D.A. SECURITY: 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.
D.A. SECURITY
Largest movements
- Receivables within one year +€274,095
up €274,095 (+468%), from €58,608 to €332,703
of which Trade receivables: +€205,558
- Tangible fixed assets +€34,987
up €34,987 (+3,124%), from €1,120 to €36,107
of which Land and buildings: +€22,461
- Cash -€6,690
down €6,690 (-99.6%), from €6,716 to €26
mainly Receivables within one year (-€274,095) and Investment in fixed assets (net) (-€37,256)
- Deferred charges and accrued income +€4,151
up €4,151 (+930%), from €446 to €4,598
- Trade debts +€161,699
up €161,699 (+1,468%), from €11,018 to €172,717
of which Suppliers: +€160,230
- Profit (loss) carried forward +€98,561
up €98,561 (+434%), from €22,691 to €121,252
- Tax, wage and social debts +€40,285
up €40,285 (+129%), from €31,263 to €71,548
of which Taxes: +€48,449
- Advances received +€5,831
new in 2025: €5,831
- Gross operating margin +€159,529
up €159,529 (+415%), from €38,460 to €197,989
- Staff costs +€43,498
up €43,498 (+2,260%), from €1,925 to €45,422
- Taxes +€31,983
up €31,983 (+341%), from €9,391 to €41,374
- Financial charges +€2,892
up €2,892 (+199%), from €1,456 to €4,348
- Financial income +€1,997
up €1,997 (+302%), from €662 to €2,660
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 | €68,473 | €374,349 | +€305,876 | +447% |
| Formation expenses | 20 | €101 | - | -€101 | |
| Fixed assets | 21/28 | €2,602 | €37,022 | +€34,420 | +1,323% |
| Intangible fixed assets | 21 | €1,482 | €915 | -€567 | -38.2% |
| Tangible fixed assets | 22/27 | €1,120 | €36,107 | +€34,987 | +3,124% |
| Land and buildings | 22 | - | €22,461 | +€22,461 | |
| Plant, machinery and equipment | 23 | €1,120 | €6,014 | +€4,894 | +437% |
| Furniture and vehicles | 24 | - | €7,632 | +€7,632 | |
| Current assets | 29/58 | €65,770 | €337,327 | +€271,557 | +413% |
| Amounts receivable within one year | 40/41 | €58,608 | €332,703 | +€274,095 | +468% |
| Trade receivables | 40 | €48,329 | €253,886 | +€205,558 | +425% |
| Other amounts receivable | 41 | €10,279 | €78,817 | +€68,538 | +667% |
| Cash at bank and in hand | 54/58 | €6,716 | €26 | -€6,690 | -99.6% |
| Deferred charges and accrued income | 490/1 | €446 | €4,598 | +€4,151 | +930% |
| Total equity and liabilities | 10/49 | €68,473 | €374,349 | +€305,876 | +447% |
| Equity | 10/15 | €25,691 | €124,252 | +€98,561 | +384% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,691 | €121,252 | +€98,561 | +434% |
| Amounts payable | 17/49 | €42,781 | €250,097 | +€207,315 | +485% |
| Amounts payable within one year | 42/48 | €42,281 | €250,097 | +€207,815 | +492% |
| Trade debts | 44 | €11,018 | €172,717 | +€161,699 | +1,468% |
| Suppliers | 440/4 | €11,018 | €171,248 | +€160,230 | +1,454% |
| Bills of exchange payable | 441 | - | €1,469 | +€1,469 | |
| Advances received on contracts in progress | 46 | - | €5,831 | +€5,831 | |
| Taxes, remuneration and social security | 45 | €31,263 | €71,548 | +€40,285 | +129% |
| Taxes | 450/3 | €13,263 | €61,713 | +€48,449 | +365% |
| Remuneration and social security | 454/9 | €18,000 | €9,836 | -€8,164 | -45.4% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €1,925 | €45,422 | +€43,498 | +2,260% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,401 | €2,936 | +€535 | +22.3% |
| Other operating charges | 640/8 | €1,258 | €742 | -€516 | -41.0% |
| Non-recurring operating charges | 66A | - | €7,265 | +€7,265 | |
| Gross operating margin | 9900 | €38,460 | €197,989 | +€159,529 | +415% |
| Operating profit (loss) | 9901 | €32,876 | €141,623 | +€108,747 | +331% |
| Financial income | 75/76B | €662 | €2,660 | +€1,997 | +302% |
| Recurring financial income | 75 | €662 | €2,660 | +€1,997 | +302% |
| Financial charges | 65/66B | €1,456 | €4,348 | +€2,892 | +199% |
| Recurring financial charges | 65 | €1,456 | €4,348 | +€2,892 | +199% |
| Profit (loss) for the period before taxes | 9903 | €32,082 | €139,935 | +€107,853 | +336% |
| Income taxes | 67/77 | €9,391 | €41,374 | +€31,983 | +341% |
| Profit (loss) for the period | 9904 | €22,691 | €98,561 | +€75,870 | +334% |
| Profit (loss) for the period to be appropriated | 9905 | €22,691 | €98,561 | +€75,870 | +334% |
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 15 October 2026 via checked.be.