SECUVOLT: 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.
SECUVOLT
Largest movements
- Tangible fixed assets +€34,736
up €34,736 (+840%), from €4,134 to €38,870
- Cash +€10,897
up €10,897 (+47.9%), from €22,742 to €33,639
mainly Debts after one year (+€27,463) and Net result for the year (+€16,668)
- Receivables within one year +€7,179
up €7,179 (+94.0%), from €7,636 to €14,815
of which Trade receivables: +€5,523
- Debts after one year +€27,463
new in 2025: €27,463
- Profit (loss) carried forward +€16,668
up €16,668 (+86.1%), from €19,353 to €36,021
- Current portion of long-term debt +€7,257
new in 2025: €7,257
- Trade debts -€1,370
down €1,370 (-63.1%), from €2,172 to €802
- Tax, wage and social debts +€1,305
up €1,305 (+26.8%), from €4,862 to €6,167
- Depreciation +€4,220
up €4,220 (+634%), from €665 to €4,885
- Gross operating margin +€2,385
up €2,385 (+9.5%), from €25,019 to €27,404
- Financial charges +€1,078
up €1,078 (+1,674%), from €64 to €1,142
- Taxes -€695
down €695 (-14.3%), from €4,862 to €4,167
- Other operating charges +€468
up €468 (+631%), from €74 to €542
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 | €35,387 | €87,819 | +€52,432 | +148% |
| Fixed assets | 21/28 | €4,134 | €38,870 | +€34,736 | +840% |
| Tangible fixed assets | 22/27 | €4,134 | €38,870 | +€34,736 | +840% |
| Furniture and vehicles | 24 | €4,134 | €38,870 | +€34,736 | +840% |
| Current assets | 29/58 | €31,253 | €48,949 | +€17,696 | +56.6% |
| Amounts receivable within one year | 40/41 | €7,636 | €14,815 | +€7,179 | +94.0% |
| Trade receivables | 40 | €7,397 | €12,920 | +€5,523 | +74.7% |
| Other amounts receivable | 41 | €239 | €1,895 | +€1,656 | +692% |
| Cash at bank and in hand | 54/58 | €22,742 | €33,639 | +€10,897 | +47.9% |
| Deferred charges and accrued income | 490/1 | €875 | €495 | -€380 | -43.4% |
| Total equity and liabilities | 10/49 | €35,387 | €87,819 | +€52,432 | +148% |
| Equity | 10/15 | €22,353 | €39,021 | +€16,668 | +74.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,353 | €36,021 | +€16,668 | +86.1% |
| Amounts payable | 17/49 | €13,034 | €48,798 | +€35,764 | +274% |
| Amounts payable after more than one year | 17 | - | €27,463 | +€27,463 | |
| Financial debts | 170/4 | - | €27,463 | +€27,463 | |
| Amounts payable within one year | 42/48 | €13,034 | €20,226 | +€7,192 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,257 | +€7,257 | |
| Trade debts | 44 | €2,172 | €802 | -€1,370 | -63.1% |
| Suppliers | 440/4 | €2,172 | €802 | -€1,370 | -63.1% |
| Taxes, remuneration and social security | 45 | €4,862 | €6,167 | +€1,305 | +26.8% |
| Taxes | 450/3 | €4,862 | €6,167 | +€1,305 | +26.8% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,109 | +€1,109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665 | €4,885 | +€4,220 | +634% |
| Other operating charges | 640/8 | €74 | €542 | +€468 | +631% |
| Gross operating margin | 9900 | €25,019 | €27,404 | +€2,385 | +9.5% |
| Operating profit (loss) | 9901 | €24,280 | €21,977 | -€2,303 | -9.5% |
| Financial charges | 65/66B | €64 | €1,142 | +€1,078 | +1,674% |
| Recurring financial charges | 65 | €64 | €1,142 | +€1,078 | +1,674% |
| Profit (loss) for the period before taxes | 9903 | €24,216 | €20,835 | -€3,381 | -14.0% |
| Income taxes | 67/77 | €4,862 | €4,167 | -€695 | -14.3% |
| Profit (loss) for the period | 9904 | €19,353 | €16,668 | -€2,685 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,353 | €16,668 | -€2,685 | -13.9% |
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 17 October 2026 via checked.be.