SECURENET: 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.
SECURENET
Largest movements
- Cash -€45,535
down €45,535 (-63.9%), from €71,236 to €25,701
mainly Receivables within one year (-€31,992) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€31,992
up €31,992 (+260.2%), from €12,296 to €44,289
of which Trade receivables: +€16,522
- Tangible fixed assets -€18,967
down €18,967 (-9.7%), from €196,430 to €177,463
of which Furniture and vehicles: -€11,934
- Debts after one year -€17,981
down €17,981 (-26.1%), from €68,949 to €50,968
- Profit (loss) carried forward -€14,930
down €14,930 (-11.2%), from €133,104 to €118,174
- Other debts -€5,508
down €5,508 (-13.7%), from €40,329 to €34,821
- Tax, wage and social debts +€5,160
up €5,160 (+175.2%), from €2,946 to €8,105
- Gross operating margin -€61,494
down €61,494 (-57.8%), from €106,324 to €44,830
- Taxes -€16,041
down €16,041 (-74.4%), from €21,571 to €5,529
- Depreciation +€3,823
up €3,823 (+21.0%), from €18,248 to €22,071
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 | €279,962 | €247,453 | -€32,509 | -11.6% |
| Fixed assets | 21/28 | €196,430 | €177,463 | -€18,967 | -9.7% |
| Tangible fixed assets | 22/27 | €196,430 | €177,463 | -€18,967 | -9.7% |
| Land and buildings | 22 | €128,096 | €123,352 | -€4,744 | -3.7% |
| Plant, machinery and equipment | 23 | €2,025 | €1,546 | -€479 | -23.7% |
| Furniture and vehicles | 24 | €61,776 | €49,841 | -€11,934 | -19.3% |
| Other tangible fixed assets | 26 | €4,534 | €2,724 | -€1,810 | -39.9% |
| Current assets | 29/58 | €83,532 | €69,989 | -€13,542 | -16.2% |
| Amounts receivable within one year | 40/41 | €12,296 | €44,289 | +€31,992 | +260.2% |
| Trade receivables | 40 | €12,296 | €28,818 | +€16,522 | +134.4% |
| Other amounts receivable | 41 | - | €15,471 | +€15,471 | |
| Cash at bank and in hand | 54/58 | €71,236 | €25,701 | -€45,535 | -63.9% |
| Total equity and liabilities | 10/49 | €279,962 | €247,453 | -€32,509 | -11.6% |
| Equity | 10/15 | €148,964 | €134,034 | -€14,930 | -10.0% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,104 | €118,174 | -€14,930 | -11.2% |
| Amounts payable | 17/49 | €130,998 | €113,419 | -€17,579 | -13.4% |
| Amounts payable after more than one year | 17 | €68,949 | €50,968 | -€17,981 | -26.1% |
| Financial debts | 170/4 | €68,949 | €50,968 | -€17,981 | -26.1% |
| Amounts payable within one year | 42/48 | €62,027 | €60,907 | -€1,119 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €17,694 | €17,981 | +€287 | +1.6% |
| Trade debts | 44 | €1,059 | - | -€1,059 | |
| Suppliers | 440/4 | €1,059 | - | -€1,059 | |
| Taxes, remuneration and social security | 45 | €2,946 | €8,105 | +€5,160 | +175.2% |
| Taxes | 450/3 | €2,946 | €8,105 | +€5,160 | +175.2% |
| Other amounts payable | 47/48 | €40,329 | €34,821 | -€5,508 | -13.7% |
| Accrued charges and deferred income | 492/3 | €22 | €1,544 | +€1,522 | +6891.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,248 | €22,071 | +€3,823 | +21.0% |
| Other operating charges | 640/8 | €1,774 | €734 | -€1,041 | -58.7% |
| Gross operating margin | 9900 | €106,324 | €44,830 | -€61,494 | -57.8% |
| Operating profit (loss) | 9901 | €86,302 | €22,025 | -€64,277 | -74.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,669 | €1,426 | -€243 | -14.6% |
| Recurring financial charges | 65 | €1,669 | €1,426 | -€243 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €84,632 | €20,599 | -€64,033 | -75.7% |
| Income taxes | 67/77 | €21,571 | €5,529 | -€16,041 | -74.4% |
| Profit (loss) for the period | 9904 | €63,062 | €15,070 | -€47,992 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,062 | €15,070 | -€47,992 | -76.1% |
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 1 October 2026 via checked.be.