SECURE-IC: 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.
SECURE-IC
Largest movements
- Receivables within one year +€847,561
up €847,561 (+92.4%), from €916,949 to €1.8m
of which Trade receivables: +€875,396
- Intangible fixed assets -€64,570
down €64,570 (-7.2%), from €896,779 to €832,209
- Financial fixed assets -€59,910
down €59,910 (-99.9%), from €59,960 to €50
- Cash -€50,816
down €50,816 (-92.0%), from €55,219 to €4,403
mainly Receivables within one year (-€847,561) and Trade debts (-€84,904)
- Other debts +€601,000
up €601,000 (+38.6%), from €1.6m to €2.2m
- Profit (loss) carried forward +€159,008
up €159,008, from -€5,763 to €153,245
- Trade debts -€84,904
down €84,904 (-33.2%), from €255,424 to €170,520
- Gross operating margin +€176,066
up €176,066 (+35.8%), from €491,185 to €667,251
- Taxes +€40,127
up €40,127 (+498.4%), from €8,051 to €48,178
- Staff costs -€18,317
down €18,317 (-4.5%), from €408,094 to €389,777
- Depreciation -€6,723
down €6,723 (-9.4%), from €71,293 to €64,570
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 | €1,928,907 | €2,601,171 | +€672,264 | +34.9% |
| Fixed assets | 21/28 | €956,739 | €832,259 | -€124,480 | -13.0% |
| Intangible fixed assets | 21 | €896,779 | €832,209 | -€64,570 | -7.2% |
| Financial fixed assets | 28 | €59,960 | €50 | -€59,910 | -99.9% |
| Current assets | 29/58 | €972,168 | €1,768,913 | +€796,745 | +82.0% |
| Amounts receivable within one year | 40/41 | €916,949 | €1,764,510 | +€847,561 | +92.4% |
| Trade receivables | 40 | €887,429 | €1,762,825 | +€875,396 | +98.6% |
| Other amounts receivable | 41 | €29,520 | €1,685 | -€27,835 | -94.3% |
| Cash at bank and in hand | 54/58 | €55,219 | €4,403 | -€50,816 | -92.0% |
| Total equity and liabilities | 10/49 | €1,928,907 | €2,601,171 | +€672,264 | +34.9% |
| Equity | 10/15 | €44,237 | €203,245 | +€159,008 | +359.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,763 | €153,245 | +€159,008 | |
| Amounts payable | 17/49 | €1,884,670 | €2,397,927 | +€513,257 | +27.2% |
| Amounts payable within one year | 42/48 | €1,884,670 | €2,397,927 | +€513,257 | +27.2% |
| Trade debts | 44 | €255,424 | €170,520 | -€84,904 | -33.2% |
| Suppliers | 440/4 | €255,424 | €170,520 | -€84,904 | -33.2% |
| Taxes, remuneration and social security | 45 | €73,952 | €71,113 | -€2,839 | -3.8% |
| Taxes | 450/3 | €8,985 | €56,204 | +€47,219 | +525.5% |
| Remuneration and social security | 454/9 | €64,967 | €14,909 | -€50,058 | -77.1% |
| Other amounts payable | 47/48 | €1,555,294 | €2,156,294 | +€601,000 | +38.6% |
| Remuneration, social security and pensions | 62 | €408,094 | €389,777 | -€18,317 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,293 | €64,570 | -€6,723 | -9.4% |
| Other operating charges | 640/8 | €4,770 | €353 | -€4,417 | -92.6% |
| Non-recurring operating charges | 66A | €1,392 | - | -€1,392 | |
| Gross operating margin | 9900 | €491,185 | €667,251 | +€176,066 | +35.8% |
| Operating profit (loss) | 9901 | €5,636 | €212,550 | +€206,914 | +3671.3% |
| Financial income | 75/76B | - | €85 | +€85 | |
| Recurring financial income | 75 | - | €85 | +€85 | |
| Financial charges | 65/66B | €3,348 | €5,449 | +€2,101 | +62.8% |
| Recurring financial charges | 65 | €3,348 | €5,449 | +€2,101 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €2,288 | €207,187 | +€204,899 | +8955.4% |
| Income taxes | 67/77 | €8,051 | €48,178 | +€40,127 | +498.4% |
| Profit (loss) for the period | 9904 | -€5,763 | €159,008 | +€164,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,763 | €159,008 | +€164,771 |
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 12 October 2026 via checked.be.