Cyber Security Challenge: 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.
Cyber Security Challenge
Largest movements
- Cash -€82,114
down €82,114 (-58.9%), from €139,509 to €57,395
mainly Investment in fixed assets (net) (-€83,500) and Receivables within one year (-€23,709)
- Tangible fixed assets +€76,020
new in 2025: €76,020
- Receivables within one year +€23,709
up €23,709 (+162%), from €14,644 to €38,354
of which Other amounts receivable: +€18,886
- Deferred charges and accrued income -€10,131
down €10,131 (-100%), from €10,131 to €0
- Profit (loss) carried forward +€14,710
up €14,710 (+10.7%), from €136,986 to €151,696
- Trade debts -€7,224
down €7,224 (-26.5%), from €27,298 to €20,074
- Gross operating margin +€16,060
up €16,060 (+245%), from €6,564 to €22,623
- Depreciation +€7,480
new in 2025: €7,480
- Financial charges -€277
down €277 (-38.9%), from €711 to €434
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 | €164,284 | €171,770 | +€7,485 | +4.6% |
| Fixed assets | 21/28 | - | €76,020 | +€76,020 | |
| Tangible fixed assets | 22/27 | - | €76,020 | +€76,020 | |
| Plant, machinery and equipment | 23 | - | €76,020 | +€76,020 | |
| Current assets | 29/58 | €164,284 | €95,749 | -€68,535 | -41.7% |
| Amounts receivable within one year | 40/41 | €14,644 | €38,354 | +€23,709 | +162% |
| Trade receivables | 40 | €2,407 | €7,230 | +€4,823 | +200% |
| Other amounts receivable | 41 | €12,238 | €31,124 | +€18,886 | +154% |
| Cash at bank and in hand | 54/58 | €139,509 | €57,395 | -€82,114 | -58.9% |
| Deferred charges and accrued income | 490/1 | €10,131 | €0 | -€10,131 | -100% |
| Total equity and liabilities | 10/49 | €164,284 | €171,770 | +€7,485 | +4.6% |
| Equity | 10/15 | €136,986 | €151,696 | +€14,710 | +10.7% |
| Profit (loss) carried forward | 14 | €136,986 | €151,696 | +€14,710 | +10.7% |
| Amounts payable | 17/49 | €27,298 | €20,074 | -€7,224 | -26.5% |
| Amounts payable within one year | 42/48 | €27,298 | €20,074 | -€7,224 | -26.5% |
| Trade debts | 44 | €27,298 | €20,074 | -€7,224 | -26.5% |
| Suppliers | 440/4 | €27,298 | €20,074 | -€7,224 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,480 | +€7,480 | |
| Other operating charges | 640/8 | €16 | €10 | -€6 | -37.5% |
| Gross operating margin | 9900 | €6,564 | €22,623 | +€16,060 | +245% |
| Operating profit (loss) | 9901 | €6,548 | €15,134 | +€8,586 | +131% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €711 | €434 | -€277 | -38.9% |
| Recurring financial charges | 65 | €711 | €434 | -€277 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €5,837 | €14,710 | +€8,873 | +152% |
| Profit (loss) for the period | 9904 | €5,837 | €14,710 | +€8,873 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €5,837 | €14,710 | +€8,873 | +152% |
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.