Seculyn: 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.
Seculyn
Largest movements
- Receivables within one year +€127,459
up €127,459 (+18.3%), from €696,038 to €823,497
of which Trade receivables: +€175,393
- Cash +€70,049
up €70,049 (+117.7%), from €59,501 to €129,551
mainly Trade debts (+€242,054) and Net result for the year (+€25,230)
- Stocks and contracts +€42,591
up €42,591 (+34.0%), from €125,359 to €167,951
of which Contracts in progress: +€22,155
- Trade debts +€242,054
up €242,054 (+145.1%), from €166,775 to €408,829
- Short-term financial debts -€32,207
down €32,207 (-18.5%), from €174,127 to €141,920
- Reserves +€25,230
up €25,230 (+7.3%), from €345,914 to €371,144
of which Distributable reserves: +€25,230
- Staff costs +€37,724
up €37,724 (+5.9%), from €636,817 to €674,541
- Taxes -€29,956
down €29,956 (-61.3%), from €48,861 to €18,905
- Gross operating margin +€15,698
up €15,698 (+2.1%), from €745,945 to €761,643
- Financial charges +€15,568
up €15,568 (+187.7%), from €8,293 to €23,861
- Financial income -€8,382
down €8,382 (-42.0%), from €19,965 to €11,583
of which Non-recurring financial income: -€4,920
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €923,071 | €1,166,447 | +€243,376 | +26.4% |
| Fixed assets | 21/28 | €41,656 | €44,863 | +€3,207 | +7.7% |
| Intangible fixed assets | 21 | €11,670 | €8,677 | -€2,993 | -25.6% |
| Tangible fixed assets | 22/27 | €29,987 | €36,186 | +€6,200 | +20.7% |
| Plant, machinery and equipment | 23 | €5,579 | €4,162 | -€1,417 | -25.4% |
| Furniture and vehicles | 24 | €24,407 | €32,024 | +€7,617 | +31.2% |
| Current assets | 29/58 | €881,414 | €1,121,584 | +€240,169 | +27.2% |
| Stocks and contracts in progress | 3 | €125,359 | €167,951 | +€42,591 | +34.0% |
| Stocks | 30/36 | €95,289 | €115,726 | +€20,436 | +21.4% |
| Contracts in progress | 37 | €30,070 | €52,225 | +€22,155 | +73.7% |
| Amounts receivable within one year | 40/41 | €696,038 | €823,497 | +€127,459 | +18.3% |
| Trade receivables | 40 | €486,422 | €661,815 | +€175,393 | +36.1% |
| Other amounts receivable | 41 | €209,615 | €161,681 | -€47,934 | -22.9% |
| Cash at bank and in hand | 54/58 | €59,501 | €129,551 | +€70,049 | +117.7% |
| Deferred charges and accrued income | 490/1 | €516 | €586 | +€70 | +13.6% |
| Total equity and liabilities | 10/49 | €923,071 | €1,166,447 | +€243,376 | +26.4% |
| Equity | 10/15 | €376,914 | €402,144 | +€25,230 | +6.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €345,914 | €371,144 | +€25,230 | +7.3% |
| Tax-exempt reserves | 132 | €48,057 | €48,057 | = | 0.0% |
| Distributable reserves | 133 | €297,856 | €323,086 | +€25,230 | +8.5% |
| Amounts payable | 17/49 | €546,157 | €764,303 | +€218,146 | +39.9% |
| Amounts payable within one year | 42/48 | €546,157 | €764,303 | +€218,146 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,373 | +€5,373 | |
| Financial debts | 43 | €174,127 | €141,920 | -€32,207 | -18.5% |
| Credit institutions | 430/8 | €174,127 | €141,920 | -€32,207 | -18.5% |
| Trade debts | 44 | €166,775 | €408,829 | +€242,054 | +145.1% |
| Suppliers | 440/4 | €166,775 | €408,829 | +€242,054 | +145.1% |
| Advances received on contracts in progress | 46 | €1,208 | €10,287 | +€9,079 | +751.7% |
| Taxes, remuneration and social security | 45 | €204,048 | €197,894 | -€6,154 | -3.0% |
| Taxes | 450/3 | €112,790 | €62,830 | -€49,960 | -44.3% |
| Remuneration and social security | 454/9 | €91,258 | €135,064 | +€43,806 | +48.0% |
| Remuneration, social security and pensions | 62 | €636,817 | €674,541 | +€37,724 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,322 | €14,849 | +€1,527 | +11.5% |
| Other operating charges | 640/8 | €6,947 | €4,338 | -€2,609 | -37.6% |
| Non-recurring operating charges | 66A | €195 | €11,503 | +€11,307 | +5784.3% |
| Gross operating margin | 9900 | €745,945 | €761,643 | +€15,698 | +2.1% |
| Operating profit (loss) | 9901 | €88,664 | €56,413 | -€32,251 | -36.4% |
| Financial income | 75/76B | €19,965 | €11,583 | -€8,382 | -42.0% |
| Recurring financial income | 75 | €9,536 | €6,074 | -€3,462 | -36.3% |
| Non-recurring financial income | 76B | €10,428 | €5,509 | -€4,920 | -47.2% |
| Financial charges | 65/66B | €8,293 | €23,861 | +€15,568 | +187.7% |
| Recurring financial charges | 65 | €8,293 | €23,861 | +€15,568 | +187.7% |
| Profit (loss) for the period before taxes | 9903 | €100,336 | €44,135 | -€56,201 | -56.0% |
| Income taxes | 67/77 | €48,861 | €18,905 | -€29,956 | -61.3% |
| Profit (loss) for the period | 9904 | €51,475 | €25,230 | -€26,245 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,475 | €25,230 | -€26,245 | -51.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.