SECURATUM: 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.
SECURATUM
Largest movements
- Cash +€91,635
up €91,635 (+25.4%), from €361,051 to €452,686
mainly Net result for the year (+€96,134) and Receivables within one year (+€9,097)
- Receivables within one year -€9,097
down €9,097 (-32.6%), from €27,938 to €18,841
of which Trade receivables: -€7,960
- Reserves +€95,000
up €95,000 (+33.5%), from €283,630 to €378,630
of which Distributable reserves: +€95,000
- Trade debts -€18,068
down €18,068 (-99.0%), from €18,255 to €187
- Taxes -€43,610
down €43,610 (-84.8%), from €51,439 to €7,830
- Financial income +€4,744
up €4,744 (+2648.5%), from €179 to €4,923
- Gross operating margin -€2,495
down €2,495 (-2.5%), from €101,578 to €99,083
- Depreciation -€1,744
no longer reported in 2025 (was €1,744)
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 | €388,989 | €471,527 | +€82,538 | +21.2% |
| Current assets | 29/58 | €388,989 | €471,527 | +€82,538 | +21.2% |
| Amounts receivable within one year | 40/41 | €27,938 | €18,841 | -€9,097 | -32.6% |
| Trade receivables | 40 | €26,320 | €18,360 | -€7,960 | -30.2% |
| Other amounts receivable | 41 | €1,618 | €481 | -€1,137 | -70.3% |
| Cash at bank and in hand | 54/58 | €361,051 | €452,686 | +€91,635 | +25.4% |
| Total equity and liabilities | 10/49 | €388,989 | €471,527 | +€82,538 | +21.2% |
| Equity | 10/15 | €350,808 | €446,943 | +€96,134 | +27.4% |
| Reserves | 13 | €283,630 | €378,630 | +€95,000 | +33.5% |
| 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 | €281,770 | €376,770 | +€95,000 | +33.7% |
| Profit (loss) carried forward | 14 | €67,178 | €68,313 | +€1,134 | +1.7% |
| Amounts payable | 17/49 | €38,180 | €24,584 | -€13,596 | -35.6% |
| Amounts payable within one year | 42/48 | €38,180 | €24,584 | -€13,596 | -35.6% |
| Trade debts | 44 | €18,255 | €187 | -€18,068 | -99.0% |
| Suppliers | 440/4 | €18,255 | €187 | -€18,068 | -99.0% |
| Taxes, remuneration and social security | 45 | €5,000 | €9,500 | +€4,500 | +90.0% |
| Taxes | 450/3 | €5,000 | €9,500 | +€4,500 | +90.0% |
| Other amounts payable | 47/48 | €14,925 | €14,897 | -€28 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,744 | - | -€1,744 | |
| Gross operating margin | 9900 | €101,578 | €99,083 | -€2,495 | -2.5% |
| Operating profit (loss) | 9901 | €99,834 | €99,083 | -€751 | -0.8% |
| Financial income | 75/76B | €179 | €4,923 | +€4,744 | +2648.5% |
| Recurring financial income | 75 | €179 | €4,923 | +€4,744 | +2648.5% |
| Financial charges | 65/66B | €41 | €42 | +€1 | +2.5% |
| Recurring financial charges | 65 | €41 | €42 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €99,972 | €103,964 | +€3,992 | +4.0% |
| Income taxes | 67/77 | €51,439 | €7,830 | -€43,610 | -84.8% |
| Profit (loss) for the period | 9904 | €48,533 | €96,134 | +€47,602 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,533 | €96,134 | +€47,602 | +98.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.