SECUTEC: 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.
What changed
SECUTEC
NACE 95.100, Repair and maintenance of computers and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5.0m
2024 · €3.1m-€8.1m
Equity
€1.5m
2024 · €9.0m-€7.5m
Cash
€2.1m
2024 · €120,293+€1.9m
Balance sheet total
€26.3m
2024 · €14.5m+€11.8m
Largest movements
Assets
- Receivables within one year +€5.8m
up €5.8m (+60.4%), from €9.6m to €15.4m
of which Other amounts receivable: +€4.3m
- Deferred charges and accrued income +€4.8m
up €4.8m (+284.4%), from €1.7m to €6.6m
- Current investments -€2.5m
down €2.5m (-86.5%), from €2.8m to €383,444
- Cash +€1.9m
up €1.9m (+1617.2%), from €120,293 to €2.1m
mainly Accrued charges and deferred income (+€17.8m) and Other debts (+€2.5m)
- Intangible fixed assets +€1.6m
new in 2025: €1.6m
Equity and liabilities
- Accrued charges and deferred income +€17.8m
up €17.8m (+1564.4%), from €1.1m to €18.9m
- Profit (loss) carried forward -€7.5m
down €7.5m (-87.4%), from €8.6m to €1.1m
- Other debts +€2.5m
up €2.5m (+130557.5%), from €1,913 to €2.5m
- Tax, wage and social debts -€873,067
down €873,067 (-65.5%), from €1.3m to €459,283
of which Taxes: -€837,430
- Trade debts -€725,124
down €725,124 (-24.3%), from €3.0m to €2.3m
Income statement
- Turnover -€7.2m
down €7.2m (-38.1%), from €18.9m to €11.7m
- Goods and materials +€893,531
up €893,531 (+15.4%), from €5.8m to €6.7m
- Services and other goods +€794,548
up €794,548 (+13.7%), from €5.8m to €6.6m
- Taxes -€559,839
down €559,839 (-99.1%), from €564,851 to €5,012
- Staff costs +€371,236
up €371,236 (+10.6%), from €3.5m to €3.9m
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
€3.1m
Turnover
-€7.2m
Other operating income
+€841
Goods and materials
-€893,531
Services and other goods
-€794,548
Staff costs
-€371,236
Depreciation
-€118,904
Other operating charges
-€5,750
Other operating items
+€757,977
Financial income
+€137,817
Financial charges
-€204,515
Taxes
+€559,839
Result 2025
-€5.0m
Cash bridge derived
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
+€3.3m
Investment
+€570,673
Financing
-€1.9m
Cash 2024
€120,293
From operations (derived)
+€3.3m
Net result for the year
-€5.0m
Depreciation
+€261,165
Receivables within one year
-€5.8m
Deferred charges and accrued income
-€4.8m
Trade debts
-€725,124
Tax, wage and social debts
-€873,067
Other debts
+€2.5m
Accrued charges and deferred income
+€17.8m
Investment (derived)
+€570,673
Investment in fixed assets (net)
-€1.9m
Current investments
+€2.5m
Financing
-€1.9m
Debts after one year
+€650,000
Current portion of long-term debt
-€50,650
Contributions, distributions and other
-€2.5m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,483,461 | €26,266,583 | +€11.8m | +81.4% |
| Fixed assets | 21/28 | €182,380 | €1,813,188 | +€1.6m | +894.2% |
| Intangible fixed assets | 21 | - | €1,590,722 | +€1.6m | |
| Tangible fixed assets | 22/27 | €176,357 | €216,413 | +€40,055 | +22.7% |
| Plant, machinery and equipment | 23 | €352 | €0 | -€352 | -100.0% |
| Furniture and vehicles | 24 | €129,905 | €183,529 | +€53,624 | +41.3% |
| Other tangible fixed assets | 26 | €46,100 | €32,884 | -€13,216 | -28.7% |
| Financial fixed assets | 28 | €6,022 | €6,054 | +€31 | +0.5% |
| Affiliated companies | 280/1 | - | €31 | +€31 | |
| Participating interests | 280 | - | €31 | +€31 | |
| Other financial fixed assets | 284/8 | €6,022 | €6,022 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,022 | €6,022 | = | 0.0% |
| Current assets | 29/58 | €14,301,081 | €24,453,395 | +€10.2m | +71.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,629,743 | €15,449,673 | +€5.8m | +60.4% |
| Trade receivables | 40 | €9,046,443 | €10,556,254 | +€1.5m | +16.7% |
| Other amounts receivable | 41 | €583,300 | €4,893,418 | +€4.3m | +738.9% |
| Current investments | 50/53 | €2,846,091 | €383,444 | -€2.5m | -86.5% |
| Other investments | 51/53 | €2,846,091 | €383,444 | -€2.5m | -86.5% |
| Cash at bank and in hand | 54/58 | €120,293 | €2,065,620 | +€1.9m | +1617.2% |
| Deferred charges and accrued income | 490/1 | €1,704,953 | €6,554,658 | +€4.8m | +284.4% |
| Total equity and liabilities | 10/49 | €14,483,461 | €26,266,583 | +€11.8m | +81.4% |
| Equity | 10/15 | €8,976,024 | €1,455,981 | -€7.5m | -83.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €312,000 | €312,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €312,000 | €312,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,604,024 | €1,083,981 | -€7.5m | -87.4% |
| Amounts payable | 17/49 | €5,507,437 | €24,810,602 | +€19.3m | +350.5% |
| Amounts payable after more than one year | 17 | €0 | €650,000 | +€650,000 | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Trade debts | 175 | - | €650,000 | +€650,000 | |
| Suppliers | 1750 | - | €650,000 | +€650,000 | |
| Amounts payable within one year | 42/48 | €4,369,343 | €5,218,589 | +€849,246 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €50,650 | €0 | -€50,650 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,984,430 | €2,259,306 | -€725,124 | -24.3% |
| Suppliers | 440/4 | €2,984,430 | €2,259,306 | -€725,124 | -24.3% |
| Taxes, remuneration and social security | 45 | €1,332,349 | €459,283 | -€873,067 | -65.5% |
| Taxes | 450/3 | €995,254 | €157,824 | -€837,430 | -84.1% |
| Remuneration and social security | 454/9 | €337,096 | €301,458 | -€35,637 | -10.6% |
| Other amounts payable | 47/48 | €1,913 | €2,500,000 | +€2.5m | +130557.5% |
| Accrued charges and deferred income | 492/3 | €1,138,094 | €18,942,013 | +€17.8m | +1564.4% |
| Operating income | 70/76A | €18,932,611 | €12,514,625 | -€6.4m | -33.9% |
| Turnover | 70 | €18,850,973 | €11,674,169 | -€7.2m | -38.1% |
| Own construction capitalised | 72 | - | €757,977 | +€757,977 | |
| Other operating income | 74 | €81,639 | €82,479 | +€841 | +1.0% |
| Operating charges | 60/66A | €15,246,452 | €17,430,421 | +€2.2m | +14.3% |
| Goods for resale, raw materials and consumables | 60 | €5,793,878 | €6,687,408 | +€893,531 | +15.4% |
| Purchases | 600/8 | €5,793,878 | €6,687,408 | +€893,531 | +15.4% |
| Services and other goods | 61 | €5,803,170 | €6,597,718 | +€794,548 | +13.7% |
| Remuneration, social security and pensions | 62 | €3,505,505 | €3,876,741 | +€371,236 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,261 | €261,165 | +€118,904 | +83.6% |
| Other operating charges | 640/8 | €1,638 | €7,389 | +€5,750 | +351.0% |
| Operating profit (loss) | 9901 | €3,686,159 | -€4,915,796 | -€8.6m | |
| Financial income | 75/76B | €35,193 | €173,010 | +€137,817 | +391.6% |
| Recurring financial income | 75 | €35,193 | €173,010 | +€137,817 | +391.6% |
| Income from current assets | 751 | €28,247 | €22,669 | -€5,578 | -19.7% |
| Other financial income | 752/9 | €6,947 | €150,342 | +€143,395 | +2064.2% |
| Financial charges | 65/66B | €67,730 | €272,245 | +€204,515 | +302.0% |
| Recurring financial charges | 65 | €67,730 | €272,245 | +€204,515 | +302.0% |
| Debt charges | 650 | €28,474 | €37,253 | +€8,779 | +30.8% |
| Other financial charges | 652/9 | €39,256 | €234,992 | +€195,737 | +498.6% |
| Profit (loss) for the period before taxes | 9903 | €3,653,623 | -€5,015,031 | -€8.7m | |
| Income taxes | 67/77 | €564,851 | €5,012 | -€559,839 | -99.1% |
| Taxes | 670/3 | €564,851 | €5,012 | -€559,839 | -99.1% |
| Profit (loss) for the period | 9904 | €3,088,772 | -€5,020,043 | -€8.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,088,772 | -€5,020,043 | -€8.1m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.