SECURIGAZ: 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.
SECURIGAZ
Largest movements
- Current assets -€34,607
down €34,607 (-32.6%), from €106,313 to €71,706
of which Receivables within one year: -€21,120
- Tangible fixed assets -€5,650
down €5,650 (-51.7%), from €10,924 to €5,274
- Debts within one year -€38,666
down €38,666 (-64.0%), from €60,414 to €21,747
of which Trade debts: -€24,823
- Debts after one year -€7,426
no longer reported in 2021 (was €7,426)
- Profit (loss) carried forward +€5,835
up €5,835 (+13.6%), from €43,039 to €48,874
- Depreciation -€5,097
down €5,097 (-76.7%), from €6,649 to €1,552
- Gross operating margin -€1,430
down €1,430 (-7.9%), from €17,991 to €16,561
- Taxes -€1,197
down €1,197 (-22.8%), from €5,257 to €4,060
- Other operating charges +€1,096
new in 2021: €1,096
- Financial charges +€663
new in 2021: €663
From the 2018 result to the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,698 | €77,441 | -€40,257 | -34.2% |
| Fixed assets | 21/28 | €11,385 | €5,735 | -€5,650 | -49.6% |
| Tangible fixed assets | 22/27 | €10,924 | €5,274 | -€5,650 | -51.7% |
| Plant, machinery and equipment | 23 | - | €1,305 | +€1,305 | |
| Furniture and vehicles | 24 | - | €3,969 | +€3,969 | |
| Financial fixed assets | 28 | €461 | €461 | = | 0.0% |
| Current assets | 29/58 | €106,313 | €71,706 | -€34,607 | -32.6% |
| Stocks and contracts in progress | 3 | €3,425 | €1,750 | -€1,675 | -48.9% |
| Stocks | 30/36 | - | €1,750 | +€1,750 | |
| Amounts receivable within one year | 40/41 | €82,617 | €61,496 | -€21,120 | -25.6% |
| Trade receivables | 40 | - | €56,072 | +€56,072 | |
| Other amounts receivable | 41 | - | €5,425 | +€5,425 | |
| Cash at bank and in hand | 54/58 | €19,660 | €6,627 | -€13,033 | -66.3% |
| Deferred charges and accrued income | 490/1 | - | €1,833 | +€1,833 | |
| Total equity and liabilities | 10/49 | €117,698 | €77,441 | -€40,257 | -34.2% |
| Equity | 10/15 | €49,859 | €55,694 | +€5,835 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €620 | +€620 | |
| Reserves not available under the articles | 1311 | - | €620 | +€620 | |
| Profit (loss) carried forward | 14 | €43,039 | €48,874 | +€5,835 | +13.6% |
| Amounts payable | 17/49 | €67,840 | €21,747 | -€46,092 | -67.9% |
| Amounts payable after more than one year | 17 | €7,426 | - | -€7,426 | |
| Amounts payable within one year | 42/48 | €60,414 | €21,747 | -€38,666 | -64.0% |
| Trade debts | 44 | €40,385 | €15,563 | -€24,823 | -61.5% |
| Suppliers | 440/4 | - | €15,563 | +€15,563 | |
| Taxes, remuneration and social security | 45 | - | €6,185 | +€6,185 | |
| Taxes | 450/3 | - | €6,185 | +€6,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,649 | €1,552 | -€5,097 | -76.7% |
| Other operating charges | 640/8 | - | €1,096 | +€1,096 | |
| Gross operating margin | 9900 | €17,991 | €16,561 | -€1,430 | -7.9% |
| Operating profit (loss) | 9901 | €9,691 | €13,913 | +€4,222 | +43.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | €281 | €1 | -€280 | -99.5% |
| Financial charges | 65/66B | - | €663 | +€663 | |
| Recurring financial charges | 65 | €469 | €663 | +€193 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €9,503 | €13,252 | +€3,749 | +39.4% |
| Income taxes | 67/77 | €5,257 | €4,060 | -€1,197 | -22.8% |
| Profit (loss) for the period | 9904 | €4,246 | €9,192 | +€4,946 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €4,246 | €9,192 | +€4,946 | +116% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.