SEKACON: 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.
SEKACON
Largest movements
- Tangible fixed assets +€173,615
up €173,615 (+501.7%), from €34,602 to €208,217
of which Other tangible fixed assets: +€168,823
- Receivables within one year +€44,844
up €44,844 (+84.1%), from €53,307 to €98,151
of which Other amounts receivable: +€36,284
- Cash -€19,954
down €19,954 (-78.0%), from €25,567 to €5,613
mainly Investment in fixed assets (net) (-€177,881) and Receivables within one year (-€44,844)
- Debts after one year +€153,980
new in 2025: €153,980
- Tax, wage and social debts +€35,929
up €35,929 (+1248.8%), from €2,877 to €38,806
- Reserves -€17,800
down €17,800 (-16.6%), from €107,360 to €89,560
- Current portion of long-term debt +€11,835
new in 2025: €11,835
- Trade debts +€7,415
up €7,415 (+313.7%), from €2,364 to €9,779
- Gross operating margin -€33,606
down €33,606 (-57.9%), from €58,003 to €24,397
- Taxes -€14,188
down €14,188 (-81.5%), from €17,415 to €3,227
- Depreciation +€3,541
up €3,541 (+488.2%), from €725 to €4,266
- Financial charges +€2,626
up €2,626 (+171.6%), from €1,530 to €4,156
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 | €114,712 | €314,636 | +€199,924 | +174.3% |
| Fixed assets | 21/28 | €34,602 | €208,217 | +€173,615 | +501.7% |
| Tangible fixed assets | 22/27 | €34,602 | €208,217 | +€173,615 | +501.7% |
| Plant, machinery and equipment | 23 | - | €4,792 | +€4,792 | |
| Other tangible fixed assets | 26 | €34,602 | €203,425 | +€168,823 | +487.9% |
| Current assets | 29/58 | €80,110 | €106,419 | +€26,309 | +32.8% |
| Amounts receivable within one year | 40/41 | €53,307 | €98,151 | +€44,844 | +84.1% |
| Trade receivables | 40 | €16,644 | €25,203 | +€8,560 | +51.4% |
| Other amounts receivable | 41 | €36,663 | €72,948 | +€36,284 | +99.0% |
| Cash at bank and in hand | 54/58 | €25,567 | €5,613 | -€19,954 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,236 | €2,655 | +€1,419 | +114.8% |
| Total equity and liabilities | 10/49 | €114,712 | €314,636 | +€199,924 | +174.3% |
| Equity | 10/15 | €85,054 | €67,273 | -€17,781 | -20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,360 | €89,560 | -€17,800 | -16.6% |
| Distributable reserves | 133 | €107,360 | €89,560 | -€17,800 | -16.6% |
| Profit (loss) carried forward | 14 | -€28,506 | -€28,487 | +€19 | +0.1% |
| Amounts payable | 17/49 | €29,658 | €247,363 | +€217,705 | +734.0% |
| Amounts payable after more than one year | 17 | - | €153,980 | +€153,980 | |
| Financial debts | 170/4 | - | €153,980 | +€153,980 | |
| Amounts payable within one year | 42/48 | €29,658 | €92,849 | +€63,191 | +213.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,835 | +€11,835 | |
| Financial debts | 43 | €117 | €2,429 | +€2,312 | +1977.5% |
| Credit institutions | 430/8 | €117 | €2,429 | +€2,312 | +1977.5% |
| Trade debts | 44 | €2,364 | €9,779 | +€7,415 | +313.7% |
| Suppliers | 440/4 | €2,364 | €9,779 | +€7,415 | +313.7% |
| Taxes, remuneration and social security | 45 | €2,877 | €38,806 | +€35,929 | +1248.8% |
| Taxes | 450/3 | €2,877 | €38,806 | +€35,929 | +1248.8% |
| Other amounts payable | 47/48 | €24,300 | €30,000 | +€5,700 | +23.5% |
| Accrued charges and deferred income | 492/3 | - | €534 | +€534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €4,266 | +€3,541 | +488.2% |
| Other operating charges | 640/8 | €898 | €528 | -€370 | -41.2% |
| Gross operating margin | 9900 | €58,003 | €24,397 | -€33,606 | -57.9% |
| Operating profit (loss) | 9901 | €56,379 | €19,602 | -€36,777 | -65.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,530 | €4,156 | +€2,626 | +171.6% |
| Recurring financial charges | 65 | €1,530 | €4,156 | +€2,626 | +171.6% |
| Profit (loss) for the period before taxes | 9903 | €54,849 | €15,446 | -€39,403 | -71.8% |
| Income taxes | 67/77 | €17,415 | €3,227 | -€14,188 | -81.5% |
| Profit (loss) for the period | 9904 | €37,434 | €12,219 | -€25,215 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,434 | €12,219 | -€25,215 | -67.4% |
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 9 October 2026 via checked.be.