AEW 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.
What changed
AEW Security
NACE 80.090, Investigation and security activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€42,112
2024 · €157,811-€199,923
Equity
€876,672
2024 · €918,784-€42,112
Cash
€100,266
2024 · €165,151-€64,886
Balance sheet total
€1.7m
2024 · €1.6m+€85,206
Largest movements
Assets
- Stocks and contracts +€268,012
up €268,012 (+57.1%), from €469,319 to €737,331
of which Contracts in progress: +€225,480
- Receivables within one year -€120,351
down €120,351 (-14.2%), from €849,717 to €729,366
of which Trade receivables: -€130,083
- Cash -€64,886
down €64,886 (-39.3%), from €165,151 to €100,266
mainly Stocks and contracts (-€268,012) and Tax, wage and social debts (-€114,018)
Equity and liabilities
- Other debts +€210,000
new in 2025: €210,000
- Tax, wage and social debts -€114,018
down €114,018 (-28.8%), from €395,978 to €281,959
of which Remuneration and social security: -€114,635
- Profit (loss) carried forward -€42,112
down €42,112 (-26.5%), from €158,954 to €116,841
Income statement
- Turnover -€181,996
down €181,996 (-4.8%), from €3.8m to €3.6m
- Goods and materials +€174,457
up €174,457 (+11.4%), from €1.5m to €1.7m
of which Purchases: +€186,887
- Services and other goods +€151,158
up €151,158 (+27.0%), from €559,797 to €710,955
- Staff costs -€131,880
down €131,880 (-7.3%), from €1.8m to €1.7m
- Taxes -€77,752
down €77,752 (-90.6%), from €85,802 to €8,050
of which Taxes: -€79,350
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.
Result 2024
€157,811
Turnover
-€181,996
Other operating income
-€70,576
Goods and materials
-€174,457
Services and other goods
-€151,158
Staff costs
+€131,880
Depreciation
+€11,049
Write-downs
-€1,735
Other operating charges
+€4,030
Other operating items
+€160,112
Financial income
-€1,247
Financial charges
-€3,578
Taxes
+€77,752
Result 2025
-€42,112
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.
From operations
-€45,297
Investment
-€19,588
Financing
€0
Cash 2024
€165,151
From operations (derived)
-€45,297
Net result for the year
-€42,112
Depreciation
+€33,450
Stocks and contracts
-€268,012
Receivables within one year
+€120,351
Deferred charges and accrued income
-€16,292
Trade debts
+€16,338
Tax, wage and social debts
-€114,018
Other debts
+€210,000
Accrued charges and deferred income
+€14,998
Investment (derived)
-€19,588
Investment in fixed assets (net)
-€19,588
Cash 2025
€100,266
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,577,387 | €1,662,593 | +€85,206 | +5.4% |
| Fixed assets | 21/28 | €86,829 | €72,967 | -€13,861 | -16.0% |
| Intangible fixed assets | 21 | €10,108 | €4,243 | -€5,865 | -58.0% |
| Tangible fixed assets | 22/27 | €76,471 | €68,475 | -€7,997 | -10.5% |
| Plant, machinery and equipment | 23 | €59,772 | €48,499 | -€11,272 | -18.9% |
| Furniture and vehicles | 24 | €6,774 | €11,943 | +€5,169 | +76.3% |
| Other tangible fixed assets | 26 | €9,926 | €8,032 | -€1,894 | -19.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,490,558 | €1,589,626 | +€99,067 | +6.6% |
| Stocks and contracts in progress | 3 | €469,319 | €737,331 | +€268,012 | +57.1% |
| Stocks | 30/36 | €296,510 | €339,041 | +€42,531 | +14.3% |
| Goods purchased for resale | 34 | €296,510 | €339,041 | +€42,531 | +14.3% |
| Contracts in progress | 37 | €172,810 | €398,290 | +€225,480 | +130.5% |
| Amounts receivable within one year | 40/41 | €849,717 | €729,366 | -€120,351 | -14.2% |
| Trade receivables | 40 | €799,205 | €669,122 | -€130,083 | -16.3% |
| Other amounts receivable | 41 | €50,512 | €60,245 | +€9,732 | +19.3% |
| Cash at bank and in hand | 54/58 | €165,151 | €100,266 | -€64,886 | -39.3% |
| Deferred charges and accrued income | 490/1 | €6,371 | €22,663 | +€16,292 | +255.7% |
| Total equity and liabilities | 10/49 | €1,577,387 | €1,662,593 | +€85,206 | +5.4% |
| Equity | 10/15 | €918,784 | €876,672 | -€42,112 | -4.6% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €704,831 | €704,831 | = | 0.0% |
| Distributable reserves | 133 | €704,831 | €704,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,954 | €116,841 | -€42,112 | -26.5% |
| Amounts payable | 17/49 | €658,603 | €785,921 | +€127,318 | +19.3% |
| Amounts payable within one year | 42/48 | €643,148 | €755,468 | +€112,320 | +17.5% |
| Trade debts | 44 | €247,170 | €263,509 | +€16,338 | +6.6% |
| Suppliers | 440/4 | €247,170 | €263,509 | +€16,338 | +6.6% |
| Taxes, remuneration and social security | 45 | €395,978 | €281,959 | -€114,018 | -28.8% |
| Taxes | 450/3 | €117,944 | €118,561 | +€617 | +0.5% |
| Remuneration and social security | 454/9 | €278,034 | €163,399 | -€114,635 | -41.2% |
| Other amounts payable | 47/48 | - | €210,000 | +€210,000 | |
| Accrued charges and deferred income | 492/3 | €15,455 | €30,453 | +€14,998 | +97.0% |
| Operating income | 70/76A | €4,231,488 | €4,139,027 | -€92,461 | -2.2% |
| Turnover | 70 | €3,820,598 | €3,638,601 | -€181,996 | -4.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €69,422 | €225,480 | +€156,058 | +224.8% |
| Other operating income | 74 | €334,022 | €263,445 | -€70,576 | -21.1% |
| Non-recurring operating income | 76A | €7,447 | €11,500 | +€4,053 | +54.4% |
| Operating charges | 60/66A | €3,977,531 | €4,157,921 | +€180,390 | +4.5% |
| Goods for resale, raw materials and consumables | 60 | €1,536,840 | €1,711,296 | +€174,457 | +11.4% |
| Purchases | 600/8 | €1,566,941 | €1,753,828 | +€186,887 | +11.9% |
| Change in stocks: decrease (increase) | 609 | -€30,101 | -€42,531 | -€12,430 | -41.3% |
| Services and other goods | 61 | €559,797 | €710,955 | +€151,158 | +27.0% |
| Remuneration, social security and pensions | 62 | €1,810,893 | €1,679,012 | -€131,880 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,499 | €33,450 | -€11,049 | -24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,735 | - | +€1,735 | |
| Other operating charges | 640/8 | €27,237 | €23,207 | -€4,030 | -14.8% |
| Operating profit (loss) | 9901 | €253,957 | -€18,894 | -€272,851 | |
| Financial income | 75/76B | €2,529 | €1,282 | -€1,247 | -49.3% |
| Recurring financial income | 75 | €2,529 | €1,282 | -€1,247 | -49.3% |
| Income from current assets | 751 | €862 | - | -€862 | |
| Other financial income | 752/9 | €1,666 | €1,282 | -€385 | -23.1% |
| Financial charges | 65/66B | €12,873 | €16,451 | +€3,578 | +27.8% |
| Recurring financial charges | 65 | €12,873 | €16,451 | +€3,578 | +27.8% |
| Debt charges | 650 | €10,856 | €12,266 | +€1,410 | +13.0% |
| Other financial charges | 652/9 | €2,017 | €4,185 | +€2,168 | +107.5% |
| Profit (loss) for the period before taxes | 9903 | €243,613 | -€34,062 | -€277,675 | |
| Income taxes | 67/77 | €85,802 | €8,050 | -€77,752 | -90.6% |
| Taxes | 670/3 | €90,000 | €10,650 | -€79,350 | -88.2% |
| Tax adjustments and reversals of tax provisions | 77 | €4,198 | €2,600 | -€1,598 | -38.1% |
| Profit (loss) for the period | 9904 | €157,811 | -€42,112 | -€199,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,811 | -€42,112 | -€199,923 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.