Concept Security: what changed
Concept Security
Largest movements
- Tangible fixed assets +€50,726
new in 2025: €50,726
- Receivables within one year -€38,244
down €38,244 (-25.0%), from €153,014 to €114,770
of which Other amounts receivable: -€28,829
- Cash +€8,858
up €8,858 (+57.4%), from €15,440 to €24,297
mainly Receivables within one year (+€38,244) and Debts after one year (+€30,645)
- Debts after one year +€30,645
new in 2025: €30,645
- Current portion of long-term debt +€13,754
new in 2025: €13,754
- Tax, wage and social debts -€9,490
down €9,490 (-31.0%), from €30,606 to €21,116
of which Remuneration and social security: -€10,749
- Reserves -€8,634
down €8,634 (-11.0%), from €78,756 to €70,122
- Staff costs +€42,683
up €42,683 (+36.6%), from €116,593 to €159,276
- Gross operating margin +€28,497
up €28,497 (+18.1%), from €157,100 to €185,597
- Depreciation +€11,542
up €11,542 (+15,225%), from €76 to €11,618
- Taxes -€9,156
down €9,156 (-78.0%), from €11,736 to €2,581
- Financial charges +€2,163
up €2,163 (+199%), from €1,086 to €3,249
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,746 | €194,565 | +€23,819 | +14.0% |
| Fixed assets | 21/28 | €100 | €50,826 | +€50,726 | +50,726% |
| Tangible fixed assets | 22/27 | - | €50,726 | +€50,726 | |
| Furniture and vehicles | 24 | - | €50,726 | +€50,726 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €170,646 | €143,739 | -€26,906 | -15.8% |
| Stocks and contracts in progress | 3 | €516 | €1,881 | +€1,365 | +265% |
| Stocks | 30/36 | €516 | €1,881 | +€1,365 | +265% |
| Amounts receivable within one year | 40/41 | €153,014 | €114,770 | -€38,244 | -25.0% |
| Trade receivables | 40 | €92,714 | €83,299 | -€9,415 | -10.2% |
| Other amounts receivable | 41 | €60,300 | €31,471 | -€28,829 | -47.8% |
| Cash at bank and in hand | 54/58 | €15,440 | €24,297 | +€8,858 | +57.4% |
| Deferred charges and accrued income | 490/1 | €1,676 | €2,791 | +€1,115 | +66.5% |
| Total equity and liabilities | 10/49 | €170,746 | €194,565 | +€23,819 | +14.0% |
| Equity | 10/15 | €84,953 | €76,320 | -€8,634 | -10.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €78,756 | €70,122 | -€8,634 | -11.0% |
| Distributable reserves | 133 | €78,756 | €70,122 | -€8,634 | -11.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,793 | €118,245 | +€32,453 | +37.8% |
| Amounts payable after more than one year | 17 | - | €30,645 | +€30,645 | |
| Financial debts | 170/4 | - | €30,645 | +€30,645 | |
| Amounts payable within one year | 42/48 | €85,116 | €87,600 | +€2,484 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,754 | +€13,754 | |
| Trade debts | 44 | €54,511 | €52,731 | -€1,780 | -3.3% |
| Suppliers | 440/4 | €54,511 | €52,731 | -€1,780 | -3.3% |
| Taxes, remuneration and social security | 45 | €30,606 | €21,116 | -€9,490 | -31.0% |
| Taxes | 450/3 | €17,257 | €18,516 | +€1,259 | +7.3% |
| Remuneration and social security | 454/9 | €13,349 | €2,600 | -€10,749 | -80.5% |
| Accrued charges and deferred income | 492/3 | €676 | €0 | -€676 | -100.0% |
| Remuneration, social security and pensions | 62 | €116,593 | €159,276 | +€42,683 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €11,618 | +€11,542 | +15,225% |
| Other operating charges | 640/8 | €1,737 | €2,477 | +€740 | +42.6% |
| Gross operating margin | 9900 | €157,100 | €185,597 | +€28,497 | +18.1% |
| Operating profit (loss) | 9901 | €38,694 | €12,226 | -€26,468 | -68.4% |
| Financial income | 75/76B | €260 | €702 | +€443 | +170% |
| Recurring financial income | 75 | €260 | €702 | +€443 | +170% |
| Financial charges | 65/66B | €1,086 | €3,249 | +€2,163 | +199% |
| Recurring financial charges | 65 | €1,086 | €3,249 | +€2,163 | +199% |
| Profit (loss) for the period before taxes | 9903 | €37,867 | €9,679 | -€28,188 | -74.4% |
| Income taxes | 67/77 | €11,736 | €2,581 | -€9,156 | -78.0% |
| Profit (loss) for the period | 9904 | €26,131 | €7,099 | -€19,033 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,131 | €7,099 | -€19,033 | -72.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.