BE-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.
BE-SECURITY
Largest movements
- Receivables within one year -€40,629
down €40,629 (-82.4%), from €49,316 to €8,687
of which Trade receivables: -€28,061
- Tangible fixed assets -€4,915
down €4,915 (-24.5%), from €20,093 to €15,178
of which Furniture and vehicles: -€4,372
- Cash -€1,610
down €1,610 (-30.1%), from €5,349 to €3,739
mainly Other debts (-€20,239) and Tax, wage and social debts (-€17,002)
- Other debts -€20,239
down €20,239 (-56.2%), from €35,998 to €15,758
- Tax, wage and social debts -€17,002
down €17,002 (-83.5%), from €20,368 to €3,366
- Profit (loss) carried forward -€7,612
down €7,612 (-18.6%), from -€40,870 to -€48,482
- Accrued charges and deferred income -€6,553
no longer reported in 2025 (was €6,553)
- Trade debts +€6,252
up €6,252 (+79.3%), from €7,882 to €14,135
- Gross operating margin +€21,894
up €21,894, from -€15,860 to €6,035
- Depreciation +€2,415
up €2,415 (+96.6%), from €2,500 to €4,915
- Financial charges +€1,615
up €1,615 (+36.1%), from €4,471 to €6,086
- Other operating charges -€676
down €676 (-24.5%), from €2,761 to €2,085
- Financial income -€221
down €221 (-95.7%), from €231 to €10
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 | €98,531 | €51,377 | -€47,154 | -47.9% |
| Fixed assets | 21/28 | €20,093 | €15,178 | -€4,915 | -24.5% |
| Tangible fixed assets | 22/27 | €20,093 | €15,178 | -€4,915 | -24.5% |
| Plant, machinery and equipment | 23 | €909 | €366 | -€543 | -59.7% |
| Furniture and vehicles | 24 | €19,184 | €14,812 | -€4,372 | -22.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €78,438 | €36,199 | -€42,240 | -53.9% |
| Stocks and contracts in progress | 3 | €23,773 | €23,773 | = | 0.0% |
| Stocks | 30/36 | €23,773 | €23,773 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,316 | €8,687 | -€40,629 | -82.4% |
| Trade receivables | 40 | €34,842 | €6,782 | -€28,061 | -80.5% |
| Other amounts receivable | 41 | €14,474 | €1,905 | -€12,569 | -86.8% |
| Cash at bank and in hand | 54/58 | €5,349 | €3,739 | -€1,610 | -30.1% |
| Total equity and liabilities | 10/49 | €98,531 | €51,377 | -€47,154 | -47.9% |
| Equity | 10/15 | -€22,270 | -€29,882 | -€7,612 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,870 | -€48,482 | -€7,612 | -18.6% |
| Amounts payable | 17/49 | €120,802 | €81,259 | -€39,542 | -32.7% |
| Amounts payable within one year | 42/48 | €114,249 | €81,259 | -€32,990 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €48,000 | -€2,000 | -4.0% |
| Trade debts | 44 | €7,882 | €14,135 | +€6,252 | +79.3% |
| Suppliers | 440/4 | €7,882 | €14,135 | +€6,252 | +79.3% |
| Taxes, remuneration and social security | 45 | €20,368 | €3,366 | -€17,002 | -83.5% |
| Taxes | 450/3 | €20,368 | €3,366 | -€17,002 | -83.5% |
| Other amounts payable | 47/48 | €35,998 | €15,758 | -€20,239 | -56.2% |
| Accrued charges and deferred income | 492/3 | €6,553 | - | -€6,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €4,915 | +€2,415 | +96.6% |
| Other operating charges | 640/8 | €2,761 | €2,085 | -€676 | -24.5% |
| Gross operating margin | 9900 | -€15,860 | €6,035 | +€21,894 | |
| Operating profit (loss) | 9901 | -€21,121 | -€965 | +€20,156 | +95.4% |
| Financial income | 75/76B | €231 | €10 | -€221 | -95.7% |
| Recurring financial income | 75 | €231 | €10 | -€221 | -95.7% |
| Financial charges | 65/66B | €4,471 | €6,086 | +€1,615 | +36.1% |
| Recurring financial charges | 65 | €4,471 | €6,086 | +€1,615 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,361 | -€7,041 | +€18,319 | +72.2% |
| Income taxes | 67/77 | €573 | €570 | -€3 | -0.5% |
| Profit (loss) for the period | 9904 | -€25,934 | -€7,612 | +€18,322 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,934 | -€7,612 | +€18,322 | +70.7% |
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 8 October 2026 via checked.be.