Global Tech 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.
Global Tech Security
Largest movements
- Receivables within one year +€29,629
up €29,629 (+25.0%), from €118,440 to €148,069
of which Other amounts receivable: +€39,026
- Tangible fixed assets -€22,025
down €22,025 (-28.5%), from €77,319 to €55,294
of which Leasing and similar rights: -€17,658
- Tax, wage and social debts -€15,744
down €15,744 (-56.6%), from €27,801 to €12,057
of which Taxes: -€12,841
- Reserves +€15,487
up €15,487 (+8.1%), from €191,052 to €206,539
- Debts after one year -€13,159
down €13,159 (-29.6%), from €44,470 to €31,311
- Current portion of long-term debt +€8,630
up €8,630 (+54.4%), from €15,852 to €24,482
- Other debts +€5,818
up €5,818 (+124%), from €4,710 to €10,529
- Gross operating margin -€42,958
down €42,958 (-27.4%), from €156,890 to €113,932
- Staff costs -€31,183
down €31,183 (-33.5%), from €93,059 to €61,876
- Taxes -€4,843
down €4,843 (-36.0%), from €13,471 to €8,628
- Depreciation +€3,566
up €3,566 (+17.2%), from €20,715 to €24,281
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 | €308,153 | €309,207 | +€1,053 | +0.3% |
| Fixed assets | 21/28 | €77,369 | €55,344 | -€22,025 | -28.5% |
| Tangible fixed assets | 22/27 | €77,319 | €55,294 | -€22,025 | -28.5% |
| Plant, machinery and equipment | 23 | €6,799 | €5,476 | -€1,323 | -19.5% |
| Furniture and vehicles | 24 | €7,249 | €4,805 | -€2,444 | -33.7% |
| Leasing and similar rights | 25 | €60,613 | €42,955 | -€17,658 | -29.1% |
| Other tangible fixed assets | 26 | €2,657 | €2,057 | -€600 | -22.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €230,785 | €253,863 | +€23,079 | +10.0% |
| Amounts receivable after more than one year | 29 | €55,500 | €55,500 | = | 0.0% |
| Trade receivables | 290 | €55,500 | €55,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €24,527 | €22,713 | -€1,815 | -7.4% |
| Stocks | 30/36 | €24,527 | €22,713 | -€1,815 | -7.4% |
| Amounts receivable within one year | 40/41 | €118,440 | €148,069 | +€29,629 | +25.0% |
| Trade receivables | 40 | €117,308 | €107,911 | -€9,397 | -8.0% |
| Other amounts receivable | 41 | €1,132 | €40,158 | +€39,026 | +3,447% |
| Cash at bank and in hand | 54/58 | €26,406 | €23,955 | -€2,451 | -9.3% |
| Deferred charges and accrued income | 490/1 | €5,912 | €3,627 | -€2,285 | -38.7% |
| Total equity and liabilities | 10/49 | €308,153 | €309,207 | +€1,053 | +0.3% |
| Equity | 10/15 | €191,053 | €206,540 | +€15,487 | +8.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €191,052 | €206,539 | +€15,487 | +8.1% |
| Distributable reserves | 133 | €191,052 | €206,539 | +€15,487 | +8.1% |
| Amounts payable | 17/49 | €117,100 | €102,667 | -€14,433 | -12.3% |
| Amounts payable after more than one year | 17 | €44,470 | €31,311 | -€13,159 | -29.6% |
| Financial debts | 170/4 | €44,470 | €31,311 | -€13,159 | -29.6% |
| Amounts payable within one year | 42/48 | €72,630 | €71,356 | -€1,274 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €15,852 | €24,482 | +€8,630 | +54.4% |
| Trade debts | 44 | €24,268 | €24,289 | +€21 | +0.1% |
| Suppliers | 440/4 | €24,268 | €24,289 | +€21 | +0.1% |
| Taxes, remuneration and social security | 45 | €27,801 | €12,057 | -€15,744 | -56.6% |
| Taxes | 450/3 | €15,763 | €2,922 | -€12,841 | -81.5% |
| Remuneration and social security | 454/9 | €12,038 | €9,134 | -€2,903 | -24.1% |
| Other amounts payable | 47/48 | €4,710 | €10,529 | +€5,818 | +124% |
| Remuneration, social security and pensions | 62 | €93,059 | €61,876 | -€31,183 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,715 | €24,281 | +€3,566 | +17.2% |
| Other operating charges | 640/8 | €3,268 | €2,902 | -€366 | -11.2% |
| Gross operating margin | 9900 | €156,890 | €113,932 | -€42,958 | -27.4% |
| Operating profit (loss) | 9901 | €39,848 | €24,873 | -€14,975 | -37.6% |
| Financial income | 75/76B | €1,561 | €1,901 | +€340 | +21.8% |
| Recurring financial income | 75 | €1,561 | €1,901 | +€340 | +21.8% |
| Financial charges | 65/66B | €2,089 | €2,659 | +€570 | +27.3% |
| Recurring financial charges | 65 | €2,089 | €2,659 | +€570 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €39,319 | €24,115 | -€15,205 | -38.7% |
| Income taxes | 67/77 | €13,471 | €8,628 | -€4,843 | -36.0% |
| Profit (loss) for the period | 9904 | €25,849 | €15,487 | -€10,362 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,849 | €15,487 | -€10,362 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.