OLSECURITY: 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.
OLSECURITY
Largest movements
- Tangible fixed assets +€319,099
up €319,099 (+1,133%), from €28,153 to €347,252
of which Land and buildings: +€335,700
- Receivables within one year +€45,862
up €45,862 (+223%), from €20,582 to €66,444
of which Trade receivables: +€44,874
- Cash +€35,606
up €35,606 (+37.6%), from €94,665 to €130,271
mainly Debts after one year (+€282,804) and Net result for the year (+€101,973)
- Intangible fixed assets +€20,273
up €20,273 (+56.8%), from €35,664 to €55,937
- Deferred charges and accrued income -€7,314
no longer reported in 2025 (was €7,314)
- Debts after one year +€282,804
new in 2025: €282,804
- Profit (loss) carried forward +€101,973
up €101,973 (+158%), from €64,742 to €166,715
- Tax, wage and social debts +€16,356
up €16,356 (+103%), from €15,888 to €32,244
- Current portion of long-term debt +€15,148
new in 2025: €15,148
- Other debts +€10,852
up €10,852 (+19.0%), from €57,215 to €68,068
- Gross operating margin +€75,574
up €75,574 (+80.3%), from €94,130 to €169,704
- Taxes +€11,566
up €11,566 (+72.3%), from €16,004 to €27,570
- Depreciation +€11,003
up €11,003 (+102%), from €10,839 to €21,842
- Financial charges +€8,746
up €8,746 (+4,720%), from €185 to €8,931
- Other operating charges +€1,880
up €1,880 (+79.7%), from €2,359 to €4,239
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 | €189,352 | €599,903 | +€410,551 | +217% |
| Fixed assets | 21/28 | €63,817 | €403,189 | +€339,372 | +532% |
| Intangible fixed assets | 21 | €35,664 | €55,937 | +€20,273 | +56.8% |
| Tangible fixed assets | 22/27 | €28,153 | €347,252 | +€319,099 | +1,133% |
| Land and buildings | 22 | - | €335,700 | +€335,700 | |
| Plant, machinery and equipment | 23 | €13,634 | €10,719 | -€2,915 | -21.4% |
| Furniture and vehicles | 24 | €14,519 | €833 | -€13,686 | -94.3% |
| Current assets | 29/58 | €125,535 | €196,715 | +€71,179 | +56.7% |
| Stocks and contracts in progress | 3 | €2,975 | - | -€2,975 | |
| Stocks | 30/36 | €2,975 | - | -€2,975 | |
| Amounts receivable within one year | 40/41 | €20,582 | €66,444 | +€45,862 | +223% |
| Trade receivables | 40 | €19,693 | €64,568 | +€44,874 | +228% |
| Other amounts receivable | 41 | €888 | €1,876 | +€988 | +111% |
| Cash at bank and in hand | 54/58 | €94,665 | €130,271 | +€35,606 | +37.6% |
| Deferred charges and accrued income | 490/1 | €7,314 | - | -€7,314 | |
| Total equity and liabilities | 10/49 | €189,352 | €599,903 | +€410,551 | +217% |
| Equity | 10/15 | €74,742 | €176,715 | +€101,973 | +136% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Share premium | 1100/10 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,742 | €166,715 | +€101,973 | +158% |
| Amounts payable | 17/49 | €114,611 | €423,189 | +€308,578 | +269% |
| Amounts payable after more than one year | 17 | - | €282,804 | +€282,804 | |
| Financial debts | 170/4 | - | €282,804 | +€282,804 | |
| Amounts payable within one year | 42/48 | €99,688 | €133,137 | +€33,449 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | - | €15,148 | +€15,148 | |
| Trade debts | 44 | €25,348 | €16,440 | -€8,907 | -35.1% |
| Suppliers | 440/4 | €25,348 | €16,440 | -€8,907 | -35.1% |
| Advances received on contracts in progress | 46 | €1,238 | €1,238 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,888 | €32,244 | +€16,356 | +103% |
| Taxes | 450/3 | €15,888 | €32,244 | +€16,356 | +103% |
| Other amounts payable | 47/48 | €57,215 | €68,068 | +€10,852 | +19.0% |
| Accrued charges and deferred income | 492/3 | €14,922 | €7,247 | -€7,675 | -51.4% |
| Remuneration, social security and pensions | 62 | - | €577 | +€577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,839 | €21,842 | +€11,003 | +102% |
| Other operating charges | 640/8 | €2,359 | €4,239 | +€1,880 | +79.7% |
| Non-recurring operating charges | 66A | - | €4,578 | +€4,578 | |
| Gross operating margin | 9900 | €94,130 | €169,704 | +€75,574 | +80.3% |
| Operating profit (loss) | 9901 | €80,931 | €138,469 | +€57,537 | +71.1% |
| Financial income | 75/76B | €0 | €6 | +€6 | +19,900% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +19,900% |
| Financial charges | 65/66B | €185 | €8,931 | +€8,746 | +4,720% |
| Recurring financial charges | 65 | €185 | €8,931 | +€8,746 | +4,720% |
| Profit (loss) for the period before taxes | 9903 | €80,746 | €129,543 | +€48,797 | +60.4% |
| Income taxes | 67/77 | €16,004 | €27,570 | +€11,566 | +72.3% |
| Profit (loss) for the period | 9904 | €64,742 | €101,973 | +€37,231 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,742 | €101,973 | +€37,231 | +57.5% |
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 22 October 2026 via checked.be.