SECOTECH: 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.
SECOTECH
Largest movements
- Cash +€91,094
up €91,094 (+24.0%), from €378,831 to €469,925
mainly Net result for the year (+€174,823) and Depreciation (+€119,853)
- Tangible fixed assets -€39,204
down €39,204 (-9.2%), from €424,495 to €385,291
of which Furniture and vehicles: -€81,200
- Profit (loss) carried forward +€174,822
up €174,822 (+399%), from €43,791 to €218,613
- Reserves -€117,185
down €117,185 (-9.3%), from €1.3m to €1.1m
- Tax, wage and social debts +€22,758
up €22,758 (+139%), from €16,364 to €39,122
of which Remuneration and social security: +€23,304
- Trade debts -€21,608
down €21,608 (-8.9%), from €242,164 to €220,556
- Depreciation +€23,254
up €23,254 (+24.1%), from €96,599 to €119,853
- Taxes -€21,363
down €21,363 (-26.5%), from €80,567 to €59,204
- Gross operating margin +€18,184
up €18,184 (+3.4%), from €536,167 to €554,351
- Staff costs +€17,740
up €17,740 (+10.7%), from €165,519 to €183,259
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 | €1,712,490 | €1,776,099 | +€63,609 | +3.7% |
| Fixed assets | 21/28 | €467,444 | €428,875 | -€38,569 | -8.3% |
| Tangible fixed assets | 22/27 | €424,495 | €385,291 | -€39,204 | -9.2% |
| Land and buildings | 22 | €88,110 | €103,035 | +€14,925 | +16.9% |
| Plant, machinery and equipment | 23 | €83,554 | €110,625 | +€27,071 | +32.4% |
| Furniture and vehicles | 24 | €252,831 | €171,631 | -€81,200 | -32.1% |
| Financial fixed assets | 28 | €42,949 | €43,584 | +€635 | +1.5% |
| Current assets | 29/58 | €1,245,046 | €1,347,224 | +€102,178 | +8.2% |
| Stocks and contracts in progress | 3 | €133,684 | €123,793 | -€9,891 | -7.4% |
| Stocks | 30/36 | €133,684 | €123,793 | -€9,891 | -7.4% |
| Amounts receivable within one year | 40/41 | €714,238 | €731,797 | +€17,559 | +2.5% |
| Trade receivables | 40 | €684,450 | €633,299 | -€51,151 | -7.5% |
| Other amounts receivable | 41 | €29,788 | €98,498 | +€68,710 | +231% |
| Current investments | 50/53 | €974 | €1,049 | +€75 | +7.7% |
| Cash at bank and in hand | 54/58 | €378,831 | €469,925 | +€91,094 | +24.0% |
| Deferred charges and accrued income | 490/1 | €17,319 | €20,660 | +€3,341 | +19.3% |
| Total equity and liabilities | 10/49 | €1,712,490 | €1,776,099 | +€63,609 | +3.7% |
| Equity | 10/15 | €1,313,099 | €1,370,736 | +€57,637 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,263,108 | €1,145,923 | -€117,185 | -9.3% |
| Distributable reserves | 133 | €1,263,108 | €1,145,923 | -€117,185 | -9.3% |
| Profit (loss) carried forward | 14 | €43,791 | €218,613 | +€174,822 | +399% |
| Amounts payable | 17/49 | €399,391 | €405,363 | +€5,972 | +1.5% |
| Amounts payable after more than one year | 17 | €90,157 | €90,111 | -€46 | -0.1% |
| Financial debts | 170/4 | €90,157 | €90,111 | -€46 | -0.1% |
| Amounts payable within one year | 42/48 | €309,234 | €315,252 | +€6,018 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €39,836 | €43,831 | +€3,995 | +10.0% |
| Trade debts | 44 | €242,164 | €220,556 | -€21,608 | -8.9% |
| Suppliers | 440/4 | €242,164 | €220,556 | -€21,608 | -8.9% |
| Taxes, remuneration and social security | 45 | €16,364 | €39,122 | +€22,758 | +139% |
| Taxes | 450/3 | €546 | - | -€546 | |
| Remuneration and social security | 454/9 | €15,818 | €39,122 | +€23,304 | +147% |
| Other amounts payable | 47/48 | €10,870 | €11,743 | +€873 | +8.0% |
| Remuneration, social security and pensions | 62 | €165,519 | €183,259 | +€17,740 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,599 | €119,853 | +€23,254 | +24.1% |
| Other operating charges | 640/8 | €12,676 | €15,637 | +€2,961 | +23.4% |
| Gross operating margin | 9900 | €536,167 | €554,351 | +€18,184 | +3.4% |
| Operating profit (loss) | 9901 | €261,373 | €235,602 | -€25,771 | -9.9% |
| Financial income | 75/76B | €1,755 | €5,395 | +€3,640 | +207% |
| Recurring financial income | 75 | €1,755 | €5,395 | +€3,640 | +207% |
| Financial charges | 65/66B | €6,998 | €6,970 | -€28 | -0.4% |
| Recurring financial charges | 65 | €6,998 | €6,970 | -€28 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €256,130 | €234,027 | -€22,103 | -8.6% |
| Income taxes | 67/77 | €80,567 | €59,204 | -€21,363 | -26.5% |
| Profit (loss) for the period | 9904 | €175,563 | €174,823 | -€740 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €175,563 | €174,823 | -€740 | -0.4% |
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 25 October 2026 via checked.be.