SEKUR: 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.
SEKUR
Largest movements
- Receivables within one year -€813,825
down €813,825 (-75.4%), from €1.1m to €265,461
of which Trade receivables: -€827,076
- Current investments +€450,000
new in 2025: €450,000
- Cash +€157,956
up €157,956 (+2,443%), from €6,466 to €164,422
mainly Receivables within one year (+€813,825) and Depreciation (+€1,666)
- Receivables after one year +€38,790
up €38,790 (+43.0%), from €90,131 to €128,921
- Accrued charges and deferred income -€65,046
no longer reported in 2025 (was €65,046)
- Profit (loss) carried forward -€58,594
down €58,594, from €751 to -€57,843
- Tax, wage and social debts -€12,630
down €12,630 (-12.6%), from €100,442 to €87,813
- Gross operating margin -€961,894
down €961,894, from €904,980 to -€56,914
- Taxes -€82,279
down €82,279 (-99.7%), from €82,549 to €271
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 | €1,221,210 | €1,067,246 | -€153,964 | -12.6% |
| Fixed assets | 21/28 | €45,328 | €57,179 | +€11,851 | +26.1% |
| Tangible fixed assets | 22/27 | €316 | €12,167 | +€11,851 | +3,749% |
| Plant, machinery and equipment | 23 | €316 | €8,951 | +€8,634 | +2,731% |
| Furniture and vehicles | 24 | - | €3,216 | +€3,216 | |
| Financial fixed assets | 28 | €45,012 | €45,012 | = | 0.0% |
| Current assets | 29/58 | €1,175,882 | €1,010,067 | -€165,815 | -14.1% |
| Amounts receivable after more than one year | 29 | €90,131 | €128,921 | +€38,790 | +43.0% |
| Other amounts receivable | 291 | €90,131 | €128,921 | +€38,790 | +43.0% |
| Amounts receivable within one year | 40/41 | €1,079,285 | €265,461 | -€813,825 | -75.4% |
| Trade receivables | 40 | €1,078,781 | €251,705 | -€827,076 | -76.7% |
| Other amounts receivable | 41 | €504 | €13,756 | +€13,252 | +2,630% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €6,466 | €164,422 | +€157,956 | +2,443% |
| Deferred charges and accrued income | 490/1 | €0 | €1,264 | +€1,264 | |
| Total equity and liabilities | 10/49 | €1,221,210 | €1,067,246 | -€153,964 | -12.6% |
| Equity | 10/15 | €1,020,798 | €962,203 | -€58,594 | -5.7% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €74,400 | +€74,400 | |
| Other | 1109/19 | - | €74,400 | +€74,400 | |
| Reserves | 13 | €945,647 | €945,647 | = | 0.0% |
| Distributable reserves | 133 | €945,647 | €945,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | €751 | -€57,843 | -€58,594 | |
| Amounts payable | 17/49 | €200,413 | €105,043 | -€95,370 | -47.6% |
| Amounts payable after more than one year | 17 | €16,196 | €9,728 | -€6,468 | -39.9% |
| Financial debts | 170/4 | €16,196 | €9,728 | -€6,468 | -39.9% |
| Amounts payable within one year | 42/48 | €119,170 | €95,315 | -€23,855 | -20.0% |
| Financial debts | 43 | €6,157 | €5,875 | -€282 | -4.6% |
| Credit institutions | 430/8 | €6,157 | €5,875 | -€282 | -4.6% |
| Trade debts | 44 | €12,571 | €1,628 | -€10,943 | -87.1% |
| Suppliers | 440/4 | €12,571 | €1,628 | -€10,943 | -87.1% |
| Taxes, remuneration and social security | 45 | €100,442 | €87,813 | -€12,630 | -12.6% |
| Taxes | 450/3 | €100,442 | €87,813 | -€12,630 | -12.6% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €65,046 | - | -€65,046 | |
| Non-recurring operating income | 76A | €928,921 | - | -€928,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €1,666 | +€1,475 | +773% |
| Other operating charges | 640/8 | €1,433 | €2,868 | +€1,435 | +100% |
| Gross operating margin | 9900 | €904,980 | -€56,914 | -€961,894 | |
| Operating profit (loss) | 9901 | €903,357 | -€61,447 | -€964,804 | |
| Financial income | 75/76B | €5,218 | €6,565 | +€1,347 | +25.8% |
| Recurring financial income | 75 | €5,218 | €6,565 | +€1,347 | +25.8% |
| Financial charges | 65/66B | €3,473 | €3,441 | -€32 | -0.9% |
| Recurring financial charges | 65 | €3,473 | €3,441 | -€32 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €905,102 | -€58,323 | -€963,425 | |
| Income taxes | 67/77 | €82,549 | €271 | -€82,279 | -99.7% |
| Profit (loss) for the period | 9904 | €822,552 | -€58,594 | -€881,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €822,552 | -€58,594 | -€881,147 |
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 28 October 2026 via checked.be.