3% |
| Financial charges | 65/66B | €24,263 | €16,412 | -€7,851 | -32.4% |
| Recurring financial charges | 65 | €24,263 | €16,412 | -€7,851 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,620 | -€29,659 | +€16,961 | +36.4% |
| Income taxes | 67/77 | €354 | €350 | -€3 | -0.9% |
| Profit (loss) for the period | 9904 | -€46,974 | -€30,010 | +€16,964 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,974 | -€30,010 | +€16,964 | +36.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.