F4SEC SECURITY GROUP: what changed
Two fiscal 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.
F4SEC SECURITY GROUP
Largest movements
- Tangible fixed assets -€38,424
down €38,424 (-14.4%), from €265,997 to €227,573
of which Furniture and vehicles: -€21,753
- Debts after one year -€17,995
down €17,995 (-9.2%), from €196,342 to €178,348
- Profit (loss) carried forward -€10,910
down €10,910, from €10,431 to -€478
- Other debts -€10,033
down €10,033 (-5.8%), from €173,273 to €163,240
- Financial charges +€10,732
up €10,732 (+141.1%), from €7,608 to €18,340
- Gross operating margin +€1,619
up €1,619 (+3.4%), from €47,126 to €48,746
- Depreciation +€488
up €488 (+1.3%), from €37,936 to €38,424
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.
Cash bridge derived
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 | €403,654 | €365,827 | -€37,827 | -9.4% |
| Fixed assets | 21/28 | €265,997 | €227,573 | -€38,424 | -14.4% |
| Tangible fixed assets | 22/27 | €265,997 | €227,573 | -€38,424 | -14.4% |
| Land and buildings | 22 | €206,532 | €190,333 | -€16,198 | -7.8% |
| Plant, machinery and equipment | 23 | €1,098 | €626 | -€472 | -43.0% |
| Furniture and vehicles | 24 | €58,367 | €36,614 | -€21,753 | -37.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €137,657 | €138,254 | +€596 | +0.4% |
| Amounts receivable after more than one year | 29 | €98,000 | €98,000 | = | 0.0% |
| Other amounts receivable | 291 | €98,000 | €98,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,451 | €38,894 | +€444 | +1.2% |
| Trade receivables | 40 | €37,747 | €38,000 | +€253 | +0.7% |
| Other amounts receivable | 41 | €704 | €894 | +€190 | +27.1% |
| Cash at bank and in hand | 54/58 | €476 | €191 | -€286 | -60.0% |
| Deferred charges and accrued income | 490/1 | €731 | €1,169 | +€439 | +60.0% |
| Total equity and liabilities | 10/49 | €403,654 | €365,827 | -€37,827 | -9.4% |
| Equity | 10/15 | €16,631 | €5,722 | -€10,910 | -65.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,431 | -€478 | -€10,910 | |
| Amounts payable | 17/49 | €387,023 | €360,105 | -€26,918 | -7.0% |
| Amounts payable after more than one year | 17 | €196,342 | €178,348 | -€17,995 | -9.2% |
| Financial debts | 170/4 | €196,342 | €178,348 | -€17,995 | -9.2% |
| Amounts payable within one year | 42/48 | €190,681 | €181,758 | -€8,923 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €17,283 | €17,995 | +€711 | +4.1% |
| Trade debts | 44 | €31 | €416 | +€386 | +1253.2% |
| Suppliers | 440/4 | €31 | €416 | +€386 | +1253.2% |
| Taxes, remuneration and social security | 45 | €93 | €107 | +€13 | +14.1% |
| Taxes | 450/3 | €93 | €107 | +€13 | +14.1% |
| Other amounts payable | 47/48 | €173,273 | €163,240 | -€10,033 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,936 | €38,424 | +€488 | +1.3% |
| Other operating charges | 640/8 | €6,001 | €5,661 | -€340 | -5.7% |
| Gross operating margin | 9900 | €47,126 | €48,746 | +€1,619 | +3.4% |
| Operating profit (loss) | 9901 | €3,190 | €4,662 | +€1,472 | +46.1% |
| Financial income | 75/76B | €2,528 | €2,876 | +€347 | +13.7% |
| Recurring financial income | 75 | €2,528 | €2,876 | +€347 | +13.7% |
| Financial charges | 65/66B | €7,608 | €18,340 | +€10,732 | +141.1% |
| Recurring financial charges | 65 | €7,608 | €18,340 | +€10,732 | +141.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,890 | -€10,803 | -€8,913 | -471.5% |
| Income taxes | 67/77 | €93 | €107 | +€13 | +14.1% |
| Profit (loss) for the period | 9904 | -€1,984 | -€10,910 | -€8,926 | -450.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,984 | -€10,910 | -€8,926 | -450.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.