D&I 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&I Security
Largest movements
- Current investments +€45,071
new in 2025: €45,071
- Receivables within one year +€41,798
up €41,798 (+183%), from €22,810 to €64,608
of which Trade receivables: +€31,537
- Tangible fixed assets -€22,377
down €22,377 (-7.9%), from €281,946 to €259,569
of which Land and buildings: -€21,557
- Other debts +€200,484
up €200,484 (+217%), from €92,555 to €293,038
- Debts after one year -€125,806
down €125,806 (-24.3%), from €518,190 to €392,383
- Reserves -€89,491
down €89,491 (-17.4%), from €514,068 to €424,577
of which Distributable reserves: -€89,491
- Current portion of long-term debt +€69,770
up €69,770 (+125%), from €56,037 to €125,806
- Gross operating margin +€54,697
up €54,697 (+40.1%), from €136,356 to €191,054
- Taxes +€13,572
up €13,572 (+77.9%), from €17,421 to €30,993
- Financial charges -€1,971
down €1,971 (-7.9%), from €24,931 to €22,960
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 | €1,212,963 | €1,279,793 | +€66,830 | +5.5% |
| Fixed assets | 21/28 | €1,171,946 | €1,149,569 | -€22,377 | -1.9% |
| Tangible fixed assets | 22/27 | €281,946 | €259,569 | -€22,377 | -7.9% |
| Land and buildings | 22 | €280,338 | €258,780 | -€21,557 | -7.7% |
| Furniture and vehicles | 24 | €1,609 | €789 | -€820 | -51.0% |
| Financial fixed assets | 28 | €890,000 | €890,000 | = | 0.0% |
| Current assets | 29/58 | €41,016 | €130,224 | +€89,207 | +217% |
| Amounts receivable within one year | 40/41 | €22,810 | €64,608 | +€41,798 | +183% |
| Trade receivables | 40 | €15,000 | €46,537 | +€31,537 | +210% |
| Other amounts receivable | 41 | €7,810 | €18,071 | +€10,261 | +131% |
| Current investments | 50/53 | - | €45,071 | +€45,071 | |
| Cash at bank and in hand | 54/58 | €15,164 | €17,352 | +€2,188 | +14.4% |
| Deferred charges and accrued income | 490/1 | €3,043 | €3,193 | +€150 | +4.9% |
| Total equity and liabilities | 10/49 | €1,212,963 | €1,279,793 | +€66,830 | +5.5% |
| Equity | 10/15 | €532,668 | €443,177 | -€89,491 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €514,068 | €424,577 | -€89,491 | -17.4% |
| Tax-exempt reserves | 132 | €40,005 | €40,005 | = | 0.0% |
| Distributable reserves | 133 | €474,062 | €384,571 | -€89,491 | -18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €680,295 | €836,616 | +€156,321 | +23.0% |
| Amounts payable after more than one year | 17 | €518,190 | €392,383 | -€125,806 | -24.3% |
| Financial debts | 170/4 | €518,190 | €392,383 | -€125,806 | -24.3% |
| Amounts payable within one year | 42/48 | €150,189 | €432,317 | +€282,128 | +188% |
| Current portion of amounts payable after more than one year | 42 | €56,037 | €125,806 | +€69,770 | +125% |
| Financial debts | 43 | - | €8,401 | +€8,401 | |
| Credit institutions | 430/8 | - | €8,401 | +€8,401 | |
| Trade debts | 44 | €725 | €777 | +€52 | +7.2% |
| Suppliers | 440/4 | €725 | €777 | +€52 | +7.2% |
| Taxes, remuneration and social security | 45 | €873 | €4,294 | +€3,421 | +392% |
| Taxes | 450/3 | €873 | €975 | +€102 | +11.7% |
| Remuneration and social security | 454/9 | - | €3,319 | +€3,319 | |
| Other amounts payable | 47/48 | €92,555 | €293,038 | +€200,484 | +217% |
| Accrued charges and deferred income | 492/3 | €11,916 | €11,916 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,371 | €22,377 | +€6 | 0.0% |
| Other operating charges | 640/8 | €4,515 | €4,656 | +€141 | +3.1% |
| Gross operating margin | 9900 | €136,356 | €191,054 | +€54,697 | +40.1% |
| Operating profit (loss) | 9901 | €109,470 | €164,021 | +€54,551 | +49.8% |
| Financial income | 75/76B | - | €441 | +€441 | |
| Recurring financial income | 75 | - | €441 | +€441 | |
| Financial charges | 65/66B | €24,931 | €22,960 | -€1,971 | -7.9% |
| Recurring financial charges | 65 | €24,931 | €22,960 | -€1,971 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €84,539 | €141,502 | +€56,963 | +67.4% |
| Income taxes | 67/77 | €17,421 | €30,993 | +€13,572 | +77.9% |
| Profit (loss) for the period | 9904 | €67,118 | €110,509 | +€43,391 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,118 | €110,509 | +€43,391 | +64.6% |
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 27 October 2026 via checked.be.