SECULUX: 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.
What changed
SECULUX
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€263,551
2024 · €294,625-€31,074
Equity
€1.4m
2024 · €2.2m-€736,449
Cash
€248,398
2024 · €138,857+€109,541
Balance sheet total
€5.9m
2024 · €6.0m-€25,186
Largest movements
Assets
- Stocks and contracts -€129,164
down €129,164 (-12.3%), from €1.1m to €921,378
- Cash +€109,541
up €109,541 (+78.9%), from €138,857 to €248,398
mainly Trade debts (+€459,637) and Other debts (+€386,283)
Equity and liabilities
- Reserves -€736,449
down €736,449 (-35.0%), from €2.1m to €1.4m
of which Distributable reserves: -€736,449
- Trade debts +€459,637
up €459,637 (+91.8%), from €500,610 to €960,247
- Other debts +€386,283
up €386,283 (+35.9%), from €1.1m to €1.5m
- Debts after one year -€139,673
down €139,673 (-12.5%), from €1.1m to €981,714
- Short-term financial debts +€68,239
up €68,239 (+10.0%), from €685,074 to €753,313
Income statement
- Staff costs +€111,460
up €111,460 (+15.8%), from €703,868 to €815,329
- Financial income +€71,738
up €71,738 (+71.2%), from €100,803 to €172,541
- Gross operating margin -€45,471
down €45,471 (-4.1%), from €1.1m to €1.1m
- Financial charges -€19,083
down €19,083 (-21.2%), from €90,024 to €70,941
- Taxes -€15,640
down €15,640 (-19.4%), from €80,822 to €65,182
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.
Result 2024
€294,625
Gross operating margin
-€45,471
Staff costs
-€111,460
Depreciation
+€7,248
Write-downs
+€11,932
Other operating charges
+€217
Financial income
+€71,738
Financial charges
+€19,083
Taxes
+€15,640
Result 2025
€263,551
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€28,437
Financing
-€1.1m
Cash 2024
€138,857
From operations (derived)
+€1.2m
Net result for the year
+€263,551
Depreciation
+€30,083
Stocks and contracts
+€129,164
Receivables within one year
-€24,311
Deferred charges and accrued income
+€28,227
Trade debts
+€459,637
Tax, wage and social debts
-€41,799
Other debts
+€386,283
Accrued charges and deferred income
-€25,257
Investment (derived)
-€28,437
Investment in fixed assets (net)
-€28,437
Financing
-€1.1m
Debts after one year
-€139,673
Current portion of long-term debt
+€3,832
Short-term financial debts
+€68,239
Contributions, distributions and other
-€1.0m
Cash 2025
€248,398
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,956,803 | €5,931,617 | -€25,186 | -0.4% |
| Fixed assets | 21/28 | €1,002,704 | €1,001,058 | -€1,646 | -0.2% |
| Intangible fixed assets | 21 | €1,285 | - | -€1,285 | |
| Tangible fixed assets | 22/27 | €91,418 | €91,058 | -€361 | -0.4% |
| Land and buildings | 22 | €66,959 | €63,607 | -€3,352 | -5.0% |
| Plant, machinery and equipment | 23 | €10,246 | €8,697 | -€1,549 | -15.1% |
| Furniture and vehicles | 24 | €14,213 | €18,754 | +€4,540 | +31.9% |
| Financial fixed assets | 28 | €910,000 | €910,000 | = | 0.0% |
| Current assets | 29/58 | €4,954,099 | €4,930,559 | -€23,540 | -0.5% |
| Stocks and contracts in progress | 3 | €1,050,542 | €921,378 | -€129,164 | -12.3% |
| Stocks | 30/36 | €1,050,542 | €921,378 | -€129,164 | -12.3% |
| Amounts receivable within one year | 40/41 | €3,713,428 | €3,737,739 | +€24,311 | +0.7% |
| Trade receivables | 40 | €676,068 | €824,152 | +€148,084 | +21.9% |
| Other amounts receivable | 41 | €3,037,360 | €2,913,586 | -€123,774 | -4.1% |
| Current investments | 50/53 | €3,027 | €3,027 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €138,857 | €248,398 | +€109,541 | +78.9% |
| Deferred charges and accrued income | 490/1 | €48,245 | €20,018 | -€28,227 | -58.5% |
| Total equity and liabilities | 10/49 | €5,956,803 | €5,931,617 | -€25,186 | -0.4% |
| Equity | 10/15 | €2,181,152 | €1,444,703 | -€736,449 | -33.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €2,106,152 | €1,369,703 | -€736,449 | -35.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,046 | €182,046 | = | 0.0% |
| Distributable reserves | 133 | €1,916,605 | €1,180,157 | -€736,449 | -38.4% |
| Amounts payable | 17/49 | €3,775,651 | €4,486,914 | +€711,263 | +18.8% |
| Amounts payable after more than one year | 17 | €1,121,386 | €981,714 | -€139,673 | -12.5% |
| Financial debts | 170/4 | €1,121,386 | €981,714 | -€139,673 | -12.5% |
| Amounts payable within one year | 42/48 | €2,629,008 | €3,505,200 | +€876,192 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €135,841 | €139,673 | +€3,832 | +2.8% |
| Financial debts | 43 | €685,074 | €753,313 | +€68,239 | +10.0% |
| Credit institutions | 430/8 | €685,074 | €753,313 | +€68,239 | +10.0% |
| Trade debts | 44 | €500,610 | €960,247 | +€459,637 | +91.8% |
| Suppliers | 440/4 | €500,610 | €960,247 | +€459,637 | +91.8% |
| Taxes, remuneration and social security | 45 | €231,983 | €190,185 | -€41,799 | -18.0% |
| Taxes | 450/3 | €124,622 | €57,593 | -€67,029 | -53.8% |
| Remuneration and social security | 454/9 | €107,361 | €132,592 | +€25,231 | +23.5% |
| Other amounts payable | 47/48 | €1,075,500 | €1,461,783 | +€386,283 | +35.9% |
| Accrued charges and deferred income | 492/3 | €25,257 | - | -€25,257 | |
| Non-recurring operating income | 76A | €1,051 | €14,195 | +€13,144 | +1,251% |
| Remuneration, social security and pensions | 62 | €703,868 | €815,329 | +€111,460 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,332 | €30,083 | -€7,248 | -19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €86 | -€11,845 | -€11,932 | |
| Other operating charges | 640/8 | €8,960 | €8,743 | -€217 | -2.4% |
| Gross operating margin | 9900 | €1,114,914 | €1,069,443 | -€45,471 | -4.1% |
| Operating profit (loss) | 9901 | €364,668 | €227,133 | -€137,535 | -37.7% |
| Financial income | 75/76B | €100,803 | €172,541 | +€71,738 | +71.2% |
| Recurring financial income | 75 | €100,803 | €172,541 | +€71,738 | +71.2% |
| Financial charges | 65/66B | €90,024 | €70,941 | -€19,083 | -21.2% |
| Recurring financial charges | 65 | €90,024 | €70,941 | -€19,083 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €375,447 | €328,733 | -€46,714 | -12.4% |
| Income taxes | 67/77 | €80,822 | €65,182 | -€15,640 | -19.4% |
| Profit (loss) for the period | 9904 | €294,625 | €263,551 | -€31,074 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €294,625 | €263,551 | -€31,074 | -10.5% |
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 15 October 2026 via checked.be.