SECURENESS: 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.
SECURENESS
Largest movements
- Tangible fixed assets +€29,173
up €29,173 (+178%), from €16,370 to €45,543
of which Other tangible fixed assets: +€28,876
- Receivables within one year -€17,745
down €17,745 (-95.6%), from €18,559 to €814
of which Trade receivables: -€18,559
- Cash +€10,085
up €10,085 (+172%), from €5,865 to €15,950
mainly Receivables within one year (+€17,745) and Other debts (+€8,126)
- Deferred charges and accrued income +€2,178
up €2,178 (+317%), from €687 to €2,865
- Intangible fixed assets -€1,852
down €1,852 (-21.0%), from €8,801 to €6,949
- Other debts +€8,126
up €8,126 (+109%), from €7,448 to €15,574
- Debts after one year +€7,705
new in 2025: €7,705
- Current portion of long-term debt +€7,446
new in 2025: €7,446
- Trade debts -€4,686
down €4,686 (-22.1%), from €21,163 to €16,477
- Tax, wage and social debts +€3,443
up €3,443 (+53.8%), from €6,399 to €9,842
of which Remuneration and social security: +€2,275
- Gross operating margin -€12,520
down €12,520 (-51.1%), from €24,487 to €11,967
- Depreciation +€4,192
up €4,192 (+504%), from €831 to €5,023
- Taxes -€2,896
down €2,896 (-55.4%), from €5,231 to €2,336
- Financial charges +€751
up €751 (+44.3%), from €1,695 to €2,447
- Other operating charges +€399
up €399 (+137%), from €291 to €691
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 | €50,282 | €72,121 | +€21,839 | +43.4% |
| Fixed assets | 21/28 | €25,172 | €52,493 | +€27,321 | +109% |
| Intangible fixed assets | 21 | €8,801 | €6,949 | -€1,852 | -21.0% |
| Tangible fixed assets | 22/27 | €16,370 | €45,543 | +€29,173 | +178% |
| Furniture and vehicles | 24 | €1,631 | €1,928 | +€297 | +18.2% |
| Other tangible fixed assets | 26 | €14,739 | €43,615 | +€28,876 | +196% |
| Current assets | 29/58 | €25,111 | €19,629 | -€5,482 | -21.8% |
| Amounts receivable within one year | 40/41 | €18,559 | €814 | -€17,745 | -95.6% |
| Trade receivables | 40 | €18,559 | €0 | -€18,559 | -100% |
| Other amounts receivable | 41 | - | €814 | +€814 | |
| Cash at bank and in hand | 54/58 | €5,865 | €15,950 | +€10,085 | +172% |
| Deferred charges and accrued income | 490/1 | €687 | €2,865 | +€2,178 | +317% |
| Total equity and liabilities | 10/49 | €50,282 | €72,121 | +€21,839 | +43.4% |
| Equity | 10/15 | €15,272 | €15,077 | -€195 | -1.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €14,772 | €14,577 | -€195 | -1.3% |
| Distributable reserves | 133 | €14,772 | €14,577 | -€195 | -1.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,011 | €57,045 | +€22,034 | +62.9% |
| Amounts payable after more than one year | 17 | - | €7,705 | +€7,705 | |
| Financial debts | 170/4 | - | €7,705 | +€7,705 | |
| Amounts payable within one year | 42/48 | €35,011 | €49,340 | +€14,329 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,446 | +€7,446 | |
| Trade debts | 44 | €21,163 | €16,477 | -€4,686 | -22.1% |
| Suppliers | 440/4 | €21,163 | €16,477 | -€4,686 | -22.1% |
| Taxes, remuneration and social security | 45 | €6,399 | €9,842 | +€3,443 | +53.8% |
| Taxes | 450/3 | €6,399 | €7,567 | +€1,168 | +18.3% |
| Remuneration and social security | 454/9 | - | €2,275 | +€2,275 | |
| Other amounts payable | 47/48 | €7,448 | €15,574 | +€8,126 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €831 | €5,023 | +€4,192 | +504% |
| Other operating charges | 640/8 | €291 | €691 | +€399 | +137% |
| Gross operating margin | 9900 | €24,487 | €11,967 | -€12,520 | -51.1% |
| Operating profit (loss) | 9901 | €23,364 | €6,253 | -€17,111 | -73.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,695 | €2,447 | +€751 | +44.3% |
| Recurring financial charges | 65 | €1,695 | €2,447 | +€751 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €21,669 | €3,807 | -€17,863 | -82.4% |
| Income taxes | 67/77 | €5,231 | €2,336 | -€2,896 | -55.4% |
| Profit (loss) for the period | 9904 | €16,438 | €1,471 | -€14,967 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,438 | €1,471 | -€14,967 | -91.1% |
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 13 October 2026 via checked.be.