SECURE: 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.
SECURE
Largest movements
- Tangible fixed assets -€4,150
down €4,150 (-77.4%), from €5,360 to €1,210
- Receivables within one year +€4,082
up €4,082 (+32.2%), from €12,681 to €16,763
of which Other amounts receivable: +€3,372
- Stocks and contracts +€2,484
up €2,484 (+92.4%), from €2,689 to €5,174
- Trade debts +€10,722
up €10,722 (+69.6%), from €15,400 to €26,123
- Profit (loss) carried forward -€6,628
down €6,628 (-58.6%), from -€11,305 to -€17,934
- Tax, wage and social debts -€970
no longer reported in 2025 (was €970)
- Accrued charges and deferred income -€772
no longer reported in 2025 (was €772)
- Gross operating margin -€3,223
down €3,223, from €1,732 to -€1,491
- Financial charges +€53
up €53 (+37.7%), from €140 to €192
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 | €43,332 | €45,559 | +€2,227 | +5.1% |
| Fixed assets | 21/28 | €7,460 | €3,310 | -€4,150 | -55.6% |
| Tangible fixed assets | 22/27 | €5,360 | €1,210 | -€4,150 | -77.4% |
| Furniture and vehicles | 24 | €5,360 | €1,210 | -€4,150 | -77.4% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €35,872 | €42,249 | +€6,377 | +17.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,689 | €5,174 | +€2,484 | +92.4% |
| Stocks | 30/36 | €2,689 | €5,174 | +€2,484 | +92.4% |
| Amounts receivable within one year | 40/41 | €12,681 | €16,763 | +€4,082 | +32.2% |
| Trade receivables | 40 | €9,079 | €9,789 | +€710 | +7.8% |
| Other amounts receivable | 41 | €3,602 | €6,974 | +€3,372 | +93.6% |
| Cash at bank and in hand | 54/58 | €502 | €312 | -€190 | -37.8% |
| Total equity and liabilities | 10/49 | €43,332 | €45,559 | +€2,227 | +5.1% |
| Equity | 10/15 | €7,295 | €666 | -€6,628 | -90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,305 | -€17,934 | -€6,628 | -58.6% |
| Amounts payable | 17/49 | €36,038 | €44,892 | +€8,855 | +24.6% |
| Amounts payable after more than one year | 17 | €425 | €425 | = | 0.0% |
| Other amounts payable | 178/9 | €425 | €425 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,841 | €44,467 | +€9,627 | +27.6% |
| Trade debts | 44 | €15,400 | €26,123 | +€10,722 | +69.6% |
| Suppliers | 440/4 | €15,400 | €26,123 | +€10,722 | +69.6% |
| Taxes, remuneration and social security | 45 | €970 | - | -€970 | |
| Remuneration and social security | 454/9 | €970 | - | -€970 | |
| Other amounts payable | 47/48 | €18,470 | €18,345 | -€126 | -0.7% |
| Accrued charges and deferred income | 492/3 | €772 | - | -€772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,150 | €4,150 | = | 0.0% |
| Other operating charges | 640/8 | €1,130 | €1,146 | +€16 | +1.4% |
| Gross operating margin | 9900 | €1,732 | -€1,491 | -€3,223 | |
| Operating profit (loss) | 9901 | -€3,548 | -€6,787 | -€3,239 | -91.3% |
| Financial income | 75/76B | €362 | €352 | -€10 | -2.8% |
| Recurring financial income | 75 | €362 | €352 | -€10 | -2.8% |
| Financial charges | 65/66B | €140 | €192 | +€53 | +37.7% |
| Recurring financial charges | 65 | €140 | €192 | +€53 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,326 | -€6,628 | -€3,302 | -99.3% |
| Profit (loss) for the period | 9904 | -€3,326 | -€6,628 | -€3,302 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,326 | -€6,628 | -€3,302 | -99.3% |
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 6 October 2026 via checked.be.