SECULYN TECHNICS: what changed
What changed
SECULYN TECHNICS
NACE 43.212, Electrical installation work in industrial facilities
filed annual accounts (NBB)
Net result for the year
€26,848
2023 · €91,063-€64,215
Equity
€85,181
2023 · €58,333+€26,848
Cash
€19,682
2023 · €94+€19,588
Balance sheet total
€768,636
2023 · €786,688-€18,053
Largest movements
Assets
- Tangible fixed assets -€21,055
down €21,055 (-11.3%), from €186,245 to €165,190
of which Land and buildings: -€12,488
- Cash +€19,588
up €19,588 (+20,876%), from €94 to €19,682
mainly Trade debts (+€171,870) and Net result for the year (+€26,848)
- Deferred charges and accrued income -€19,124
down €19,124 (-77.2%), from €24,773 to €5,649
Equity and liabilities
- Trade debts +€171,870
up €171,870 (+135%), from €127,468 to €299,338
- Other debts -€137,408
down €137,408 (-62.0%), from €221,484 to €84,076
- Accrued charges and deferred income -€55,008
down €55,008 (-57.6%), from €95,511 to €40,504
- Tax, wage and social debts -€37,491
down €37,491 (-21.5%), from €174,731 to €137,240
of which Remuneration and social security: -€25,551
- Reserves +€26,848
up €26,848 (+67.6%), from €39,733 to €66,581
of which Distributable reserves: +€28,708
Income statement
- Gross operating margin -€110,519
down €110,519 (-13.3%), from €829,494 to €718,975
- Financial income +€23,223
up €23,223 (+508%), from €4,567 to €27,790
of which Non-recurring financial income: +€24,354
- Taxes -€17,386
down €17,386 (-46.5%), from €37,386 to €20,000
- Staff costs +€16,880
up €16,880 (+2.7%), from €628,618 to €645,497
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€91,063
Gross operating margin
-€110,519
Staff costs
-€16,880
Depreciation
+€1,083
Other operating charges
+€5,474
Other operating items
+€12,353
Financial income
+€23,223
Financial charges
+€3,666
Taxes
+€17,386
Result 2024
€26,848
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10,097
Investment
-€3,644
Financing
+€13,136
Cash 2023
€94
From operations (derived)
+€10,097
Net result for the year
+€26,848
Depreciation
+€24,409
Stocks and contracts
+€3,668
Receivables within one year
-€5,916
Deferred charges and accrued income
+€19,124
Trade debts
+€171,870
Tax, wage and social debts
-€37,491
Other debts
-€137,408
Accrued charges and deferred income
-€55,008
Investment (derived)
-€3,644
Investment in fixed assets (net)
-€3,644
Financing
+€13,136
Debts after one year
-€8,265
Current portion of long-term debt
-€2,257
Short-term financial debts
+€23,658
Cash 2024
€19,682
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €786,688 | €768,636 | -€18,053 | -2.3% |
| Fixed assets | 21/28 | €187,105 | €166,340 | -€20,765 | -11.1% |
| Tangible fixed assets | 22/27 | €186,245 | €165,190 | -€21,055 | -11.3% |
| Land and buildings | 22 | €151,453 | €138,965 | -€12,488 | -8.2% |
| Plant, machinery and equipment | 23 | €10,979 | €8,711 | -€2,268 | -20.7% |
| Furniture and vehicles | 24 | €21,444 | €17,439 | -€4,005 | -18.7% |
| Leasing and similar rights | 25 | €2,368 | €75 | -€2,293 | -96.8% |
| Financial fixed assets | 28 | €860 | €1,150 | +€290 | +33.7% |
| Current assets | 29/58 | €599,584 | €602,296 | +€2,712 | +0.5% |
| Stocks and contracts in progress | 3 | €38,008 | €34,340 | -€3,668 | -9.7% |
| Stocks | 30/36 | €38,008 | €34,340 | -€3,668 | -9.7% |
| Amounts receivable within one year | 40/41 | €536,708 | €542,624 | +€5,916 | +1.1% |
| Trade receivables | 40 | €348,370 | €462,281 | +€113,911 | +32.7% |
| Other amounts receivable | 41 | €188,339 | €80,344 | -€107,995 | -57.3% |
| Cash at bank and in hand | 54/58 | €94 | €19,682 | +€19,588 | +20,876% |
| Deferred charges and accrued income | 490/1 | €24,773 | €5,649 | -€19,124 | -77.2% |
| Total equity and liabilities | 10/49 | €786,688 | €768,636 | -€18,053 | -2.3% |
| Equity | 10/15 | €58,333 | €85,181 | +€26,848 | +46.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,733 | €66,581 | +€26,848 | +67.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €2,282 | €2,282 | = | 0.0% |
| Distributable reserves | 133 | €35,590 | €64,298 | +€28,708 | +80.7% |
| Amounts payable | 17/49 | €728,356 | €683,455 | -€44,901 | -6.2% |
| Amounts payable after more than one year | 17 | €94,001 | €85,736 | -€8,265 | -8.8% |
| Financial debts | 170/4 | €94,001 | €85,736 | -€8,265 | -8.8% |
| Amounts payable within one year | 42/48 | €538,844 | €557,215 | +€18,372 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €10,522 | €8,265 | -€2,257 | -21.5% |
| Financial debts | 43 | €4,638 | €28,296 | +€23,658 | +510% |
| Credit institutions | 430/8 | €4,638 | €28,296 | +€23,658 | +510% |
| Trade debts | 44 | €127,468 | €299,338 | +€171,870 | +135% |
| Suppliers | 440/4 | €127,468 | €299,338 | +€171,870 | +135% |
| Taxes, remuneration and social security | 45 | €174,731 | €137,240 | -€37,491 | -21.5% |
| Taxes | 450/3 | €73,499 | €61,559 | -€11,940 | -16.2% |
| Remuneration and social security | 454/9 | €101,232 | €75,681 | -€25,551 | -25.2% |
| Other amounts payable | 47/48 | €221,484 | €84,076 | -€137,408 | -62.0% |
| Accrued charges and deferred income | 492/3 | €95,511 | €40,504 | -€55,008 | -57.6% |
| Non-recurring operating income | 76A | €17,537 | - | -€17,537 | |
| Remuneration, social security and pensions | 62 | €628,618 | €645,497 | +€16,880 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,493 | €24,409 | -€1,083 | -4.2% |
| Other operating charges | 640/8 | €9,699 | €4,226 | -€5,474 | -56.4% |
| Non-recurring operating charges | 66A | €13,112 | €760 | -€12,353 | -94.2% |
| Gross operating margin | 9900 | €829,494 | €718,975 | -€110,519 | -13.3% |
| Operating profit (loss) | 9901 | €152,572 | €44,083 | -€108,489 | -71.1% |
| Financial income | 75/76B | €4,567 | €27,790 | +€23,223 | +508% |
| Recurring financial income | 75 | €4,567 | €3,436 | -€1,132 | -24.8% |
| Non-recurring financial income | 76B | - | €24,354 | +€24,354 | |
| Financial charges | 65/66B | €28,690 | €25,025 | -€3,666 | -12.8% |
| Recurring financial charges | 65 | €28,690 | €25,025 | -€3,666 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €128,449 | €46,848 | -€81,601 | -63.5% |
| Income taxes | 67/77 | €37,386 | €20,000 | -€17,386 | -46.5% |
| Profit (loss) for the period | 9904 | €91,063 | €26,848 | -€64,215 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,063 | €26,848 | -€64,215 | -70.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.