SECURE INSIDE: 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 INSIDE
Largest movements
- Stocks and contracts -€48,748
down €48,748 (-44.8%), from €108,748 to €60,000
- Intangible fixed assets +€13,416
up €13,416 (+5,355%), from €251 to €13,666
- Tangible fixed assets -€13,127
down €13,127 (-21.4%), from €61,304 to €48,178
of which Furniture and vehicles: -€10,815
- Current investments +€10,301
up €10,301 (+110%), from €9,366 to €19,667
- Cash +€9,847
up €9,847 (+44.9%), from €21,918 to €31,764
mainly Current portion of long-term debt (+€71,565) and Net result for the year (+€55,208)
- Trade debts -€148,250
down €148,250 (-73.4%), from €201,966 to €53,716
- Current portion of long-term debt +€71,565
up €71,565 (+222%), from €32,288 to €103,853
- Profit (loss) carried forward +€55,208
up €55,208 (+221%), from €24,949 to €80,156
- Tax, wage and social debts +€16,668
up €16,668 (+146%), from €11,405 to €28,073
of which Remuneration and social security: +€18,794
- Debts after one year -€8,873
down €8,873 (-100%), from €8,873 to €0
- Gross operating margin +€154,531
up €154,531 (+189%), from €81,871 to €236,402
- Staff costs +€69,870
up €69,870 (+105%), from €66,558 to €136,428
- Taxes +€16,065
up €16,065 (+6,275%), from €256 to €16,321
- Depreciation +€3,775
up €3,775 (+22.5%), from €16,795 to €20,570
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.
Derived cash bridge
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 | €319,960 | €301,923 | -€18,037 | -5.6% |
| Fixed assets | 21/28 | €62,360 | €62,649 | +€289 | +0.5% |
| Intangible fixed assets | 21 | €251 | €13,666 | +€13,416 | +5,355% |
| Tangible fixed assets | 22/27 | €61,304 | €48,178 | -€13,127 | -21.4% |
| Plant, machinery and equipment | 23 | €671 | €3,118 | +€2,447 | +365% |
| Furniture and vehicles | 24 | €19,191 | €8,376 | -€10,815 | -56.4% |
| Other tangible fixed assets | 26 | €41,442 | €36,684 | -€4,759 | -11.5% |
| Financial fixed assets | 28 | €805 | €805 | = | 0.0% |
| Current assets | 29/58 | €257,600 | €239,273 | -€18,327 | -7.1% |
| Stocks and contracts in progress | 3 | €108,748 | €60,000 | -€48,748 | -44.8% |
| Stocks | 30/36 | €108,748 | €60,000 | -€48,748 | -44.8% |
| Amounts receivable within one year | 40/41 | €106,799 | €113,179 | +€6,380 | +6.0% |
| Trade receivables | 40 | €57,864 | €105,956 | +€48,092 | +83.1% |
| Other amounts receivable | 41 | €48,935 | €7,223 | -€41,711 | -85.2% |
| Current investments | 50/53 | €9,366 | €19,667 | +€10,301 | +110% |
| Cash at bank and in hand | 54/58 | €21,918 | €31,764 | +€9,847 | +44.9% |
| Deferred charges and accrued income | 490/1 | €10,770 | €14,663 | +€3,893 | +36.1% |
| Total equity and liabilities | 10/49 | €319,960 | €301,923 | -€18,037 | -5.6% |
| Equity | 10/15 | €45,409 | €100,616 | +€55,208 | +122% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,949 | €80,156 | +€55,208 | +221% |
| Amounts payable | 17/49 | €274,552 | €201,306 | -€73,245 | -26.7% |
| Amounts payable after more than one year | 17 | €8,873 | €0 | -€8,873 | -100% |
| Financial debts | 170/4 | €8,873 | €0 | -€8,873 | -100% |
| Amounts payable within one year | 42/48 | €251,660 | €192,829 | -€58,831 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €32,288 | €103,853 | +€71,565 | +222% |
| Financial debts | 43 | €1,365 | €3,984 | +€2,619 | +192% |
| Credit institutions | 430/8 | €1,365 | €3,984 | +€2,619 | +192% |
| Trade debts | 44 | €201,966 | €53,716 | -€148,250 | -73.4% |
| Suppliers | 440/4 | €201,966 | €53,716 | -€148,250 | -73.4% |
| Taxes, remuneration and social security | 45 | €11,405 | €28,073 | +€16,668 | +146% |
| Taxes | 450/3 | €3,977 | €1,850 | -€2,127 | -53.5% |
| Remuneration and social security | 454/9 | €7,429 | €26,223 | +€18,794 | +253% |
| Other amounts payable | 47/48 | €4,636 | €3,203 | -€1,433 | -30.9% |
| Accrued charges and deferred income | 492/3 | €14,019 | €8,478 | -€5,541 | -39.5% |
| Non-recurring operating income | 76A | €62 | €0 | -€62 | -100% |
| Remuneration, social security and pensions | 62 | €66,558 | €136,428 | +€69,870 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,795 | €20,570 | +€3,775 | +22.5% |
| Other operating charges | 640/8 | €2,471 | €2,647 | +€176 | +7.1% |
| Non-recurring operating charges | 66A | €75 | €569 | +€494 | +659% |
| Gross operating margin | 9900 | €81,871 | €236,402 | +€154,531 | +189% |
| Operating profit (loss) | 9901 | -€4,027 | €76,189 | +€80,216 | |
| Financial income | 75/76B | €543 | €700 | +€156 | +28.8% |
| Recurring financial income | 75 | €543 | €700 | +€156 | +28.8% |
| Financial charges | 65/66B | €5,119 | €5,360 | +€241 | +4.7% |
| Recurring financial charges | 65 | €5,119 | €5,360 | +€241 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,602 | €71,529 | +€80,131 | |
| Income taxes | 67/77 | €256 | €16,321 | +€16,065 | +6,275% |
| Profit (loss) for the period | 9904 | -€8,858 | €55,208 | +€64,066 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,858 | €55,208 | +€64,066 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.