HIGH SECURITY SOLUTIONS: what changed
Two fiscal 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.
HIGH SECURITY SOLUTIONS
Largest movements
- Receivables within one year +€246,821
up €246,821 (+25.9%), from €954,161 to €1.2m
of which Trade receivables: +€247,422
- Cash -€59,954
down €59,954 (-30.9%), from €193,721 to €133,767
mainly Receivables within one year (-€246,821) and Investment in fixed assets (net) (-€115,385)
- Intangible fixed assets +€24,840
up €24,840 (+18.8%), from €132,363 to €157,202
- Tangible fixed assets +€21,076
up €21,076 (+44.1%), from €47,763 to €68,838
of which Plant, machinery and equipment: +€15,612
- Trade debts +€111,057
up €111,057 (+15.1%), from €734,581 to €845,638
- Tax, wage and social debts +€69,596
up €69,596 (+16.7%), from €415,737 to €485,334
of which Remuneration and social security: +€71,280
- Short-term financial debts +€22,112
up €22,112 (+12.1%), from €183,469 to €205,582
- Debts after one year +€20,333
new in 2025: €20,333
- Staff costs +€689,898
up €689,898 (+28.5%), from €2.4m to €3.1m
- Gross operating margin +€685,453
up €685,453 (+26.9%), from €2.5m to €3.2m
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 | €1,340,150 | €1,580,243 | +€240,093 | +17.9% |
| Fixed assets | 21/28 | €180,125 | €226,041 | +€45,915 | +25.5% |
| Intangible fixed assets | 21 | €132,363 | €157,202 | +€24,840 | +18.8% |
| Tangible fixed assets | 22/27 | €47,763 | €68,838 | +€21,076 | +44.1% |
| Plant, machinery and equipment | 23 | €27,714 | €43,326 | +€15,612 | +56.3% |
| Furniture and vehicles | 24 | €14,715 | €21,728 | +€7,013 | +47.7% |
| Other tangible fixed assets | 26 | €5,334 | €3,785 | -€1,549 | -29.0% |
| Current assets | 29/58 | €1,160,025 | €1,354,203 | +€194,178 | +16.7% |
| Amounts receivable within one year | 40/41 | €954,161 | €1,200,982 | +€246,821 | +25.9% |
| Trade receivables | 40 | €940,060 | €1,187,482 | +€247,422 | +26.3% |
| Other amounts receivable | 41 | €14,101 | €13,500 | -€601 | -4.3% |
| Cash at bank and in hand | 54/58 | €193,721 | €133,767 | -€59,954 | -30.9% |
| Deferred charges and accrued income | 490/1 | €12,143 | €19,453 | +€7,311 | +60.2% |
| Total equity and liabilities | 10/49 | €1,340,150 | €1,580,243 | +€240,093 | +17.9% |
| Equity | 10/15 | €6,362 | €14,224 | +€7,862 | +123.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,688 | €6,174 | +€7,862 | |
| Amounts payable | 17/49 | €1,333,788 | €1,566,019 | +€232,232 | +17.4% |
| Amounts payable after more than one year | 17 | - | €20,333 | +€20,333 | |
| Financial debts | 170/4 | - | €20,333 | +€20,333 | |
| Amounts payable within one year | 42/48 | €1,333,788 | €1,545,686 | +€211,899 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,133 | +€9,133 | |
| Financial debts | 43 | €183,469 | €205,582 | +€22,112 | +12.1% |
| Credit institutions | 430/8 | €183,469 | €205,582 | +€22,112 | +12.1% |
| Trade debts | 44 | €734,581 | €845,638 | +€111,057 | +15.1% |
| Suppliers | 440/4 | €734,581 | €845,638 | +€111,057 | +15.1% |
| Taxes, remuneration and social security | 45 | €415,737 | €485,334 | +€69,596 | +16.7% |
| Taxes | 450/3 | €109,524 | €107,840 | -€1,684 | -1.5% |
| Remuneration and social security | 454/9 | €306,213 | €377,493 | +€71,280 | +23.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,418,581 | €3,108,479 | +€689,898 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,220 | €69,470 | +€31,250 | +81.8% |
| Other operating charges | 640/8 | €9,407 | €79 | -€9,329 | -99.2% |
| Gross operating margin | 9900 | €2,547,070 | €3,232,523 | +€685,453 | +26.9% |
| Operating profit (loss) | 9901 | €80,862 | €54,496 | -€26,366 | -32.6% |
| Financial income | 75/76B | €41 | €101 | +€60 | +149.2% |
| Recurring financial income | 75 | €41 | €101 | +€60 | +149.2% |
| Financial charges | 65/66B | €18,831 | €34,896 | +€16,065 | +85.3% |
| Recurring financial charges | 65 | €18,831 | €34,896 | +€16,065 | +85.3% |
| Profit (loss) for the period before taxes | 9903 | €62,071 | €19,701 | -€42,370 | -68.3% |
| Income taxes | 67/77 | €10,478 | €11,839 | +€1,361 | +13.0% |
| Profit (loss) for the period | 9904 | €51,593 | €7,862 | -€43,731 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,593 | €7,862 | -€43,731 | -84.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.