Secrato: 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.
Secrato
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+413.9%), from €340,083 to €1.7m
of which Other amounts receivable: +€1.3m
- Tangible fixed assets -€1.0m
down €1.0m (-88.0%), from €1.2m to €141,826
of which Land and buildings: -€923,011
- Receivables after one year -€297,000
down €297,000 (-100.0%), from €297,000 to €0
- Cash +€52,541
up €52,541 (+47.0%), from €111,780 to €164,321
mainly Investment in fixed assets (net) (+€994,677) and Receivables after one year (+€297,000)
- Debts after one year -€271,306
down €271,306 (-100.0%), from €271,306 to €0
- Other debts +€171,987
up €171,987 (+25951.3%), from €663 to €172,650
- Reserves +€150,601
up €150,601 (+10.4%), from €1.5m to €1.6m
- Trade debts +€49,861
up €49,861 (+31.3%), from €159,518 to €209,379
- Tax, wage and social debts +€45,102
up €45,102 (+149.0%), from €30,272 to €75,373
- Taxes +€82,091
up €82,091 (+188.8%), from €43,479 to €125,570
- Gross operating margin +€81,187
up €81,187 (+25.6%), from €317,646 to €398,833
- Other operating charges -€51,599
down €51,599 (-44.2%), from €116,687 to €65,088
- Financial income +€29,029
up €29,029 (+216.3%), from €13,421 to €42,450
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.
Cash bridge derived
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 | €1,943,278 | €2,062,069 | +€118,791 | +6.1% |
| Fixed assets | 21/28 | €1,185,585 | €141,826 | -€1.0m | -88.0% |
| Tangible fixed assets | 22/27 | €1,185,585 | €141,826 | -€1.0m | -88.0% |
| Land and buildings | 22 | €923,011 | €0 | -€923,011 | -100.0% |
| Furniture and vehicles | 24 | €262,574 | €141,826 | -€120,748 | -46.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €757,694 | €1,920,243 | +€1.2m | +153.4% |
| Amounts receivable after more than one year | 29 | €297,000 | €0 | -€297,000 | -100.0% |
| Other amounts receivable | 291 | €297,000 | €0 | -€297,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €340,083 | €1,747,843 | +€1.4m | +413.9% |
| Trade receivables | 40 | €148,602 | €217,673 | +€69,071 | +46.5% |
| Other amounts receivable | 41 | €191,481 | €1,530,170 | +€1.3m | +699.1% |
| Cash at bank and in hand | 54/58 | €111,780 | €164,321 | +€52,541 | +47.0% |
| Deferred charges and accrued income | 490/1 | €8,831 | €8,080 | -€750 | -8.5% |
| Total equity and liabilities | 10/49 | €1,943,278 | €2,062,069 | +€118,791 | +6.1% |
| Equity | 10/15 | €1,453,796 | €1,604,397 | +€150,601 | +10.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,451,796 | €1,602,397 | +€150,601 | +10.4% |
| Distributable reserves | 133 | €1,451,796 | €1,602,397 | +€150,601 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €489,483 | €457,672 | -€31,810 | -6.5% |
| Amounts payable after more than one year | 17 | €271,306 | €0 | -€271,306 | -100.0% |
| Financial debts | 170/4 | €271,306 | €0 | -€271,306 | -100.0% |
| Amounts payable within one year | 42/48 | €217,752 | €457,402 | +€239,650 | +110.1% |
| Current portion of amounts payable after more than one year | 42 | €27,300 | €0 | -€27,300 | -100.0% |
| Trade debts | 44 | €159,518 | €209,379 | +€49,861 | +31.3% |
| Suppliers | 440/4 | €159,518 | €209,379 | +€49,861 | +31.3% |
| Taxes, remuneration and social security | 45 | €30,272 | €75,373 | +€45,102 | +149.0% |
| Taxes | 450/3 | €30,272 | €75,373 | +€45,102 | +149.0% |
| Other amounts payable | 47/48 | €663 | €172,650 | +€171,987 | +25951.3% |
| Accrued charges and deferred income | 492/3 | €425 | €271 | -€154 | -36.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,351 | €49,081 | +€3,730 | +8.2% |
| Other operating charges | 640/8 | €116,687 | €65,088 | -€51,599 | -44.2% |
| Non-recurring operating charges | 66A | - | €40,729 | +€40,729 | |
| Gross operating margin | 9900 | €317,646 | €398,833 | +€81,187 | +25.6% |
| Operating profit (loss) | 9901 | €155,608 | €243,935 | +€88,327 | +56.8% |
| Financial income | 75/76B | €13,421 | €42,450 | +€29,029 | +216.3% |
| Recurring financial income | 75 | €13,421 | €42,450 | +€29,029 | +216.3% |
| Financial charges | 65/66B | €5,938 | €9,354 | +€3,416 | +57.5% |
| Recurring financial charges | 65 | €5,938 | €9,354 | +€3,416 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €163,090 | €277,031 | +€113,941 | +69.9% |
| Income taxes | 67/77 | €43,479 | €125,570 | +€82,091 | +188.8% |
| Profit (loss) for the period | 9904 | €119,611 | €151,460 | +€31,849 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,611 | €151,460 | +€31,849 | +26.6% |
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 10 October 2026 via checked.be.