SECRETS DE F...: 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.
SECRETS DE F...
Largest movements
- Tangible fixed assets -€28,182
down €28,182 (-2.5%), from €1.1m to €1.1m
- Cash -€13,700
down €13,700 (-50.5%), from €27,156 to €13,456
mainly Debts after one year (-€97,187) and Tax, wage and social debts (-€2,005)
- Debts after one year -€97,187
down €97,187 (-17.7%), from €549,769 to €452,583
of which Financial debts: -€97,187
- Reserves +€44,250
up €44,250 (+19.0%), from €233,408 to €277,658
- Taxes +€2,088
up €2,088 (+10.1%), from €20,663 to €22,751
- Financial charges -€1,861
down €1,861 (-15.7%), from €11,815 to €9,955
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 | €1,162,096 | €1,120,214 | -€41,882 | -3.6% |
| Fixed assets | 21/28 | €1,134,941 | €1,106,759 | -€28,182 | -2.5% |
| Tangible fixed assets | 22/27 | €1,134,941 | €1,106,759 | -€28,182 | -2.5% |
| Land and buildings | 22 | €1,134,941 | €1,106,759 | -€28,182 | -2.5% |
| Current assets | 29/58 | €27,156 | €13,456 | -€13,700 | -50.5% |
| Cash at bank and in hand | 54/58 | €27,156 | €13,456 | -€13,700 | -50.5% |
| Total equity and liabilities | 10/49 | €1,162,096 | €1,120,214 | -€41,882 | -3.6% |
| Equity | 10/15 | €300,570 | €344,850 | +€44,280 | +14.7% |
| Contributions | 10/11 | €66,579 | €66,579 | = | 0.0% |
| Reserves | 13 | €233,408 | €277,658 | +€44,250 | +19.0% |
| Distributable reserves | 133 | €233,408 | €277,658 | +€44,250 | +19.0% |
| Profit (loss) carried forward | 14 | €583 | €613 | +€30 | +5.1% |
| Amounts payable | 17/49 | €861,526 | €775,365 | -€86,161 | -10.0% |
| Amounts payable after more than one year | 17 | €549,769 | €452,583 | -€97,187 | -17.7% |
| Financial debts | 170/4 | €492,674 | €395,488 | -€97,187 | -19.7% |
| Other amounts payable | 178/9 | €57,095 | €57,095 | = | 0.0% |
| Amounts payable within one year | 42/48 | €311,757 | €322,782 | +€11,025 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €95,231 | €97,262 | +€2,030 | +2.1% |
| Taxes, remuneration and social security | 45 | €24,930 | €22,925 | -€2,005 | -8.0% |
| Taxes | 450/3 | €24,930 | €22,925 | -€2,005 | -8.0% |
| Other amounts payable | 47/48 | €191,595 | €202,595 | +€11,000 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,182 | €28,182 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €105,879 | €106,134 | +€255 | +0.2% |
| Operating profit (loss) | 9901 | €76,737 | €76,985 | +€248 | +0.3% |
| Financial charges | 65/66B | €11,815 | €9,955 | -€1,861 | -15.7% |
| Recurring financial charges | 65 | €11,815 | €9,955 | -€1,861 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €64,922 | €67,031 | +€2,109 | +3.2% |
| Income taxes | 67/77 | €20,663 | €22,751 | +€2,088 | +10.1% |
| Profit (loss) for the period | 9904 | €44,259 | €44,280 | +€21 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,259 | €44,280 | +€21 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.