SECRETARIAT CONCEPT: 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.
SECRETARIAT CONCEPT
Largest movements
- Cash -€74,197
down €74,197 (-76.0%), from €97,601 to €23,403
mainly Other debts (-€54,475) and Tax, wage and social debts (-€21,937)
- Receivables within one year -€33,736
down €33,736 (-75.4%), from €44,716 to €10,981
of which Trade receivables: -€21,422
- Tangible fixed assets -€2,083
down €2,083 (-23.5%), from €8,848 to €6,765
of which Other tangible fixed assets: -€1,492
- Other debts -€54,475
down €54,475 (-86.6%), from €62,909 to €8,434
- Tax, wage and social debts -€21,937
down €21,937 (-88.7%), from €24,729 to €2,792
of which Taxes: -€12,963
- Contributions -€18,550
no longer reported in 2025 (was €18,550)
- Trade debts -€7,071
down €7,071 (-80.9%), from €8,745 to €1,674
- Profit (loss) carried forward -€4,677
new in 2025: -€4,677
- Gross operating margin -€28,631
down €28,631 (-26.2%), from €109,168 to €80,537
- Staff costs -€11,983
down €11,983 (-12.5%), from €95,591 to €83,608
- Taxes -€3,745
down €3,745 (-89.6%), from €4,180 to €435
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 | €152,467 | €42,809 | -€109,658 | -71.9% |
| Fixed assets | 21/28 | €9,023 | €6,940 | -€2,083 | -23.1% |
| Tangible fixed assets | 22/27 | €8,848 | €6,765 | -€2,083 | -23.5% |
| Furniture and vehicles | 24 | €591 | - | -€591 | |
| Other tangible fixed assets | 26 | €8,258 | €6,765 | -€1,492 | -18.1% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €143,443 | €35,869 | -€107,574 | -75.0% |
| Amounts receivable within one year | 40/41 | €44,716 | €10,981 | -€33,736 | -75.4% |
| Trade receivables | 40 | €27,386 | €5,964 | -€21,422 | -78.2% |
| Other amounts receivable | 41 | €17,331 | €5,017 | -€12,313 | -71.0% |
| Cash at bank and in hand | 54/58 | €97,601 | €23,403 | -€74,197 | -76.0% |
| Deferred charges and accrued income | 490/1 | €1,126 | €1,485 | +€359 | +31.8% |
| Total equity and liabilities | 10/49 | €152,467 | €42,809 | -€109,658 | -71.9% |
| Equity | 10/15 | €54,997 | €29,910 | -€25,087 | -45.6% |
| Contributions | 10/11 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €36,447 | €34,587 | -€1,860 | -5.1% |
| Distributable reserves | 133 | €36,447 | €34,587 | -€1,860 | -5.1% |
| Profit (loss) carried forward | 14 | - | -€4,677 | -€4,677 | |
| Amounts payable | 17/49 | €97,470 | €12,899 | -€84,570 | -86.8% |
| Amounts payable within one year | 42/48 | €96,382 | €12,899 | -€83,483 | -86.6% |
| Trade debts | 44 | €8,745 | €1,674 | -€7,071 | -80.9% |
| Suppliers | 440/4 | €8,745 | €1,674 | -€7,071 | -80.9% |
| Taxes, remuneration and social security | 45 | €24,729 | €2,792 | -€21,937 | -88.7% |
| Taxes | 450/3 | €15,755 | €2,792 | -€12,963 | -82.3% |
| Remuneration and social security | 454/9 | €8,974 | - | -€8,974 | |
| Other amounts payable | 47/48 | €62,909 | €8,434 | -€54,475 | -86.6% |
| Accrued charges and deferred income | 492/3 | €1,087 | - | -€1,087 | |
| Remuneration, social security and pensions | 62 | €95,591 | €83,608 | -€11,983 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,803 | €2,083 | -€720 | -25.7% |
| Other operating charges | 640/8 | €769 | €1,198 | +€429 | +55.8% |
| Gross operating margin | 9900 | €109,168 | €80,537 | -€28,631 | -26.2% |
| Operating profit (loss) | 9901 | €10,005 | -€6,353 | -€16,358 | |
| Financial income | 75/76B | €274 | €733 | +€459 | +167% |
| Recurring financial income | 75 | €274 | €733 | +€459 | +167% |
| Financial charges | 65/66B | €276 | €482 | +€206 | +74.4% |
| Recurring financial charges | 65 | €276 | €482 | +€206 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €10,003 | -€6,102 | -€16,105 | |
| Income taxes | 67/77 | €4,180 | €435 | -€3,745 | -89.6% |
| Profit (loss) for the period | 9904 | €5,823 | -€6,537 | -€12,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,823 | -€6,537 | -€12,360 |
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 30 October 2026 via checked.be.