SECUR LIFE PROTECT: 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.
SECUR LIFE PROTECT
Largest movements
- Cash +€48,665
up €48,665 (+303%), from €16,038 to €64,702
mainly Net result for the year (+€31,989) and Depreciation (+€15,986)
- Tangible fixed assets -€11,879
down €11,879 (-27.6%), from €43,095 to €31,215
of which Plant, machinery and equipment: -€7,032
- Stocks and contracts -€9,460
down €9,460 (-13.9%), from €68,203 to €58,744
- Receivables within one year +€5,079
up €5,079 (+28.2%), from €17,984 to €23,063
of which Trade receivables: +€7,737
- Reserves +€17,901
up €17,901 (+29.5%), from €60,644 to €78,545
of which Distributable reserves: +€17,901
- Profit (loss) carried forward +€14,087
up €14,087, from -€13,607 to €481
- Debts after one year -€7,636
down €7,636 (-70.3%), from €10,855 to €3,220
- Trade debts +€6,051
up €6,051 (+686%), from €882 to €6,933
- Gross operating margin +€41,002
up €41,002 (+189%), from €21,741 to €62,743
- Staff costs -€5,523
down €5,523 (-30.2%), from €18,279 to €12,756
- Depreciation -€3,866
down €3,866 (-19.5%), from €19,852 to €15,986
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 | €145,369 | €177,774 | +€32,405 | +22.3% |
| Fixed assets | 21/28 | €43,144 | €31,265 | -€11,879 | -27.5% |
| Tangible fixed assets | 22/27 | €43,095 | €31,215 | -€11,879 | -27.6% |
| Plant, machinery and equipment | 23 | €25,379 | €18,347 | -€7,032 | -27.7% |
| Furniture and vehicles | 24 | €17,715 | €12,868 | -€4,847 | -27.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €102,225 | €146,509 | +€44,284 | +43.3% |
| Stocks and contracts in progress | 3 | €68,203 | €58,744 | -€9,460 | -13.9% |
| Stocks | 30/36 | €68,203 | €58,744 | -€9,460 | -13.9% |
| Amounts receivable within one year | 40/41 | €17,984 | €23,063 | +€5,079 | +28.2% |
| Trade receivables | 40 | €15,325 | €23,063 | +€7,737 | +50.5% |
| Other amounts receivable | 41 | €2,659 | - | -€2,659 | |
| Cash at bank and in hand | 54/58 | €16,038 | €64,702 | +€48,665 | +303% |
| Total equity and liabilities | 10/49 | €145,369 | €177,774 | +€32,405 | +22.3% |
| Equity | 10/15 | €65,629 | €97,618 | +€31,989 | +48.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €60,644 | €78,545 | +€17,901 | +29.5% |
| Tax-exempt reserves | 132 | €7,545 | €7,545 | = | 0.0% |
| Distributable reserves | 133 | €53,099 | €71,000 | +€17,901 | +33.7% |
| Profit (loss) carried forward | 14 | -€13,607 | €481 | +€14,087 | |
| Amounts payable | 17/49 | €79,740 | €80,156 | +€416 | +0.5% |
| Amounts payable after more than one year | 17 | €10,855 | €3,220 | -€7,636 | -70.3% |
| Financial debts | 170/4 | €10,855 | €3,220 | -€7,636 | -70.3% |
| Amounts payable within one year | 42/48 | €68,884 | €76,936 | +€8,052 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €7,509 | €7,636 | +€127 | +1.7% |
| Trade debts | 44 | €882 | €6,933 | +€6,051 | +686% |
| Suppliers | 440/4 | €882 | €6,933 | +€6,051 | +686% |
| Taxes, remuneration and social security | 45 | €6,458 | €7,060 | +€602 | +9.3% |
| Taxes | 450/3 | €3,975 | €3,972 | -€2 | -0.1% |
| Remuneration and social security | 454/9 | €2,484 | €3,088 | +€605 | +24.3% |
| Other amounts payable | 47/48 | €54,035 | €55,307 | +€1,272 | +2.4% |
| Remuneration, social security and pensions | 62 | €18,279 | €12,756 | -€5,523 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,852 | €15,986 | -€3,866 | -19.5% |
| Other operating charges | 640/8 | €2,396 | €2,184 | -€212 | -8.9% |
| Gross operating margin | 9900 | €21,741 | €62,743 | +€41,002 | +189% |
| Operating profit (loss) | 9901 | -€18,786 | €31,818 | +€50,603 | |
| Financial income | 75/76B | €317 | €583 | +€266 | +83.8% |
| Recurring financial income | 75 | €317 | €583 | +€266 | +83.8% |
| Financial charges | 65/66B | €510 | €412 | -€98 | -19.2% |
| Recurring financial charges | 65 | €510 | €412 | -€98 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,978 | €31,989 | +€50,967 | |
| Profit (loss) for the period | 9904 | -€18,978 | €31,989 | +€50,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,978 | €31,989 | +€50,967 |
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 25 October 2026 via checked.be.