SECUNDA CASA: 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.
SECUNDA CASA
Largest movements
- Cash +€42,246
up €42,246 (+2,357%), from €1,792 to €44,038
mainly Net result for the year (+€101,418) and Trade debts (+€23,809)
- Receivables within one year +€27,063
up €27,063 (+41.7%), from €64,930 to €91,993
of which Trade receivables: +€17,063
- Stocks and contracts +€9,224
new in 2025: €9,224
- Tangible fixed assets +€5,975
up €5,975 (+98.0%), from €6,098 to €12,073
of which Furniture and vehicles: +€5,847
- Profit (loss) carried forward +€101,418
up €101,418 (+31.0%), from -€326,956 to -€225,538
- Current portion of long-term debt -€40,075
down €40,075 (-18.5%), from €216,761 to €176,686
- Trade debts +€23,809
up €23,809 (+63.0%), from €37,775 to €61,584
- Gross operating margin +€155,349
up €155,349 (+38.2%), from €406,876 to €562,225
- Staff costs +€80,309
up €80,309 (+21.5%), from €372,910 to €453,219
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,820 | €157,329 | +€84,508 | +116% |
| Fixed assets | 21/28 | €6,098 | €12,073 | +€5,975 | +98.0% |
| Tangible fixed assets | 22/27 | €6,098 | €12,073 | +€5,975 | +98.0% |
| Plant, machinery and equipment | 23 | €4,501 | €4,628 | +€128 | +2.8% |
| Furniture and vehicles | 24 | €1,597 | €7,445 | +€5,847 | +366% |
| Current assets | 29/58 | €66,722 | €145,256 | +€78,533 | +118% |
| Stocks and contracts in progress | 3 | - | €9,224 | +€9,224 | |
| Stocks | 30/36 | - | €9,224 | +€9,224 | |
| Amounts receivable within one year | 40/41 | €64,930 | €91,993 | +€27,063 | +41.7% |
| Trade receivables | 40 | €9,951 | €27,014 | +€17,063 | +171% |
| Other amounts receivable | 41 | €54,979 | €64,979 | +€10,000 | +18.2% |
| Cash at bank and in hand | 54/58 | €1,792 | €44,038 | +€42,246 | +2,357% |
| Total equity and liabilities | 10/49 | €72,820 | €157,329 | +€84,508 | +116% |
| Equity | 10/15 | -€206,496 | -€105,078 | +€101,418 | +49.1% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€326,956 | -€225,538 | +€101,418 | +31.0% |
| Amounts payable | 17/49 | €279,316 | €262,407 | -€16,910 | -6.1% |
| Amounts payable within one year | 42/48 | €279,316 | €262,407 | -€16,910 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €216,761 | €176,686 | -€40,075 | -18.5% |
| Trade debts | 44 | €37,775 | €61,584 | +€23,809 | +63.0% |
| Suppliers | 440/4 | €37,775 | €61,584 | +€23,809 | +63.0% |
| Taxes, remuneration and social security | 45 | €24,780 | €24,136 | -€644 | -2.6% |
| Taxes | 450/3 | €331 | €2,038 | +€1,707 | +516% |
| Remuneration and social security | 454/9 | €24,449 | €22,098 | -€2,351 | -9.6% |
| Remuneration, social security and pensions | 62 | €372,910 | €453,219 | +€80,309 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,647 | €2,695 | -€952 | -26.1% |
| Other operating charges | 640/8 | €1,909 | €443 | -€1,466 | -76.8% |
| Gross operating margin | 9900 | €406,876 | €562,225 | +€155,349 | +38.2% |
| Operating profit (loss) | 9901 | €28,410 | €105,868 | +€77,458 | +273% |
| Financial income | 75/76B | - | €279 | +€279 | |
| Recurring financial income | 75 | - | €279 | +€279 | |
| Financial charges | 65/66B | €2,104 | €4,729 | +€2,625 | +125% |
| Recurring financial charges | 65 | €2,104 | €4,729 | +€2,625 | +125% |
| Profit (loss) for the period before taxes | 9903 | €26,307 | €101,418 | +€75,111 | +286% |
| Profit (loss) for the period | 9904 | €26,307 | €101,418 | +€75,111 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €26,307 | €101,418 | +€75,111 | +286% |
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.