CMA SECURITY CONCEPT: 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.
CMA SECURITY CONCEPT
Largest movements
- Stocks and contracts +€22,044
up €22,044 (+30.0%), from €73,601 to €95,645
- Tangible fixed assets -€21,482
down €21,482 (-42.3%), from €50,747 to €29,265
of which Leasing and similar rights: -€18,132
- Intangible fixed assets -€9,702
down €9,702 (-77.7%), from €12,494 to €2,792
- Receivables within one year +€4,431
up €4,431 (+13.6%), from €32,668 to €37,100
of which Other amounts receivable: +€4,865
- Debts after one year -€12,217
down €12,217 (-38.2%), from €31,968 to €19,750
- Reserves +€10,000
up €10,000 (+13.3%), from €75,000 to €85,000
- Current portion of long-term debt -€2,581
down €2,581 (-13.7%), from €18,786 to €16,205
- Gross operating margin +€10,183
up €10,183 (+23.4%), from €43,433 to €53,616
- Taxes +€2,260
up €2,260 (+147.6%), from €1,531 to €3,791
- Financial income -€1,906
down €1,906 (-64.6%), from €2,949 to €1,043
- Other operating charges -€1,197
down €1,197 (-19.4%), from €6,155 to €4,958
- Financial charges +€1,048
up €1,048 (+37.7%), from €2,776 to €3,823
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 | €180,350 | €175,739 | -€4,611 | -2.6% |
| Fixed assets | 21/28 | €63,641 | €32,457 | -€31,184 | -49.0% |
| Intangible fixed assets | 21 | €12,494 | €2,792 | -€9,702 | -77.7% |
| Tangible fixed assets | 22/27 | €50,747 | €29,265 | -€21,482 | -42.3% |
| Plant, machinery and equipment | 23 | €4,288 | €2,988 | -€1,300 | -30.3% |
| Furniture and vehicles | 24 | €3,036 | €1,136 | -€1,900 | -62.6% |
| Leasing and similar rights | 25 | €42,673 | €24,541 | -€18,132 | -42.5% |
| Other tangible fixed assets | 26 | €750 | €600 | -€150 | -20.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €116,708 | €143,282 | +€26,573 | +22.8% |
| Stocks and contracts in progress | 3 | €73,601 | €95,645 | +€22,044 | +30.0% |
| Stocks | 30/36 | €73,601 | €95,645 | +€22,044 | +30.0% |
| Amounts receivable within one year | 40/41 | €32,668 | €37,100 | +€4,431 | +13.6% |
| Trade receivables | 40 | €28,675 | €28,241 | -€434 | -1.5% |
| Other amounts receivable | 41 | €3,993 | €8,858 | +€4,865 | +121.8% |
| Cash at bank and in hand | 54/58 | €10,320 | €10,195 | -€125 | -1.2% |
| Deferred charges and accrued income | 490/1 | €119 | €342 | +€223 | +186.7% |
| Total equity and liabilities | 10/49 | €180,350 | €175,739 | -€4,611 | -2.6% |
| Equity | 10/15 | €84,081 | €94,711 | +€10,630 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Distributable reserves | 133 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Profit (loss) carried forward | 14 | €2,881 | €3,511 | +€630 | +21.9% |
| Amounts payable | 17/49 | €96,268 | €81,027 | -€15,241 | -15.8% |
| Amounts payable after more than one year | 17 | €31,968 | €19,750 | -€12,217 | -38.2% |
| Financial debts | 170/4 | €31,968 | €19,750 | -€12,217 | -38.2% |
| Amounts payable within one year | 42/48 | €64,301 | €61,277 | -€3,024 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €18,786 | €16,205 | -€2,581 | -13.7% |
| Trade debts | 44 | €7,475 | €5,967 | -€1,507 | -20.2% |
| Suppliers | 440/4 | €4,184 | €5,967 | +€1,784 | +42.6% |
| Bills of exchange payable | 441 | €3,291 | - | -€3,291 | |
| Taxes, remuneration and social security | 45 | €276 | - | -€276 | |
| Taxes | 450/3 | €276 | - | -€276 | |
| Other amounts payable | 47/48 | €37,763 | €39,105 | +€1,342 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,309 | €31,184 | -€125 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €914 | €273 | -€641 | -70.1% |
| Other operating charges | 640/8 | €6,155 | €4,958 | -€1,197 | -19.4% |
| Gross operating margin | 9900 | €43,433 | €53,616 | +€10,183 | +23.4% |
| Operating profit (loss) | 9901 | €5,055 | €17,201 | +€12,146 | +240.3% |
| Financial income | 75/76B | €2,949 | €1,043 | -€1,906 | -64.6% |
| Recurring financial income | 75 | €2,949 | €1,043 | -€1,906 | -64.6% |
| Financial charges | 65/66B | €2,776 | €3,823 | +€1,048 | +37.7% |
| Recurring financial charges | 65 | €2,776 | €3,823 | +€1,048 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €5,228 | €14,421 | +€9,193 | +175.8% |
| Income taxes | 67/77 | €1,531 | €3,791 | +€2,260 | +147.6% |
| Profit (loss) for the period | 9904 | €3,697 | €10,630 | +€6,933 | +187.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,697 | €10,630 | +€6,933 | +187.5% |
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 10 October 2026 via checked.be.