MALICE SECURITY: 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.
MALICE SECURITY
Largest movements
- Cash +€38,304
up €38,304 (+18.3%), from €209,738 to €248,042
mainly Net result for the year (+€48,413) and Receivables within one year (+€20,414)
- Deferred charges and accrued income +€36,383
up €36,383 (+926%), from €3,930 to €40,313
- Receivables within one year -€20,414
down €20,414 (-17.0%), from €119,910 to €99,496
of which Other amounts receivable: -€10,624
- Receivables after one year -€17,409
down €17,409 (-100%), from €17,409 to €0
- Tangible fixed assets -€14,276
down €14,276 (-12.7%), from €112,049 to €97,774
of which Land and buildings: -€9,809
- Trade debts +€15,865
up €15,865 (+117%), from €13,614 to €29,478
- Tax, wage and social debts +€9,961
up €9,961 (+48.6%), from €20,482 to €30,443
of which Remuneration and social security: +€6,557
- Debts after one year -€9,957
down €9,957 (-16.9%), from €58,765 to €48,808
- Gross operating margin +€41,512
up €41,512 (+26.5%), from €156,584 to €198,095
- Taxes +€9,432
up €9,432 (+106%), from €8,889 to €18,321
- Staff costs -€2,885
down €2,885 (-2.6%), from €110,812 to €107,926
- Depreciation +€2,736
up €2,736 (+20.0%), from €13,700 to €16,436
- Financial charges +€2,665
up €2,665 (+118%), from €2,260 to €4,925
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 | €467,150 | €487,817 | +€20,667 | +4.4% |
| Fixed assets | 21/28 | €112,049 | €97,774 | -€14,276 | -12.7% |
| Tangible fixed assets | 22/27 | €112,049 | €97,774 | -€14,276 | -12.7% |
| Land and buildings | 22 | €84,503 | €74,694 | -€9,809 | -11.6% |
| Plant, machinery and equipment | 23 | €208 | €1,948 | +€1,740 | +838% |
| Furniture and vehicles | 24 | €27,338 | €21,132 | -€6,207 | -22.7% |
| Current assets | 29/58 | €355,101 | €390,043 | +€34,942 | +9.8% |
| Amounts receivable after more than one year | 29 | €17,409 | €0 | -€17,409 | -100% |
| Other amounts receivable | 291 | €17,409 | €0 | -€17,409 | -100% |
| Stocks and contracts in progress | 3 | €4,114 | €2,192 | -€1,922 | -46.7% |
| Stocks | 30/36 | €4,114 | €2,192 | -€1,922 | -46.7% |
| Amounts receivable within one year | 40/41 | €119,910 | €99,496 | -€20,414 | -17.0% |
| Trade receivables | 40 | €41,491 | €31,701 | -€9,789 | -23.6% |
| Other amounts receivable | 41 | €78,419 | €67,795 | -€10,624 | -13.5% |
| Cash at bank and in hand | 54/58 | €209,738 | €248,042 | +€38,304 | +18.3% |
| Deferred charges and accrued income | 490/1 | €3,930 | €40,313 | +€36,383 | +926% |
| Total equity and liabilities | 10/49 | €467,150 | €487,817 | +€20,667 | +4.4% |
| Equity | 10/15 | €359,332 | €363,324 | +€3,992 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €346,932 | €350,924 | +€3,992 | +1.2% |
| Distributable reserves | 133 | €346,932 | €350,924 | +€3,992 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,818 | €124,492 | +€16,675 | +15.5% |
| Amounts payable after more than one year | 17 | €58,765 | €48,808 | -€9,957 | -16.9% |
| Financial debts | 170/4 | €58,765 | €48,808 | -€9,957 | -16.9% |
| Amounts payable within one year | 42/48 | €48,989 | €75,684 | +€26,695 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €14,061 | €10,782 | -€3,279 | -23.3% |
| Trade debts | 44 | €13,614 | €29,478 | +€15,865 | +117% |
| Suppliers | 440/4 | €13,614 | €29,478 | +€15,865 | +117% |
| Taxes, remuneration and social security | 45 | €20,482 | €30,443 | +€9,961 | +48.6% |
| Taxes | 450/3 | €9,268 | €12,672 | +€3,404 | +36.7% |
| Remuneration and social security | 454/9 | €11,213 | €17,770 | +€6,557 | +58.5% |
| Other amounts payable | 47/48 | €833 | €4,981 | +€4,148 | +498% |
| Accrued charges and deferred income | 492/3 | €63 | €0 | -€63 | -100% |
| Non-recurring operating income | 76A | €12,985 | €5,989 | -€6,996 | -53.9% |
| Remuneration, social security and pensions | 62 | €110,812 | €107,926 | -€2,885 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,700 | €16,436 | +€2,736 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€215 | €0 | +€215 | |
| Other operating charges | 640/8 | €4,519 | €5,942 | +€1,423 | +31.5% |
| Gross operating margin | 9900 | €156,584 | €198,095 | +€41,512 | +26.5% |
| Operating profit (loss) | 9901 | €27,768 | €67,791 | +€40,023 | +144% |
| Financial income | 75/76B | €4,213 | €3,868 | -€345 | -8.2% |
| Recurring financial income | 75 | €4,213 | €3,868 | -€345 | -8.2% |
| Financial charges | 65/66B | €2,260 | €4,925 | +€2,665 | +118% |
| Recurring financial charges | 65 | €2,260 | €4,925 | +€2,665 | +118% |
| Profit (loss) for the period before taxes | 9903 | €29,721 | €66,734 | +€37,013 | +125% |
| Income taxes | 67/77 | €8,889 | €18,321 | +€9,432 | +106% |
| Profit (loss) for the period | 9904 | €20,832 | €48,413 | +€27,581 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €20,832 | €48,413 | +€27,581 | +132% |
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 13 October 2026 via checked.be.