Sekofer: what changed
Two fiscal 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
Sekofer
NACE 82.100, Office administrative and support services
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2023 · €1.4m+€453,256
Equity
€5.5m
2023 · €3.6m+€1.8m
Cash
€1.9m
2023 · €48,203+€1.9m
Balance sheet total
€12.3m
2023 · €11.2m+€1.1m
Largest movements
Assets
- Cash +€1.9m
up €1.9m (+3848.0%), from €48,203 to €1.9m
mainly Net result for the year (+€1.8m) and Current investments (+€772,000)
- Current investments -€772,000
no longer reported in 2024 (was €772,000)
Equity and liabilities
- Reserves +€1.8m
up €1.8m (+61.1%), from €3.0m to €4.9m
- Debts after one year -€738,306
down €738,306 (-10.8%), from €6.9m to €6.1m
Income statement
- Financial income +€476,400
up €476,400 (+34.9%), from €1.4m to €1.8m
- Financial charges +€39,654
up €39,654 (+140.4%), from €28,239 to €67,893
- Turnover +€15,000
up €15,000 (+12.5%), from €120,000 to €135,000
- Taxes -€3,725
down €3,725 (-34.6%), from €10,766 to €7,042
- Staff costs +€2,016
new in 2024: €2,016
From the 2023 result to the 2024 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 2023
€1.4m
Turnover
+€15,000
Other operating income
+€37
Services and other goods
-€146
Staff costs
-€2,016
Depreciation
-€84
Other operating charges
-€7
Financial income
+€476,400
Financial charges
-€39,654
Taxes
+€3,725
Result 2024
€1.8m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.8m
Investment
+€763,480
Financing
-€748,298
Cash 2023
€48,203
From operations (derived)
+€1.8m
Net result for the year
+€1.8m
Depreciation
+€84
Receivables within one year
-€11,645
Smaller working-capital items
+€3,021
Investment (derived)
+€763,480
Investment in fixed assets (net)
-€8,520
Current investments
+€772,000
Financing
-€748,298
Debts after one year
-€738,306
Current portion of long-term debt
-€9,992
Cash 2024
€1.9m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,236,503 | €12,339,434 | +€1.1m | +9.8% |
| Fixed assets | 21/28 | €10,074,200 | €10,082,636 | +€8,436 | +0.1% |
| Tangible fixed assets | 22/27 | - | €8,436 | +€8,436 | |
| Furniture and vehicles | 24 | - | €8,436 | +€8,436 | |
| Financial fixed assets | 28 | €10,074,200 | €10,074,200 | = | 0.0% |
| Affiliated companies | 280/1 | €10,074,200 | €10,074,200 | = | 0.0% |
| Participating interests | 280 | €10,074,200 | €10,074,200 | = | 0.0% |
| Current assets | 29/58 | €1,162,303 | €2,256,798 | +€1.1m | +94.2% |
| Amounts receivable within one year | 40/41 | €342,100 | €353,745 | +€11,645 | +3.4% |
| Trade receivables | 40 | €12,100 | €18,150 | +€6,050 | +50.0% |
| Other amounts receivable | 41 | €330,000 | €335,595 | +€5,595 | +1.7% |
| Current investments | 50/53 | €772,000 | - | -€772,000 | |
| Other investments | 51/53 | €772,000 | - | -€772,000 | |
| Cash at bank and in hand | 54/58 | €48,203 | €1,903,053 | +€1.9m | +3848.0% |
| Total equity and liabilities | 10/49 | €11,236,503 | €12,339,434 | +€1.1m | +9.8% |
| Equity | 10/15 | €3,610,238 | €5,458,445 | +€1.8m | +51.2% |
| Contributions | 10/11 | €582,970 | €582,970 | = | 0.0% |
| Reserves | 13 | €3,027,268 | €4,875,475 | +€1.8m | +61.1% |
| Distributable reserves | 133 | €3,027,268 | €4,875,475 | +€1.8m | +61.1% |
| Amounts payable | 17/49 | €7,626,265 | €6,880,989 | -€745,276 | -9.8% |
| Amounts payable after more than one year | 17 | €6,851,255 | €6,112,949 | -€738,306 | -10.8% |
| Financial debts | 170/4 | €6,851,255 | €6,112,949 | -€738,306 | -10.8% |
| Subordinated loans | 170 | €4,511,230 | €4,511,230 | = | 0.0% |
| Credit institutions | 173 | €2,340,025 | €1,601,719 | -€738,306 | -31.6% |
| Amounts payable within one year | 42/48 | €775,010 | €768,039 | -€6,970 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €767,609 | €757,617 | -€9,992 | -1.3% |
| Trade debts | 44 | €926 | €977 | +€51 | +5.5% |
| Suppliers | 440/4 | €926 | €977 | +€51 | +5.5% |
| Taxes, remuneration and social security | 45 | €6,475 | €9,445 | +€2,971 | +45.9% |
| Taxes | 450/3 | €6,475 | €9,445 | +€2,971 | +45.9% |
| Operating income | 70/76A | €122,324 | €137,361 | +€15,037 | +12.3% |
| Turnover | 70 | €120,000 | €135,000 | +€15,000 | +12.5% |
| Other operating income | 74 | €2,324 | €2,361 | +€37 | +1.6% |
| Operating charges | 60/66A | €53,367 | €55,620 | +€2,253 | +4.2% |
| Services and other goods | 61 | €52,407 | €52,553 | +€146 | +0.3% |
| Remuneration, social security and pensions | 62 | - | €2,016 | +€2,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €84 | +€84 | |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Operating profit (loss) | 9901 | €68,957 | €81,741 | +€12,785 | +18.5% |
| Financial income | 75/76B | €1,365,000 | €1,841,400 | +€476,400 | +34.9% |
| Recurring financial income | 75 | €1,365,000 | €1,841,400 | +€476,400 | +34.9% |
| Income from financial fixed assets | 750 | €1,365,000 | €1,600,000 | +€235,000 | +17.2% |
| Income from current assets | 751 | - | €5,455 | +€5,455 | |
| Other financial income | 752/9 | - | €235,945 | +€235,945 | |
| Financial charges | 65/66B | €28,239 | €67,893 | +€39,654 | +140.4% |
| Recurring financial charges | 65 | €28,239 | €67,893 | +€39,654 | +140.4% |
| Debt charges | 650 | €28,179 | €66,092 | +€37,913 | +134.5% |
| Other financial charges | 652/9 | €60 | €1,801 | +€1,741 | +2901.6% |
| Profit (loss) for the period before taxes | 9903 | €1,405,718 | €1,855,249 | +€449,531 | +32.0% |
| Income taxes | 67/77 | €10,766 | €7,042 | -€3,725 | -34.6% |
| Taxes | 670/3 | €10,766 | €7,042 | -€3,725 | -34.6% |
| Profit (loss) for the period | 9904 | €1,394,951 | €1,848,207 | +€453,256 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,394,951 | €1,848,207 | +€453,256 | +32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.