SECURCO: 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.
SECURCO
Largest movements
- Cash -€32,545
down €32,545 (-34.1%), from €95,315 to €62,770
mainly Stocks and contracts (-€29,131) and Trade debts (-€18,320)
- Stocks and contracts +€29,131
up €29,131 (+147%), from €19,782 to €48,912
of which Stocks: +€15,631
- Tangible fixed assets -€22,752
down €22,752 (-28.5%), from €79,730 to €56,978
of which Furniture and vehicles: -€22,530
- Receivables within one year -€12,864
down €12,864 (-17.1%), from €75,132 to €62,268
of which Other amounts receivable: -€12,337
- Trade debts -€18,320
down €18,320 (-49.4%), from €37,121 to €18,801
- Current portion of long-term debt -€14,883
down €14,883 (-36.0%), from €41,295 to €26,411
- Reserves +€9,989
up €9,989 (+8.7%), from €114,367 to €124,357
- Debts after one year -€8,742
down €8,742 (-23.0%), from €38,082 to €29,340
- Gross operating margin -€21,738
down €21,738 (-16.1%), from €135,172 to €113,433
- Depreciation +€7,854
up €7,854 (+49.9%), from €15,734 to €23,588
- Taxes -€6,725
down €6,725 (-31.7%), from €21,200 to €14,476
- Staff costs +€3,576
up €3,576 (+6.7%), from €53,561 to €57,137
- Other operating charges +€3,229
up €3,229 (+132%), from €2,441 to €5,670
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.
Derived cash bridge
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 | €272,110 | €237,087 | -€35,023 | -12.9% |
| Fixed assets | 21/28 | €80,949 | €60,349 | -€20,600 | -25.4% |
| Intangible fixed assets | 21 | €1,206 | €3,370 | +€2,164 | +179% |
| Tangible fixed assets | 22/27 | €79,730 | €56,978 | -€22,752 | -28.5% |
| Plant, machinery and equipment | 23 | €139 | €0 | -€139 | -100% |
| Furniture and vehicles | 24 | €79,106 | €56,576 | -€22,530 | -28.5% |
| Other tangible fixed assets | 26 | €485 | €402 | -€83 | -17.1% |
| Financial fixed assets | 28 | €13 | €0 | -€13 | -100% |
| Current assets | 29/58 | €191,161 | €176,739 | -€14,423 | -7.5% |
| Stocks and contracts in progress | 3 | €19,782 | €48,912 | +€29,131 | +147% |
| Stocks | 30/36 | €19,782 | €35,412 | +€15,631 | +79.0% |
| Contracts in progress | 37 | €0 | €13,500 | +€13,500 | |
| Amounts receivable within one year | 40/41 | €75,132 | €62,268 | -€12,864 | -17.1% |
| Trade receivables | 40 | €36,791 | €36,264 | -€527 | -1.4% |
| Other amounts receivable | 41 | €38,342 | €26,005 | -€12,337 | -32.2% |
| Cash at bank and in hand | 54/58 | €95,315 | €62,770 | -€32,545 | -34.1% |
| Deferred charges and accrued income | 490/1 | €932 | €2,787 | +€1,855 | +199% |
| Total equity and liabilities | 10/49 | €272,110 | €237,087 | -€35,023 | -12.9% |
| Equity | 10/15 | €132,967 | €142,957 | +€9,989 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,367 | €124,357 | +€9,989 | +8.7% |
| Distributable reserves | 133 | €114,367 | €124,357 | +€9,989 | +8.7% |
| Amounts payable | 17/49 | €139,142 | €94,130 | -€45,012 | -32.3% |
| Amounts payable after more than one year | 17 | €38,082 | €29,340 | -€8,742 | -23.0% |
| Financial debts | 170/4 | €38,082 | €29,340 | -€8,742 | -23.0% |
| Amounts payable within one year | 42/48 | €86,804 | €51,534 | -€35,270 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €41,295 | €26,411 | -€14,883 | -36.0% |
| Trade debts | 44 | €37,121 | €18,801 | -€18,320 | -49.4% |
| Suppliers | 440/4 | €37,121 | €18,801 | -€18,320 | -49.4% |
| Taxes, remuneration and social security | 45 | €8,285 | €5,944 | -€2,341 | -28.3% |
| Taxes | 450/3 | €1,704 | €0 | -€1,704 | -100% |
| Remuneration and social security | 454/9 | €6,582 | €5,944 | -€637 | -9.7% |
| Other amounts payable | 47/48 | €103 | €377 | +€274 | +267% |
| Accrued charges and deferred income | 492/3 | €14,257 | €13,256 | -€1,000 | -7.0% |
| Non-recurring operating income | 76A | €900 | €0 | -€900 | -100% |
| Remuneration, social security and pensions | 62 | €53,561 | €57,137 | +€3,576 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,734 | €23,588 | +€7,854 | +49.9% |
| Other operating charges | 640/8 | €2,441 | €5,670 | +€3,229 | +132% |
| Non-recurring operating charges | 66A | €839 | €0 | -€839 | -100% |
| Gross operating margin | 9900 | €135,172 | €113,433 | -€21,738 | -16.1% |
| Operating profit (loss) | 9901 | €62,598 | €27,038 | -€35,559 | -56.8% |
| Financial income | 75/76B | €367 | €128 | -€240 | -65.2% |
| Recurring financial income | 75 | €367 | €128 | -€240 | -65.2% |
| Financial charges | 65/66B | €3,743 | €2,701 | -€1,042 | -27.8% |
| Recurring financial charges | 65 | €3,743 | €2,701 | -€1,042 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €59,222 | €24,465 | -€34,757 | -58.7% |
| Income taxes | 67/77 | €21,200 | €14,476 | -€6,725 | -31.7% |
| Profit (loss) for the period | 9904 | €38,022 | €9,989 | -€28,032 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,022 | €9,989 | -€28,032 | -73.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.