Secrèt - R: 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.
Secrèt - R
Largest movements
- Receivables within one year +€4,760
up €4,760 (+8.0%), from €59,260 to €64,020
of which Trade receivables: +€4,751
- Tangible fixed assets +€1,636
up €1,636 (+98.6%), from €1,660 to €3,296
of which Plant, machinery and equipment: +€1,999
- Cash -€1,390
down €1,390 (-71.7%), from €1,938 to €548
mainly Receivables within one year (-€4,760) and Investment in fixed assets (net) (-€2,326)
- Other debts +€3,362
up €3,362 (+13.0%), from €25,801 to €29,163
- Trade debts +€2,015
up €2,015 (+90.7%), from €2,222 to €4,237
- Gross operating margin +€65
up €65 (+4.0%), from €1,635 to €1,700
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 | €66,474 | €71,894 | +€5,420 | +8.2% |
| Fixed assets | 21/28 | €1,734 | €3,370 | +€1,636 | +94.3% |
| Tangible fixed assets | 22/27 | €1,660 | €3,296 | +€1,636 | +98.6% |
| Plant, machinery and equipment | 23 | €652 | €2,651 | +€1,999 | +306.6% |
| Furniture and vehicles | 24 | €1,008 | €645 | -€363 | -36.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €64,740 | €68,524 | +€3,784 | +5.8% |
| Amounts receivable within one year | 40/41 | €59,260 | €64,020 | +€4,760 | +8.0% |
| Trade receivables | 40 | €57,463 | €62,214 | +€4,751 | +8.3% |
| Other amounts receivable | 41 | €1,797 | €1,806 | +€9 | +0.5% |
| Cash at bank and in hand | 54/58 | €1,938 | €548 | -€1,390 | -71.7% |
| Deferred charges and accrued income | 490/1 | €3,542 | €3,956 | +€414 | +11.7% |
| Total equity and liabilities | 10/49 | €66,474 | €71,894 | +€5,420 | +8.2% |
| Equity | 10/15 | €19,141 | €19,184 | +€43 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €664 | €664 | = | 0.0% |
| Non-distributable reserves | 130/1 | €664 | €664 | = | 0.0% |
| Legal reserve | 130 | €664 | €664 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115 | -€72 | +€43 | +37.4% |
| Amounts payable | 17/49 | €47,333 | €52,710 | +€5,377 | +11.4% |
| Amounts payable after more than one year | 17 | €17,092 | €17,092 | = | 0.0% |
| Other amounts payable | 178/9 | €17,092 | €17,092 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,023 | €33,400 | +€5,377 | +19.2% |
| Trade debts | 44 | €2,222 | €4,237 | +€2,015 | +90.7% |
| Suppliers | 440/4 | €2,222 | €4,237 | +€2,015 | +90.7% |
| Other amounts payable | 47/48 | €25,801 | €29,163 | +€3,362 | +13.0% |
| Accrued charges and deferred income | 492/3 | €2,218 | €2,218 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €690 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €903 | +€7 | +0.8% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €1,635 | €1,700 | +€65 | +4.0% |
| Operating profit (loss) | 9901 | €48 | €107 | +€59 | +122.9% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Non-recurring financial income | 76B | - | €5 | +€5 | |
| Financial charges | 65/66B | €68 | €69 | +€1 | +1.5% |
| Recurring financial charges | 65 | €68 | €69 | +€1 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€20 | €43 | +€63 | |
| Profit (loss) for the period | 9904 | -€20 | €43 | +€63 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20 | €43 | +€63 |
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.