HIGH 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.
What changed
HIGH SECURITY
NACE 80.010, Investigation and private security services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€73,806
2024 · €168,890-€95,084
Equity
€452,944
2024 · €379,138+€73,806
Cash
€954,162
2024 · €331,518+€622,644
Balance sheet total
€8.0m
2024 · €6.7m+€1.2m
Largest movements
Assets
- Cash +€622,644
up €622,644 (+187.8%), from €331,518 to €954,162
mainly Tax, wage and social debts (+€798,327) and Short-term financial debts (+€640,958)
- Receivables within one year +€354,951
up €354,951 (+6.9%), from €5.2m to €5.5m
of which Trade receivables: +€254,829
- Intangible fixed assets +€242,690
up €242,690 (+297.2%), from €81,660 to €324,350
Equity and liabilities
- Tax, wage and social debts +€798,327
up €798,327 (+24.0%), from €3.3m to €4.1m
of which Remuneration and social security: +€858,053
- Short-term financial debts +€640,958
up €640,958 (+60.2%), from €1.1m to €1.7m
- Current portion of long-term debt -€340,435
down €340,435 (-75.5%), from €451,055 to €110,621
Income statement
- Staff costs +€2.5m
up €2.5m (+12.8%), from €19.4m to €21.9m
- Goods and materials -€1.1m
down €1.1m (-50.5%), from €2.1m to €1.1m
- Turnover +€1.1m
up €1.1m (+4.7%), from €22.6m to €23.6m
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.
Result 2024
€168,890
Turnover
+€1.1m
Other operating income
-€34,521
Goods and materials
+€1.1m
Services and other goods
-€83,849
Staff costs
-€2.5m
Depreciation
-€32,079
Other operating charges
+€32,125
Other operating items
+€300,275
Financial income
+€1,100
Financial charges
+€45,708
Taxes
+€27,869
Result 2025
€73,806
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.
From operations
+€824,911
Investment
-€527,963
Financing
+€325,696
Cash 2024
€331,518
From operations (derived)
+€824,911
Net result for the year
+€73,806
Depreciation
+€288,342
Receivables after one year
+€19,011
Receivables within one year
-€354,951
Deferred charges and accrued income
-€34,351
Trade debts
+€20,727
Tax, wage and social debts
+€798,327
Other debts
+€14,000
Investment (derived)
-€527,963
Investment in fixed assets (net)
-€527,963
Financing
+€325,696
Debts after one year
+€25,172
Current portion of long-term debt
-€340,435
Short-term financial debts
+€640,958
Cash 2025
€954,162
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,718,423 | €7,950,979 | +€1.2m | +18.3% |
| Fixed assets | 21/28 | €1,089,812 | €1,329,433 | +€239,621 | +22.0% |
| Intangible fixed assets | 21 | €81,660 | €324,350 | +€242,690 | +297.2% |
| Tangible fixed assets | 22/27 | €603,762 | €600,693 | -€3,069 | -0.5% |
| Land and buildings | 22 | €4,919 | €4,407 | -€512 | -10.4% |
| Plant, machinery and equipment | 23 | €217,698 | €195,627 | -€22,071 | -10.1% |
| Furniture and vehicles | 24 | €172,619 | €155,210 | -€17,409 | -10.1% |
| Other tangible fixed assets | 26 | €208,526 | €245,449 | +€36,923 | +17.7% |
| Financial fixed assets | 28 | €404,390 | €404,390 | = | 0.0% |
| Affiliated companies | 280/1 | €370,000 | €370,000 | = | 0.0% |
| Participating interests | 280 | €370,000 | €370,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €34,390 | €34,390 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €34,390 | €34,390 | = | 0.0% |
| Current assets | 29/58 | €5,628,611 | €6,621,546 | +€992,935 | +17.6% |
| Amounts receivable after more than one year | 29 | €19,011 | €0 | -€19,011 | -100.0% |
| Other amounts receivable | 291 | €19,011 | €0 | -€19,011 | -100.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,163,460 | €5,518,411 | +€354,951 | +6.9% |
| Trade receivables | 40 | €4,824,836 | €5,079,665 | +€254,829 | +5.3% |
| Other amounts receivable | 41 | €338,624 | €438,746 | +€100,122 | +29.6% |
| Cash at bank and in hand | 54/58 | €331,518 | €954,162 | +€622,644 | +187.8% |
| Deferred charges and accrued income | 490/1 | €114,622 | €148,973 | +€34,351 | +30.0% |
| Total equity and liabilities | 10/49 | €6,718,423 | €7,950,979 | +€1.2m | +18.3% |
| Equity | 10/15 | €379,138 | €452,944 | +€73,806 | +19.5% |
| Contributions | 10/11 | €214,100 | €214,100 | = | 0.0% |
| Reserves | 13 | €2,510 | €2,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,510 | €2,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,510 | €2,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,528 | €236,334 | +€73,806 | +45.4% |
| Amounts payable | 17/49 | €6,339,285 | €7,498,035 | +€1.2m | +18.3% |
| Amounts payable after more than one year | 17 | €125,839 | €151,011 | +€25,172 | +20.0% |
| Financial debts | 170/4 | €125,839 | €151,011 | +€25,172 | +20.0% |
| Subordinated loans | 170 | €245 | €0 | -€245 | -100.0% |
| Credit institutions | 173 | €125,594 | €151,011 | +€25,417 | +20.2% |
| Amounts payable within one year | 42/48 | €6,213,446 | €7,347,024 | +€1.1m | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €451,055 | €110,621 | -€340,435 | -75.5% |
| Financial debts | 43 | €1,064,262 | €1,705,220 | +€640,958 | +60.2% |
| Credit institutions | 430/8 | €1,064,262 | €1,705,220 | +€640,958 | +60.2% |
| Trade debts | 44 | €1,366,871 | €1,387,599 | +€20,727 | +1.5% |
| Suppliers | 440/4 | €1,366,871 | €1,387,599 | +€20,727 | +1.5% |
| Taxes, remuneration and social security | 45 | €3,330,656 | €4,128,983 | +€798,327 | +24.0% |
| Taxes | 450/3 | €770,671 | €710,945 | -€59,726 | -7.7% |
| Remuneration and social security | 454/9 | €2,559,985 | €3,418,038 | +€858,053 | +33.5% |
| Other amounts payable | 47/48 | €601 | €14,601 | +€14,000 | +2330.0% |
| Operating income | 70/76A | €24,609,892 | €25,785,239 | +€1.2m | +4.8% |
| Turnover | 70 | €22,591,670 | €23,643,206 | +€1.1m | +4.7% |
| Own construction capitalised | 72 | - | €158,332 | +€158,332 | |
| Other operating income | 74 | €2,018,223 | €1,983,701 | -€34,521 | -1.7% |
| Operating charges | 60/66A | €24,017,300 | €25,362,407 | +€1.3m | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €2,135,874 | €1,058,322 | -€1.1m | -50.5% |
| Purchases | 600/8 | €2,135,874 | €1,058,322 | -€1.1m | -50.5% |
| Services and other goods | 61 | €2,030,533 | €2,114,382 | +€83,849 | +4.1% |
| Remuneration, social security and pensions | 62 | €19,393,356 | €21,874,156 | +€2.5m | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,263 | €288,342 | +€32,079 | +12.5% |
| Other operating charges | 640/8 | €59,331 | €27,206 | -€32,125 | -54.1% |
| Non-recurring operating charges | 66A | €141,943 | €0 | -€141,943 | -100.0% |
| Operating profit (loss) | 9901 | €592,592 | €422,832 | -€169,761 | -28.6% |
| Financial income | 75/76B | €2,826 | €3,926 | +€1,100 | +38.9% |
| Recurring financial income | 75 | €2,826 | €3,926 | +€1,100 | +38.9% |
| Income from current assets | 751 | €694 | €0 | -€694 | -100.0% |
| Other financial income | 752/9 | €2,132 | €3,926 | +€1,794 | +84.1% |
| Financial charges | 65/66B | €297,782 | €252,074 | -€45,708 | -15.3% |
| Recurring financial charges | 65 | €297,782 | €252,074 | -€45,708 | -15.3% |
| Debt charges | 650 | €287,544 | €239,546 | -€47,998 | -16.7% |
| Other financial charges | 652/9 | €10,238 | €12,528 | +€2,290 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €297,637 | €174,684 | -€122,953 | -41.3% |
| Income taxes | 67/77 | €128,747 | €100,878 | -€27,869 | -21.6% |
| Taxes | 670/3 | €128,747 | €100,878 | -€27,869 | -21.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €168,890 | €73,806 | -€95,084 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €168,890 | €73,806 | -€95,084 | -56.3% |
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 9 October 2026 via checked.be.