FINSECURE: what changed
What changed
FINSECURE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€104,284
2024 · €45,199+€59,085
Equity
€1.4m
2024 · €1.3m+€97,047
Cash
€103,471
2024 · €314,599-€211,129
Balance sheet total
€1.4m
2024 · €1.3m+€104,681
Largest movements
Assets
- Current investments +€400,000
new in 2025: €400,000
- Cash -€211,129
down €211,129 (-67.1%), from €314,599 to €103,471
mainly Current investments (-€400,000) and Contributions, distributions and other (-€7,238)
- Receivables within one year -€79,135
down €79,135 (-53.0%), from €149,224 to €70,089
of which Trade receivables: -€65,275
Equity and liabilities
- Profit (loss) carried forward +€54,947
up €54,947 (+73.1%), from €75,140 to €130,087
- Reserves +€42,100
new in 2025: €42,100
- Trade debts +€14,320
up €14,320 (+251%), from €5,698 to €20,018
Income statement
- Gross operating margin +€108,925
up €108,925 (+73.3%), from €148,650 to €257,575
- Staff costs +€31,185
up €31,185 (+39.0%), from €79,897 to €111,082
- Taxes +€19,162
up €19,162 (+116%), from €16,469 to €35,631
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,199
Gross operating margin
+€108,925
Staff costs
-€31,185
Other operating charges
-€31
Financial charges
+€538
Taxes
-€19,162
Result 2025
€104,284
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€200,634
Investment
-€400,000
Financing
-€11,762
Cash 2024
€314,599
From operations (derived)
+€200,634
Net result for the year
+€104,284
Depreciation
+€4,912
Receivables within one year
+€79,135
Deferred charges and accrued income
+€144
Trade debts
+€14,320
Tax, wage and social debts
-€5,649
Other debts
+€3,488
Investment (derived)
-€400,000
Current investments
-€400,000
Financing
-€11,762
Debts after one year
-€1,519
Current portion of long-term debt
-€3,006
Contributions, distributions and other
-€7,238
Cash 2025
€103,471
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,322,387 | €1,427,068 | +€104,681 | +7.9% |
| Fixed assets | 21/28 | €857,879 | €852,968 | -€4,912 | -0.6% |
| Tangible fixed assets | 22/27 | €6,015 | €1,103 | -€4,912 | -81.7% |
| Furniture and vehicles | 24 | €6,015 | €1,103 | -€4,912 | -81.7% |
| Financial fixed assets | 28 | €851,864 | €851,864 | = | 0.0% |
| Current assets | 29/58 | €464,507 | €574,100 | +€109,593 | +23.6% |
| Amounts receivable within one year | 40/41 | €149,224 | €70,089 | -€79,135 | -53.0% |
| Trade receivables | 40 | €127,464 | €62,189 | -€65,275 | -51.2% |
| Other amounts receivable | 41 | €21,760 | €7,900 | -€13,860 | -63.7% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €314,599 | €103,471 | -€211,129 | -67.1% |
| Deferred charges and accrued income | 490/1 | €685 | €541 | -€144 | -21.0% |
| Total equity and liabilities | 10/49 | €1,322,387 | €1,427,068 | +€104,681 | +7.9% |
| Equity | 10/15 | €1,275,140 | €1,372,187 | +€97,047 | +7.6% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | - | €42,100 | +€42,100 | |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Profit (loss) carried forward | 14 | €75,140 | €130,087 | +€54,947 | +73.1% |
| Amounts payable | 17/49 | €47,247 | €54,881 | +€7,634 | +16.2% |
| Amounts payable after more than one year | 17 | €1,519 | - | -€1,519 | |
| Financial debts | 170/4 | €1,519 | - | -€1,519 | |
| Amounts payable within one year | 42/48 | €45,728 | €54,881 | +€9,153 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €4,525 | €1,519 | -€3,006 | -66.4% |
| Trade debts | 44 | €5,698 | €20,018 | +€14,320 | +251% |
| Suppliers | 440/4 | €5,698 | €20,018 | +€14,320 | +251% |
| Taxes, remuneration and social security | 45 | €31,756 | €26,107 | -€5,649 | -17.8% |
| Taxes | 450/3 | €20,916 | €11,057 | -€9,859 | -47.1% |
| Remuneration and social security | 454/9 | €10,839 | €15,049 | +€4,210 | +38.8% |
| Other amounts payable | 47/48 | €3,750 | €7,238 | +€3,488 | +93.0% |
| Remuneration, social security and pensions | 62 | €79,897 | €111,082 | +€31,185 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,912 | €4,912 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €148,650 | €257,575 | +€108,925 | +73.3% |
| Operating profit (loss) | 9901 | €62,873 | €140,582 | +€77,709 | +124% |
| Financial charges | 65/66B | €1,205 | €667 | -€538 | -44.7% |
| Recurring financial charges | 65 | €1,205 | €667 | -€538 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €61,668 | €139,916 | +€78,247 | +127% |
| Income taxes | 67/77 | €16,469 | €35,631 | +€19,162 | +116% |
| Profit (loss) for the period | 9904 | €45,199 | €104,284 | +€59,085 | +131% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,199 | €62,184 | +€16,985 | +37.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.