SECRETS dB: 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.
SECRETS dB
Largest movements
- Tangible fixed assets -€17,681
down €17,681 (-19.4%), from €91,100 to €73,420
of which Other tangible fixed assets: -€17,420
- Receivables within one year -€3,987
down €3,987 (-9.5%), from €41,918 to €37,931
of which Other amounts receivable: -€5,602
- Intangible fixed assets +€2,310
new in 2025: €2,310
- Stocks and contracts +€1,959
up €1,959 (+6.8%), from €28,684 to €30,643
- Trade debts -€80,740
down €80,740 (-92.1%), from €87,657 to €6,916
- Tax, wage and social debts +€45,193
up €45,193 (+116.3%), from €38,846 to €84,039
of which Taxes: +€25,002
- Accrued charges and deferred income +€19,114
new in 2025: €19,114
- Other debts +€11,765
new in 2025: €11,765
- Current portion of long-term debt -€9,188
down €9,188 (-81.5%), from €11,275 to €2,087
- Gross operating margin +€29,178
up €29,178 (+14.8%), from €196,621 to €225,799
- Staff costs +€27,385
up €27,385 (+20.1%), from €136,452 to €163,837
- Financial income +€2,665
up €2,665 (+3430.4%), from €78 to €2,743
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 | €163,470 | €147,247 | -€16,223 | -9.9% |
| Fixed assets | 21/28 | €91,640 | €76,270 | -€15,371 | -16.8% |
| Intangible fixed assets | 21 | - | €2,310 | +€2,310 | |
| Tangible fixed assets | 22/27 | €91,100 | €73,420 | -€17,681 | -19.4% |
| Plant, machinery and equipment | 23 | €6,618 | €6,357 | -€261 | -3.9% |
| Other tangible fixed assets | 26 | €84,482 | €67,062 | -€17,420 | -20.6% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €71,829 | €70,977 | -€853 | -1.2% |
| Stocks and contracts in progress | 3 | €28,684 | €30,643 | +€1,959 | +6.8% |
| Stocks | 30/36 | €28,684 | €30,643 | +€1,959 | +6.8% |
| Amounts receivable within one year | 40/41 | €41,918 | €37,931 | -€3,987 | -9.5% |
| Trade receivables | 40 | €30,000 | €31,615 | +€1,615 | +5.4% |
| Other amounts receivable | 41 | €11,918 | €6,316 | -€5,602 | -47.0% |
| Cash at bank and in hand | 54/58 | €1,228 | €2,403 | +€1,175 | +95.7% |
| Total equity and liabilities | 10/49 | €163,470 | €147,247 | -€16,223 | -9.9% |
| Equity | 10/15 | €23,276 | €23,326 | +€50 | +0.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,855 | €6,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,129 | -€2,079 | +€50 | +2.3% |
| Amounts payable | 17/49 | €140,194 | €123,921 | -€16,273 | -11.6% |
| Amounts payable within one year | 42/48 | €140,194 | €104,807 | -€35,387 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €11,275 | €2,087 | -€9,188 | -81.5% |
| Financial debts | 43 | €2,416 | - | -€2,416 | |
| Credit institutions | 430/8 | €2,416 | - | -€2,416 | |
| Trade debts | 44 | €87,657 | €6,916 | -€80,740 | -92.1% |
| Suppliers | 440/4 | €87,657 | €6,916 | -€80,740 | -92.1% |
| Taxes, remuneration and social security | 45 | €38,846 | €84,039 | +€45,193 | +116.3% |
| Taxes | 450/3 | €21,624 | €46,625 | +€25,002 | +115.6% |
| Remuneration and social security | 454/9 | €17,222 | €37,414 | +€20,192 | +117.2% |
| Other amounts payable | 47/48 | - | €11,765 | +€11,765 | |
| Accrued charges and deferred income | 492/3 | - | €19,114 | +€19,114 | |
| Remuneration, social security and pensions | 62 | €136,452 | €163,837 | +€27,385 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,996 | €20,363 | -€1,633 | -7.4% |
| Other operating charges | 640/8 | €703 | €1,710 | +€1,007 | +143.3% |
| Non-recurring operating charges | 66A | - | €19,114 | +€19,114 | |
| Gross operating margin | 9900 | €196,621 | €225,799 | +€29,178 | +14.8% |
| Operating profit (loss) | 9901 | €37,470 | €20,775 | -€16,695 | -44.6% |
| Financial income | 75/76B | €78 | €2,743 | +€2,665 | +3430.4% |
| Recurring financial income | 75 | €78 | €2,743 | +€2,665 | +3430.4% |
| Financial charges | 65/66B | €21,790 | €23,446 | +€1,656 | +7.6% |
| Recurring financial charges | 65 | €21,790 | €23,446 | +€1,656 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €15,757 | €71 | -€15,686 | -99.5% |
| Income taxes | 67/77 | €22 | €22 | -€0 | -2.0% |
| Profit (loss) for the period | 9904 | €15,735 | €50 | -€15,686 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,735 | €50 | -€15,686 | -99.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.