SecureICS: 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.
SecureICS
Largest movements
- Cash +€22,827
up €22,827 (+736.2%), from €3,101 to €25,928
mainly Net result for the year (+€36,942) and Receivables within one year (+€21,095)
- Receivables within one year -€21,095
down €21,095 (-23.7%), from €88,951 to €67,856
of which Trade receivables: -€26,916
- Reserves +€36,109
up €36,109 (+45.5%), from €79,380 to €115,489
of which Distributable reserves: +€36,109
- Tax, wage and social debts -€15,893
down €15,893 (-43.9%), from €36,171 to €20,278
of which Taxes: -€14,507
- Current portion of long-term debt -€6,932
down €6,932 (-76.4%), from €9,068 to €2,136
- Short-term financial debts -€6,649
down €6,649 (-93.0%), from €7,152 to €503
- Trade debts -€3,552
down €3,552 (-61.5%), from €5,773 to €2,221
- Staff costs -€66,348
down €66,348, from €66,327 to -€21
- Gross operating margin -€47,121
down €47,121 (-43.9%), from €107,304 to €60,183
- Taxes +€6,646
up €6,646 (+76.7%), from €8,669 to €15,315
- Depreciation -€2,965
down €2,965 (-33.5%), from €8,838 to €5,873
- Other operating charges -€1,461
down €1,461 (-50.1%), from €2,913 to €1,452
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 | €205,701 | €207,084 | +€1,382 | +0.7% |
| Fixed assets | 21/28 | €61,294 | €61,227 | -€68 | -0.1% |
| Tangible fixed assets | 22/27 | €55,044 | €54,977 | -€68 | -0.1% |
| Plant, machinery and equipment | 23 | €49,382 | €49,022 | -€360 | -0.7% |
| Furniture and vehicles | 24 | €1,238 | €2,007 | +€769 | +62.1% |
| Other tangible fixed assets | 26 | €4,425 | €3,947 | -€477 | -10.8% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €144,407 | €145,857 | +€1,450 | +1.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,951 | €67,856 | -€21,095 | -23.7% |
| Trade receivables | 40 | €81,545 | €54,629 | -€26,916 | -33.0% |
| Other amounts receivable | 41 | €7,406 | €13,227 | +€5,822 | +78.6% |
| Current investments | 50/53 | €148 | €148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,101 | €25,928 | +€22,827 | +736.2% |
| Deferred charges and accrued income | 490/1 | €2,207 | €1,925 | -€282 | -12.8% |
| Total equity and liabilities | 10/49 | €205,701 | €207,084 | +€1,382 | +0.7% |
| Equity | 10/15 | €144,068 | €180,177 | +€36,109 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,380 | €115,489 | +€36,109 | +45.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,520 | €113,629 | +€36,109 | +46.6% |
| Profit (loss) carried forward | 14 | €46,088 | €46,088 | = | 0.0% |
| Amounts payable | 17/49 | €61,634 | €26,906 | -€34,727 | -56.3% |
| Amounts payable after more than one year | 17 | €2,136 | €0 | -€2,136 | -100.0% |
| Financial debts | 170/4 | €2,136 | €0 | -€2,136 | -100.0% |
| Amounts payable within one year | 42/48 | €59,497 | €26,906 | -€32,591 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €9,068 | €2,136 | -€6,932 | -76.4% |
| Financial debts | 43 | €7,152 | €503 | -€6,649 | -93.0% |
| Credit institutions | 430/8 | €7,152 | €503 | -€6,649 | -93.0% |
| Trade debts | 44 | €5,773 | €2,221 | -€3,552 | -61.5% |
| Suppliers | 440/4 | €5,773 | €2,221 | -€3,552 | -61.5% |
| Taxes, remuneration and social security | 45 | €36,171 | €20,278 | -€15,893 | -43.9% |
| Taxes | 450/3 | €26,685 | €12,178 | -€14,507 | -54.4% |
| Remuneration and social security | 454/9 | €9,486 | €8,100 | -€1,386 | -14.6% |
| Other amounts payable | 47/48 | €1,333 | €1,768 | +€435 | +32.6% |
| Non-recurring operating income | 76A | - | €11,312 | +€11,312 | |
| Remuneration, social security and pensions | 62 | €66,327 | -€21 | -€66,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,838 | €5,873 | -€2,965 | -33.5% |
| Other operating charges | 640/8 | €2,913 | €1,452 | -€1,461 | -50.1% |
| Gross operating margin | 9900 | €107,304 | €60,183 | -€47,121 | -43.9% |
| Operating profit (loss) | 9901 | €29,226 | €52,879 | +€23,653 | +80.9% |
| Financial income | 75/76B | €417 | €568 | +€150 | +36.0% |
| Recurring financial income | 75 | €417 | €568 | +€150 | +36.0% |
| Financial charges | 65/66B | €1,449 | €1,190 | -€260 | -17.9% |
| Recurring financial charges | 65 | €1,449 | €1,190 | -€260 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €28,194 | €52,257 | +€24,063 | +85.3% |
| Income taxes | 67/77 | €8,669 | €15,315 | +€6,646 | +76.7% |
| Profit (loss) for the period | 9904 | €19,525 | €36,942 | +€17,417 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,525 | €36,942 | +€17,417 | +89.2% |
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 12 October 2026 via checked.be.