APM SECURITY: 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.
APM SECURITY
Largest movements
- Tangible fixed assets +€244,350
up €244,350 (+56.7%), from €431,286 to €675,636
of which Land and buildings: +€207,760
- Receivables within one year -€52,020
down €52,020 (-18.9%), from €275,895 to €223,875
of which Trade receivables: -€80,171
- Cash +€15,587
up €15,587 (+31.1%), from €50,174 to €65,761
mainly Debts after one year (+€220,175) and Depreciation (+€87,099)
- Debts after one year +€220,175
up €220,175 (+137%), from €160,743 to €380,918
- Current portion of long-term debt +€14,847
up €14,847 (+42.4%), from €35,024 to €49,871
- Trade debts -€13,962
down €13,962 (-8.3%), from €167,496 to €153,534
- Depreciation +€22,464
up €22,464 (+34.8%), from €64,636 to €87,099
- Taxes -€10,116
down €10,116 (-72.5%), from €13,944 to €3,829
- Financial income -€9,480
down €9,480 (-80.9%), from €11,715 to €2,235
of which Non-recurring financial income: -€8,487
- Gross operating margin -€9,125
down €9,125 (-4.9%), from €186,295 to €177,169
- Financial charges +€7,223
up €7,223 (+144%), from €4,999 to €12,222
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 | €806,592 | €1,017,350 | +€210,758 | +26.1% |
| Fixed assets | 21/28 | €435,778 | €680,128 | +€244,350 | +56.1% |
| Tangible fixed assets | 22/27 | €431,286 | €675,636 | +€244,350 | +56.7% |
| Land and buildings | 22 | €409,048 | €616,808 | +€207,760 | +50.8% |
| Plant, machinery and equipment | 23 | €614 | €379 | -€235 | -38.3% |
| Furniture and vehicles | 24 | €21,624 | €58,449 | +€36,826 | +170% |
| Financial fixed assets | 28 | €4,492 | €4,492 | = | 0.0% |
| Current assets | 29/58 | €370,814 | €337,221 | -€33,592 | -9.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Trade receivables | 290 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,745 | €17,585 | +€2,840 | +19.3% |
| Stocks | 30/36 | €14,745 | €17,585 | +€2,840 | +19.3% |
| Amounts receivable within one year | 40/41 | €275,895 | €223,875 | -€52,020 | -18.9% |
| Trade receivables | 40 | €243,207 | €163,036 | -€80,171 | -33.0% |
| Other amounts receivable | 41 | €32,688 | €60,840 | +€28,152 | +86.1% |
| Cash at bank and in hand | 54/58 | €50,174 | €65,761 | +€15,587 | +31.1% |
| Total equity and liabilities | 10/49 | €806,592 | €1,017,350 | +€210,758 | +26.1% |
| Equity | 10/15 | €273,986 | €274,207 | +€222 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,959 | €4,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,959 | €4,959 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,959 | €4,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,427 | €250,648 | +€222 | +0.1% |
| Provisions and deferred taxes | 16 | €101,500 | €101,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €101,500 | €101,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €101,500 | €101,500 | = | 0.0% |
| Amounts payable | 17/49 | €431,106 | €641,643 | +€210,536 | +48.8% |
| Amounts payable after more than one year | 17 | €160,743 | €380,918 | +€220,175 | +137% |
| Financial debts | 170/4 | €160,743 | €380,918 | +€220,175 | +137% |
| Amounts payable within one year | 42/48 | €222,368 | €214,076 | -€8,292 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €35,024 | €49,871 | +€14,847 | +42.4% |
| Financial debts | 43 | €10,000 | €2,667 | -€7,333 | -73.3% |
| Credit institutions | 430/8 | €10,000 | €2,667 | -€7,333 | -73.3% |
| Trade debts | 44 | €167,496 | €153,534 | -€13,962 | -8.3% |
| Suppliers | 440/4 | €167,496 | €153,534 | -€13,962 | -8.3% |
| Taxes, remuneration and social security | 45 | €1,056 | €8,004 | +€6,947 | +658% |
| Taxes | 450/3 | - | €171 | +€171 | |
| Remuneration and social security | 454/9 | €1,056 | €7,833 | +€6,777 | +642% |
| Other amounts payable | 47/48 | €8,791 | - | -€8,791 | |
| Accrued charges and deferred income | 492/3 | €47,995 | €46,649 | -€1,346 | -2.8% |
| Remuneration, social security and pensions | 62 | €70,632 | €67,406 | -€3,225 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,636 | €87,099 | +€22,464 | +34.8% |
| Other operating charges | 640/8 | €13,902 | €8,620 | -€5,282 | -38.0% |
| Non-recurring operating charges | 66A | €250 | €6 | -€244 | -97.7% |
| Gross operating margin | 9900 | €186,295 | €177,169 | -€9,125 | -4.9% |
| Operating profit (loss) | 9901 | €36,876 | €14,037 | -€22,838 | -61.9% |
| Financial income | 75/76B | €11,715 | €2,235 | -€9,480 | -80.9% |
| Recurring financial income | 75 | €3,081 | €2,088 | -€993 | -32.2% |
| Non-recurring financial income | 76B | €8,635 | €148 | -€8,487 | -98.3% |
| Financial charges | 65/66B | €4,999 | €12,222 | +€7,223 | +144% |
| Recurring financial charges | 65 | €4,999 | €12,222 | +€7,223 | +144% |
| Profit (loss) for the period before taxes | 9903 | €43,592 | €4,050 | -€39,541 | -90.7% |
| Income taxes | 67/77 | €13,944 | €3,829 | -€10,116 | -72.5% |
| Profit (loss) for the period | 9904 | €29,647 | €222 | -€29,426 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,647 | €222 | -€29,426 | -99.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.