Secur'mm: 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'mm
Largest movements
- Tangible fixed assets +€175,543
up €175,543 (+1,475%), from €11,899 to €187,442
of which Land and buildings: +€169,371
- Cash -€167,846
down €167,846 (-66.4%), from €252,961 to €85,115
mainly Investment in fixed assets (net) (-€185,440) and Receivables within one year (-€1,322)
- Reserves +€9,220
up €9,220 (+3.7%), from €246,105 to €255,325
of which Distributable reserves: +€9,220
- Gross operating margin -€23,834
down €23,834 (-52.6%), from €45,299 to €21,465
- Taxes -€16,855
down €16,855 (-91.3%), from €18,457 to €1,602
- Depreciation +€7,350
up €7,350 (+289%), from €2,547 to €9,897
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 | €272,400 | €281,419 | +€9,019 | +3.3% |
| Fixed assets | 21/28 | €11,899 | €187,442 | +€175,543 | +1,475% |
| Tangible fixed assets | 22/27 | €11,899 | €187,442 | +€175,543 | +1,475% |
| Land and buildings | 22 | - | €169,371 | +€169,371 | |
| Plant, machinery and equipment | 23 | €11,899 | €9,977 | -€1,922 | -16.2% |
| Furniture and vehicles | 24 | - | €3,605 | +€3,605 | |
| Assets under construction and advance payments | 27 | - | €4,489 | +€4,489 | |
| Current assets | 29/58 | €260,501 | €93,977 | -€166,524 | -63.9% |
| Amounts receivable within one year | 40/41 | €7,540 | €8,862 | +€1,322 | +17.5% |
| Trade receivables | 40 | €781 | €325 | -€456 | -58.4% |
| Other amounts receivable | 41 | €6,759 | €8,537 | +€1,778 | +26.3% |
| Cash at bank and in hand | 54/58 | €252,961 | €85,115 | -€167,846 | -66.4% |
| Total equity and liabilities | 10/49 | €272,400 | €281,419 | +€9,019 | +3.3% |
| Equity | 10/15 | €252,305 | €261,525 | +€9,220 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €246,105 | €255,325 | +€9,220 | +3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €244,245 | €253,465 | +€9,220 | +3.8% |
| Amounts payable | 17/49 | €20,095 | €19,894 | -€201 | -1.0% |
| Amounts payable within one year | 42/48 | €20,095 | €19,894 | -€201 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €8,310 | -€23 | -0.3% |
| Trade debts | 44 | €892 | €1,037 | +€145 | +16.3% |
| Suppliers | 440/4 | €892 | €1,037 | +€145 | +16.3% |
| Taxes, remuneration and social security | 45 | €10,799 | €10,547 | -€252 | -2.3% |
| Taxes | 450/3 | €10,799 | €10,547 | -€252 | -2.3% |
| Other amounts payable | 47/48 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,547 | €9,897 | +€7,350 | +289% |
| Other operating charges | 640/8 | €449 | €546 | +€97 | +21.6% |
| Gross operating margin | 9900 | €45,299 | €21,465 | -€23,834 | -52.6% |
| Operating profit (loss) | 9901 | €42,303 | €11,022 | -€31,281 | -73.9% |
| Financial charges | 65/66B | €76 | €200 | +€124 | +163% |
| Recurring financial charges | 65 | €76 | €200 | +€124 | +163% |
| Profit (loss) for the period before taxes | 9903 | €42,227 | €10,822 | -€31,405 | -74.4% |
| Income taxes | 67/77 | €18,457 | €1,602 | -€16,855 | -91.3% |
| Profit (loss) for the period | 9904 | €23,770 | €9,220 | -€14,550 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,770 | €9,220 | -€14,550 | -61.2% |
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.