SECURESAFE: 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.
SECURESAFE
Largest movements
- Receivables within one year -€103,719
down €103,719 (-44.3%), from €233,882 to €130,163
of which Trade receivables: -€86,755
- Cash -€44,254
down €44,254 (-99.3%), from €44,566 to €312
mainly Net result for the year (-€238,508) and Tax, wage and social debts (-€26,804)
- Intangible fixed assets -€15,390
down €15,390 (-10.4%), from €147,917 to €132,527
- Deferred charges and accrued income -€11,036
no longer reported in 2025 (was €11,036)
- Profit (loss) carried forward -€238,508
down €238,508 (-254.6%), from -€93,681 to -€332,189
- Debts after one year +€86,000
up €86,000 (+29.8%), from €288,567 to €374,567
- Tax, wage and social debts -€26,804
down €26,804 (-36.7%), from €73,049 to €46,245
of which Remuneration and social security: -€16,768
- Current portion of long-term debt +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
- Trade debts -€8,516
down €8,516 (-8.2%), from €103,629 to €95,113
- Gross operating margin -€86,752
down €86,752 (-30.3%), from €286,425 to €199,673
- Staff costs +€74,465
up €74,465 (+22.9%), from €325,496 to €399,961
- Financial charges -€64,460
down €64,460 (-77.6%), from €83,044 to €18,584
of which Non-recurring financial charges: -€66,499
- Financial income -€37,955
no longer reported in 2025 (was €37,955)
of which Non-recurring financial income: -€37,287
- Depreciation +€9,621
up €9,621 (+160.0%), from €6,012 to €15,633
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 | €438,589 | €263,947 | -€174,642 | -39.8% |
| Fixed assets | 21/28 | €149,105 | €133,471 | -€15,633 | -10.5% |
| Intangible fixed assets | 21 | €147,917 | €132,527 | -€15,390 | -10.4% |
| Tangible fixed assets | 22/27 | €1,188 | €945 | -€243 | -20.5% |
| Furniture and vehicles | 24 | €1,188 | €945 | -€243 | -20.5% |
| Current assets | 29/58 | €289,484 | €130,475 | -€159,009 | -54.9% |
| Amounts receivable within one year | 40/41 | €233,882 | €130,163 | -€103,719 | -44.3% |
| Trade receivables | 40 | €147,193 | €60,438 | -€86,755 | -58.9% |
| Other amounts receivable | 41 | €86,689 | €69,724 | -€16,964 | -19.6% |
| Cash at bank and in hand | 54/58 | €44,566 | €312 | -€44,254 | -99.3% |
| Deferred charges and accrued income | 490/1 | €11,036 | - | -€11,036 | |
| Total equity and liabilities | 10/49 | €438,589 | €263,947 | -€174,642 | -39.8% |
| Equity | 10/15 | -€43,681 | -€282,189 | -€238,508 | -546.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,681 | -€332,189 | -€238,508 | -254.6% |
| Amounts payable | 17/49 | €482,270 | €546,136 | +€63,866 | +13.2% |
| Amounts payable after more than one year | 17 | €288,567 | €374,567 | +€86,000 | +29.8% |
| Financial debts | 170/4 | €288,567 | €374,567 | +€86,000 | +29.8% |
| Amounts payable within one year | 42/48 | €191,888 | €171,569 | -€20,320 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Trade debts | 44 | €103,629 | €95,113 | -€8,516 | -8.2% |
| Suppliers | 440/4 | €103,629 | €95,113 | -€8,516 | -8.2% |
| Advances received on contracts in progress | 46 | €210 | €210 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €73,049 | €46,245 | -€26,804 | -36.7% |
| Taxes | 450/3 | €10,414 | €378 | -€10,036 | -96.4% |
| Remuneration and social security | 454/9 | €62,635 | €45,867 | -€16,768 | -26.8% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €1,814 | - | -€1,814 | |
| Remuneration, social security and pensions | 62 | €325,496 | €399,961 | +€74,465 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,012 | €15,633 | +€9,621 | +160.0% |
| Other operating charges | 640/8 | €2,517 | €4,001 | +€1,485 | +59.0% |
| Non-recurring operating charges | 66A | €992 | - | -€992 | |
| Gross operating margin | 9900 | €286,425 | €199,673 | -€86,752 | -30.3% |
| Operating profit (loss) | 9901 | -€48,592 | -€219,924 | -€171,332 | -352.6% |
| Financial income | 75/76B | €37,955 | - | -€37,955 | |
| Recurring financial income | 75 | €668 | - | -€668 | |
| Non-recurring financial income | 76B | €37,287 | - | -€37,287 | |
| Financial charges | 65/66B | €83,044 | €18,584 | -€64,460 | -77.6% |
| Recurring financial charges | 65 | €12,521 | €14,561 | +€2,040 | +16.3% |
| Non-recurring financial charges | 66B | €70,522 | €4,023 | -€66,499 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | -€93,681 | -€238,508 | -€144,827 | -154.6% |
| Profit (loss) for the period | 9904 | -€93,681 | -€238,508 | -€144,827 | -154.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,681 | -€238,508 | -€144,827 | -154.6% |
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 2 October 2026 via checked.be.