O'SECUR: 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.
O'SECUR
Largest movements
- Tangible fixed assets +€74,274
up €74,274 (+139%), from €53,323 to €127,598
of which Furniture and vehicles: +€77,476
- Cash +€44,915
up €44,915 (+13.7%), from €327,163 to €372,078
mainly Net result for the year (+€117,387) and Tax, wage and social debts (+€57,774)
- Receivables within one year +€12,764
up €12,764 (+22.5%), from €56,766 to €69,530
of which Other amounts receivable: +€9,798
- Reserves +€83,584
up €83,584 (+31.3%), from €266,636 to €350,220
- Tax, wage and social debts +€57,774
up €57,774 (+117%), from €49,359 to €107,133
of which Taxes: +€57,000
- Debts after one year -€22,680
down €22,680 (-35.7%), from €63,610 to €40,930
- Other debts +€20,436
new in 2025: €20,436
- Advances received -€11,528
down €11,528 (-73.7%), from €15,645 to €4,118
- Gross operating margin +€74,826
up €74,826 (+29.0%), from €257,984 to €332,810
- Other operating charges -€31,823
down €31,823 (-93.9%), from €33,873 to €2,050
- Taxes +€30,552
up €30,552 (+99.1%), from €30,828 to €61,380
- Depreciation +€18,736
up €18,736 (+250%), from €7,489 to €26,225
- Staff costs -€8,429
down €8,429 (-6.5%), from €129,925 to €121,496
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 | €452,547 | €578,609 | +€126,062 | +27.9% |
| Fixed assets | 21/28 | €53,810 | €128,085 | +€74,274 | +138% |
| Tangible fixed assets | 22/27 | €53,323 | €127,598 | +€74,274 | +139% |
| Land and buildings | 22 | €35,374 | €33,208 | -€2,166 | -6.1% |
| Plant, machinery and equipment | 23 | €1,465 | €860 | -€605 | -41.3% |
| Furniture and vehicles | 24 | €14,045 | €91,521 | +€77,476 | +552% |
| Other tangible fixed assets | 26 | €2,440 | €2,009 | -€431 | -17.7% |
| Financial fixed assets | 28 | €487 | €487 | = | 0.0% |
| Current assets | 29/58 | €398,736 | €450,525 | +€51,788 | +13.0% |
| Stocks and contracts in progress | 3 | €10,780 | €6,254 | -€4,526 | -42.0% |
| Stocks | 30/36 | €10,780 | €6,254 | -€4,526 | -42.0% |
| Amounts receivable within one year | 40/41 | €56,766 | €69,530 | +€12,764 | +22.5% |
| Trade receivables | 40 | €37,181 | €40,147 | +€2,967 | +8.0% |
| Other amounts receivable | 41 | €19,585 | €29,383 | +€9,798 | +50.0% |
| Cash at bank and in hand | 54/58 | €327,163 | €372,078 | +€44,915 | +13.7% |
| Deferred charges and accrued income | 490/1 | €4,028 | €2,662 | -€1,365 | -33.9% |
| Total equity and liabilities | 10/49 | €452,547 | €578,609 | +€126,062 | +27.9% |
| Equity | 10/15 | €272,836 | €356,420 | +€83,584 | +30.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €266,636 | €350,220 | +€83,584 | +31.3% |
| Distributable reserves | 133 | €266,636 | €350,220 | +€83,584 | +31.3% |
| Amounts payable | 17/49 | €179,711 | €222,189 | +€42,478 | +23.6% |
| Amounts payable after more than one year | 17 | €63,610 | €40,930 | -€22,680 | -35.7% |
| Financial debts | 170/4 | €63,610 | €40,930 | -€22,680 | -35.7% |
| Amounts payable within one year | 42/48 | €111,969 | €181,260 | +€69,291 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €27,587 | €22,680 | -€4,906 | -17.8% |
| Trade debts | 44 | €19,379 | €26,893 | +€7,515 | +38.8% |
| Suppliers | 440/4 | €19,379 | €26,893 | +€7,515 | +38.8% |
| Advances received on contracts in progress | 46 | €15,645 | €4,118 | -€11,528 | -73.7% |
| Taxes, remuneration and social security | 45 | €49,359 | €107,133 | +€57,774 | +117% |
| Taxes | 450/3 | €35,505 | €92,504 | +€57,000 | +161% |
| Remuneration and social security | 454/9 | €13,854 | €14,628 | +€775 | +5.6% |
| Other amounts payable | 47/48 | - | €20,436 | +€20,436 | |
| Accrued charges and deferred income | 492/3 | €4,132 | - | -€4,132 | |
| Non-recurring operating income | 76A | €23,517 | €306 | -€23,211 | -98.7% |
| Remuneration, social security and pensions | 62 | €129,925 | €121,496 | -€8,429 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,489 | €26,225 | +€18,736 | +250% |
| Other operating charges | 640/8 | €33,873 | €2,050 | -€31,823 | -93.9% |
| Gross operating margin | 9900 | €257,984 | €332,810 | +€74,826 | +29.0% |
| Operating profit (loss) | 9901 | €86,697 | €183,039 | +€96,342 | +111% |
| Financial income | 75/76B | €612 | €1,885 | +€1,273 | +208% |
| Recurring financial income | 75 | €612 | €1,885 | +€1,273 | +208% |
| Financial charges | 65/66B | €6,502 | €6,157 | -€345 | -5.3% |
| Recurring financial charges | 65 | €6,502 | €6,157 | -€345 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €80,807 | €178,767 | +€97,959 | +121% |
| Income taxes | 67/77 | €30,828 | €61,380 | +€30,552 | +99.1% |
| Profit (loss) for the period | 9904 | €49,979 | €117,387 | +€67,407 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €49,979 | €117,387 | +€67,407 | +135% |
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 16 October 2026 via checked.be.