SEKOH: 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.
SEKOH
Largest movements
- Cash +€144,466
up €144,466 (+57.0%), from €253,362 to €397,829
mainly Net result for the year (+€188,248) and Depreciation (+€25,221)
- Tangible fixed assets -€22,697
down €22,697 (-8.4%), from €268,739 to €246,042
of which Land and buildings: -€16,867
- Reserves +€133,690
up €133,690 (+17.1%), from €783,704 to €917,394
- Debts after one year -€12,612
down €12,612 (-9.5%), from €133,150 to €120,538
- Financial income -€14,659
down €14,659 (-82.0%), from €17,878 to €3,219
- Gross operating margin -€8,562
down €8,562 (-2.7%), from €311,352 to €302,791
- Taxes -€6,001
down €6,001 (-6.4%), from €93,525 to €87,524
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 | €982,809 | €1,108,150 | +€125,342 | +12.8% |
| Fixed assets | 21/28 | €269,044 | €246,347 | -€22,697 | -8.4% |
| Tangible fixed assets | 22/27 | €268,739 | €246,042 | -€22,697 | -8.4% |
| Land and buildings | 22 | €240,956 | €224,089 | -€16,867 | -7.0% |
| Furniture and vehicles | 24 | €26,093 | €20,668 | -€5,425 | -20.8% |
| Other tangible fixed assets | 26 | €1,691 | €1,285 | -€406 | -24.0% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €713,765 | €861,804 | +€148,038 | +20.7% |
| Amounts receivable within one year | 40/41 | €110,297 | €113,864 | +€3,567 | +3.2% |
| Trade receivables | 40 | €30,749 | €31,134 | +€385 | +1.3% |
| Other amounts receivable | 41 | €79,548 | €82,730 | +€3,182 | +4.0% |
| Current investments | 50/53 | €350,000 | €350,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253,362 | €397,829 | +€144,466 | +57.0% |
| Deferred charges and accrued income | 490/1 | €106 | €111 | +€5 | +4.5% |
| Total equity and liabilities | 10/49 | €982,809 | €1,108,150 | +€125,342 | +12.8% |
| Equity | 10/15 | €789,954 | €923,644 | +€133,690 | +16.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €783,704 | €917,394 | +€133,690 | +17.1% |
| Distributable reserves | 133 | €783,704 | €917,394 | +€133,690 | +17.1% |
| Amounts payable | 17/49 | €192,854 | €184,506 | -€8,348 | -4.3% |
| Amounts payable after more than one year | 17 | €133,150 | €120,538 | -€12,612 | -9.5% |
| Financial debts | 170/4 | €133,150 | €120,538 | -€12,612 | -9.5% |
| Amounts payable within one year | 42/48 | €58,888 | €60,384 | +€1,496 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €12,486 | €12,612 | +€126 | +1.0% |
| Trade debts | 44 | €1,103 | €3,490 | +€2,387 | +216% |
| Suppliers | 440/4 | €1,103 | €3,490 | +€2,387 | +216% |
| Taxes, remuneration and social security | 45 | €27,894 | €26,222 | -€1,672 | -6.0% |
| Taxes | 450/3 | €25,433 | €23,737 | -€1,696 | -6.7% |
| Remuneration and social security | 454/9 | €2,461 | €2,485 | +€24 | +1.0% |
| Other amounts payable | 47/48 | €17,405 | €18,060 | +€655 | +3.8% |
| Accrued charges and deferred income | 492/3 | €816 | €3,583 | +€2,768 | +339% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,380 | €25,221 | -€159 | -0.6% |
| Other operating charges | 640/8 | €1,476 | €1,472 | -€4 | -0.3% |
| Gross operating margin | 9900 | €311,352 | €302,791 | -€8,562 | -2.7% |
| Operating profit (loss) | 9901 | €284,497 | €276,098 | -€8,399 | -3.0% |
| Financial income | 75/76B | €17,878 | €3,219 | -€14,659 | -82.0% |
| Recurring financial income | 75 | €17,878 | €3,219 | -€14,659 | -82.0% |
| Financial charges | 65/66B | €3,357 | €3,545 | +€188 | +5.6% |
| Recurring financial charges | 65 | €3,357 | €3,545 | +€188 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €299,017 | €275,772 | -€23,246 | -7.8% |
| Income taxes | 67/77 | €93,525 | €87,524 | -€6,001 | -6.4% |
| Profit (loss) for the period | 9904 | €205,492 | €188,248 | -€17,244 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €205,492 | €188,248 | -€17,244 | -8.4% |
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 13 October 2026 via checked.be.