Persistent Security Industries: 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.
Persistent Security Industries
Largest movements
- Cash -€448,447
down €448,447 (-72.3%), from €620,157 to €171,710
mainly Investment in fixed assets (net) (-€594,528) and Receivables within one year (-€162,111)
- Intangible fixed assets +€383,683
up €383,683 (+60.7%), from €631,657 to €1.0m
- Receivables within one year +€162,111
up €162,111 (+125%), from €129,425 to €291,536
of which Trade receivables: +€170,313
- Tangible fixed assets -€22,231
down €22,231 (-42.9%), from €51,839 to €29,609
- Profit (loss) carried forward +€94,425
up €94,425 (+15.3%), from -€617,779 to -€523,355
- Trade debts -€20,948
down €20,948 (-56.9%), from €36,813 to €15,865
- Gross operating margin +€773,769
up €773,769, from -€38,752 to €735,017
- Depreciation +€96,008
up €96,008 (+69.8%), from €137,516 to €233,524
- Staff costs +€76,885
up €76,885 (+23.4%), from €329,020 to €405,905
- Financial charges -€68,566
down €68,566 (-99.0%), from €69,271 to €705
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 | €1,446,747 | €1,520,559 | +€73,812 | +5.1% |
| Formation expenses | 20 | €1,176 | €728 | -€448 | -38.1% |
| Fixed assets | 21/28 | €693,496 | €1,054,948 | +€361,452 | +52.1% |
| Intangible fixed assets | 21 | €631,657 | €1,015,340 | +€383,683 | +60.7% |
| Tangible fixed assets | 22/27 | €51,839 | €29,609 | -€22,231 | -42.9% |
| Furniture and vehicles | 24 | €51,839 | €29,609 | -€22,231 | -42.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €752,075 | €464,882 | -€287,193 | -38.2% |
| Amounts receivable within one year | 40/41 | €129,425 | €291,536 | +€162,111 | +125% |
| Trade receivables | 40 | €117,415 | €287,728 | +€170,313 | +145% |
| Other amounts receivable | 41 | €12,010 | €3,808 | -€8,202 | -68.3% |
| Cash at bank and in hand | 54/58 | €620,157 | €171,710 | -€448,447 | -72.3% |
| Deferred charges and accrued income | 490/1 | €2,493 | €1,636 | -€857 | -34.4% |
| Total equity and liabilities | 10/49 | €1,446,747 | €1,520,559 | +€73,812 | +5.1% |
| Equity | 10/15 | €1,376,334 | €1,470,758 | +€94,425 | +6.9% |
| Contributions | 10/11 | €1,994,113 | €1,994,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€617,779 | -€523,355 | +€94,425 | +15.3% |
| Amounts payable | 17/49 | €70,413 | €49,800 | -€20,613 | -29.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €70,413 | €49,800 | -€20,613 | -29.3% |
| Trade debts | 44 | €36,813 | €15,865 | -€20,948 | -56.9% |
| Suppliers | 440/4 | €36,813 | €15,865 | -€20,948 | -56.9% |
| Taxes, remuneration and social security | 45 | €28,340 | €30,975 | +€2,635 | +9.3% |
| Taxes | 450/3 | €460 | €246 | -€214 | -46.6% |
| Remuneration and social security | 454/9 | €27,880 | €30,730 | +€2,850 | +10.2% |
| Other amounts payable | 47/48 | €5,260 | €2,960 | -€2,300 | -43.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €329,020 | €405,905 | +€76,885 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,516 | €233,524 | +€96,008 | +69.8% |
| Other operating charges | 640/8 | €704 | €894 | +€190 | +27.0% |
| Gross operating margin | 9900 | -€38,752 | €735,017 | +€773,769 | |
| Operating profit (loss) | 9901 | -€505,992 | €94,694 | +€600,686 | |
| Financial income | 75/76B | €0 | €681 | +€681 | |
| Recurring financial income | 75 | €0 | €681 | +€681 | |
| Financial charges | 65/66B | €69,271 | €705 | -€68,566 | -99.0% |
| Recurring financial charges | 65 | €69,271 | €705 | -€68,566 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€575,263 | €94,670 | +€669,933 | |
| Income taxes | 67/77 | €230 | €246 | +€16 | +6.8% |
| Profit (loss) for the period | 9904 | -€575,493 | €94,425 | +€669,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€575,493 | €94,425 | +€669,917 |
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 21 October 2026 via checked.be.