Luxsecurity belgium: 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.
Luxsecurity belgium
Largest movements
- Receivables within one year +€207,393
up €207,393 (+175%), from €118,642 to €326,035
of which Trade receivables: +€206,431
- Cash -€41,396
down €41,396 (-51.5%), from €80,430 to €39,034
mainly Receivables within one year (-€207,393) and Stocks and contracts (-€8,099)
- Stocks and contracts +€8,099
up €8,099 (+43.0%), from €18,855 to €26,954
- Trade debts +€168,472
up €168,472 (+184%), from €91,492 to €259,964
of which Suppliers: +€153,760
- Profit (loss) carried forward +€4,008
up €4,008 (+4.1%), from €97,642 to €101,650
- Purchases and services -€403,685
no longer reported in 2025 (was €403,685)
- Gross operating margin -€14,218
down €14,218 (-6.2%), from €230,966 to €216,748
- Staff costs -€10,119
down €10,119 (-4.8%), from €211,750 to €201,631
- Write-downs -€6,000
no longer reported in 2025 (was €6,000)
- Taxes +€5,307
new in 2025: €5,307
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 | €230,767 | €398,408 | +€167,641 | +72.6% |
| Fixed assets | 21/28 | €7,687 | €5,018 | -€2,669 | -34.7% |
| Tangible fixed assets | 22/27 | €2,957 | €288 | -€2,669 | -90.3% |
| Leasing and similar rights | 25 | €2,957 | €288 | -€2,669 | -90.3% |
| Financial fixed assets | 28 | €4,730 | €4,730 | = | 0.0% |
| Current assets | 29/58 | €223,080 | €393,390 | +€170,310 | +76.3% |
| Stocks and contracts in progress | 3 | €18,855 | €26,954 | +€8,099 | +43.0% |
| Stocks | 30/36 | €18,855 | €26,954 | +€8,099 | +43.0% |
| Amounts receivable within one year | 40/41 | €118,642 | €326,035 | +€207,393 | +175% |
| Trade receivables | 40 | €117,984 | €324,415 | +€206,431 | +175% |
| Other amounts receivable | 41 | €658 | €1,620 | +€962 | +146% |
| Cash at bank and in hand | 54/58 | €80,430 | €39,034 | -€41,396 | -51.5% |
| Deferred charges and accrued income | 490/1 | €5,153 | €1,367 | -€3,786 | -73.5% |
| Total equity and liabilities | 10/49 | €230,767 | €398,408 | +€167,641 | +72.6% |
| Equity | 10/15 | €107,642 | €111,650 | +€4,008 | +3.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,642 | €101,650 | +€4,008 | +4.1% |
| Amounts payable | 17/49 | €123,125 | €286,758 | +€163,632 | +133% |
| Amounts payable after more than one year | 17 | €3,087 | - | -€3,087 | |
| Financial debts | 170/4 | €3,087 | - | -€3,087 | |
| Amounts payable within one year | 42/48 | €120,038 | €286,758 | +€166,720 | +139% |
| Current portion of amounts payable after more than one year | 42 | €2,004 | €1,252 | -€752 | -37.5% |
| Trade debts | 44 | €91,492 | €259,964 | +€168,472 | +184% |
| Suppliers | 440/4 | €91,492 | €245,252 | +€153,760 | +168% |
| Bills of exchange payable | 441 | - | €14,712 | +€14,712 | |
| Taxes, remuneration and social security | 45 | €25,718 | €23,738 | -€1,980 | -7.7% |
| Taxes | 450/3 | €22,194 | €6,969 | -€15,225 | -68.6% |
| Remuneration and social security | 454/9 | €3,524 | €16,769 | +€13,245 | +376% |
| Other amounts payable | 47/48 | €824 | €1,804 | +€980 | +119% |
| Goods, raw materials, services and sundry goods | 60/61 | €403,685 | - | -€403,685 | |
| Remuneration, social security and pensions | 62 | €211,750 | €201,631 | -€10,119 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,669 | €2,669 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | €160 | €219 | +€59 | +36.6% |
| Gross operating margin | 9900 | €230,966 | €216,748 | -€14,218 | -6.2% |
| Operating profit (loss) | 9901 | €10,386 | €12,229 | +€1,842 | +17.7% |
| Financial income | 75/76B | €128 | €415 | +€287 | +223% |
| Recurring financial income | 75 | €42 | €415 | +€374 | +894% |
| Non-recurring financial income | 76B | €87 | - | -€87 | |
| Financial charges | 65/66B | €3,680 | €3,329 | -€351 | -9.5% |
| Recurring financial charges | 65 | €3,680 | €3,329 | -€351 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €6,835 | €9,315 | +€2,480 | +36.3% |
| Income taxes | 67/77 | - | €5,307 | +€5,307 | |
| Profit (loss) for the period | 9904 | €6,835 | €4,008 | -€2,827 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,835 | €4,008 | -€2,827 | -41.4% |
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 31 October 2026 via checked.be.