SECUIANU: 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.
SECUIANU
Largest movements
- Cash +€134,680
up €134,680 (+12431.5%), from €1,083 to €135,763
mainly Debts after one year (+€192,795) and Other debts (+€129,640)
- Receivables within one year -€24,631
down €24,631 (-9.1%), from €271,832 to €247,201
- Tangible fixed assets -€13,221
down €13,221 (-2.4%), from €554,524 to €541,303
- Debts after one year +€192,795
new in 2025: €192,795
- Short-term financial debts -€165,206
no longer reported in 2025 (was €165,206)
- Other debts +€129,640
up €129,640 (+45.4%), from €285,643 to €415,283
- Profit (loss) carried forward -€44,797
down €44,797 (-52.0%), from -€86,141 to -€130,938
- Revaluation surpluses -€22,767
down €22,767 (-5.6%), from €409,429 to €386,662
- Gross operating margin -€15,183
down €15,183, from €6,320 to -€8,863
- Other operating charges +€5,762
up €5,762 (+101.7%), from €5,667 to €11,430
- Financial charges +€4,198
up €4,198 (+72.5%), from €5,791 to €9,989
- Depreciation +€1,338
up €1,338 (+3.4%), from €38,883 to €40,221
- Financial income +€158
up €158 (+1578900.0%), from €0 to €158
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 | €827,440 | €924,424 | +€96,984 | +11.7% |
| Fixed assets | 21/28 | €554,524 | €541,303 | -€13,221 | -2.4% |
| Tangible fixed assets | 22/27 | €554,524 | €541,303 | -€13,221 | -2.4% |
| Land and buildings | 22 | €554,524 | €541,303 | -€13,221 | -2.4% |
| Current assets | 29/58 | €272,916 | €383,121 | +€110,206 | +40.4% |
| Amounts receivable within one year | 40/41 | €271,832 | €247,201 | -€24,631 | -9.1% |
| Other amounts receivable | 41 | €271,832 | €247,201 | -€24,631 | -9.1% |
| Cash at bank and in hand | 54/58 | €1,083 | €135,763 | +€134,680 | +12431.5% |
| Deferred charges and accrued income | 490/1 | - | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €827,440 | €924,424 | +€96,984 | +11.7% |
| Equity | 10/15 | €376,119 | €305,773 | -€70,345 | -18.7% |
| Contributions | 10/11 | €50,049 | €50,049 | = | 0.0% |
| Revaluation surpluses | 12 | €409,429 | €386,662 | -€22,767 | -5.6% |
| Reserves | 13 | €2,782 | - | -€2,782 | |
| Distributable reserves | 133 | €2,782 | - | -€2,782 | |
| Profit (loss) carried forward | 14 | -€86,141 | -€130,938 | -€44,797 | -52.0% |
| Amounts payable | 17/49 | €451,321 | €618,651 | +€167,330 | +37.1% |
| Amounts payable after more than one year | 17 | - | €192,795 | +€192,795 | |
| Financial debts | 170/4 | - | €192,795 | +€192,795 | |
| Amounts payable within one year | 42/48 | €451,321 | €425,856 | -€25,465 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,662 | +€6,662 | |
| Financial debts | 43 | €165,206 | - | -€165,206 | |
| Credit institutions | 430/8 | €165,206 | - | -€165,206 | |
| Trade debts | 44 | €472 | €3,911 | +€3,439 | +728.7% |
| Suppliers | 440/4 | €472 | €3,911 | +€3,439 | +728.7% |
| Other amounts payable | 47/48 | €285,643 | €415,283 | +€129,640 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,883 | €40,221 | +€1,338 | +3.4% |
| Other operating charges | 640/8 | €5,667 | €11,430 | +€5,762 | +101.7% |
| Gross operating margin | 9900 | €6,320 | -€8,863 | -€15,183 | |
| Operating profit (loss) | 9901 | -€38,230 | -€60,514 | -€22,284 | -58.3% |
| Financial income | 75/76B | €0 | €158 | +€158 | +1578900.0% |
| Recurring financial income | 75 | €0 | €158 | +€158 | +1578900.0% |
| Financial charges | 65/66B | €5,791 | €9,989 | +€4,198 | +72.5% |
| Recurring financial charges | 65 | €5,791 | €9,989 | +€4,198 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,021 | -€70,345 | -€26,324 | -59.8% |
| Profit (loss) for the period | 9904 | -€44,021 | -€70,345 | -€26,324 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,021 | -€70,345 | -€26,324 | -59.8% |
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 4 October 2026 via checked.be.