SECURALTI: 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.
SECURALTI
Largest movements
- Receivables within one year +€35,946
up €35,946 (+44.7%), from €80,416 to €116,362
of which Trade receivables: +€32,121
- Cash +€31,006
up €31,006 (+44.0%), from €70,431 to €101,437
mainly Other debts (+€99,281) and Net result for the year (+€64,941)
- Tangible fixed assets -€11,959
down €11,959 (-58.6%), from €20,424 to €8,465
of which Furniture and vehicles: -€8,649
- Other debts +€99,281
up €99,281 (+973%), from €10,202 to €109,484
- Reserves -€55,059
down €55,059 (-40.9%), from €134,581 to €79,522
of which Distributable reserves: -€55,059
- Trade debts +€11,386
up €11,386 (+89.6%), from €12,713 to €24,100
- Gross operating margin +€40,826
up €40,826 (+57.4%), from €71,119 to €111,945
- Write-downs +€19,958
up €19,958, from €0 to €19,958
- Taxes +€5,605
up €5,605 (+47.2%), from €11,869 to €17,473
- Depreciation -€2,422
down €2,422 (-25.8%), from €9,376 to €6,954
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 | €177,121 | €231,896 | +€54,775 | +30.9% |
| Fixed assets | 21/28 | €23,472 | €11,405 | -€12,068 | -51.4% |
| Tangible fixed assets | 22/27 | €20,424 | €8,465 | -€11,959 | -58.6% |
| Land and buildings | 22 | €4,836 | €3,859 | -€977 | -20.2% |
| Plant, machinery and equipment | 23 | €3,379 | €1,046 | -€2,333 | -69.1% |
| Furniture and vehicles | 24 | €12,209 | €3,560 | -€8,649 | -70.8% |
| Financial fixed assets | 28 | €3,049 | €2,940 | -€109 | -3.6% |
| Current assets | 29/58 | €153,649 | €220,491 | +€66,842 | +43.5% |
| Amounts receivable within one year | 40/41 | €80,416 | €116,362 | +€35,946 | +44.7% |
| Trade receivables | 40 | €76,217 | €108,338 | +€32,121 | +42.1% |
| Other amounts receivable | 41 | €4,199 | €8,024 | +€3,825 | +91.1% |
| Cash at bank and in hand | 54/58 | €70,431 | €101,437 | +€31,006 | +44.0% |
| Deferred charges and accrued income | 490/1 | €2,801 | €2,692 | -€109 | -3.9% |
| Total equity and liabilities | 10/49 | €177,121 | €231,896 | +€54,775 | +30.9% |
| Equity | 10/15 | €144,581 | €89,522 | -€55,059 | -38.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €134,581 | €79,522 | -€55,059 | -40.9% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €133,581 | €78,522 | -€55,059 | -41.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €32,540 | €142,374 | +€109,834 | +338% |
| Amounts payable within one year | 42/48 | €30,690 | €142,374 | +€111,684 | +364% |
| Trade debts | 44 | €12,713 | €24,100 | +€11,386 | +89.6% |
| Suppliers | 440/4 | €12,713 | €24,100 | +€11,386 | +89.6% |
| Taxes, remuneration and social security | 45 | €7,774 | €8,790 | +€1,016 | +13.1% |
| Taxes | 450/3 | €7,774 | €6,590 | -€1,184 | -15.2% |
| Remuneration and social security | 454/9 | €0 | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €10,202 | €109,484 | +€99,281 | +973% |
| Accrued charges and deferred income | 492/3 | €1,850 | €0 | -€1,850 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,376 | €6,954 | -€2,422 | -25.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €19,958 | +€19,958 | |
| Other operating charges | 640/8 | €2,528 | €1,748 | -€780 | -30.8% |
| Gross operating margin | 9900 | €71,119 | €111,945 | +€40,826 | +57.4% |
| Operating profit (loss) | 9901 | €59,215 | €83,284 | +€24,069 | +40.6% |
| Financial income | 75/76B | €11 | €7 | -€4 | -36.5% |
| Recurring financial income | 75 | €11 | €7 | -€4 | -36.5% |
| Financial charges | 65/66B | €854 | €877 | +€23 | +2.7% |
| Recurring financial charges | 65 | €854 | €877 | +€23 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €58,372 | €82,414 | +€24,042 | +41.2% |
| Income taxes | 67/77 | €11,869 | €17,473 | +€5,605 | +47.2% |
| Profit (loss) for the period | 9904 | €46,503 | €64,941 | +€18,438 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,503 | €64,941 | +€18,438 | +39.6% |
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 13 October 2026 via checked.be.