New Security Concept: what changed
New Security Concept
Largest movements
- Cash +€50,902
up €50,902 (+606%), from €8,400 to €59,302
mainly Trade debts (+€84,053) and Depreciation (+€2,707)
- Receivables within one year +€34,817
up €34,817 (+32.1%), from €108,542 to €143,359
of which Other amounts receivable: +€50,655
- Tangible fixed assets -€2,707
down €2,707 (-34.0%), from €7,960 to €5,253
- Trade debts +€84,053
up €84,053 (+91.7%), from €91,680 to €175,732
- Tax, wage and social debts -€2,348
down €2,348 (-44.4%), from €5,288 to €2,940
of which Taxes: -€2,348
- Gross operating margin +€24,737
up €24,737, from -€7,968 to €16,769
- Other operating charges +€4,280
up €4,280 (+136%), from €3,139 to €7,418
- Taxes +€2,234
up €2,234 (+316%), from €707 to €2,940
- Depreciation +€1,527
up €1,527 (+129%), from €1,180 to €2,707
- Financial income -€959
down €959 (-70.6%), from €1,359 to €400
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,321 | €208,473 | +€83,153 | +66.4% |
| Fixed assets | 21/28 | €7,960 | €5,253 | -€2,707 | -34.0% |
| Tangible fixed assets | 22/27 | €7,960 | €5,253 | -€2,707 | -34.0% |
| Furniture and vehicles | 24 | €7,960 | €5,253 | -€2,707 | -34.0% |
| Current assets | 29/58 | €117,361 | €203,221 | +€85,860 | +73.2% |
| Amounts receivable within one year | 40/41 | €108,542 | €143,359 | +€34,817 | +32.1% |
| Trade receivables | 40 | €64,978 | €49,140 | -€15,838 | -24.4% |
| Other amounts receivable | 41 | €43,564 | €94,219 | +€50,655 | +116% |
| Cash at bank and in hand | 54/58 | €8,400 | €59,302 | +€50,902 | +606% |
| Deferred charges and accrued income | 490/1 | €419 | €560 | +€141 | +33.5% |
| Total equity and liabilities | 10/49 | €125,321 | €208,473 | +€83,153 | +66.4% |
| Equity | 10/15 | €28,341 | €29,798 | +€1,457 | +5.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €28,241 | €29,698 | +€1,457 | +5.2% |
| Distributable reserves | 133 | €28,241 | €29,698 | +€1,457 | +5.2% |
| Amounts payable | 17/49 | €96,979 | €178,676 | +€81,696 | +84.2% |
| Amounts payable within one year | 42/48 | €96,979 | €178,676 | +€81,696 | +84.2% |
| Trade debts | 44 | €91,680 | €175,732 | +€84,053 | +91.7% |
| Suppliers | 440/4 | €91,680 | €175,732 | +€84,053 | +91.7% |
| Taxes, remuneration and social security | 45 | €5,288 | €2,940 | -€2,348 | -44.4% |
| Taxes | 450/3 | €5,288 | €2,940 | -€2,348 | -44.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12 | €3 | -€9 | -75.2% |
| Remuneration, social security and pensions | 62 | -€68 | €0 | +€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €2,707 | +€1,527 | +129% |
| Other operating charges | 640/8 | €3,139 | €7,418 | +€4,280 | +136% |
| Gross operating margin | 9900 | -€7,968 | €16,769 | +€24,737 | |
| Operating profit (loss) | 9901 | -€12,218 | €6,644 | +€18,862 | |
| Financial income | 75/76B | €1,359 | €400 | -€959 | -70.6% |
| Recurring financial income | 75 | €1,359 | €400 | -€959 | -70.6% |
| Financial charges | 65/66B | €2,170 | €2,647 | +€477 | +22.0% |
| Recurring financial charges | 65 | €2,170 | €2,647 | +€477 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,029 | €4,397 | +€17,426 | |
| Income taxes | 67/77 | €707 | €2,940 | +€2,234 | +316% |
| Profit (loss) for the period | 9904 | -€13,735 | €1,457 | +€15,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,735 | €1,457 | +€15,192 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.