SECONI: 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.
SECONI
Largest movements
- Cash -€160,065
down €160,065 (-67.3%), from €237,781 to €77,715
mainly Contributions, distributions and other (-€163,229) and Investment in fixed assets (net) (-€26,089)
- Tangible fixed assets +€20,678
up €20,678 (+134%), from €15,378 to €36,056
of which Other tangible fixed assets: +€22,755
- Deferred charges and accrued income +€20,129
up €20,129 (+1,039%), from €1,936 to €22,066
- Profit (loss) carried forward -€143,322
down €143,322 (-50.0%), from €286,885 to €143,563
- Other debts +€31,867
up €31,867 (+144%), from €22,158 to €54,025
- Tax, wage and social debts -€7,409
down €7,409 (-53.2%), from €13,921 to €6,512
- Gross operating margin -€99,505
down €99,505 (-77.5%), from €128,419 to €28,913
- Taxes -€28,332
down €28,332 (-86.0%), from €32,948 to €4,617
- Provisions +€16,000
up €16,000, from -€16,000 to €0
- Financial income -€4,061
down €4,061 (-61.8%), from €6,571 to €2,510
- Financial charges +€2,834
up €2,834 (+2,398%), from €118 to €2,953
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 | €345,763 | €225,849 | -€119,915 | -34.7% |
| Fixed assets | 21/28 | €16,428 | €37,106 | +€20,678 | +126% |
| Tangible fixed assets | 22/27 | €15,378 | €36,056 | +€20,678 | +134% |
| Furniture and vehicles | 24 | €9,917 | €7,840 | -€2,078 | -20.9% |
| Other tangible fixed assets | 26 | €5,461 | €28,216 | +€22,755 | +417% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €329,335 | €188,743 | -€140,592 | -42.7% |
| Amounts receivable within one year | 40/41 | €9,366 | €8,137 | -€1,229 | -13.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,366 | €8,137 | -€1,229 | -13.1% |
| Current investments | 50/53 | €80,252 | €80,825 | +€573 | +0.7% |
| Cash at bank and in hand | 54/58 | €237,781 | €77,715 | -€160,065 | -67.3% |
| Deferred charges and accrued income | 490/1 | €1,936 | €22,066 | +€20,129 | +1,039% |
| Total equity and liabilities | 10/49 | €345,763 | €225,849 | -€119,915 | -34.7% |
| Equity | 10/15 | €307,345 | €162,163 | -€145,182 | -47.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €286,885 | €143,563 | -€143,322 | -50.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €38,418 | €63,686 | +€25,267 | +65.8% |
| Amounts payable within one year | 42/48 | €38,128 | €60,871 | +€22,743 | +59.6% |
| Financial debts | 43 | €184 | €0 | -€184 | -100% |
| Other loans | 439 | €184 | €0 | -€184 | -100% |
| Trade debts | 44 | €1,865 | €334 | -€1,531 | -82.1% |
| Suppliers | 440/4 | €1,865 | €334 | -€1,531 | -82.1% |
| Taxes, remuneration and social security | 45 | €13,921 | €6,512 | -€7,409 | -53.2% |
| Taxes | 450/3 | €13,921 | €6,512 | -€7,409 | -53.2% |
| Other amounts payable | 47/48 | €22,158 | €54,025 | +€31,867 | +144% |
| Accrued charges and deferred income | 492/3 | €290 | €2,815 | +€2,525 | +871% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,295 | €5,411 | +€1,116 | +26.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,000 | €0 | +€16,000 | |
| Other operating charges | 640/8 | €387 | €396 | +€9 | +2.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €128,419 | €28,913 | -€99,505 | -77.5% |
| Operating profit (loss) | 9901 | €139,736 | €23,106 | -€116,631 | -83.5% |
| Financial income | 75/76B | €6,571 | €2,510 | -€4,061 | -61.8% |
| Recurring financial income | 75 | €6,571 | €2,510 | -€4,061 | -61.8% |
| Financial charges | 65/66B | €118 | €2,953 | +€2,834 | +2,398% |
| Recurring financial charges | 65 | €118 | €2,953 | +€2,834 | +2,398% |
| Profit (loss) for the period before taxes | 9903 | €146,189 | €22,664 | -€123,526 | -84.5% |
| Income taxes | 67/77 | €32,948 | €4,617 | -€28,332 | -86.0% |
| Profit (loss) for the period | 9904 | €113,241 | €18,047 | -€95,194 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,241 | €18,047 | -€95,194 | -84.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.