All 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.
All Security
Largest movements
- Stocks and contracts +€30,257
new in 2025: €30,257
- Cash -€6,690
down €6,690 (-35.3%), from €18,935 to €12,245
mainly Stocks and contracts (-€30,257) and Deferred charges and accrued income (-€961)
- Trade debts +€17,999
new in 2025: €17,999
- Reserves +€4,594
up €4,594 (+5.4%), from €84,670 to €89,265
of which Distributable reserves: +€4,594
- Gross operating margin -€7,463
down €7,463 (-53.1%), from €14,042 to €6,579
- Taxes +€1,577
up €1,577 (+201.1%), from €784 to €2,362
- Other operating charges -€1,485
down €1,485 (-76.3%), from €1,946 to €461
- Financial income +€754
up €754 (+400.3%), from €188 to €942
- Financial charges -€253
down €253 (-70.8%), from €357 to €105
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 | €159,775 | €184,706 | +€24,932 | +15.6% |
| Fixed assets | 21/28 | €1,140 | €1,140 | = | 0.0% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €158,635 | €183,566 | +€24,932 | +15.7% |
| Stocks and contracts in progress | 3 | - | €30,257 | +€30,257 | |
| Stocks | 30/36 | - | €30,257 | +€30,257 | |
| Amounts receivable within one year | 40/41 | €139,700 | €140,103 | +€403 | +0.3% |
| Trade receivables | 40 | €131,594 | €139,682 | +€8,088 | +6.1% |
| Other amounts receivable | 41 | €8,106 | €421 | -€7,685 | -94.8% |
| Cash at bank and in hand | 54/58 | €18,935 | €12,245 | -€6,690 | -35.3% |
| Deferred charges and accrued income | 490/1 | - | €961 | +€961 | |
| Total equity and liabilities | 10/49 | €159,775 | €184,706 | +€24,932 | +15.6% |
| Equity | 10/15 | €159,039 | €163,633 | +€4,594 | +2.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €84,670 | €89,265 | +€4,594 | +5.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €77,234 | €81,828 | +€4,594 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €736 | €21,073 | +€20,337 | +2762.8% |
| Amounts payable within one year | 42/48 | €736 | €21,073 | +€20,337 | +2762.8% |
| Trade debts | 44 | - | €17,999 | +€17,999 | |
| Suppliers | 440/4 | - | €17,999 | +€17,999 | |
| Taxes, remuneration and social security | 45 | €736 | €2,333 | +€1,596 | +216.9% |
| Taxes | 450/3 | €736 | €2,333 | +€1,596 | +216.9% |
| Other amounts payable | 47/48 | €0 | €742 | +€742 | |
| Other operating charges | 640/8 | €1,946 | €461 | -€1,485 | -76.3% |
| Gross operating margin | 9900 | €14,042 | €6,579 | -€7,463 | -53.1% |
| Operating profit (loss) | 9901 | €12,096 | €6,118 | -€5,977 | -49.4% |
| Financial income | 75/76B | €188 | €942 | +€754 | +400.3% |
| Recurring financial income | 75 | €188 | €942 | +€754 | +400.3% |
| Financial charges | 65/66B | €357 | €105 | -€253 | -70.8% |
| Recurring financial charges | 65 | €357 | €105 | -€253 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €11,927 | €6,956 | -€4,971 | -41.7% |
| Income taxes | 67/77 | €784 | €2,362 | +€1,577 | +201.1% |
| Profit (loss) for the period | 9904 | €11,142 | €4,594 | -€6,548 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,142 | €4,594 | -€6,548 | -58.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.