FIRST SECURITY INTERNATIONAL: 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.
FIRST SECURITY INTERNATIONAL
Largest movements
- Receivables within one year -€4,230
no longer reported in 2025 (was €4,230)
- Cash +€1,778
up €1,778 (+23.5%), from €7,553 to €9,331
mainly Receivables within one year (+€4,230) and Other debts (+€1,202)
- Tangible fixed assets +€436
up €436 (+62.1%), from €702 to €1,138
- Advances received -€3,210
down €3,210 (-66.7%), from €4,810 to €1,600
- Other debts +€1,202
up €1,202 (+51.2%), from €2,349 to €3,551
- Trade debts +€632
up €632 (+97.2%), from €650 to €1,282
- Tax, wage and social debts -€596
down €596 (-36.0%), from €1,655 to €1,059
- Gross operating margin +€266
up €266 (+42.6%), from €625 to €891
- Depreciation +€142
up €142 (+40.5%), from €351 to €493
- Financial charges -€14
down €14 (-25.0%), from €56 to €42
- Other operating charges +€13
up €13 (+3.4%), from €387 to €400
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 | €12,623 | €10,607 | -€2,016 | -16.0% |
| Fixed assets | 21/28 | €702 | €1,138 | +€436 | +62.1% |
| Tangible fixed assets | 22/27 | €702 | €1,138 | +€436 | +62.1% |
| Furniture and vehicles | 24 | €702 | €1,138 | +€436 | +62.1% |
| Current assets | 29/58 | €11,921 | €9,469 | -€2,452 | -20.6% |
| Amounts receivable within one year | 40/41 | €4,230 | - | -€4,230 | |
| Trade receivables | 40 | €4,230 | - | -€4,230 | |
| Cash at bank and in hand | 54/58 | €7,553 | €9,331 | +€1,778 | +23.5% |
| Deferred charges and accrued income | 490/1 | €138 | €138 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,623 | €10,607 | -€2,016 | -16.0% |
| Equity | 10/15 | €3,159 | €3,115 | -€44 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,041 | -€3,085 | -€44 | -1.4% |
| Amounts payable | 17/49 | €9,464 | €7,492 | -€1,972 | -20.8% |
| Amounts payable within one year | 42/48 | €9,464 | €7,492 | -€1,972 | -20.8% |
| Trade debts | 44 | €650 | €1,282 | +€632 | +97.2% |
| Suppliers | 440/4 | €650 | €1,282 | +€632 | +97.2% |
| Advances received on contracts in progress | 46 | €4,810 | €1,600 | -€3,210 | -66.7% |
| Taxes, remuneration and social security | 45 | €1,655 | €1,059 | -€596 | -36.0% |
| Taxes | 450/3 | €1,655 | €1,059 | -€596 | -36.0% |
| Other amounts payable | 47/48 | €2,349 | €3,551 | +€1,202 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €493 | +€142 | +40.5% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €625 | €891 | +€266 | +42.6% |
| Operating profit (loss) | 9901 | -€113 | -€2 | +€111 | +98.2% |
| Financial charges | 65/66B | €56 | €42 | -€14 | -25.0% |
| Recurring financial charges | 65 | €56 | €42 | -€14 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€169 | -€44 | +€125 | +74.0% |
| Profit (loss) for the period | 9904 | -€169 | -€44 | +€125 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€169 | -€44 | +€125 | +74.0% |
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 12 October 2026 via checked.be.