SECREMO: what changed
Two fiscal 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.
SECREMO
Largest movements
- Cash -€13,554
down €13,554 (-20.3%), from €66,804 to €53,251
mainly Other debts (-€11,983) and Receivables within one year (-€9,302)
- Stocks and contracts -€12,000
down €12,000 (-26.0%), from €46,198 to €34,198
- Receivables within one year +€9,302
up €9,302 (+16.1%), from €57,766 to €67,068
- Other debts -€11,983
down €11,983 (-12.6%), from €94,814 to €82,832
- Profit (loss) carried forward -€3,359
down €3,359 (-2.1%), from -€162,816 to -€166,175
- Trade debts -€1,858
down €1,858 (-91.6%), from €2,028 to €170
- Gross operating margin -€11,410
down €11,410, from €4,812 to -€6,598
- Financial charges -€1,452
down €1,452 (-89.6%), from €1,620 to €169
- Financial income +€1,261
up €1,261 (+48.6%), from €2,596 to €3,857
- Other operating charges +€288
up €288 (+178.1%), from €162 to €449
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 | €171,974 | €154,774 | -€17,199 | -10.0% |
| Current assets | 29/58 | €171,974 | €154,774 | -€17,199 | -10.0% |
| Stocks and contracts in progress | 3 | €46,198 | €34,198 | -€12,000 | -26.0% |
| Stocks | 30/36 | €46,198 | €34,198 | -€12,000 | -26.0% |
| Amounts receivable within one year | 40/41 | €57,766 | €67,068 | +€9,302 | +16.1% |
| Other amounts receivable | 41 | €57,766 | €67,068 | +€9,302 | +16.1% |
| Cash at bank and in hand | 54/58 | €66,804 | €53,251 | -€13,554 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,206 | €258 | -€948 | -78.6% |
| Total equity and liabilities | 10/49 | €171,974 | €154,774 | -€17,199 | -10.0% |
| Equity | 10/15 | €74,694 | €71,335 | -€3,359 | -4.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €175,510 | €175,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €169,310 | €169,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,816 | -€166,175 | -€3,359 | -2.1% |
| Amounts payable | 17/49 | €97,280 | €83,439 | -€13,840 | -14.2% |
| Amounts payable within one year | 42/48 | €97,280 | €83,439 | -€13,840 | -14.2% |
| Trade debts | 44 | €2,028 | €170 | -€1,858 | -91.6% |
| Suppliers | 440/4 | €2,028 | €170 | -€1,858 | -91.6% |
| Taxes, remuneration and social security | 45 | €438 | €438 | = | 0.0% |
| Taxes | 450/3 | €438 | €438 | = | 0.0% |
| Other amounts payable | 47/48 | €94,814 | €82,832 | -€11,983 | -12.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €162 | €449 | +€288 | +178.1% |
| Gross operating margin | 9900 | €4,812 | -€6,598 | -€11,410 | |
| Operating profit (loss) | 9901 | €4,650 | -€7,047 | -€11,698 | |
| Financial income | 75/76B | €2,596 | €3,857 | +€1,261 | +48.6% |
| Recurring financial income | 75 | €2,596 | €3,857 | +€1,261 | +48.6% |
| Financial charges | 65/66B | €1,620 | €169 | -€1,452 | -89.6% |
| Recurring financial charges | 65 | €1,620 | €169 | -€1,452 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €5,626 | -€3,359 | -€8,985 | |
| Profit (loss) for the period | 9904 | €5,626 | -€3,359 | -€8,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,626 | -€3,359 | -€8,985 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.