AD SECURIUS: 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.
AD SECURIUS
Largest movements
- Receivables within one year -€37,011
down €37,011 (-57.9%), from €63,977 to €26,966
of which Trade receivables: -€35,605
- Cash +€22,332
up €22,332 (+82.6%), from €27,036 to €49,368
mainly Receivables within one year (+€37,011) and Depreciation (+€12,864)
- Tangible fixed assets -€11,909
down €11,909 (-35.9%), from €33,186 to €21,277
- Receivables after one year +€5,000
new in 2025: €5,000
- Tax, wage and social debts -€18,800
down €18,800 (-65.1%), from €28,878 to €10,078
of which Taxes: -€16,160
- Other debts -€9,095
no longer reported in 2025 (was €9,095)
- Reserves +€7,082
up €7,082 (+10.6%), from €66,732 to €73,814
- Gross operating margin -€73,343
down €73,343 (-74.8%), from €98,079 to €24,736
- Taxes -€21,021
down €21,021 (-81.1%), from €25,918 to €4,896
- Depreciation +€7,586
up €7,586 (+144%), from €5,278 to €12,864
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 | €126,815 | €105,261 | -€21,554 | -17.0% |
| Fixed assets | 21/28 | €33,186 | €21,277 | -€11,909 | -35.9% |
| Tangible fixed assets | 22/27 | €33,186 | €21,277 | -€11,909 | -35.9% |
| Furniture and vehicles | 24 | €33,186 | €21,277 | -€11,909 | -35.9% |
| Current assets | 29/58 | €93,629 | €83,984 | -€9,645 | -10.3% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €63,977 | €26,966 | -€37,011 | -57.9% |
| Trade receivables | 40 | €60,435 | €24,829 | -€35,605 | -58.9% |
| Other amounts receivable | 41 | €3,542 | €2,137 | -€1,406 | -39.7% |
| Cash at bank and in hand | 54/58 | €27,036 | €49,368 | +€22,332 | +82.6% |
| Deferred charges and accrued income | 490/1 | €2,616 | €2,650 | +€34 | +1.3% |
| Total equity and liabilities | 10/49 | €126,815 | €105,261 | -€21,554 | -17.0% |
| Equity | 10/15 | €87,803 | €94,885 | +€7,082 | +8.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,732 | €73,814 | +€7,082 | +10.6% |
| Distributable reserves | 133 | €66,732 | €73,814 | +€7,082 | +10.6% |
| Profit (loss) carried forward | 14 | €18,071 | €18,071 | = | 0.0% |
| Amounts payable | 17/49 | €39,012 | €10,376 | -€28,636 | -73.4% |
| Amounts payable within one year | 42/48 | €39,012 | €10,376 | -€28,636 | -73.4% |
| Trade debts | 44 | €1,040 | €298 | -€741 | -71.3% |
| Suppliers | 440/4 | €1,040 | €298 | -€741 | -71.3% |
| Taxes, remuneration and social security | 45 | €28,878 | €10,078 | -€18,800 | -65.1% |
| Taxes | 450/3 | €25,918 | €9,758 | -€16,160 | -62.4% |
| Remuneration and social security | 454/9 | €2,960 | €320 | -€2,640 | -89.2% |
| Other amounts payable | 47/48 | €9,095 | - | -€9,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,278 | €12,864 | +€7,586 | +144% |
| Gross operating margin | 9900 | €98,079 | €24,736 | -€73,343 | -74.8% |
| Operating profit (loss) | 9901 | €92,801 | €11,872 | -€80,930 | -87.2% |
| Financial income | 75/76B | - | €288 | +€288 | |
| Recurring financial income | 75 | - | €288 | +€288 | |
| Financial charges | 65/66B | €151 | €181 | +€30 | +19.8% |
| Recurring financial charges | 65 | €151 | €181 | +€30 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €92,650 | €11,978 | -€80,671 | -87.1% |
| Income taxes | 67/77 | €25,918 | €4,896 | -€21,021 | -81.1% |
| Profit (loss) for the period | 9904 | €66,732 | €7,082 | -€59,650 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,732 | €7,082 | -€59,650 | -89.4% |
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 29 October 2026 via checked.be.