Secwise: 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.
What changed
Secwise
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€566,941
2024 · €174,413+€392,528
Equity
€1.7m
2024 · €1.1m+€566,941
Cash
€10,863
2024 · €25,272-€14,409
Balance sheet total
€3.2m
2024 · €2.3m+€919,473
Largest movements
Assets
- Receivables within one year +€938,983
up €938,983 (+44.2%), from €2.1m to €3.1m
of which Other amounts receivable: +€1.2m
Equity and liabilities
- Reserves +€567,500
up €567,500 (+54.6%), from €1.0m to €1.6m
of which Distributable reserves: +€357,000
- Trade debts +€308,258
up €308,258 (+40.3%), from €765,283 to €1.1m
- Other debts +€35,000
up €35,000 (+233%), from €15,000 to €50,000
Income statement
- Turnover +€1.1m
up €1.1m (+17.2%), from €6.6m to €7.7m
- Purchases and services +€628,626
up €628,626 (+11.9%), from €5.3m to €5.9m
- Gross operating margin +€428,896
up €428,896 (+30.6%), from €1.4m to €1.8m
- Taxes +€150,967
up €150,967 (+268%), from €56,253 to €207,220
- Staff costs -€126,645
down €126,645 (-11.2%), from €1.1m to €1.0m
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
€174,413
Gross operating margin
+€428,896
Staff costs
+€126,645
Depreciation
-€2,121
Write-downs
-€267
Other operating charges
-€5,008
Other operating items
-€463
Financial income
-€4,917
Financial charges
+€732
Taxes
-€150,967
Result 2025
€566,941
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€12,064
Investment
-€26,472
Financing
€0
Cash 2024
€25,272
From operations (derived)
+€12,064
Net result for the year
+€566,941
Depreciation
+€24,375
Receivables within one year
-€938,983
Deferred charges and accrued income
+€7,200
Smaller working-capital items
-€1,371
Trade debts
+€308,258
Tax, wage and social debts
+€13,115
Other debts
+€35,000
Accrued charges and deferred income
-€2,470
Investment (derived)
-€26,472
Investment in fixed assets (net)
-€26,472
Cash 2025
€10,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,255,271 | €3,174,744 | +€919,473 | +40.8% |
| Fixed assets | 21/28 | €53,973 | €56,071 | +€2,098 | +3.9% |
| Tangible fixed assets | 22/27 | €50,473 | €52,571 | +€2,098 | +4.2% |
| Plant, machinery and equipment | 23 | €30,142 | €37,223 | +€7,081 | +23.5% |
| Furniture and vehicles | 24 | €19,063 | €13,853 | -€5,210 | -27.3% |
| Other tangible fixed assets | 26 | €1,267 | €1,494 | +€227 | +17.9% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €2,201,298 | €3,118,673 | +€917,375 | +41.7% |
| Amounts receivable within one year | 40/41 | €2,125,358 | €3,064,341 | +€938,983 | +44.2% |
| Trade receivables | 40 | €1,657,232 | €1,444,325 | -€212,907 | -12.8% |
| Other amounts receivable | 41 | €468,126 | €1,620,016 | +€1.2m | +246% |
| Cash at bank and in hand | 54/58 | €25,272 | €10,863 | -€14,409 | -57.0% |
| Deferred charges and accrued income | 490/1 | €50,669 | €43,469 | -€7,200 | -14.2% |
| Total equity and liabilities | 10/49 | €2,255,271 | €3,174,744 | +€919,473 | +40.8% |
| Equity | 10/15 | €1,102,043 | €1,668,984 | +€566,941 | +51.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,039,450 | €1,606,950 | +€567,500 | +54.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €315,750 | +€210,500 | +200% |
| Distributable reserves | 133 | €928,000 | €1,285,000 | +€357,000 | +38.5% |
| Profit (loss) carried forward | 14 | €593 | €34 | -€559 | -94.3% |
| Provisions and deferred taxes | 16 | - | €267 | +€267 | |
| Provisions for liabilities and charges | 160/5 | - | €267 | +€267 | |
| Pensions and similar obligations | 160 | - | €267 | +€267 | |
| Amounts payable | 17/49 | €1,153,229 | €1,505,493 | +€352,264 | +30.5% |
| Amounts payable within one year | 42/48 | €1,019,495 | €1,374,230 | +€354,735 | +34.8% |
| Trade debts | 44 | €765,283 | €1,073,541 | +€308,258 | +40.3% |
| Suppliers | 440/4 | €765,283 | €1,073,541 | +€308,258 | +40.3% |
| Advances received on contracts in progress | 46 | €1,638 | - | -€1,638 | |
| Taxes, remuneration and social security | 45 | €237,574 | €250,689 | +€13,115 | +5.5% |
| Taxes | 450/3 | €108,492 | €130,837 | +€22,345 | +20.6% |
| Remuneration and social security | 454/9 | €129,082 | €119,851 | -€9,231 | -7.2% |
| Other amounts payable | 47/48 | €15,000 | €50,000 | +€35,000 | +233% |
| Accrued charges and deferred income | 492/3 | €133,734 | €131,263 | -€2,470 | -1.8% |
| Turnover | 70 | €6,564,769 | €7,697,097 | +€1.1m | +17.2% |
| Non-recurring operating income | 76A | €46,202 | - | -€46,202 | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,273,147 | €5,901,772 | +€628,626 | +11.9% |
| Remuneration, social security and pensions | 62 | €1,132,293 | €1,005,648 | -€126,645 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,254 | €24,375 | +€2,121 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €267 | +€267 | |
| Other operating charges | 640/8 | €6,847 | €11,855 | +€5,008 | +73.1% |
| Non-recurring operating charges | 66A | - | €463 | +€463 | |
| Gross operating margin | 9900 | €1,402,015 | €1,830,911 | +€428,896 | +30.6% |
| Operating profit (loss) | 9901 | €240,621 | €788,302 | +€547,681 | +228% |
| Financial income | 75/76B | €13,180 | €8,263 | -€4,917 | -37.3% |
| Recurring financial income | 75 | €13,180 | €8,263 | -€4,917 | -37.3% |
| Financial charges | 65/66B | €23,135 | €22,404 | -€732 | -3.2% |
| Recurring financial charges | 65 | €23,135 | €22,404 | -€732 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €230,666 | €774,161 | +€543,495 | +236% |
| Income taxes | 67/77 | €56,253 | €207,220 | +€150,967 | +268% |
| Profit (loss) for the period | 9904 | €174,413 | €566,941 | +€392,528 | +225% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €210,500 | +€147,350 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €111,263 | €356,441 | +€245,178 | +220% |
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 13 October 2026 via checked.be.