CECURITY BELGIUM: 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.
CECURITY BELGIUM
Largest movements
- Receivables within one year -€216,889
down €216,889 (-44.9%), from €483,094 to €266,205
of which Trade receivables: -€217,065
- Cash +€45,351
up €45,351 (+15.0%), from €301,655 to €347,006
mainly Receivables within one year (+€216,889) and Accrued charges and deferred income (+€22,970)
- Tangible fixed assets -€19,238
down €19,238 (-54.4%), from €35,371 to €16,133
of which Furniture and vehicles: -€20,716
- Trade debts -€117,371
down €117,371 (-71.0%), from €165,329 to €47,958
- Profit (loss) carried forward -€100,814
down €100,814, from €93,129 to -€7,685
- Accrued charges and deferred income +€22,970
up €22,970 (+6.7%), from €341,669 to €364,638
- Gross operating margin -€96,225
down €96,225 (-13.3%), from €723,871 to €627,647
- Staff costs +€22,612
up €22,612 (+3.2%), from €696,622 to €719,233
- Depreciation -€16,802
down €16,802 (-72.5%), from €23,171 to €6,369
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 | €824,886 | €631,474 | -€193,412 | -23.4% |
| Fixed assets | 21/28 | €35,371 | €16,133 | -€19,238 | -54.4% |
| Tangible fixed assets | 22/27 | €35,371 | €16,133 | -€19,238 | -54.4% |
| Plant, machinery and equipment | 23 | €2,043 | €3,521 | +€1,479 | +72.4% |
| Furniture and vehicles | 24 | €33,328 | €12,612 | -€20,716 | -62.2% |
| Current assets | 29/58 | €789,515 | €615,341 | -€174,174 | -22.1% |
| Amounts receivable within one year | 40/41 | €483,094 | €266,205 | -€216,889 | -44.9% |
| Trade receivables | 40 | €483,094 | €266,029 | -€217,065 | -44.9% |
| Other amounts receivable | 41 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €301,655 | €347,006 | +€45,351 | +15.0% |
| Deferred charges and accrued income | 490/1 | €4,766 | €2,131 | -€2,635 | -55.3% |
| Total equity and liabilities | 10/49 | €824,886 | €631,474 | -€193,412 | -23.4% |
| Equity | 10/15 | €287,916 | €187,102 | -€100,814 | -35.0% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Contributions outside capital | 11 | €149,000 | €149,000 | = | 0.0% |
| Other | 1109/19 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €45,787 | €45,787 | = | 0.0% |
| Distributable reserves | 133 | €45,787 | €45,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,129 | -€7,685 | -€100,814 | |
| Amounts payable | 17/49 | €536,970 | €444,372 | -€92,598 | -17.2% |
| Amounts payable within one year | 42/48 | €195,301 | €79,733 | -€115,568 | -59.2% |
| Trade debts | 44 | €165,329 | €47,958 | -€117,371 | -71.0% |
| Suppliers | 440/4 | €165,329 | €47,958 | -€117,371 | -71.0% |
| Taxes, remuneration and social security | 45 | €29,972 | €31,776 | +€1,803 | +6.0% |
| Taxes | 450/3 | €4,545 | €3,444 | -€1,101 | -24.2% |
| Remuneration and social security | 454/9 | €25,427 | €28,332 | +€2,904 | +11.4% |
| Accrued charges and deferred income | 492/3 | €341,669 | €364,638 | +€22,970 | +6.7% |
| Non-recurring operating income | 76A | - | €20,718 | +€20,718 | |
| Remuneration, social security and pensions | 62 | €696,622 | €719,233 | +€22,612 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,171 | €6,369 | -€16,802 | -72.5% |
| Other operating charges | 640/8 | €3,902 | €2,478 | -€1,424 | -36.5% |
| Non-recurring operating charges | 66A | €1,387 | - | -€1,387 | |
| Gross operating margin | 9900 | €723,871 | €627,647 | -€96,225 | -13.3% |
| Operating profit (loss) | 9901 | -€1,210 | -€100,433 | -€99,223 | -8,198% |
| Financial income | 75/76B | €865 | €696 | -€169 | -19.6% |
| Recurring financial income | 75 | €865 | €696 | -€169 | -19.6% |
| Financial charges | 65/66B | €662 | €1,076 | +€414 | +62.6% |
| Recurring financial charges | 65 | €662 | €1,076 | +€414 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,007 | -€100,814 | -€99,806 | -9,906% |
| Income taxes | 67/77 | €3,263 | - | -€3,263 | |
| Profit (loss) for the period | 9904 | -€4,271 | -€100,814 | -€96,543 | -2,260% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,271 | -€100,814 | -€96,543 | -2,260% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.