SECURANT: what changed
Two fiscal 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.
SECURANT
Largest movements
- Receivables within one year +€142,603
up €142,603 (+6.9%), from €2.1m to €2.2m
of which Other amounts receivable: +€142,603
- Cash -€90,958
down €90,958 (-37.6%), from €241,755 to €150,797
mainly Receivables within one year (-€142,603) and Contributions, distributions and other (-€120,000)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€838,459
down €838,459 (-80.6%), from €1.0m to €201,753
- Financial charges +€90,113
up €90,113, from -€78,507 to €11,606
- Taxes -€84,504
down €84,504 (-83.6%), from €101,104 to €16,600
- Other operating charges +€686
up €686 (+33.6%), from €2,042 to €2,727
- Gross operating margin -€270
down €270 (-6.0%), from -€4,537 to -€4,808
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.
Cash bridge derived
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 | €5,089,529 | €5,146,895 | +€57,366 | +1.1% |
| Fixed assets | 21/28 | €1,739,594 | €1,739,594 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,340 | €4,340 | = | 0.0% |
| Furniture and vehicles | 24 | €4,340 | €4,340 | = | 0.0% |
| Financial fixed assets | 28 | €1,735,255 | €1,735,255 | = | 0.0% |
| Current assets | 29/58 | €3,349,935 | €3,407,301 | +€57,366 | +1.7% |
| Amounts receivable after more than one year | 29 | €15,654 | €6,343 | -€9,311 | -59.5% |
| Other amounts receivable | 291 | €15,654 | €6,343 | -€9,311 | -59.5% |
| Amounts receivable within one year | 40/41 | €2,078,034 | €2,220,637 | +€142,603 | +6.9% |
| Trade receivables | 40 | €26,223 | €26,223 | = | 0.0% |
| Other amounts receivable | 41 | €2,051,812 | €2,194,415 | +€142,603 | +7.0% |
| Current investments | 50/53 | €1,014,492 | €1,029,524 | +€15,032 | +1.5% |
| Cash at bank and in hand | 54/58 | €241,755 | €150,797 | -€90,958 | -37.6% |
| Total equity and liabilities | 10/49 | €5,089,529 | €5,146,895 | +€57,366 | +1.1% |
| Equity | 10/15 | €4,457,690 | €4,503,703 | +€46,013 | +1.0% |
| Contributions | 10/11 | €532,971 | €532,971 | = | 0.0% |
| Capital | 10 | €532,971 | €532,971 | = | 0.0% |
| Issued capital | 100 | €532,971 | €532,971 | = | 0.0% |
| Reserves | 13 | €3,908,071 | €3,954,071 | +€46,000 | +1.2% |
| Non-distributable reserves | 130/1 | €55,776 | €55,776 | = | 0.0% |
| Legal reserve | 130 | €55,776 | €55,776 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,655 | €48,655 | = | 0.0% |
| Distributable reserves | 133 | €3,803,640 | €3,849,640 | +€46,000 | +1.2% |
| Profit (loss) carried forward | 14 | €16,649 | €16,662 | +€13 | +0.1% |
| Provisions and deferred taxes | 16 | €300,060 | €296,283 | -€3,777 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €300,060 | €296,283 | -€3,777 | -1.3% |
| Other liabilities and charges | 164/5 | €300,060 | €296,283 | -€3,777 | -1.3% |
| Amounts payable | 17/49 | €331,779 | €346,908 | +€15,130 | +4.6% |
| Amounts payable within one year | 42/48 | €331,779 | €346,908 | +€15,130 | +4.6% |
| Trade debts | 44 | €732 | €1,318 | +€587 | +80.2% |
| Suppliers | 440/4 | €732 | €1,318 | +€587 | +80.2% |
| Taxes, remuneration and social security | 45 | €99,926 | €114,469 | +€14,543 | +14.6% |
| Taxes | 450/3 | €99,926 | €114,469 | +€14,543 | +14.6% |
| Other amounts payable | 47/48 | €231,121 | €231,121 | = | 0.0% |
| Other operating charges | 640/8 | €2,042 | €2,727 | +€686 | +33.6% |
| Gross operating margin | 9900 | -€4,537 | -€4,808 | -€270 | -6.0% |
| Operating profit (loss) | 9901 | -€6,579 | -€7,535 | -€956 | -14.5% |
| Financial income | 75/76B | €1,040,212 | €201,753 | -€838,459 | -80.6% |
| Recurring financial income | 75 | €1,040,212 | €201,753 | -€838,459 | -80.6% |
| Financial charges | 65/66B | -€78,507 | €11,606 | +€90,113 | |
| Recurring financial charges | 65 | -€78,507 | €11,606 | +€90,113 | |
| Profit (loss) for the period before taxes | 9903 | €1,112,141 | €182,613 | -€929,528 | -83.6% |
| Income taxes | 67/77 | €101,104 | €16,600 | -€84,504 | -83.6% |
| Profit (loss) for the period | 9904 | €1,011,037 | €166,013 | -€845,024 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,011,037 | €166,013 | -€845,024 | -83.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.