INTELLIGENT SECURITY: 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.
INTELLIGENT SECURITY
Largest movements
- Tangible fixed assets +€41,222
up €41,222 (+40.6%), from €101,645 to €142,867
of which Furniture and vehicles: +€38,353
- Receivables within one year -€31,418
down €31,418 (-64.6%), from €48,648 to €17,230
of which Trade receivables: -€27,558
- Stocks and contracts -€14,930
down €14,930 (-27.7%), from €53,863 to €38,933
- Cash +€7,184
up €7,184 (+140.2%), from €5,123 to €12,307
mainly Depreciation (+€32,263) and Receivables within one year (+€31,418)
- Debts after one year +€20,249
up €20,249 (+60.1%), from €33,664 to €53,912
- Trade debts -€19,185
down €19,185 (-41.0%), from €46,778 to €27,594
- Reserves +€13,330
up €13,330 (+23.4%), from €56,957 to €70,287
- Other debts -€9,686
down €9,686 (-77.7%), from €12,465 to €2,779
- Short-term financial debts -€6,841
down €6,841 (-100.0%), from €6,841 to €0
- Staff costs -€19,794
down €19,794 (-19.8%), from €99,824 to €80,031
- Gross operating margin +€6,587
up €6,587 (+4.9%), from €134,670 to €141,257
- Depreciation +€5,919
up €5,919 (+22.5%), from €26,345 to €32,263
- Taxes +€4,950
up €4,950 (+475.8%), from €1,040 to €5,990
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 | €212,732 | €214,487 | +€1,755 | +0.8% |
| Fixed assets | 21/28 | €102,725 | €143,947 | +€41,222 | +40.1% |
| Tangible fixed assets | 22/27 | €101,645 | €142,867 | +€41,222 | +40.6% |
| Plant, machinery and equipment | 23 | €7,505 | €4,360 | -€3,145 | -41.9% |
| Furniture and vehicles | 24 | €16,707 | €55,060 | +€38,353 | +229.6% |
| Other tangible fixed assets | 26 | €77,433 | €83,447 | +€6,014 | +7.8% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €110,007 | €70,540 | -€39,467 | -35.9% |
| Stocks and contracts in progress | 3 | €53,863 | €38,933 | -€14,930 | -27.7% |
| Stocks | 30/36 | €53,863 | €38,933 | -€14,930 | -27.7% |
| Amounts receivable within one year | 40/41 | €48,648 | €17,230 | -€31,418 | -64.6% |
| Trade receivables | 40 | €36,594 | €9,036 | -€27,558 | -75.3% |
| Other amounts receivable | 41 | €12,053 | €8,194 | -€3,859 | -32.0% |
| Cash at bank and in hand | 54/58 | €5,123 | €12,307 | +€7,184 | +140.2% |
| Deferred charges and accrued income | 490/1 | €2,374 | €2,070 | -€304 | -12.8% |
| Total equity and liabilities | 10/49 | €212,732 | €214,487 | +€1,755 | +0.8% |
| Equity | 10/15 | €97,723 | €111,061 | +€13,338 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,957 | €70,287 | +€13,330 | +23.4% |
| Distributable reserves | 133 | €56,957 | €70,287 | +€13,330 | +23.4% |
| Profit (loss) carried forward | 14 | €22,166 | €22,174 | +€8 | 0.0% |
| Amounts payable | 17/49 | €115,009 | €103,426 | -€11,582 | -10.1% |
| Amounts payable after more than one year | 17 | €33,664 | €53,912 | +€20,249 | +60.1% |
| Financial debts | 170/4 | €33,664 | €53,912 | +€20,249 | +60.1% |
| Amounts payable within one year | 42/48 | €81,345 | €49,514 | -€31,831 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €4,026 | €10,273 | +€6,246 | +155.1% |
| Financial debts | 43 | €6,841 | €0 | -€6,841 | -100.0% |
| Credit institutions | 430/8 | €6,841 | €0 | -€6,841 | -100.0% |
| Trade debts | 44 | €46,778 | €27,594 | -€19,185 | -41.0% |
| Suppliers | 440/4 | €46,778 | €27,594 | -€19,185 | -41.0% |
| Taxes, remuneration and social security | 45 | €11,234 | €8,869 | -€2,365 | -21.1% |
| Taxes | 450/3 | €66 | €1,990 | +€1,924 | +2893.6% |
| Remuneration and social security | 454/9 | €11,168 | €6,879 | -€4,289 | -38.4% |
| Other amounts payable | 47/48 | €12,465 | €2,779 | -€9,686 | -77.7% |
| Remuneration, social security and pensions | 62 | €99,824 | €80,031 | -€19,794 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,345 | €32,263 | +€5,919 | +22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€786 | €0 | +€786 | |
| Other operating charges | 640/8 | €4,667 | €3,546 | -€1,121 | -24.0% |
| Non-recurring operating charges | 66A | - | €1,913 | +€1,913 | |
| Gross operating margin | 9900 | €134,670 | €141,257 | +€6,587 | +4.9% |
| Operating profit (loss) | 9901 | €4,620 | €23,504 | +€18,884 | +408.7% |
| Financial income | 75/76B | €10 | €62 | +€52 | +520.0% |
| Recurring financial income | 75 | €10 | €62 | +€52 | +520.0% |
| Financial charges | 65/66B | €3,551 | €3,404 | -€146 | -4.1% |
| Recurring financial charges | 65 | €3,551 | €3,404 | -€146 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €1,080 | €20,161 | +€19,081 | +1767.6% |
| Income taxes | 67/77 | €1,040 | €5,990 | +€4,950 | +475.8% |
| Profit (loss) for the period | 9904 | €39 | €14,171 | +€14,132 | +36022.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39 | €14,171 | +€14,132 | +36022.4% |
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 3 October 2026 via checked.be.