Royal 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.
Royal Security
Largest movements
- Tangible fixed assets -€6,060
down €6,060 (-34.6%), from €17,520 to €11,460
- Cash -€3,910
down €3,910 (-63.1%), from €6,200 to €2,290
mainly Debts after one year (-€6,664) and Net result for the year (-€6,545)
- Receivables within one year -€3,194
down €3,194 (-28.4%), from €11,250 to €8,056
of which Other amounts receivable: -€3,469
- Debts after one year -€6,664
down €6,664 (-79.5%), from €8,387 to €1,723
- Profit (loss) carried forward -€6,545
down €6,545, from €5,994 to -€551
- Tax, wage and social debts -€6,527
down €6,527 (-67.3%), from €9,693 to €3,166
- Other debts +€6,160
new in 2025: €6,160
- Current portion of long-term debt +€353
up €353 (+5.6%), from €6,311 to €6,664
- Gross operating margin -€10,039
down €10,039 (-91.0%), from €11,030 to €992
- Other operating charges -€1,107
down €1,107 (-45.0%), from €2,458 to €1,351
- Taxes -€570
no longer reported in 2025 (was €570)
- Depreciation -€529
down €529 (-8.9%), from €5,928 to €5,399
- Financial charges -€414
down €414 (-34.4%), from €1,201 to €788
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.
Cash bridge derived
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 | €35,250 | €21,806 | -€13,445 | -38.1% |
| Fixed assets | 21/28 | €17,520 | €11,460 | -€6,060 | -34.6% |
| Tangible fixed assets | 22/27 | €17,520 | €11,460 | -€6,060 | -34.6% |
| Furniture and vehicles | 24 | €17,520 | €11,460 | -€6,060 | -34.6% |
| Current assets | 29/58 | €17,731 | €10,346 | -€7,385 | -41.7% |
| Amounts receivable within one year | 40/41 | €11,250 | €8,056 | -€3,194 | -28.4% |
| Trade receivables | 40 | €7,490 | €7,765 | +€275 | +3.7% |
| Other amounts receivable | 41 | €3,760 | €291 | -€3,469 | -92.3% |
| Cash at bank and in hand | 54/58 | €6,200 | €2,290 | -€3,910 | -63.1% |
| Deferred charges and accrued income | 490/1 | €281 | - | -€281 | |
| Total equity and liabilities | 10/49 | €35,250 | €21,806 | -€13,445 | -38.1% |
| Equity | 10/15 | €8,494 | €1,949 | -€6,545 | -77.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,994 | -€551 | -€6,545 | |
| Amounts payable | 17/49 | €26,757 | €19,857 | -€6,900 | -25.8% |
| Amounts payable after more than one year | 17 | €8,387 | €1,723 | -€6,664 | -79.5% |
| Financial debts | 170/4 | €8,387 | €1,723 | -€6,664 | -79.5% |
| Amounts payable within one year | 42/48 | €18,370 | €18,133 | -€236 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €6,311 | €6,664 | +€353 | +5.6% |
| Trade debts | 44 | €2,366 | €2,144 | -€222 | -9.4% |
| Suppliers | 440/4 | €2,366 | €2,144 | -€222 | -9.4% |
| Taxes, remuneration and social security | 45 | €9,693 | €3,166 | -€6,527 | -67.3% |
| Taxes | 450/3 | €9,693 | €3,166 | -€6,527 | -67.3% |
| Other amounts payable | 47/48 | - | €6,160 | +€6,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,928 | €5,399 | -€529 | -8.9% |
| Other operating charges | 640/8 | €2,458 | €1,351 | -€1,107 | -45.0% |
| Gross operating margin | 9900 | €11,030 | €992 | -€10,039 | -91.0% |
| Operating profit (loss) | 9901 | €2,644 | -€5,758 | -€8,403 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +222.6% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +222.6% |
| Financial charges | 65/66B | €1,201 | €788 | -€414 | -34.4% |
| Recurring financial charges | 65 | €1,201 | €788 | -€414 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €1,443 | -€6,545 | -€7,988 | |
| Income taxes | 67/77 | €570 | - | -€570 | |
| Profit (loss) for the period | 9904 | €873 | -€6,545 | -€7,418 | |
| Profit (loss) for the period to be appropriated | 9905 | €873 | -€6,545 | -€7,418 |
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 12 October 2026 via checked.be.