GXSécurité: 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.
GXSécurité
Largest movements
- Tangible fixed assets -€16,111
down €16,111 (-98.5%), from €16,361 to €250
of which Furniture and vehicles: -€16,111
- Stocks and contracts +€11,018
up €11,018 (+147%), from €7,505 to €18,523
- Cash -€5,913
down €5,913 (-47.2%), from €12,528 to €6,615
mainly Current portion of long-term debt (-€49,312) and Net result for the year (-€14,584)
- Deferred charges and accrued income -€1,285
down €1,285 (-57.2%), from €2,246 to €960
- Current portion of long-term debt -€49,312
down €49,312 (-60.4%), from €81,600 to €32,288
- Debts after one year +€32,163
up €32,163 (+57.2%), from €56,248 to €88,412
- Trade debts +€20,264
up €20,264 (+18.7%), from €108,428 to €128,691
- Profit (loss) carried forward -€14,584
down €14,584 (-8.3%), from -€175,026 to -€189,610
- Tax, wage and social debts -€1,115
no longer reported in 2025 (was €1,115)
of which Remuneration and social security: -€957
- Gross operating margin +€68,783
up €68,783, from -€57,225 to €11,558
- Write-downs -€21,915
down €21,915 (-90.1%), from €24,330 to €2,415
- Staff costs -€8,270
down €8,270 (-93.3%), from €8,866 to €596
- Depreciation -€7,166
down €7,166 (-95.9%), from €7,474 to €308
- Other operating charges -€2,536
down €2,536 (-78.2%), from €3,241 to €705
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 | €92,204 | €79,621 | -€12,582 | -13.6% |
| Fixed assets | 21/28 | €16,361 | €250 | -€16,111 | -98.5% |
| Tangible fixed assets | 22/27 | €16,361 | €250 | -€16,111 | -98.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €16,361 | €250 | -€16,111 | -98.5% |
| Current assets | 29/58 | €75,843 | €79,372 | +€3,529 | +4.7% |
| Stocks and contracts in progress | 3 | €7,505 | €18,523 | +€11,018 | +147% |
| Stocks | 30/36 | €7,505 | €18,523 | +€11,018 | +147% |
| Amounts receivable within one year | 40/41 | €53,564 | €53,274 | -€291 | -0.5% |
| Trade receivables | 40 | €44,018 | €46,536 | +€2,518 | +5.7% |
| Other amounts receivable | 41 | €9,546 | €6,737 | -€2,809 | -29.4% |
| Cash at bank and in hand | 54/58 | €12,528 | €6,615 | -€5,913 | -47.2% |
| Deferred charges and accrued income | 490/1 | €2,246 | €960 | -€1,285 | -57.2% |
| Total equity and liabilities | 10/49 | €92,204 | €79,621 | -€12,582 | -13.6% |
| Equity | 10/15 | -€155,223 | -€169,807 | -€14,584 | -9.4% |
| Contributions | 10/11 | €18,003 | €18,003 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,026 | -€189,610 | -€14,584 | -8.3% |
| Amounts payable | 17/49 | €247,427 | €249,428 | +€2,002 | +0.8% |
| Amounts payable after more than one year | 17 | €56,248 | €88,412 | +€32,163 | +57.2% |
| Financial debts | 170/4 | €56,248 | €88,412 | +€32,163 | +57.2% |
| Amounts payable within one year | 42/48 | €191,143 | €160,979 | -€30,164 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €81,600 | €32,288 | -€49,312 | -60.4% |
| Trade debts | 44 | €108,428 | €128,691 | +€20,264 | +18.7% |
| Suppliers | 440/4 | €108,428 | €128,691 | +€20,264 | +18.7% |
| Taxes, remuneration and social security | 45 | €1,115 | - | -€1,115 | |
| Taxes | 450/3 | €158 | - | -€158 | |
| Remuneration and social security | 454/9 | €957 | - | -€957 | |
| Accrued charges and deferred income | 492/3 | €36 | €38 | +€2 | +5.5% |
| Non-recurring operating income | 76A | - | €2,001 | +€2,001 | |
| Remuneration, social security and pensions | 62 | €8,866 | €596 | -€8,270 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,474 | €308 | -€7,166 | -95.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,330 | €2,415 | -€21,915 | -90.1% |
| Other operating charges | 640/8 | €3,241 | €705 | -€2,536 | -78.2% |
| Non-recurring operating charges | 66A | - | €15,804 | +€15,804 | |
| Gross operating margin | 9900 | -€57,225 | €11,558 | +€68,783 | |
| Operating profit (loss) | 9901 | -€101,136 | -€8,270 | +€92,866 | +91.8% |
| Financial income | 75/76B | €1 | €55 | +€54 | +4,867% |
| Recurring financial income | 75 | €1 | €55 | +€54 | +4,867% |
| Financial charges | 65/66B | €6,021 | €6,369 | +€347 | +5.8% |
| Recurring financial charges | 65 | €6,021 | €6,369 | +€347 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€107,157 | -€14,584 | +€92,573 | +86.4% |
| Income taxes | 67/77 | €104 | - | -€104 | |
| Profit (loss) for the period | 9904 | -€107,261 | -€14,584 | +€92,677 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,261 | -€14,584 | +€92,677 | +86.4% |
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 20 October 2026 via checked.be.