SEBELEC 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.
SEBELEC SECURITY
Largest movements
- Tangible fixed assets +€24,113
new in 2025: €24,113
- Receivables within one year +€13,421
up €13,421 (+315.2%), from €4,258 to €17,680
of which Other amounts receivable: +€7,390
- Cash -€12,335
down €12,335 (-80.0%), from €15,425 to €3,090
mainly Investment in fixed assets (net) (-€25,404) and Receivables within one year (-€13,421)
- Debts after one year +€42,054
new in 2025: €42,054
- Trade debts -€11,999
no longer reported in 2025 (was €11,999)
- Other debts -€11,202
no longer reported in 2025 (was €11,202)
- Profit (loss) carried forward +€5,266
no longer reported in 2025 (was -€5,266)
- Reserves +€1,317
new in 2025: €1,317
- Staff costs -€32,367
down €32,367 (-96.8%), from €33,440 to €1,073
- Gross operating margin -€25,963
down €25,963 (-73.2%), from €35,462 to €9,498
- Depreciation +€1,291
new in 2025: €1,291
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 | €20,450 | €45,371 | +€24,921 | +121.9% |
| Fixed assets | 21/28 | - | €24,113 | +€24,113 | |
| Tangible fixed assets | 22/27 | - | €24,113 | +€24,113 | |
| Furniture and vehicles | 24 | - | €24,113 | +€24,113 | |
| Current assets | 29/58 | €20,450 | €21,258 | +€809 | +4.0% |
| Amounts receivable within one year | 40/41 | €4,258 | €17,680 | +€13,421 | +315.2% |
| Trade receivables | 40 | €4,258 | €10,290 | +€6,032 | +141.7% |
| Other amounts receivable | 41 | - | €7,390 | +€7,390 | |
| Cash at bank and in hand | 54/58 | €15,425 | €3,090 | -€12,335 | -80.0% |
| Deferred charges and accrued income | 490/1 | €767 | €489 | -€278 | -36.2% |
| Total equity and liabilities | 10/49 | €20,450 | €45,371 | +€24,921 | +121.9% |
| Equity | 10/15 | -€3,266 | €3,317 | +€6,583 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €1,317 | +€1,317 | |
| Distributable reserves | 133 | - | €1,317 | +€1,317 | |
| Profit (loss) carried forward | 14 | -€5,266 | - | +€5,266 | |
| Amounts payable | 17/49 | €23,715 | €42,054 | +€18,338 | +77.3% |
| Amounts payable after more than one year | 17 | - | €42,054 | +€42,054 | |
| Other amounts payable | 178/9 | - | €42,054 | +€42,054 | |
| Amounts payable within one year | 42/48 | €23,715 | - | -€23,715 | |
| Trade debts | 44 | €11,999 | - | -€11,999 | |
| Suppliers | 440/4 | €11,999 | - | -€11,999 | |
| Taxes, remuneration and social security | 45 | €514 | - | -€514 | |
| Taxes | 450/3 | €514 | - | -€514 | |
| Other amounts payable | 47/48 | €11,202 | - | -€11,202 | |
| Remuneration, social security and pensions | 62 | €33,440 | €1,073 | -€32,367 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,291 | +€1,291 | |
| Other operating charges | 640/8 | €384 | €437 | +€52 | +13.6% |
| Gross operating margin | 9900 | €35,462 | €9,498 | -€25,963 | -73.2% |
| Operating profit (loss) | 9901 | €1,638 | €6,697 | +€5,060 | +309.0% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €160 | €158 | -€3 | -1.6% |
| Recurring financial charges | 65 | €160 | €158 | -€3 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €1,478 | €6,583 | +€5,105 | +345.5% |
| Profit (loss) for the period | 9904 | €1,478 | €6,583 | +€5,105 | +345.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,478 | €6,583 | +€5,105 | +345.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.