Defendum Smart 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.
Defendum Smart Security
Largest movements
- Intangible fixed assets -€12,000
down €12,000 (-33.0%), from €36,333 to €24,333
- Receivables within one year -€9,373
down €9,373 (-29.8%), from €31,494 to €22,121
of which Trade receivables: -€4,893
- Deferred charges and accrued income +€1,391
up €1,391 (+850%), from €164 to €1,554
- Tax, wage and social debts -€15,060
no longer reported in 2025 (was €15,060)
- Other debts +€7,214
up €7,214 (+59.5%), from €12,120 to €19,334
- Debts after one year -€7,000
down €7,000 (-46.2%), from €15,167 to €8,167
- Accrued charges and deferred income -€1,896
no longer reported in 2025 (was €1,896)
- Reserves -€1,600
down €1,600 (-21.3%), from €7,500 to €5,900
- Staff costs -€30,925
no longer reported in 2025 (was €30,925)
- Gross operating margin -€30,147
down €30,147 (-63.2%), from €47,694 to €17,547
- Other operating charges +€2,548
up €2,548 (+587%), from €434 to €2,983
- Taxes +€1,959
up €1,959 (+277%), from €707 to €2,665
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 | €67,995 | €48,009 | -€19,986 | -29.4% |
| Fixed assets | 21/28 | €36,333 | €24,333 | -€12,000 | -33.0% |
| Intangible fixed assets | 21 | €36,333 | €24,333 | -€12,000 | -33.0% |
| Current assets | 29/58 | €31,662 | €23,676 | -€7,986 | -25.2% |
| Amounts receivable within one year | 40/41 | €31,494 | €22,121 | -€9,373 | -29.8% |
| Trade receivables | 40 | €24,413 | €19,521 | -€4,893 | -20.0% |
| Other amounts receivable | 41 | €7,080 | €2,600 | -€4,480 | -63.3% |
| Cash at bank and in hand | 54/58 | €4 | €1 | -€4 | -82.2% |
| Deferred charges and accrued income | 490/1 | €164 | €1,554 | +€1,391 | +850% |
| Total equity and liabilities | 10/49 | €67,995 | €48,009 | -€19,986 | -29.4% |
| Equity | 10/15 | €12,781 | €10,928 | -€1,853 | -14.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €5,900 | -€1,600 | -21.3% |
| Distributable reserves | 133 | €7,500 | €5,900 | -€1,600 | -21.3% |
| Profit (loss) carried forward | 14 | €281 | €28 | -€253 | -89.9% |
| Amounts payable | 17/49 | €55,214 | €37,081 | -€18,133 | -32.8% |
| Amounts payable after more than one year | 17 | €15,167 | €8,167 | -€7,000 | -46.2% |
| Financial debts | 170/4 | €15,167 | €8,167 | -€7,000 | -46.2% |
| Amounts payable within one year | 42/48 | €38,151 | €28,914 | -€9,237 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €3,971 | €2,580 | -€1,391 | -35.0% |
| Suppliers | 440/4 | €3,971 | €2,580 | -€1,391 | -35.0% |
| Taxes, remuneration and social security | 45 | €15,060 | - | -€15,060 | |
| Taxes | 450/3 | €15,060 | - | -€15,060 | |
| Other amounts payable | 47/48 | €12,120 | €19,334 | +€7,214 | +59.5% |
| Accrued charges and deferred income | 492/3 | €1,896 | - | -€1,896 | |
| Remuneration, social security and pensions | 62 | €30,925 | - | -€30,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,000 | €12,000 | = | 0.0% |
| Other operating charges | 640/8 | €434 | €2,983 | +€2,548 | +587% |
| Gross operating margin | 9900 | €47,694 | €17,547 | -€30,147 | -63.2% |
| Operating profit (loss) | 9901 | €4,335 | €2,565 | -€1,770 | -40.8% |
| Financial income | 75/76B | €4 | €100 | +€96 | +2,253% |
| Recurring financial income | 75 | €4 | €100 | +€96 | +2,253% |
| Financial charges | 65/66B | €1,898 | €1,852 | -€46 | -2.4% |
| Recurring financial charges | 65 | €1,898 | €1,852 | -€46 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €2,441 | €812 | -€1,628 | -66.7% |
| Income taxes | 67/77 | €707 | €2,665 | +€1,959 | +277% |
| Profit (loss) for the period | 9904 | €1,734 | -€1,853 | -€3,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,734 | -€1,853 | -€3,587 |
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 29 October 2026 via checked.be.