BELGIUM SECURITY SYSTEMS: 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 SYSTEMS
Largest movements
- Receivables within one year -€534,632
down €534,632 (-89.8%), from €595,529 to €60,897
of which Trade receivables: -€431,278
- Cash +€296,546
up €296,546 (+116%), from €255,718 to €552,264
mainly Receivables within one year (+€534,632) and Net result for the year (+€259,671)
- Stocks and contracts -€21,555
down €21,555 (-100%), from €21,555 to €0
- Trade debts -€298,969
down €298,969 (-98.2%), from €304,316 to €5,347
- Reserves +€69,671
up €69,671 (+20.7%), from €336,961 to €406,632
- Tax, wage and social debts -€20,027
down €20,027 (-89.7%), from €22,316 to €2,289
- Other debts -€10,000
down €10,000 (-5.0%), from €200,139 to €190,139
- Gross operating margin -€40,065
down €40,065 (-12.1%), from €331,303 to €291,238
- Taxes -€8,310
down €8,310 (-26.7%), from €31,092 to €22,782
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,332 | €623,006 | -€259,326 | -29.4% |
| Fixed assets | 21/28 | €9,530 | €9,846 | +€316 | +3.3% |
| Tangible fixed assets | 22/27 | €9,530 | €9,846 | +€316 | +3.3% |
| Plant, machinery and equipment | 23 | €9,530 | €1,447 | -€8,083 | -84.8% |
| Other tangible fixed assets | 26 | - | €8,399 | +€8,399 | |
| Current assets | 29/58 | €872,802 | €613,160 | -€259,641 | -29.7% |
| Stocks and contracts in progress | 3 | €21,555 | €0 | -€21,555 | -100% |
| Stocks | 30/36 | €21,555 | €0 | -€21,555 | -100% |
| Amounts receivable within one year | 40/41 | €595,529 | €60,897 | -€534,632 | -89.8% |
| Trade receivables | 40 | €471,525 | €40,246 | -€431,278 | -91.5% |
| Other amounts receivable | 41 | €124,004 | €20,650 | -€103,354 | -83.3% |
| Cash at bank and in hand | 54/58 | €255,718 | €552,264 | +€296,546 | +116% |
| Total equity and liabilities | 10/49 | €882,332 | €623,006 | -€259,326 | -29.4% |
| Equity | 10/15 | €355,561 | €425,232 | +€69,671 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €336,961 | €406,632 | +€69,671 | +20.7% |
| Distributable reserves | 133 | €336,961 | €406,632 | +€69,671 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €526,771 | €197,774 | -€328,997 | -62.5% |
| Amounts payable within one year | 42/48 | €526,771 | €197,774 | -€328,997 | -62.5% |
| Trade debts | 44 | €304,316 | €5,347 | -€298,969 | -98.2% |
| Suppliers | 440/4 | €304,316 | €5,347 | -€298,969 | -98.2% |
| Taxes, remuneration and social security | 45 | €22,316 | €2,289 | -€20,027 | -89.7% |
| Taxes | 450/3 | €22,316 | €2,289 | -€20,027 | -89.7% |
| Other amounts payable | 47/48 | €200,139 | €190,139 | -€10,000 | -5.0% |
| Non-recurring operating income | 76A | €4,320 | €0 | -€4,320 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,806 | €8,684 | -€121 | -1.4% |
| Other operating charges | 640/8 | €711 | €732 | +€20 | +2.9% |
| Gross operating margin | 9900 | €331,303 | €291,238 | -€40,065 | -12.1% |
| Operating profit (loss) | 9901 | €321,786 | €281,822 | -€39,964 | -12.4% |
| Financial income | 75/76B | €2,439 | €1,892 | -€547 | -22.4% |
| Recurring financial income | 75 | €2,439 | €1,892 | -€547 | -22.4% |
| Financial charges | 65/66B | €829 | €1,261 | +€432 | +52.1% |
| Recurring financial charges | 65 | €829 | €1,261 | +€432 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €323,396 | €282,453 | -€40,943 | -12.7% |
| Income taxes | 67/77 | €31,092 | €22,782 | -€8,310 | -26.7% |
| Profit (loss) for the period | 9904 | €292,303 | €259,671 | -€32,632 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €292,303 | €259,671 | -€32,632 | -11.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.