SECURE CODE WARRIOR: 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 CODE WARRIOR
Largest movements
- Receivables after one year +€1.2m
new in 2025: €1.2m
- Receivables within one year -€59,214
down €59,214 (-67.0%), from €88,322 to €29,107
of which Other amounts receivable: -€59,214
- Cash -€37,569
down €37,569 (-33.4%), from €112,327 to €74,757
mainly Receivables after one year (-€1.2m) and Debts after one year (-€70,404)
- Contributions +€1.1m
up €1.1m (+3333.3%), from €33,000 to €1.1m
- Debts after one year -€70,404
down €70,404 (-100.0%), from €70,404 to €0
- Tax, wage and social debts +€32,729
up €32,729 (+18.6%), from €175,881 to €208,610
- Other debts +€25,845
up €25,845 (+19.1%), from €135,283 to €161,128
- Accrued charges and deferred income +€19,938
up €19,938 (+80.7%), from €24,718 to €44,656
- Gross operating margin -€322,007
down €322,007 (-20.1%), from €1.6m to €1.3m
- Staff costs +€71,798
up €71,798 (+6.0%), from €1.2m to €1.3m
- Other operating charges -€68,794
down €68,794 (-99.2%), from €69,354 to €560
- Financial income +€60,159
up €60,159 (+39448.6%), from €153 to €60,312
- Financial charges +€50,052
up €50,052 (+366.0%), from €13,676 to €63,728
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 | €227,825 | €1,315,965 | +€1.1m | +477.6% |
| Fixed assets | 21/28 | €24,854 | €14,787 | -€10,067 | -40.5% |
| Tangible fixed assets | 22/27 | €14,930 | €4,797 | -€10,132 | -67.9% |
| Furniture and vehicles | 24 | €14,930 | €4,797 | -€10,132 | -67.9% |
| Financial fixed assets | 28 | €9,924 | €9,990 | +€66 | +0.7% |
| Current assets | 29/58 | €202,971 | €1,301,178 | +€1.1m | +541.1% |
| Amounts receivable after more than one year | 29 | - | €1,194,600 | +€1.2m | |
| Other amounts receivable | 291 | - | €1,194,600 | +€1.2m | |
| Amounts receivable within one year | 40/41 | €88,322 | €29,107 | -€59,214 | -67.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €88,322 | €29,107 | -€59,214 | -67.0% |
| Cash at bank and in hand | 54/58 | €112,327 | €74,757 | -€37,569 | -33.4% |
| Deferred charges and accrued income | 490/1 | €2,323 | €2,713 | +€391 | +16.8% |
| Total equity and liabilities | 10/49 | €227,825 | €1,315,965 | +€1.1m | +477.6% |
| Equity | 10/15 | -€242,804 | €849,648 | +€1.1m | |
| Contributions | 10/11 | €33,000 | €1,133,000 | +€1.1m | +3333.3% |
| Reserves | 13 | €22,025 | €22,025 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,025 | €22,025 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€297,830 | -€305,377 | -€7,547 | -2.5% |
| Amounts payable | 17/49 | €470,629 | €466,317 | -€4,312 | -0.9% |
| Amounts payable after more than one year | 17 | €70,404 | €0 | -€70,404 | -100.0% |
| Financial debts | 170/4 | €70,404 | €0 | -€70,404 | -100.0% |
| Amounts payable within one year | 42/48 | €375,506 | €421,661 | +€46,155 | +12.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €64,342 | €51,923 | -€12,419 | -19.3% |
| Suppliers | 440/4 | €64,342 | €51,923 | -€12,419 | -19.3% |
| Taxes, remuneration and social security | 45 | €175,881 | €208,610 | +€32,729 | +18.6% |
| Remuneration and social security | 454/9 | €175,881 | €208,610 | +€32,729 | +18.6% |
| Other amounts payable | 47/48 | €135,283 | €161,128 | +€25,845 | +19.1% |
| Accrued charges and deferred income | 492/3 | €24,718 | €44,656 | +€19,938 | +80.7% |
| Non-recurring operating income | 76A | €301,784 | €0 | -€301,784 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,192,617 | €1,264,415 | +€71,798 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,210 | €11,856 | -€3,353 | -22.0% |
| Other operating charges | 640/8 | €69,354 | €560 | -€68,794 | -99.2% |
| Gross operating margin | 9900 | €1,598,388 | €1,276,381 | -€322,007 | -20.1% |
| Operating profit (loss) | 9901 | €321,207 | -€450 | -€321,658 | |
| Financial income | 75/76B | €153 | €60,312 | +€60,159 | +39448.6% |
| Recurring financial income | 75 | €153 | €60,312 | +€60,159 | +39448.6% |
| Financial charges | 65/66B | €13,676 | €63,728 | +€50,052 | +366.0% |
| Recurring financial charges | 65 | €13,676 | €63,728 | +€50,052 | +366.0% |
| Profit (loss) for the period before taxes | 9903 | €307,684 | -€3,866 | -€311,550 | |
| Income taxes | 67/77 | €1,413 | €3,681 | +€2,268 | +160.5% |
| Profit (loss) for the period | 9904 | €306,271 | -€7,547 | -€313,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €306,271 | -€7,547 | -€313,818 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.