Aikido 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.
Aikido Security
Largest movements
- Current investments +€38.1m
up €38.1m (+294.2%), from €12.9m to €51.0m
- Cash +€6.8m
up €6.8m (+245.2%), from €2.8m to €9.5m
mainly Contributions, distributions and other (+€59.1m) and Accrued charges and deferred income (+€8.8m)
- Receivables within one year +€4.1m
up €4.1m (+222.6%), from €1.8m to €5.9m
of which Trade receivables: +€3.9m
- Intangible fixed assets +€3.9m
up €3.9m (+20987.0%), from €18,589 to €3.9m
- Deferred charges and accrued income +€1.0m
up €1.0m (+348.2%), from €288,591 to €1.3m
- Contributions +€59.1m
up €59.1m (+298.6%), from €19.8m to €78.9m
- Profit (loss) carried forward -€13.9m
down €13.9m (-274.6%), from -€5.1m to -€19.0m
- Accrued charges and deferred income +€8.8m
up €8.8m (+415.1%), from €2.1m to €10.9m
- Trade debts +€769,108
up €769,108 (+61.4%), from €1.3m to €2.0m
- Gross operating margin -€6.9m
down €6.9m (-184.4%), from -€3.7m to -€10.6m
- Staff costs +€2.1m
up €2.1m (+319.6%), from €657,089 to €2.8m
- Depreciation +€587,788
up €587,788 (+2255.4%), from €26,061 to €613,849
- Financial charges +€270,036
up €270,036 (+1485.4%), from €18,179 to €288,215
- Financial income +€152,232
up €152,232 (+60.5%), from €251,675 to €403,907
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,204,967 | €73,223,835 | +€55.0m | +302.2% |
| Fixed assets | 21/28 | €380,909 | €5,467,102 | +€5.1m | +1335.3% |
| Intangible fixed assets | 21 | €18,589 | €3,919,910 | +€3.9m | +20987.0% |
| Tangible fixed assets | 22/27 | €289,495 | €646,080 | +€356,585 | +123.2% |
| Plant, machinery and equipment | 23 | €35,526 | €78,660 | +€43,134 | +121.4% |
| Furniture and vehicles | 24 | €82,374 | €288,757 | +€206,383 | +250.5% |
| Other tangible fixed assets | 26 | €171,595 | €278,663 | +€107,067 | +62.4% |
| Financial fixed assets | 28 | €72,825 | €901,112 | +€828,288 | +1137.4% |
| Current assets | 29/58 | €17,824,058 | €67,756,733 | +€49.9m | +280.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,833,003 | €5,913,761 | +€4.1m | +222.6% |
| Trade receivables | 40 | €1,439,986 | €5,316,186 | +€3.9m | +269.2% |
| Other amounts receivable | 41 | €393,016 | €597,575 | +€204,558 | +52.0% |
| Current investments | 50/53 | €12,936,505 | €51,000,000 | +€38.1m | +294.2% |
| Cash at bank and in hand | 54/58 | €2,765,960 | €9,549,418 | +€6.8m | +245.2% |
| Deferred charges and accrued income | 490/1 | €288,591 | €1,293,554 | +€1.0m | +348.2% |
| Total equity and liabilities | 10/49 | €18,204,967 | €73,223,835 | +€55.0m | +302.2% |
| Equity | 10/15 | €14,728,177 | €59,927,451 | +€45.2m | +306.9% |
| Contributions | 10/11 | €19,800,643 | €78,929,816 | +€59.1m | +298.6% |
| Profit (loss) carried forward | 14 | -€5,072,466 | -€19,002,365 | -€13.9m | -274.6% |
| Amounts payable | 17/49 | €3,476,791 | €13,296,385 | +€9.8m | +282.4% |
| Amounts payable after more than one year | 17 | - | €84,812 | +€84,812 | |
| Financial debts | 170/4 | - | €84,812 | +€84,812 | |
| Amounts payable within one year | 42/48 | €1,367,917 | €2,348,385 | +€980,468 | +71.7% |
| Financial debts | 43 | €3,897 | €1,012 | -€2,885 | -74.0% |
| Credit institutions | 430/8 | €3,897 | €1,012 | -€2,885 | -74.0% |
| Trade debts | 44 | €1,251,644 | €2,020,752 | +€769,108 | +61.4% |
| Suppliers | 440/4 | €1,251,644 | €2,020,752 | +€769,108 | +61.4% |
| Taxes, remuneration and social security | 45 | €112,377 | €326,622 | +€214,245 | +190.6% |
| Taxes | 450/3 | - | €4,229 | +€4,229 | |
| Remuneration and social security | 454/9 | €112,377 | €322,394 | +€210,017 | +186.9% |
| Accrued charges and deferred income | 492/3 | €2,108,873 | €10,863,188 | +€8.8m | +415.1% |
| Remuneration, social security and pensions | 62 | €657,089 | €2,756,867 | +€2.1m | +319.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,061 | €613,849 | +€587,788 | +2255.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €115,456 | +€115,456 | |
| Other operating charges | 640/8 | €9,412 | €82,410 | +€72,998 | +775.6% |
| Gross operating margin | 9900 | -€3,733,554 | -€10,616,444 | -€6.9m | -184.4% |
| Operating profit (loss) | 9901 | -€4,426,116 | -€14,185,027 | -€9.8m | -220.5% |
| Financial income | 75/76B | €251,675 | €403,907 | +€152,232 | +60.5% |
| Recurring financial income | 75 | €251,675 | €403,907 | +€152,232 | +60.5% |
| Financial charges | 65/66B | €18,179 | €288,215 | +€270,036 | +1485.4% |
| Recurring financial charges | 65 | €18,179 | €288,215 | +€270,036 | +1485.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,192,621 | -€14,069,335 | -€9.9m | -235.6% |
| Income taxes | 67/77 | €0 | -€139,436 | -€139,436 | |
| Profit (loss) for the period | 9904 | -€4,192,621 | -€13,929,899 | -€9.7m | -232.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,192,621 | -€13,929,899 | -€9.7m | -232.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.