SECUREKOD: 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.
SECUREKOD
Largest movements
- Cash +€28,323
up €28,323 (+25.5%), from €111,235 to €139,558
mainly Net result for the year (+€31,229) and Accrued charges and deferred income (+€14,060)
- Current investments +€15,330
up €15,330 (+153.3%), from €10,000 to €25,330
- Receivables within one year +€13,141
up €13,141 (+1403.4%), from €936 to €14,078
of which Trade receivables: +€14,078
- Profit (loss) carried forward +€31,229
up €31,229 (+33.9%), from €92,067 to €123,296
- Accrued charges and deferred income +€14,060
new in 2025: €14,060
- Trade debts +€7,912
up €7,912 (+130.0%), from €6,087 to €13,999
- Tax, wage and social debts +€2,571
up €2,571 (+18.9%), from €13,603 to €16,174
- Depreciation -€3,804
down €3,804 (-68.6%), from €5,541 to €1,737
- Gross operating margin -€2,991
down €2,991 (-5.7%), from €52,836 to €49,844
- Taxes +€2,477
up €2,477 (+23.3%), from €10,622 to €13,099
- Financial charges +€631
up €631 (+42.9%), from €1,470 to €2,101
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 | €156,340 | €212,447 | +€56,107 | +35.9% |
| Fixed assets | 21/28 | €32,423 | €32,307 | -€116 | -0.4% |
| Tangible fixed assets | 22/27 | €8,917 | €8,801 | -€116 | -1.3% |
| Land and buildings | 22 | €4,874 | €3,600 | -€1,274 | -26.1% |
| Plant, machinery and equipment | 23 | €1,977 | €1,563 | -€414 | -21.0% |
| Furniture and vehicles | 24 | €2,066 | €3,638 | +€1,572 | +76.1% |
| Financial fixed assets | 28 | €23,506 | €23,506 | = | 0.0% |
| Current assets | 29/58 | €123,917 | €180,140 | +€56,223 | +45.4% |
| Amounts receivable within one year | 40/41 | €936 | €14,078 | +€13,141 | +1403.4% |
| Trade receivables | 40 | - | €14,078 | +€14,078 | |
| Other amounts receivable | 41 | €936 | - | -€936 | |
| Current investments | 50/53 | €10,000 | €25,330 | +€15,330 | +153.3% |
| Cash at bank and in hand | 54/58 | €111,235 | €139,558 | +€28,323 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,746 | €1,175 | -€571 | -32.7% |
| Total equity and liabilities | 10/49 | €156,340 | €212,447 | +€56,107 | +35.9% |
| Equity | 10/15 | €125,519 | €156,748 | +€31,229 | +24.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €27,252 | €27,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €25,392 | €27,252 | +€1,860 | +7.3% |
| Profit (loss) carried forward | 14 | €92,067 | €123,296 | +€31,229 | +33.9% |
| Amounts payable | 17/49 | €30,822 | €55,699 | +€24,877 | +80.7% |
| Amounts payable within one year | 42/48 | €30,822 | €41,639 | +€10,817 | +35.1% |
| Trade debts | 44 | €6,087 | €13,999 | +€7,912 | +130.0% |
| Suppliers | 440/4 | €6,087 | €13,999 | +€7,912 | +130.0% |
| Taxes, remuneration and social security | 45 | €13,603 | €16,174 | +€2,571 | +18.9% |
| Taxes | 450/3 | €13,603 | €16,174 | +€2,571 | +18.9% |
| Other amounts payable | 47/48 | €11,132 | €11,466 | +€334 | +3.0% |
| Accrued charges and deferred income | 492/3 | - | €14,060 | +€14,060 | |
| Remuneration, social security and pensions | 62 | - | €470 | +€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,541 | €1,737 | -€3,804 | -68.6% |
| Other operating charges | 640/8 | €1,596 | €1,210 | -€386 | -24.2% |
| Gross operating margin | 9900 | €52,836 | €49,844 | -€2,991 | -5.7% |
| Operating profit (loss) | 9901 | €45,699 | €46,428 | +€729 | +1.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,470 | €2,101 | +€631 | +42.9% |
| Recurring financial charges | 65 | €1,470 | €2,101 | +€631 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €44,229 | €44,328 | +€100 | +0.2% |
| Income taxes | 67/77 | €10,622 | €13,099 | +€2,477 | +23.3% |
| Profit (loss) for the period | 9904 | €33,607 | €31,229 | -€2,377 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,607 | €31,229 | -€2,377 | -7.1% |
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 8 October 2026 via checked.be.