NEIRYNCK 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.
NEIRYNCK SECURITY
Largest movements
- Cash -€45,217
down €45,217 (-46.1%), from €98,151 to €52,935
mainly Investment in fixed assets (net) (-€55,863) and Contributions, distributions and other (-€28,600)
- Tangible fixed assets +€43,612
up €43,612 (+610.1%), from €7,148 to €50,760
of which Furniture and vehicles: +€44,771
- Receivables within one year -€23,998
down €23,998 (-20.6%), from €116,683 to €92,686
of which Trade receivables: -€15,296
- Current investments +€12,098
up €12,098 (+92.8%), from €13,034 to €25,133
- Stocks and contracts +€6,020
up €6,020 (+5.8%), from €103,654 to €109,674
- Current portion of long-term debt -€20,017
down €20,017 (-34.6%), from €57,825 to €37,808
- Profit (loss) carried forward +€15,231
up €15,231 (+11.2%), from €135,629 to €150,860
- Debts after one year -€9,822
down €9,822 (-32.1%), from €30,563 to €20,740
- Other debts +€7,150
up €7,150 (+33.3%), from €21,450 to €28,600
- Turnover -€56,273
down €56,273 (-6.2%), from €914,979 to €858,706
- Purchases and services -€51,896
down €51,896 (-7.0%), from €739,733 to €687,836
- Staff costs +€38,088
up €38,088 (+64.0%), from €59,502 to €97,591
- Gross operating margin -€12,622
down €12,622 (-6.9%), from €183,492 to €170,870
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 | €344,520 | €335,323 | -€9,197 | -2.7% |
| Fixed assets | 21/28 | €7,289 | €50,902 | +€43,612 | +598.3% |
| Tangible fixed assets | 22/27 | €7,148 | €50,760 | +€43,612 | +610.1% |
| Plant, machinery and equipment | 23 | €1,976 | €817 | -€1,159 | -58.7% |
| Furniture and vehicles | 24 | €5,172 | €49,944 | +€44,771 | +865.6% |
| Financial fixed assets | 28 | €141 | €141 | = | 0.0% |
| Current assets | 29/58 | €337,231 | €284,421 | -€52,809 | -15.7% |
| Stocks and contracts in progress | 3 | €103,654 | €109,674 | +€6,020 | +5.8% |
| Stocks | 30/36 | €103,654 | €109,674 | +€6,020 | +5.8% |
| Amounts receivable within one year | 40/41 | €116,683 | €92,686 | -€23,998 | -20.6% |
| Trade receivables | 40 | €107,646 | €92,350 | -€15,296 | -14.2% |
| Other amounts receivable | 41 | €9,037 | €335 | -€8,702 | -96.3% |
| Current investments | 50/53 | €13,034 | €25,133 | +€12,098 | +92.8% |
| Cash at bank and in hand | 54/58 | €98,151 | €52,935 | -€45,217 | -46.1% |
| Deferred charges and accrued income | 490/1 | €5,708 | €3,994 | -€1,713 | -30.0% |
| Total equity and liabilities | 10/49 | €344,520 | €335,323 | -€9,197 | -2.7% |
| Equity | 10/15 | €156,594 | €171,825 | +€15,231 | +9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,373 | €2,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €514 | €514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,629 | €150,860 | +€15,231 | +11.2% |
| Amounts payable | 17/49 | €187,926 | €163,498 | -€24,428 | -13.0% |
| Amounts payable after more than one year | 17 | €30,563 | €20,740 | -€9,822 | -32.1% |
| Financial debts | 170/4 | €30,563 | €20,740 | -€9,822 | -32.1% |
| Amounts payable within one year | 42/48 | €157,364 | €142,758 | -€14,605 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €57,825 | €37,808 | -€20,017 | -34.6% |
| Trade debts | 44 | €70,984 | €68,213 | -€2,771 | -3.9% |
| Suppliers | 440/4 | €70,984 | €68,213 | -€2,771 | -3.9% |
| Advances received on contracts in progress | 46 | €1,139 | €1,139 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,966 | €6,998 | +€1,032 | +17.3% |
| Taxes | 450/3 | €5,966 | €6,998 | +€1,032 | +17.3% |
| Other amounts payable | 47/48 | €21,450 | €28,600 | +€7,150 | +33.3% |
| Turnover | 70 | €914,979 | €858,706 | -€56,273 | -6.2% |
| Non-recurring operating income | 76A | €8,245 | - | -€8,245 | |
| Goods, raw materials, services and sundry goods | 60/61 | €739,733 | €687,836 | -€51,896 | -7.0% |
| Remuneration, social security and pensions | 62 | €59,502 | €97,591 | +€38,088 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,488 | €12,251 | +€8,763 | +251.3% |
| Other operating charges | 640/8 | €4,232 | €3,458 | -€775 | -18.3% |
| Gross operating margin | 9900 | €183,492 | €170,870 | -€12,622 | -6.9% |
| Operating profit (loss) | 9901 | €116,270 | €57,571 | -€58,699 | -50.5% |
| Financial income | 75/76B | €3,230 | €1,254 | -€1,976 | -61.2% |
| Recurring financial income | 75 | €3,230 | €1,254 | -€1,976 | -61.2% |
| Financial charges | 65/66B | €6,063 | €3,170 | -€2,893 | -47.7% |
| Recurring financial charges | 65 | €6,063 | €3,170 | -€2,893 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €113,437 | €55,655 | -€57,782 | -50.9% |
| Income taxes | 67/77 | €17,966 | €11,824 | -€6,142 | -34.2% |
| Profit (loss) for the period | 9904 | €95,471 | €43,831 | -€51,640 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,471 | €43,831 | -€51,640 | -54.1% |
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 10 October 2026 via checked.be.