Secrata: 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.
Secrata
Largest movements
- Receivables within one year +€52,589
up €52,589 (+137%), from €38,516 to €91,105
of which Other amounts receivable: +€34,569
- Tangible fixed assets -€25,439
down €25,439 (-8.0%), from €317,036 to €291,597
of which Land and buildings: -€22,341
- Cash -€4,806
down €4,806 (-21.7%), from €22,117 to €17,311
mainly Receivables within one year (-€52,589) and Debts after one year (-€20,798)
- Reserves +€35,537
up €35,537 (+44.7%), from €79,563 to €115,101
- Debts after one year -€20,798
down €20,798 (-8.3%), from €252,064 to €231,266
- Tax, wage and social debts +€7,042
up €7,042 (+38.9%), from €18,100 to €25,142
of which Taxes: +€4,042
- Gross operating margin +€5,699
up €5,699 (+7.6%), from €74,737 to €80,437
- Taxes +€2,014
up €2,014 (+16.1%), from €12,475 to €14,489
- Financial income +€1,526
up €1,526 (+157%), from €973 to €2,499
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 | €378,395 | €402,444 | +€24,049 | +6.4% |
| Fixed assets | 21/28 | €317,036 | €291,597 | -€25,439 | -8.0% |
| Tangible fixed assets | 22/27 | €317,036 | €291,597 | -€25,439 | -8.0% |
| Land and buildings | 22 | €296,176 | €273,835 | -€22,341 | -7.5% |
| Furniture and vehicles | 24 | €20,860 | €17,762 | -€3,099 | -14.9% |
| Current assets | 29/58 | €61,359 | €110,847 | +€49,489 | +80.7% |
| Amounts receivable within one year | 40/41 | €38,516 | €91,105 | +€52,589 | +137% |
| Trade receivables | 40 | €10,491 | €28,510 | +€18,020 | +172% |
| Other amounts receivable | 41 | €28,026 | €62,595 | +€34,569 | +123% |
| Cash at bank and in hand | 54/58 | €22,117 | €17,311 | -€4,806 | -21.7% |
| Deferred charges and accrued income | 490/1 | €725 | €2,431 | +€1,705 | +235% |
| Total equity and liabilities | 10/49 | €378,395 | €402,444 | +€24,049 | +6.4% |
| Equity | 10/15 | €85,763 | €121,301 | +€35,537 | +41.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,563 | €115,101 | +€35,537 | +44.7% |
| Distributable reserves | 133 | €79,563 | €115,101 | +€35,537 | +44.7% |
| Amounts payable | 17/49 | €292,631 | €281,143 | -€11,488 | -3.9% |
| Amounts payable after more than one year | 17 | €252,064 | €231,266 | -€20,798 | -8.3% |
| Financial debts | 170/4 | €252,064 | €231,266 | -€20,798 | -8.3% |
| Amounts payable within one year | 42/48 | €40,567 | €49,877 | +€9,310 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €20,537 | €20,798 | +€261 | +1.3% |
| Trade debts | 44 | €1,081 | €3,087 | +€2,007 | +186% |
| Suppliers | 440/4 | €1,081 | €3,087 | +€2,007 | +186% |
| Taxes, remuneration and social security | 45 | €18,100 | €25,142 | +€7,042 | +38.9% |
| Taxes | 450/3 | €18,100 | €22,142 | +€4,042 | +22.3% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €850 | €850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,034 | €28,481 | +€447 | +1.6% |
| Other operating charges | 640/8 | €1,593 | €1,510 | -€82 | -5.2% |
| Gross operating margin | 9900 | €74,737 | €80,437 | +€5,699 | +7.6% |
| Operating profit (loss) | 9901 | €45,111 | €50,446 | +€5,335 | +11.8% |
| Financial income | 75/76B | €973 | €2,499 | +€1,526 | +157% |
| Recurring financial income | 75 | €973 | €2,499 | +€1,526 | +157% |
| Financial charges | 65/66B | €3,063 | €2,918 | -€145 | -4.7% |
| Recurring financial charges | 65 | €3,063 | €2,918 | -€145 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €43,020 | €50,026 | +€7,006 | +16.3% |
| Income taxes | 67/77 | €12,475 | €14,489 | +€2,014 | +16.1% |
| Profit (loss) for the period | 9904 | €30,545 | €35,537 | +€4,992 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,545 | €35,537 | +€4,992 | +16.3% |
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 15 October 2026 via checked.be.