CYBERSEC SOLUTIONS: 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.
CYBERSEC SOLUTIONS
Largest movements
- Receivables within one year +€19,589
up €19,589 (+316%), from €6,196 to €25,784
of which Trade receivables: +€19,220
- Other debts +€32,821
new in 2025: €32,821
- Debts after one year -€24,736
down €24,736 (-6.3%), from €395,138 to €370,401
- Tax, wage and social debts +€11,345
up €11,345 (+114%), from €9,911 to €21,256
- Reserves -€7,708
down €7,708 (-4.9%), from €155,883 to €148,175
- Gross operating margin +€29,179
up €29,179 (+33.2%), from €87,937 to €117,116
- Taxes +€9,966
up €9,966 (+82.8%), from €12,038 to €22,004
- Other operating charges +€4,009
up €4,009 (+1,029%), from €390 to €4,399
- Financial charges -€3,205
down €3,205 (-15.1%), from €21,221 to €18,016
of which Non-recurring financial charges: -€3,689
- Depreciation +€2,314
up €2,314 (+12.6%), from €18,413 to €20,727
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 | €588,710 | €600,441 | +€11,731 | +2.0% |
| Fixed assets | 21/28 | €500,582 | €494,832 | -€5,750 | -1.1% |
| Tangible fixed assets | 22/27 | €500,582 | €494,832 | -€5,750 | -1.1% |
| Land and buildings | 22 | €486,673 | €472,966 | -€13,707 | -2.8% |
| Plant, machinery and equipment | 23 | €7,869 | €7,994 | +€125 | +1.6% |
| Furniture and vehicles | 24 | €6,040 | €13,872 | +€7,832 | +130% |
| Current assets | 29/58 | €88,128 | €105,609 | +€17,481 | +19.8% |
| Amounts receivable within one year | 40/41 | €6,196 | €25,784 | +€19,589 | +316% |
| Trade receivables | 40 | - | €19,220 | +€19,220 | |
| Other amounts receivable | 41 | €6,196 | €6,564 | +€369 | +6.0% |
| Cash at bank and in hand | 54/58 | €80,404 | €75,857 | -€4,547 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,529 | €3,968 | +€2,440 | +160% |
| Total equity and liabilities | 10/49 | €588,710 | €600,441 | +€11,731 | +2.0% |
| Equity | 10/15 | €154,540 | €148,675 | -€5,864 | -3.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €155,883 | €148,175 | -€7,708 | -4.9% |
| Distributable reserves | 133 | €155,883 | €148,175 | -€7,708 | -4.9% |
| Profit (loss) carried forward | 14 | -€1,843 | - | +€1,843 | |
| Amounts payable | 17/49 | €434,171 | €451,766 | +€17,595 | +4.1% |
| Amounts payable after more than one year | 17 | €395,138 | €370,401 | -€24,736 | -6.3% |
| Financial debts | 170/4 | €395,138 | €370,401 | -€24,736 | -6.3% |
| Amounts payable within one year | 42/48 | €39,033 | €81,365 | +€42,331 | +108% |
| Current portion of amounts payable after more than one year | 42 | €22,380 | €24,736 | +€2,356 | +10.5% |
| Trade debts | 44 | €6,742 | €2,551 | -€4,191 | -62.2% |
| Suppliers | 440/4 | €6,742 | €2,551 | -€4,191 | -62.2% |
| Taxes, remuneration and social security | 45 | €9,911 | €21,256 | +€11,345 | +114% |
| Taxes | 450/3 | €9,911 | €21,256 | +€11,345 | +114% |
| Other amounts payable | 47/48 | - | €32,821 | +€32,821 | |
| Non-recurring operating income | 76A | €1,773 | €3,430 | +€1,656 | +93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,413 | €20,727 | +€2,314 | +12.6% |
| Other operating charges | 640/8 | €390 | €4,399 | +€4,009 | +1,029% |
| Gross operating margin | 9900 | €87,937 | €117,116 | +€29,179 | +33.2% |
| Operating profit (loss) | 9901 | €69,135 | €91,991 | +€22,856 | +33.1% |
| Financial income | 75/76B | €187 | €222 | +€35 | +18.5% |
| Recurring financial income | 75 | €187 | €222 | +€35 | +18.5% |
| Financial charges | 65/66B | €21,221 | €18,016 | -€3,205 | -15.1% |
| Recurring financial charges | 65 | €17,532 | €18,016 | +€484 | +2.8% |
| Non-recurring financial charges | 66B | €3,689 | - | -€3,689 | |
| Profit (loss) for the period before taxes | 9903 | €48,101 | €74,197 | +€26,096 | +54.3% |
| Income taxes | 67/77 | €12,038 | €22,004 | +€9,966 | +82.8% |
| Profit (loss) for the period | 9904 | €36,063 | €52,193 | +€16,130 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,063 | €52,193 | +€16,130 | +44.7% |
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 20 October 2026 via checked.be.