SECT'HEURE: what changed
SECT'HEURE
Largest movements
- Receivables within one year -€12,006
no longer reported in 2025 (was €12,006)
- Tangible fixed assets -€3,933
down €3,933 (-50.0%), from €7,867 to €3,933
- Cash -€1,253
down €1,253 (-99.9%), from €1,254 to €1
mainly Net result for the year (-€26,403) and Tax, wage and social debts (-€939)
- Profit (loss) carried forward -€26,403
down €26,403, from €3,760 to -€22,643
- Trade debts +€8,396
up €8,396 (+293%), from €2,868 to €11,264
- Other debts +€1,753
up €1,753 (+29.2%), from €6,000 to €7,753
- Tax, wage and social debts -€939
down €939 (-37.6%), from €2,499 to €1,560
- Gross operating margin -€38,288
down €38,288, from €15,818 to -€22,470
- Depreciation -€1,139
down €1,139 (-22.4%), from €5,072 to €3,933
- Taxes -€940
no longer reported in 2025 (was €940)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,127 | €3,934 | -€17,192 | -81.4% |
| Fixed assets | 21/28 | €7,867 | €3,933 | -€3,933 | -50.0% |
| Tangible fixed assets | 22/27 | €7,867 | €3,933 | -€3,933 | -50.0% |
| Furniture and vehicles | 24 | €7,867 | €3,933 | -€3,933 | -50.0% |
| Current assets | 29/58 | €13,260 | €1 | -€13,259 | -100.0% |
| Amounts receivable within one year | 40/41 | €12,006 | - | -€12,006 | |
| Other amounts receivable | 41 | €12,006 | - | -€12,006 | |
| Cash at bank and in hand | 54/58 | €1,254 | €1 | -€1,253 | -99.9% |
| Total equity and liabilities | 10/49 | €21,127 | €3,934 | -€17,192 | -81.4% |
| Equity | 10/15 | €9,760 | -€16,643 | -€26,403 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,760 | -€22,643 | -€26,403 | |
| Amounts payable | 17/49 | €11,366 | €20,577 | +€9,211 | +81.0% |
| Amounts payable within one year | 42/48 | €11,366 | €20,577 | +€9,211 | +81.0% |
| Trade debts | 44 | €2,868 | €11,264 | +€8,396 | +293% |
| Suppliers | 440/4 | €2,868 | €11,264 | +€8,396 | +293% |
| Taxes, remuneration and social security | 45 | €2,499 | €1,560 | -€939 | -37.6% |
| Taxes | 450/3 | €2,499 | €1,560 | -€939 | -37.6% |
| Other amounts payable | 47/48 | €6,000 | €7,753 | +€1,753 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,072 | €3,933 | -€1,139 | -22.4% |
| Gross operating margin | 9900 | €15,818 | -€22,470 | -€38,288 | |
| Operating profit (loss) | 9901 | €10,746 | -€26,403 | -€37,149 | |
| Financial charges | 65/66B | €46 | - | -€46 | |
| Recurring financial charges | 65 | €46 | - | -€46 | |
| Profit (loss) for the period before taxes | 9903 | €10,700 | -€26,403 | -€37,103 | |
| Income taxes | 67/77 | €940 | - | -€940 | |
| Profit (loss) for the period | 9904 | €9,760 | -€26,403 | -€36,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,760 | -€26,403 | -€36,163 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.