SECURENDO: 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.
SECURENDO
Largest movements
- Current investments +€15,901
up €15,901 (+9.1%), from €174,565 to €190,467
- Receivables within one year +€4,498
up €4,498 (+8.5%), from €52,660 to €57,158
of which Other amounts receivable: +€3,370
- Deferred charges and accrued income -€3,473
down €3,473 (-92.6%), from €3,752 to €279
- Reserves +€14,375
up €14,375 (+5.6%), from €258,857 to €273,232
- Gross operating margin -€32,682
down €32,682 (-58.4%), from €55,925 to €23,244
- Taxes -€10,355
down €10,355 (-60.3%), from €17,159 to €6,804
- Financial charges -€1,287
down €1,287 (-84.0%), from €1,532 to €245
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 | €318,314 | €330,068 | +€11,754 | +3.7% |
| Fixed assets | 21/28 | €77,157 | €75,225 | -€1,932 | -2.5% |
| Tangible fixed assets | 22/27 | €1,935 | €3 | -€1,932 | -99.9% |
| Plant, machinery and equipment | 23 | €1,896 | €3 | -€1,893 | -99.9% |
| Furniture and vehicles | 24 | €39 | €0 | -€39 | -100.0% |
| Financial fixed assets | 28 | €75,222 | €75,222 | = | 0.0% |
| Current assets | 29/58 | €241,156 | €254,843 | +€13,686 | +5.7% |
| Amounts receivable within one year | 40/41 | €52,660 | €57,158 | +€4,498 | +8.5% |
| Trade receivables | 40 | €52,660 | €53,788 | +€1,128 | +2.1% |
| Other amounts receivable | 41 | €0 | €3,370 | +€3,370 | |
| Current investments | 50/53 | €174,565 | €190,467 | +€15,901 | +9.1% |
| Cash at bank and in hand | 54/58 | €10,179 | €6,940 | -€3,239 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,752 | €279 | -€3,473 | -92.6% |
| Total equity and liabilities | 10/49 | €318,314 | €330,068 | +€11,754 | +3.7% |
| Equity | 10/15 | €271,269 | €285,644 | +€14,375 | +5.3% |
| Contributions | 10/11 | €12,412 | €12,412 | = | 0.0% |
| Reserves | 13 | €258,857 | €273,232 | +€14,375 | +5.6% |
| Distributable reserves | 133 | €258,857 | €273,232 | +€14,375 | +5.6% |
| Amounts payable | 17/49 | €47,045 | €44,424 | -€2,621 | -5.6% |
| Amounts payable within one year | 42/48 | €47,045 | €44,406 | -€2,639 | -5.6% |
| Trade debts | 44 | €3,754 | €4,088 | +€333 | +8.9% |
| Suppliers | 440/4 | €3,754 | €4,088 | +€333 | +8.9% |
| Taxes, remuneration and social security | 45 | €22,604 | €19,650 | -€2,953 | -13.1% |
| Taxes | 450/3 | €22,604 | €19,650 | -€2,953 | -13.1% |
| Other amounts payable | 47/48 | €20,687 | €20,668 | -€19 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €1,932 | -€290 | -13.1% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €55,925 | €23,244 | -€32,682 | -58.4% |
| Operating profit (loss) | 9901 | €53,251 | €20,846 | -€32,406 | -60.9% |
| Financial income | 75/76B | €1,136 | €578 | -€558 | -49.1% |
| Recurring financial income | 75 | €1,136 | €578 | -€558 | -49.1% |
| Financial charges | 65/66B | €1,532 | €245 | -€1,287 | -84.0% |
| Recurring financial charges | 65 | €1,532 | €245 | -€1,287 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €52,855 | €21,178 | -€31,677 | -59.9% |
| Income taxes | 67/77 | €17,159 | €6,804 | -€10,355 | -60.3% |
| Profit (loss) for the period | 9904 | €35,696 | €14,375 | -€21,321 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,696 | €14,375 | -€21,321 | -59.7% |
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.