A-Security: 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.
A-Security
Largest movements
- Receivables within one year -€8,318
down €8,318 (-14.4%), from €57,812 to €49,494
of which Trade receivables: -€13,326
- Stocks and contracts -€3,651
down €3,651 (-9.6%), from €37,834 to €34,183
- Receivables after one year -€1,124
down €1,124 (-40.4%), from €2,779 to €1,656
- Profit (loss) carried forward -€9,436
new in 2025: -€9,436
- Short-term financial debts -€7,618
down €7,618 (-73.7%), from €10,335 to €2,718
- Trade debts +€5,465
up €5,465 (+29.3%), from €18,637 to €24,101
- Tax, wage and social debts -€2,847
down €2,847 (-13.8%), from €20,656 to €17,809
of which Taxes: -€3,938
- Gross operating margin -€54,689
down €54,689 (-41.3%), from €132,576 to €77,887
- Taxes -€10,195
down €10,195 (-92.5%), from €11,022 to €827
- Staff costs -€9,862
down €9,862 (-11.4%), from €86,679 to €76,817
- Write-downs +€1,972
new in 2025: €1,972
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 | €104,673 | €90,835 | -€13,837 | -13.2% |
| Fixed assets | 21/28 | €5,029 | €4,016 | -€1,013 | -20.1% |
| Tangible fixed assets | 22/27 | €1,919 | €906 | -€1,013 | -52.8% |
| Plant, machinery and equipment | 23 | €1,505 | €906 | -€599 | -39.8% |
| Furniture and vehicles | 24 | €415 | - | -€415 | |
| Financial fixed assets | 28 | €3,110 | €3,110 | = | 0.0% |
| Current assets | 29/58 | €99,643 | €86,819 | -€12,824 | -12.9% |
| Amounts receivable after more than one year | 29 | €2,779 | €1,656 | -€1,124 | -40.4% |
| Other amounts receivable | 291 | €2,779 | €1,656 | -€1,124 | -40.4% |
| Stocks and contracts in progress | 3 | €37,834 | €34,183 | -€3,651 | -9.6% |
| Stocks | 30/36 | €37,834 | €34,183 | -€3,651 | -9.6% |
| Amounts receivable within one year | 40/41 | €57,812 | €49,494 | -€8,318 | -14.4% |
| Trade receivables | 40 | €53,068 | €39,742 | -€13,326 | -25.1% |
| Other amounts receivable | 41 | €4,743 | €9,752 | +€5,009 | +105.6% |
| Cash at bank and in hand | 54/58 | €134 | €189 | +€55 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,085 | €1,298 | +€213 | +19.6% |
| Total equity and liabilities | 10/49 | €104,673 | €90,835 | -€13,837 | -13.2% |
| Equity | 10/15 | €54,615 | €45,179 | -€9,436 | -17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,415 | €48,415 | = | 0.0% |
| Distributable reserves | 133 | €48,415 | €48,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,436 | -€9,436 | |
| Amounts payable | 17/49 | €50,058 | €45,656 | -€4,402 | -8.8% |
| Amounts payable within one year | 42/48 | €49,628 | €44,983 | -€4,644 | -9.4% |
| Financial debts | 43 | €10,335 | €2,718 | -€7,618 | -73.7% |
| Credit institutions | 430/8 | €10,335 | €2,718 | -€7,618 | -73.7% |
| Trade debts | 44 | €18,637 | €24,101 | +€5,465 | +29.3% |
| Suppliers | 440/4 | €18,637 | €24,101 | +€5,465 | +29.3% |
| Taxes, remuneration and social security | 45 | €20,656 | €17,809 | -€2,847 | -13.8% |
| Taxes | 450/3 | €4,539 | €601 | -€3,938 | -86.8% |
| Remuneration and social security | 454/9 | €16,116 | €17,207 | +€1,091 | +6.8% |
| Other amounts payable | 47/48 | - | €356 | +€356 | |
| Accrued charges and deferred income | 492/3 | €430 | €673 | +€243 | +56.4% |
| Remuneration, social security and pensions | 62 | €86,679 | €76,817 | -€9,862 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,997 | €2,180 | +€183 | +9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,972 | +€1,972 | |
| Other operating charges | 640/8 | €3,084 | €1,799 | -€1,285 | -41.7% |
| Gross operating margin | 9900 | €132,576 | €77,887 | -€54,689 | -41.3% |
| Operating profit (loss) | 9901 | €40,816 | -€4,880 | -€45,697 | |
| Financial income | 75/76B | €198 | €387 | +€189 | +95.2% |
| Recurring financial income | 75 | €198 | €387 | +€189 | +95.2% |
| Financial charges | 65/66B | €4,218 | €4,115 | -€103 | -2.4% |
| Recurring financial charges | 65 | €4,218 | €4,115 | -€103 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €36,797 | -€8,609 | -€45,405 | |
| Income taxes | 67/77 | €11,022 | €827 | -€10,195 | -92.5% |
| Profit (loss) for the period | 9904 | €25,774 | -€9,436 | -€35,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,774 | -€9,436 | -€35,210 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.