BELGUARD 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.
BELGUARD SECURITY
Largest movements
- Receivables within one year +€68,765
new in 2025: €68,765
- Cash +€16,524
up €16,524 (+13815.0%), from €120 to €16,644
mainly Net result for the year (+€50,908) and Tax, wage and social debts (+€29,142)
- Profit (loss) carried forward +€50,908
up €50,908, from -€2,132 to €48,776
- Tax, wage and social debts +€29,142
new in 2025: €29,142
- Trade debts +€3,514
new in 2025: €3,514
- Other debts +€1,725
up €1,725 (+76.6%), from €2,252 to €3,977
- Gross operating margin +€66,324
up €66,324, from -€1,993 to €64,331
- Taxes +€12,194
new in 2025: €12,194
- Other operating charges +€1,036
new in 2025: €1,036
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 | €120 | €85,409 | +€85,289 | +71305.8% |
| Current assets | 29/58 | €120 | €85,409 | +€85,289 | +71305.8% |
| Amounts receivable within one year | 40/41 | - | €68,765 | +€68,765 | |
| Trade receivables | 40 | - | €68,765 | +€68,765 | |
| Cash at bank and in hand | 54/58 | €120 | €16,644 | +€16,524 | +13815.0% |
| Total equity and liabilities | 10/49 | €120 | €85,409 | +€85,289 | +71305.8% |
| Equity | 10/15 | -€2,132 | €48,776 | +€50,908 | |
| Profit (loss) carried forward | 14 | -€2,132 | €48,776 | +€50,908 | |
| Amounts payable | 17/49 | €2,252 | €36,632 | +€34,381 | +1526.7% |
| Amounts payable within one year | 42/48 | €2,252 | €36,632 | +€34,381 | +1526.7% |
| Trade debts | 44 | - | €3,514 | +€3,514 | |
| Suppliers | 440/4 | - | €3,514 | +€3,514 | |
| Taxes, remuneration and social security | 45 | - | €29,142 | +€29,142 | |
| Taxes | 450/3 | - | €29,142 | +€29,142 | |
| Other amounts payable | 47/48 | €2,252 | €3,977 | +€1,725 | +76.6% |
| Other operating charges | 640/8 | - | €1,036 | +€1,036 | |
| Gross operating margin | 9900 | -€1,993 | €64,331 | +€66,324 | |
| Operating profit (loss) | 9901 | -€1,993 | €63,295 | +€65,288 | |
| Financial charges | 65/66B | €140 | €192 | +€53 | +37.8% |
| Recurring financial charges | 65 | €140 | €192 | +€53 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,132 | €63,102 | +€65,235 | |
| Income taxes | 67/77 | - | €12,194 | +€12,194 | |
| Profit (loss) for the period | 9904 | -€2,132 | €50,908 | +€53,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,132 | €50,908 | +€53,041 |
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 9 October 2026 via checked.be.