SEKAM: 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.
SEKAM
Largest movements
- Cash +€14,141
up €14,141 (+312%), from €4,535 to €18,675
mainly Net result for the year (+€25,307) and Provisions (+€7,508)
- Deferred charges and accrued income +€2,308
new in 2025: €2,308
- Receivables within one year -€2,252
no longer reported in 2025 (was €2,252)
- Tangible fixed assets +€1,678
up €1,678 (+107%), from €1,565 to €3,243
- Profit (loss) carried forward +€14,330
no longer reported in 2025 (was -€14,330)
- Reserves +€10,977
new in 2025: €10,977
- Trade debts -€9,445
no longer reported in 2025 (was €9,445)
- Provisions +€7,508
new in 2025: €7,508
- Other debts -€4,807
down €4,807 (-45.4%), from €10,598 to €5,791
- Gross operating margin +€25,868
up €25,868 (+447%), from €5,789 to €31,657
- Taxes +€3,650
up €3,650 (+252%), from €1,450 to €5,100
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 | €8,402 | €24,276 | +€15,874 | +189% |
| Fixed assets | 21/28 | €1,615 | €3,293 | +€1,678 | +104% |
| Tangible fixed assets | 22/27 | €1,565 | €3,243 | +€1,678 | +107% |
| Plant, machinery and equipment | 23 | €1,565 | €3,243 | +€1,678 | +107% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,787 | €20,983 | +€14,196 | +209% |
| Amounts receivable within one year | 40/41 | €2,252 | - | -€2,252 | |
| Other amounts receivable | 41 | €2,252 | - | -€2,252 | |
| Cash at bank and in hand | 54/58 | €4,535 | €18,675 | +€14,141 | +312% |
| Deferred charges and accrued income | 490/1 | - | €2,308 | +€2,308 | |
| Total equity and liabilities | 10/49 | €8,402 | €24,276 | +€15,874 | +189% |
| Equity | 10/15 | -€14,330 | €10,977 | +€25,307 | |
| Reserves | 13 | - | €10,977 | +€10,977 | |
| Non-distributable reserves | 130/1 | - | €10,977 | +€10,977 | |
| Other | 1319 | - | €10,977 | +€10,977 | |
| Profit (loss) carried forward | 14 | -€14,330 | - | +€14,330 | |
| Provisions and deferred taxes | 16 | - | €7,508 | +€7,508 | |
| Provisions for liabilities and charges | 160/5 | - | €7,508 | +€7,508 | |
| Taxes | 161 | - | €7,508 | +€7,508 | |
| Amounts payable | 17/49 | €22,732 | €5,791 | -€16,941 | -74.5% |
| Amounts payable within one year | 42/48 | €22,732 | €5,791 | -€16,941 | -74.5% |
| Trade debts | 44 | €9,445 | - | -€9,445 | |
| Suppliers | 440/4 | €9,445 | - | -€9,445 | |
| Taxes, remuneration and social security | 45 | €2,689 | - | -€2,689 | |
| Taxes | 450/3 | €2,689 | - | -€2,689 | |
| Other amounts payable | 47/48 | €10,598 | €5,791 | -€4,807 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €604 | +€213 | +54.5% |
| Other operating charges | 640/8 | €721 | €640 | -€81 | -11.3% |
| Gross operating margin | 9900 | €5,789 | €31,657 | +€25,868 | +447% |
| Operating profit (loss) | 9901 | €4,677 | €30,413 | +€25,736 | +550% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12 | €6 | -€6 | -47.3% |
| Recurring financial charges | 65 | €12 | €6 | -€6 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €4,665 | €30,407 | +€25,742 | +552% |
| Income taxes | 67/77 | €1,450 | €5,100 | +€3,650 | +252% |
| Profit (loss) for the period | 9904 | €3,215 | €25,307 | +€22,092 | +687% |
| Profit (loss) for the period to be appropriated | 9905 | €3,215 | €25,307 | +€22,092 | +687% |
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.