PPS 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.
PPS SECURITY
Largest movements
- Tangible fixed assets +€23,263
up €23,263, from €0 to €23,263
- Cash +€21,300
up €21,300 (+18.9%), from €112,584 to €133,884
mainly Net result for the year (+€99,938) and Trade debts (+€24,398)
- Receivables within one year +€6,022
up €6,022 (+23.7%), from €25,422 to €31,444
of which Other amounts receivable: +€3,724
- Trade debts +€24,398
up €24,398 (+794%), from €3,074 to €27,471
- Debts after one year +€13,057
new in 2025: €13,057
- Profit (loss) carried forward +€9,938
up €9,938 (+22.7%), from €43,752 to €53,691
- Contributions -€9,000
down €9,000 (-92.3%), from €9,750 to €750
- Other debts +€6,000
up €6,000 (+10.5%), from €57,000 to €63,000
- Gross operating margin +€9,604
up €9,604 (+7.4%), from €130,170 to €139,773
- Depreciation +€4,563
new in 2025: €4,563
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 | €139,865 | €190,670 | +€50,805 | +36.3% |
| Fixed assets | 21/28 | €112 | €23,375 | +€23,263 | +20,696% |
| Tangible fixed assets | 22/27 | €0 | €23,263 | +€23,263 | |
| Furniture and vehicles | 24 | €0 | €23,263 | +€23,263 | |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €139,752 | €167,295 | +€27,543 | +19.7% |
| Stocks and contracts in progress | 3 | €878 | €1,295 | +€417 | +47.5% |
| Stocks | 30/36 | €878 | €1,295 | +€417 | +47.5% |
| Amounts receivable within one year | 40/41 | €25,422 | €31,444 | +€6,022 | +23.7% |
| Trade receivables | 40 | €24,087 | €26,385 | +€2,298 | +9.5% |
| Other amounts receivable | 41 | €1,335 | €5,059 | +€3,724 | +279% |
| Cash at bank and in hand | 54/58 | €112,584 | €133,884 | +€21,300 | +18.9% |
| Deferred charges and accrued income | 490/1 | €868 | €671 | -€197 | -22.7% |
| Total equity and liabilities | 10/49 | €139,865 | €190,670 | +€50,805 | +36.3% |
| Equity | 10/15 | €55,362 | €56,301 | +€938 | +1.7% |
| Contributions | 10/11 | €9,750 | €750 | -€9,000 | -92.3% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,752 | €53,691 | +€9,938 | +22.7% |
| Amounts payable | 17/49 | €84,502 | €134,369 | +€49,867 | +59.0% |
| Amounts payable after more than one year | 17 | - | €13,057 | +€13,057 | |
| Financial debts | 170/4 | - | €13,057 | +€13,057 | |
| Amounts payable within one year | 42/48 | €84,502 | €121,312 | +€36,810 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,840 | +€3,840 | |
| Trade debts | 44 | €3,074 | €27,471 | +€24,398 | +794% |
| Suppliers | 440/4 | €3,074 | €27,471 | +€24,398 | +794% |
| Taxes, remuneration and social security | 45 | €24,429 | €27,000 | +€2,571 | +10.5% |
| Taxes | 450/3 | €24,429 | €27,000 | +€2,571 | +10.5% |
| Other amounts payable | 47/48 | €57,000 | €63,000 | +€6,000 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,563 | +€4,563 | |
| Other operating charges | 640/8 | €600 | €497 | -€103 | -17.1% |
| Gross operating margin | 9900 | €130,170 | €139,773 | +€9,604 | +7.4% |
| Operating profit (loss) | 9901 | €129,570 | €134,713 | +€5,144 | +4.0% |
| Financial income | 75/76B | €59 | €137 | +€78 | +131% |
| Recurring financial income | 75 | €59 | €137 | +€78 | +131% |
| Financial charges | 65/66B | €437 | €1,078 | +€641 | +147% |
| Recurring financial charges | 65 | €437 | €1,078 | +€641 | +147% |
| Profit (loss) for the period before taxes | 9903 | €129,193 | €133,773 | +€4,580 | +3.5% |
| Income taxes | 67/77 | €32,813 | €33,834 | +€1,021 | +3.1% |
| Profit (loss) for the period | 9904 | €96,380 | €99,938 | +€3,559 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,380 | €99,938 | +€3,559 | +3.7% |
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 15 October 2026 via checked.be.