SAFETY & SECURITY PROCEDURES: 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.
SAFETY & SECURITY PROCEDURES
Largest movements
- Receivables within one year -€28,300
down €28,300 (-30.6%), from €92,617 to €64,318
of which Trade receivables: -€18,777
- Tangible fixed assets -€9,060
down €9,060 (-8.5%), from €106,126 to €97,066
- Cash +€5,438
up €5,438 (+52.8%), from €10,294 to €15,732
mainly Receivables within one year (+€28,300) and Depreciation (+€26,245)
- Debts after one year -€16,030
down €16,030 (-43.5%), from €36,885 to €20,855
- Trade debts -€14,545
down €14,545 (-74.1%), from €19,638 to €5,093
- Current portion of long-term debt -€9,799
down €9,799 (-37.9%), from €25,829 to €16,030
- Other debts +€8,389
up €8,389 (+878.9%), from €954 to €9,343
- Tax, wage and social debts -€7,202
down €7,202 (-73.0%), from €9,861 to €2,659
- Gross operating margin -€21,883
down €21,883 (-36.7%), from €59,588 to €37,704
- Taxes -€11,267
down €11,267 (-94.2%), from €11,963 to €696
- Depreciation +€5,989
up €5,989 (+29.6%), from €20,256 to €26,245
- Financial income -€1,737
down €1,737 (-80.5%), from €2,157 to €420
- Write-downs -€1,284
no longer reported in 2025 (was €1,284)
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 | €213,530 | €181,304 | -€32,226 | -15.1% |
| Fixed assets | 21/28 | €106,126 | €97,066 | -€9,060 | -8.5% |
| Tangible fixed assets | 22/27 | €106,126 | €97,066 | -€9,060 | -8.5% |
| Furniture and vehicles | 24 | €106,126 | €97,066 | -€9,060 | -8.5% |
| Current assets | 29/58 | €107,404 | €84,238 | -€23,166 | -21.6% |
| Amounts receivable within one year | 40/41 | €92,617 | €64,318 | -€28,300 | -30.6% |
| Trade receivables | 40 | €55,275 | €36,498 | -€18,777 | -34.0% |
| Other amounts receivable | 41 | €37,342 | €27,820 | -€9,523 | -25.5% |
| Cash at bank and in hand | 54/58 | €10,294 | €15,732 | +€5,438 | +52.8% |
| Deferred charges and accrued income | 490/1 | €4,493 | €4,188 | -€305 | -6.8% |
| Total equity and liabilities | 10/49 | €213,530 | €181,304 | -€32,226 | -15.1% |
| Equity | 10/15 | €120,363 | €127,324 | +€6,961 | +5.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €58,863 | €65,824 | +€6,961 | +11.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €52,713 | €59,674 | +€6,961 | +13.2% |
| Amounts payable | 17/49 | €93,167 | €53,980 | -€39,187 | -42.1% |
| Amounts payable after more than one year | 17 | €36,885 | €20,855 | -€16,030 | -43.5% |
| Financial debts | 170/4 | €36,885 | €20,855 | -€16,030 | -43.5% |
| Amounts payable within one year | 42/48 | €56,282 | €33,125 | -€23,157 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €25,829 | €16,030 | -€9,799 | -37.9% |
| Trade debts | 44 | €19,638 | €5,093 | -€14,545 | -74.1% |
| Suppliers | 440/4 | €19,638 | €5,093 | -€14,545 | -74.1% |
| Taxes, remuneration and social security | 45 | €9,861 | €2,659 | -€7,202 | -73.0% |
| Taxes | 450/3 | €9,861 | €2,659 | -€7,202 | -73.0% |
| Other amounts payable | 47/48 | €954 | €9,343 | +€8,389 | +878.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,256 | €26,245 | +€5,989 | +29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,284 | - | -€1,284 | |
| Other operating charges | 640/8 | €2,685 | €2,571 | -€114 | -4.2% |
| Gross operating margin | 9900 | €59,588 | €37,704 | -€21,883 | -36.7% |
| Operating profit (loss) | 9901 | €35,362 | €8,888 | -€26,474 | -74.9% |
| Financial income | 75/76B | €2,157 | €420 | -€1,737 | -80.5% |
| Recurring financial income | 75 | €2,157 | €420 | -€1,737 | -80.5% |
| Financial charges | 65/66B | €1,176 | €1,652 | +€476 | +40.5% |
| Recurring financial charges | 65 | €1,176 | €1,652 | +€476 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €36,343 | €7,657 | -€28,686 | -78.9% |
| Income taxes | 67/77 | €11,963 | €696 | -€11,267 | -94.2% |
| Profit (loss) for the period | 9904 | €24,381 | €6,961 | -€17,420 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,381 | €6,961 | -€17,420 | -71.4% |
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 9 October 2026 via checked.be.