Saint 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.
Saint Security
Largest movements
- Tangible fixed assets +€285,135
new in 2024: €285,135
- Cash -€24,239
down €24,239 (-36.4%), from €66,664 to €42,425
mainly Investment in fixed assets (net) (-€293,074) and Receivables within one year (-€15,549)
- Receivables within one year +€15,549
up €15,549 (+28.7%), from €54,143 to €69,691
of which Trade receivables: +€26,024
- Debts after one year +€206,403
new in 2024: €206,403
- Profit (loss) carried forward +€51,826
up €51,826 (+68.3%), from €75,870 to €127,696
- Advances received +€19,718
up €19,718 (+717%), from €2,750 to €22,468
- Gross operating margin +€21,156
up €21,156 (+29.7%), from €71,249 to €92,406
- Other operating charges +€12,947
up €12,947 (+4,231%), from €306 to €13,253
- Depreciation +€7,939
new in 2024: €7,939
- Taxes -€5,314
down €5,314 (-26.6%), from €19,990 to €14,676
- Financial charges +€3,904
up €3,904 (+483%), from €808 to €4,712
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,807 | €401,256 | +€276,449 | +222% |
| Fixed assets | 21/28 | - | €285,135 | +€285,135 | |
| Tangible fixed assets | 22/27 | - | €285,135 | +€285,135 | |
| Land and buildings | 22 | - | €285,135 | +€285,135 | |
| Current assets | 29/58 | €124,807 | €116,121 | -€8,686 | -7.0% |
| Amounts receivable within one year | 40/41 | €54,143 | €69,691 | +€15,549 | +28.7% |
| Trade receivables | 40 | €34,599 | €60,623 | +€26,024 | +75.2% |
| Other amounts receivable | 41 | €19,544 | €9,069 | -€10,475 | -53.6% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,664 | €42,425 | -€24,239 | -36.4% |
| Deferred charges and accrued income | 490/1 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €124,807 | €401,256 | +€276,449 | +222% |
| Equity | 10/15 | €83,930 | €135,756 | +€51,826 | +61.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,870 | €127,696 | +€51,826 | +68.3% |
| Amounts payable | 17/49 | €40,877 | €265,500 | +€224,623 | +550% |
| Amounts payable after more than one year | 17 | - | €206,403 | +€206,403 | |
| Financial debts | 170/4 | - | €206,403 | +€206,403 | |
| Amounts payable within one year | 42/48 | €40,877 | €59,097 | +€18,220 | +44.6% |
| Trade debts | 44 | €8,305 | €8,844 | +€539 | +6.5% |
| Suppliers | 440/4 | €8,305 | €8,844 | +€539 | +6.5% |
| Advances received on contracts in progress | 46 | €2,750 | €22,468 | +€19,718 | +717% |
| Taxes, remuneration and social security | 45 | €29,822 | €27,785 | -€2,037 | -6.8% |
| Taxes | 450/3 | €29,822 | €27,785 | -€2,037 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,939 | +€7,939 | |
| Other operating charges | 640/8 | €306 | €13,253 | +€12,947 | +4,231% |
| Gross operating margin | 9900 | €71,249 | €92,406 | +€21,156 | +29.7% |
| Operating profit (loss) | 9901 | €70,943 | €71,214 | +€271 | +0.4% |
| Financial charges | 65/66B | €808 | €4,712 | +€3,904 | +483% |
| Recurring financial charges | 65 | €808 | €4,712 | +€3,904 | +483% |
| Profit (loss) for the period before taxes | 9903 | €70,136 | €66,503 | -€3,633 | -5.2% |
| Income taxes | 67/77 | €19,990 | €14,676 | -€5,314 | -26.6% |
| Profit (loss) for the period | 9904 | €50,146 | €51,826 | +€1,680 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,146 | €51,826 | +€1,680 | +3.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.