SECURENZA: 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.
SECURENZA
Largest movements
- Cash +€48,944
up €48,944 (+154%), from €31,679 to €80,623
mainly Net result for the year (+€56,037) and Depreciation (+€28,215)
- Tangible fixed assets -€26,040
down €26,040 (-28.6%), from €90,953 to €64,914
of which Furniture and vehicles: -€29,331
- Receivables within one year -€2,634
down €2,634 (-9.1%), from €28,965 to €26,331
of which Trade receivables: -€2,851
- Deferred charges and accrued income +€1,860
up €1,860 (+198%), from €941 to €2,801
- Reserves +€30,548
up €30,548 (+57.5%), from €53,146 to €83,694
- Debts after one year -€21,635
down €21,635 (-45.1%), from €47,937 to €26,302
- Other debts +€9,686
up €9,686 (+189%), from €5,133 to €14,819
- Profit (loss) carried forward +€3,989
no longer reported in 2025 (was -€3,989)
- Trade debts -€1,998
down €1,998 (-25.3%), from €7,909 to €5,911
- Gross operating margin +€65,395
up €65,395 (+177%), from €37,040 to €102,434
- Taxes +€14,025
up €14,025 (+1,075%), from €1,304 to €15,329
- Depreciation -€6,571
down €6,571 (-18.9%), from €34,785 to €28,215
- Other operating charges -€1,174
down €1,174 (-80.2%), from €1,463 to €290
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 | €152,539 | €174,669 | +€22,130 | +14.5% |
| Fixed assets | 21/28 | €90,953 | €64,914 | -€26,040 | -28.6% |
| Tangible fixed assets | 22/27 | €90,953 | €64,914 | -€26,040 | -28.6% |
| Plant, machinery and equipment | 23 | €6,103 | €9,394 | +€3,291 | +53.9% |
| Furniture and vehicles | 24 | €84,850 | €55,520 | -€29,331 | -34.6% |
| Current assets | 29/58 | €61,585 | €109,755 | +€48,170 | +78.2% |
| Amounts receivable within one year | 40/41 | €28,965 | €26,331 | -€2,634 | -9.1% |
| Trade receivables | 40 | €27,537 | €24,686 | -€2,851 | -10.4% |
| Other amounts receivable | 41 | €1,428 | €1,645 | +€217 | +15.2% |
| Cash at bank and in hand | 54/58 | €31,679 | €80,623 | +€48,944 | +154% |
| Deferred charges and accrued income | 490/1 | €941 | €2,801 | +€1,860 | +198% |
| Total equity and liabilities | 10/49 | €152,539 | €174,669 | +€22,130 | +14.5% |
| Equity | 10/15 | €53,157 | €87,694 | +€34,537 | +65.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €53,146 | €83,694 | +€30,548 | +57.5% |
| Distributable reserves | 133 | €53,146 | €83,694 | +€30,548 | +57.5% |
| Profit (loss) carried forward | 14 | -€3,989 | - | +€3,989 | |
| Amounts payable | 17/49 | €99,382 | €86,975 | -€12,407 | -12.5% |
| Amounts payable after more than one year | 17 | €47,937 | €26,302 | -€21,635 | -45.1% |
| Financial debts | 170/4 | €47,937 | €26,302 | -€21,635 | -45.1% |
| Amounts payable within one year | 42/48 | €51,445 | €60,673 | +€9,228 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €20,829 | €21,635 | +€806 | +3.9% |
| Trade debts | 44 | €7,909 | €5,911 | -€1,998 | -25.3% |
| Suppliers | 440/4 | €7,909 | €5,911 | -€1,998 | -25.3% |
| Taxes, remuneration and social security | 45 | €17,574 | €18,308 | +€734 | +4.2% |
| Taxes | 450/3 | €17,574 | €18,308 | +€734 | +4.2% |
| Other amounts payable | 47/48 | €5,133 | €14,819 | +€9,686 | +189% |
| Non-recurring operating income | 76A | - | €4,266 | +€4,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,785 | €28,215 | -€6,571 | -18.9% |
| Other operating charges | 640/8 | €1,463 | €290 | -€1,174 | -80.2% |
| Gross operating margin | 9900 | €37,040 | €102,434 | +€65,395 | +177% |
| Operating profit (loss) | 9901 | €791 | €73,930 | +€73,139 | +9,246% |
| Financial charges | 65/66B | €3,476 | €2,564 | -€912 | -26.2% |
| Recurring financial charges | 65 | €3,476 | €2,564 | -€912 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,685 | €71,366 | +€74,052 | |
| Income taxes | 67/77 | €1,304 | €15,329 | +€14,025 | +1,075% |
| Profit (loss) for the period | 9904 | -€3,989 | €56,037 | +€60,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,989 | €56,037 | +€60,027 |
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 14 October 2026 via checked.be.