L. SECURITE: 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.
L. SECURITE
Largest movements
- Cash -€137,322
down €137,322 (-76.0%), from €180,638 to €43,317
mainly Contributions, distributions and other (-€170,000) and Current investments (-€37,882)
- Current investments +€37,882
up €37,882 (+8.4%), from €452,626 to €490,508
- Tangible fixed assets -€16,497
down €16,497 (-11.4%), from €144,187 to €127,690
of which Furniture and vehicles: -€16,497
- Receivables within one year -€13,451
down €13,451 (-69.5%), from €19,346 to €5,895
of which Other amounts receivable: -€14,556
- Reserves -€170,000
down €170,000 (-24.0%), from €709,599 to €539,599
of which Distributable reserves: -€170,000
- Profit (loss) carried forward +€50,797
up €50,797 (+157%), from €32,405 to €83,202
- Trade debts -€10,370
down €10,370 (-73.7%), from €14,075 to €3,705
- Tax, wage and social debts +€8,266
up €8,266 (+501%), from €1,650 to €9,916
- Financial income -€57,979
down €57,979 (-82.7%), from €70,070 to €12,092
of which Non-recurring financial income: -€66,744
- Taxes +€21,533
up €21,533 (+212%), from €10,154 to €31,687
- Gross operating margin +€17,914
up €17,914 (+25.4%), from €70,566 to €88,480
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 | €800,224 | €667,409 | -€132,815 | -16.6% |
| Fixed assets | 21/28 | €144,187 | €127,690 | -€16,497 | -11.4% |
| Tangible fixed assets | 22/27 | €144,187 | €127,690 | -€16,497 | -11.4% |
| Land and buildings | 22 | €118,458 | €118,458 | = | 0.0% |
| Furniture and vehicles | 24 | €25,729 | €9,232 | -€16,497 | -64.1% |
| Current assets | 29/58 | €656,037 | €539,719 | -€116,317 | -17.7% |
| Stocks and contracts in progress | 3 | €3,081 | - | -€3,081 | |
| Stocks | 30/36 | €3,081 | - | -€3,081 | |
| Amounts receivable within one year | 40/41 | €19,346 | €5,895 | -€13,451 | -69.5% |
| Trade receivables | 40 | €1,799 | €2,903 | +€1,105 | +61.4% |
| Other amounts receivable | 41 | €17,547 | €2,992 | -€14,556 | -83.0% |
| Current investments | 50/53 | €452,626 | €490,508 | +€37,882 | +8.4% |
| Cash at bank and in hand | 54/58 | €180,638 | €43,317 | -€137,322 | -76.0% |
| Deferred charges and accrued income | 490/1 | €345 | - | -€345 | |
| Total equity and liabilities | 10/49 | €800,224 | €667,409 | -€132,815 | -16.6% |
| Equity | 10/15 | €772,990 | €653,788 | -€119,203 | -15.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €709,599 | €539,599 | -€170,000 | -24.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,500 | €40,500 | = | 0.0% |
| Distributable reserves | 133 | €666,000 | €496,000 | -€170,000 | -25.5% |
| Profit (loss) carried forward | 14 | €32,405 | €83,202 | +€50,797 | +157% |
| Amounts payable | 17/49 | €27,234 | €13,622 | -€13,612 | -50.0% |
| Amounts payable within one year | 42/48 | €20,068 | €13,622 | -€6,446 | -32.1% |
| Trade debts | 44 | €14,075 | €3,705 | -€10,370 | -73.7% |
| Suppliers | 440/4 | €14,075 | €3,705 | -€10,370 | -73.7% |
| Taxes, remuneration and social security | 45 | €1,650 | €9,916 | +€8,266 | +501% |
| Taxes | 450/3 | €1,650 | €9,916 | +€8,266 | +501% |
| Other amounts payable | 47/48 | €4,343 | - | -€4,343 | |
| Accrued charges and deferred income | 492/3 | €7,166 | - | -€7,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,044 | €16,497 | -€547 | -3.2% |
| Other operating charges | 640/8 | €1,184 | €1,485 | +€301 | +25.4% |
| Gross operating margin | 9900 | €70,566 | €88,480 | +€17,914 | +25.4% |
| Operating profit (loss) | 9901 | €52,338 | €70,497 | +€18,160 | +34.7% |
| Financial income | 75/76B | €70,070 | €12,092 | -€57,979 | -82.7% |
| Recurring financial income | 75 | €3,327 | €12,092 | +€8,765 | +263% |
| Non-recurring financial income | 76B | €66,744 | - | -€66,744 | |
| Financial charges | 65/66B | €104 | €105 | +€1 | +0.6% |
| Recurring financial charges | 65 | €104 | €105 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €122,304 | €82,484 | -€39,820 | -32.6% |
| Income taxes | 67/77 | €10,154 | €31,687 | +€21,533 | +212% |
| Profit (loss) for the period | 9904 | €112,150 | €50,797 | -€61,353 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,150 | €50,797 | -€61,353 | -54.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.