JM SECUR: 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.
JM SECUR
Largest movements
- Cash +€54,226
up €54,226 (+86.4%), from €62,735 to €116,961
mainly Net result for the year (+€51,010) and Tax, wage and social debts (+€32,653)
- Tangible fixed assets -€2,280
down €2,280 (-28.4%), from €8,019 to €5,739
- Tax, wage and social debts +€32,653
up €32,653 (+380%), from €8,592 to €41,245
- Other debts +€28,235
up €28,235 (+141%), from €20,000 to €48,235
- Profit (loss) carried forward -€7,813
down €7,813 (-28.2%), from -€27,739 to -€35,552
- Turnover -€75,303
no longer reported in 2025 (was €75,303)
- Purchases and services -€52,945
no longer reported in 2025 (was €52,945)
- Gross operating margin +€48,559
up €48,559 (+212%), from €22,930 to €71,490
- Taxes +€13,316
up €13,316 (+249%), from €5,337 to €18,653
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 | €81,474 | €133,824 | +€52,350 | +64.3% |
| Formation expenses | 20 | €42 | €0 | -€42 | -100% |
| Fixed assets | 21/28 | €8,382 | €6,102 | -€2,280 | -27.2% |
| Tangible fixed assets | 22/27 | €8,019 | €5,739 | -€2,280 | -28.4% |
| Furniture and vehicles | 24 | €8,019 | €5,739 | -€2,280 | -28.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €73,050 | €127,721 | +€54,671 | +74.8% |
| Amounts receivable within one year | 40/41 | €8,358 | €9,063 | +€705 | +8.4% |
| Trade receivables | 40 | €2,295 | €2,803 | +€507 | +22.1% |
| Other amounts receivable | 41 | €6,063 | €6,260 | +€198 | +3.3% |
| Cash at bank and in hand | 54/58 | €62,735 | €116,961 | +€54,226 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,957 | €1,697 | -€260 | -13.3% |
| Total equity and liabilities | 10/49 | €81,474 | €133,824 | +€52,350 | +64.3% |
| Equity | 10/15 | €52,122 | €44,308 | -€7,813 | -15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €74,861 | €74,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €74,361 | €74,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,739 | -€35,552 | -€7,813 | -28.2% |
| Amounts payable | 17/49 | €29,352 | €89,515 | +€60,163 | +205% |
| Amounts payable within one year | 42/48 | €29,352 | €89,515 | +€60,163 | +205% |
| Trade debts | 44 | €760 | €35 | -€725 | -95.4% |
| Suppliers | 440/4 | €760 | €35 | -€725 | -95.4% |
| Taxes, remuneration and social security | 45 | €8,592 | €41,245 | +€32,653 | +380% |
| Taxes | 450/3 | €8,592 | €41,245 | +€32,653 | +380% |
| Other amounts payable | 47/48 | €20,000 | €48,235 | +€28,235 | +141% |
| Turnover | 70 | €75,303 | - | -€75,303 | |
| Non-recurring operating income | 76A | - | €39,197 | +€39,197 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,945 | - | -€52,945 | |
| Remuneration, social security and pensions | 62 | - | €105 | +€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,936 | €2,321 | +€386 | +19.9% |
| Other operating charges | 640/8 | - | €18 | +€18 | |
| Gross operating margin | 9900 | €22,930 | €71,490 | +€48,559 | +212% |
| Operating profit (loss) | 9901 | €20,995 | €69,045 | +€48,050 | +229% |
| Financial income | 75/76B | - | €693 | +€693 | |
| Recurring financial income | 75 | - | €693 | +€693 | |
| Financial charges | 65/66B | €104 | €74 | -€30 | -28.9% |
| Recurring financial charges | 65 | €104 | €74 | -€30 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €20,890 | €69,663 | +€48,773 | +233% |
| Income taxes | 67/77 | €5,337 | €18,653 | +€13,316 | +249% |
| Profit (loss) for the period | 9904 | €15,553 | €51,010 | +€35,457 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €15,553 | €51,010 | +€35,457 | +228% |
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 16 October 2026 via checked.be.