BE SECURE: 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.
BE SECURE
Largest movements
- Receivables within one year -€93,148
down €93,148 (-58.7%), from €158,787 to €65,639
of which Trade receivables: -€92,624
- Cash -€14,541
down €14,541 (-50.5%), from €28,808 to €14,267
mainly Trade debts (-€67,234) and Short-term financial debts (-€49,647)
- Deferred charges and accrued income +€6,857
up €6,857 (+106%), from €6,445 to €13,302
- Stocks and contracts +€3,550
up €3,550 (+9.2%), from €38,726 to €42,276
- Tangible fixed assets -€3,079
down €3,079 (-29.5%), from €10,448 to €7,369
of which Furniture and vehicles: -€1,839
- Trade debts -€67,234
down €67,234 (-48.7%), from €138,198 to €70,964
- Short-term financial debts -€49,647
down €49,647 (-47.6%), from €104,238 to €54,591
of which Credit institutions: -€49,647
- Profit (loss) carried forward +€43,276
up €43,276 (+73.0%), from -€59,290 to -€16,015
- Accrued charges and deferred income -€27,374
down €27,374 (-100%), from €27,374 to €0
- Tax, wage and social debts +€10,796
up €10,796 (+146%), from €7,411 to €18,207
of which Remuneration and social security: +€10,835
- Gross operating margin +€108,410
up €108,410 (+764%), from €14,185 to €122,595
- Staff costs +€36,781
up €36,781 (+106%), from €34,809 to €71,591
- Financial charges -€5,384
down €5,384 (-57.3%), from €9,403 to €4,019
- Depreciation -€1,427
down €1,427 (-31.7%), from €4,506 to €3,079
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 | €249,343 | €148,983 | -€100,360 | -40.2% |
| Fixed assets | 21/28 | €16,578 | €13,499 | -€3,079 | -18.6% |
| Tangible fixed assets | 22/27 | €10,448 | €7,369 | -€3,079 | -29.5% |
| Land and buildings | 22 | €1,678 | €1,468 | -€211 | -12.5% |
| Plant, machinery and equipment | 23 | €5,710 | €4,681 | -€1,029 | -18.0% |
| Furniture and vehicles | 24 | €3,060 | €1,220 | -€1,839 | -60.1% |
| Financial fixed assets | 28 | €6,130 | €6,130 | = | 0.0% |
| Current assets | 29/58 | €232,765 | €135,484 | -€97,281 | -41.8% |
| Stocks and contracts in progress | 3 | €38,726 | €42,276 | +€3,550 | +9.2% |
| Stocks | 30/36 | €38,726 | €42,276 | +€3,550 | +9.2% |
| Amounts receivable within one year | 40/41 | €158,787 | €65,639 | -€93,148 | -58.7% |
| Trade receivables | 40 | €144,995 | €52,371 | -€92,624 | -63.9% |
| Other amounts receivable | 41 | €13,792 | €13,269 | -€523 | -3.8% |
| Cash at bank and in hand | 54/58 | €28,808 | €14,267 | -€14,541 | -50.5% |
| Deferred charges and accrued income | 490/1 | €6,445 | €13,302 | +€6,857 | +106% |
| Total equity and liabilities | 10/49 | €249,343 | €148,983 | -€100,360 | -40.2% |
| Equity | 10/15 | -€38,885 | €4,390 | +€43,276 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,290 | -€16,015 | +€43,276 | +73.0% |
| Amounts payable | 17/49 | €288,229 | €144,593 | -€143,635 | -49.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €260,854 | €144,593 | -€116,261 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €9,368 | €0 | -€9,368 | -100% |
| Financial debts | 43 | €104,238 | €54,591 | -€49,647 | -47.6% |
| Credit institutions | 430/8 | €104,238 | €54,591 | -€49,647 | -47.6% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €138,198 | €70,964 | -€67,234 | -48.7% |
| Suppliers | 440/4 | €138,198 | €70,964 | -€67,234 | -48.7% |
| Advances received on contracts in progress | 46 | €853 | €0 | -€853 | -100% |
| Taxes, remuneration and social security | 45 | €7,411 | €18,207 | +€10,796 | +146% |
| Taxes | 450/3 | €80 | €40 | -€39 | -49.5% |
| Remuneration and social security | 454/9 | €7,331 | €18,166 | +€10,835 | +148% |
| Other amounts payable | 47/48 | €787 | €832 | +€45 | +5.8% |
| Accrued charges and deferred income | 492/3 | €27,374 | €0 | -€27,374 | -100% |
| Non-recurring operating income | 76A | €0 | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €34,809 | €71,591 | +€36,781 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,506 | €3,079 | -€1,427 | -31.7% |
| Other operating charges | 640/8 | €976 | €881 | -€95 | -9.7% |
| Non-recurring operating charges | 66A | €26,867 | €0 | -€26,867 | -100% |
| Gross operating margin | 9900 | €14,185 | €122,595 | +€108,410 | +764% |
| Operating profit (loss) | 9901 | -€52,973 | €47,044 | +€100,017 | |
| Financial income | 75/76B | €179 | €250 | +€71 | +39.4% |
| Recurring financial income | 75 | €179 | €250 | +€71 | +39.4% |
| Financial charges | 65/66B | €9,403 | €4,019 | -€5,384 | -57.3% |
| Recurring financial charges | 65 | €9,403 | €4,019 | -€5,384 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | -€62,197 | €43,276 | +€105,472 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€62,197 | €43,276 | +€105,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,197 | €43,276 | +€105,472 |
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 22 October 2026 via checked.be.