SECUTECH: 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.
SECUTECH
Largest movements
- Cash -€10,297
down €10,297 (-75.3%), from €13,671 to €3,374
mainly Other debts (-€7,704) and Current portion of long-term debt (-€6,508)
- Receivables within one year +€6,083
up €6,083 (+26.0%), from €23,360 to €29,443
of which Other amounts receivable: +€3,738
- Tangible fixed assets +€2,536
up €2,536 (+2078.7%), from €122 to €2,658
- Deferred charges and accrued income -€405
down €405 (-26.5%), from €1,527 to €1,122
- Tax, wage and social debts +€9,621
up €9,621 (+143.9%), from €6,684 to €16,305
- Other debts -€7,704
no longer reported in 2025 (was €7,704)
- Current portion of long-term debt -€6,508
no longer reported in 2025 (was €6,508)
- Profit (loss) carried forward +€3,804
up €3,804 (+40.7%), from -€9,345 to -€5,541
- Short-term financial debts -€1,232
down €1,232 (-39.2%), from €3,144 to €1,912
- Gross operating margin -€7,922
down €7,922 (-44.5%), from €17,820 to €9,898
- Financial charges -€3,036
down €3,036 (-63.5%), from €4,780 to €1,744
- Taxes +€2,285
up €2,285 (+453.4%), from €504 to €2,789
- Other operating charges -€842
down €842 (-38.8%), from €2,172 to €1,330
- Depreciation +€202
up €202 (+91.4%), from €221 to €423
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,680 | €36,597 | -€2,083 | -5.4% |
| Fixed assets | 21/28 | €122 | €2,658 | +€2,536 | +2078.7% |
| Tangible fixed assets | 22/27 | €122 | €2,658 | +€2,536 | +2078.7% |
| Other tangible fixed assets | 26 | €122 | €2,658 | +€2,536 | +2078.7% |
| Current assets | 29/58 | €38,558 | €33,939 | -€4,619 | -12.0% |
| Amounts receivable within one year | 40/41 | €23,360 | €29,443 | +€6,083 | +26.0% |
| Trade receivables | 40 | €14,064 | €16,409 | +€2,345 | +16.7% |
| Other amounts receivable | 41 | €9,296 | €13,034 | +€3,738 | +40.2% |
| Cash at bank and in hand | 54/58 | €13,671 | €3,374 | -€10,297 | -75.3% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,122 | -€405 | -26.5% |
| Total equity and liabilities | 10/49 | €38,680 | €36,597 | -€2,083 | -5.4% |
| Equity | 10/15 | €8,655 | €12,459 | +€3,804 | +44.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,345 | -€5,541 | +€3,804 | +40.7% |
| Amounts payable | 17/49 | €30,025 | €24,138 | -€5,887 | -19.6% |
| Amounts payable within one year | 42/48 | €30,025 | €24,138 | -€5,887 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €6,508 | - | -€6,508 | |
| Financial debts | 43 | €3,144 | €1,912 | -€1,232 | -39.2% |
| Credit institutions | 430/8 | €3,144 | €1,912 | -€1,232 | -39.2% |
| Trade debts | 44 | €5,985 | €5,921 | -€64 | -1.1% |
| Suppliers | 440/4 | €5,985 | €5,921 | -€64 | -1.1% |
| Taxes, remuneration and social security | 45 | €6,684 | €16,305 | +€9,621 | +143.9% |
| Taxes | 450/3 | €6,684 | €16,305 | +€9,621 | +143.9% |
| Other amounts payable | 47/48 | €7,704 | - | -€7,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221 | €423 | +€202 | +91.4% |
| Other operating charges | 640/8 | €2,172 | €1,330 | -€842 | -38.8% |
| Gross operating margin | 9900 | €17,820 | €9,898 | -€7,922 | -44.5% |
| Operating profit (loss) | 9901 | €15,427 | €8,145 | -€7,282 | -47.2% |
| Financial income | 75/76B | €5 | €192 | +€187 | +3740.0% |
| Recurring financial income | 75 | €5 | €192 | +€187 | +3740.0% |
| Financial charges | 65/66B | €4,780 | €1,744 | -€3,036 | -63.5% |
| Recurring financial charges | 65 | €4,780 | €1,744 | -€3,036 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €10,652 | €6,593 | -€4,059 | -38.1% |
| Income taxes | 67/77 | €504 | €2,789 | +€2,285 | +453.4% |
| Profit (loss) for the period | 9904 | €10,148 | €3,804 | -€6,344 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,148 | €3,804 | -€6,344 | -62.5% |
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 10 October 2026 via checked.be.