BELGIUM SECURITY BRUSSELS: 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.
BELGIUM SECURITY BRUSSELS
Largest movements
- Receivables within one year -€79,363
down €79,363 (-43.4%), from €183,050 to €103,687
of which Trade receivables: -€133,219
- Cash +€13,045
up €13,045 (+179%), from €7,307 to €20,352
mainly Receivables within one year (+€79,363) and Net result for the year (+€13,652)
- Tangible fixed assets +€4,254
new in 2025: €4,254
of which Furniture and vehicles: +€3,078
- Trade debts -€45,133
down €45,133 (-71.0%), from €63,551 to €18,418
- Other debts -€23,659
no longer reported in 2025 (was €23,659)
- Reserves +€10,000
up €10,000 (+538%), from €1,860 to €11,860
of which Distributable reserves: +€10,000
- Tax, wage and social debts -€7,642
down €7,642 (-16.5%), from €46,403 to €38,761
of which Taxes: -€7,894
- Profit (loss) carried forward +€3,652
up €3,652 (+6.7%), from €54,602 to €58,253
- Gross operating margin -€33,127
down €33,127 (-65.4%), from €50,691 to €17,564
- Taxes -€12,837
down €12,837 (-80.3%), from €15,989 to €3,152
- Staff costs +€1,493
no longer reported in 2025 (was -€1,493)
- Financial charges -€1,014
down €1,014 (-68.6%), from €1,478 to €463
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 | €191,076 | €128,293 | -€62,783 | -32.9% |
| Fixed assets | 21/28 | - | €4,254 | +€4,254 | |
| Tangible fixed assets | 22/27 | - | €4,254 | +€4,254 | |
| Plant, machinery and equipment | 23 | - | €1,175 | +€1,175 | |
| Furniture and vehicles | 24 | - | €3,078 | +€3,078 | |
| Current assets | 29/58 | €191,076 | €124,039 | -€67,037 | -35.1% |
| Amounts receivable within one year | 40/41 | €183,050 | €103,687 | -€79,363 | -43.4% |
| Trade receivables | 40 | €183,050 | €49,831 | -€133,219 | -72.8% |
| Other amounts receivable | 41 | - | €53,856 | +€53,856 | |
| Cash at bank and in hand | 54/58 | €7,307 | €20,352 | +€13,045 | +179% |
| Deferred charges and accrued income | 490/1 | €720 | - | -€720 | |
| Total equity and liabilities | 10/49 | €191,076 | €128,293 | -€62,783 | -32.9% |
| Equity | 10/15 | €57,462 | €71,113 | +€13,652 | +23.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €17,600 | €17,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,860 | +€10,000 | +538% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €54,602 | €58,253 | +€3,652 | +6.7% |
| Amounts payable | 17/49 | €133,614 | €57,179 | -€76,435 | -57.2% |
| Amounts payable within one year | 42/48 | €133,614 | €57,179 | -€76,435 | -57.2% |
| Trade debts | 44 | €63,551 | €18,418 | -€45,133 | -71.0% |
| Suppliers | 440/4 | €63,551 | €18,418 | -€45,133 | -71.0% |
| Taxes, remuneration and social security | 45 | €46,403 | €38,761 | -€7,642 | -16.5% |
| Taxes | 450/3 | €46,331 | €38,436 | -€7,894 | -17.0% |
| Remuneration and social security | 454/9 | €72 | €325 | +€252 | +348% |
| Other amounts payable | 47/48 | €23,659 | - | -€23,659 | |
| Remuneration, social security and pensions | 62 | -€1,493 | - | +€1,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €269 | +€269 | |
| Other operating charges | 640/8 | €184 | €28 | -€156 | -84.8% |
| Gross operating margin | 9900 | €50,691 | €17,564 | -€33,127 | -65.4% |
| Operating profit (loss) | 9901 | €52,000 | €17,267 | -€34,733 | -66.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,478 | €463 | -€1,014 | -68.6% |
| Recurring financial charges | 65 | €1,478 | €463 | -€1,014 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €50,523 | €16,804 | -€33,719 | -66.7% |
| Income taxes | 67/77 | €15,989 | €3,152 | -€12,837 | -80.3% |
| Profit (loss) for the period | 9904 | €34,533 | €13,652 | -€20,882 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,533 | €13,652 | -€20,882 | -60.5% |
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 25 October 2026 via checked.be.