SECUREX CONSULT: 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.
SECUREX CONSULT
Largest movements
- Current investments +€6.1m
up €6.1m (+1977.1%), from €308,307 to €6.4m
- Cash -€5.0m
down €5.0m (-94.4%), from €5.3m to €295,291
mainly Current investments (-€6.1m) and Accrued charges and deferred income (-€152,649)
- Other debts +€1.3m
up €1.3m (+26.4%), from €5.1m to €6.4m
- Trade debts +€195,155
up €195,155 (+24.5%), from €795,405 to €990,560
- Accrued charges and deferred income -€152,649
down €152,649 (-47.3%), from €323,054 to €170,405
- Profit (loss) carried forward -€144,697
down €144,697 (-77.7%), from -€186,134 to -€330,831
- Write-downs -€208,410
down €208,410, from €116,551 to -€91,859
- Staff costs +€198,408
up €198,408 (+5.3%), from €3.7m to €3.9m
- Gross operating margin +€100,837
up €100,837 (+2.7%), from €3.8m to €3.9m
- Other operating charges +€97,521
up €97,521 (+427.8%), from €22,796 to €120,318
- Provisions +€80,000
new in 2025: €80,000
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 | €7,893,920 | €9,186,766 | +€1.3m | +16.4% |
| Fixed assets | 21/28 | €684,551 | €742,305 | +€57,754 | +8.4% |
| Intangible fixed assets | 21 | €678,795 | €734,061 | +€55,266 | +8.1% |
| Tangible fixed assets | 22/27 | €5,757 | €8,244 | +€2,487 | +43.2% |
| Other tangible fixed assets | 26 | €5,757 | €8,244 | +€2,487 | +43.2% |
| Current assets | 29/58 | €7,209,368 | €8,444,461 | +€1.2m | +17.1% |
| Amounts receivable within one year | 40/41 | €1,619,118 | €1,686,175 | +€67,057 | +4.1% |
| Trade receivables | 40 | €1,602,990 | €1,658,649 | +€55,659 | +3.5% |
| Other amounts receivable | 41 | €16,128 | €27,526 | +€11,398 | +70.7% |
| Current investments | 50/53 | €308,307 | €6,403,868 | +€6.1m | +1977.1% |
| Cash at bank and in hand | 54/58 | €5,260,923 | €295,291 | -€5.0m | -94.4% |
| Deferred charges and accrued income | 490/1 | €21,020 | €59,127 | +€38,107 | +181.3% |
| Total equity and liabilities | 10/49 | €7,893,920 | €9,186,766 | +€1.3m | +16.4% |
| Equity | 10/15 | €1,032,599 | €887,902 | -€144,697 | -14.0% |
| Contributions | 10/11 | €1,167,349 | €1,167,349 | = | 0.0% |
| Capital | 10 | €1,167,349 | €1,167,349 | = | 0.0% |
| Issued capital | 100 | €1,167,349 | €1,167,349 | = | 0.0% |
| Reserves | 13 | €51,384 | €51,384 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,384 | €51,384 | = | 0.0% |
| Legal reserve | 130 | €51,384 | €51,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,134 | -€330,831 | -€144,697 | -77.7% |
| Provisions and deferred taxes | 16 | - | €80,000 | +€80,000 | |
| Provisions for liabilities and charges | 160/5 | - | €80,000 | +€80,000 | |
| Other liabilities and charges | 164/5 | - | €80,000 | +€80,000 | |
| Amounts payable | 17/49 | €6,861,321 | €8,218,864 | +€1.4m | +19.8% |
| Amounts payable within one year | 42/48 | €6,538,267 | €8,048,459 | +€1.5m | +23.1% |
| Trade debts | 44 | €795,405 | €990,560 | +€195,155 | +24.5% |
| Suppliers | 440/4 | €795,405 | €990,560 | +€195,155 | +24.5% |
| Taxes, remuneration and social security | 45 | €665,375 | €642,066 | -€23,309 | -3.5% |
| Taxes | 450/3 | €185,167 | €138,883 | -€46,284 | -25.0% |
| Remuneration and social security | 454/9 | €480,208 | €503,183 | +€22,976 | +4.8% |
| Other amounts payable | 47/48 | €5,077,488 | €6,415,834 | +€1.3m | +26.4% |
| Accrued charges and deferred income | 492/3 | €323,054 | €170,405 | -€152,649 | -47.3% |
| Remuneration, social security and pensions | 62 | €3,710,412 | €3,908,820 | +€198,408 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,761 | €57,543 | +€29,782 | +107.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €116,551 | -€91,859 | -€208,410 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €80,000 | +€80,000 | |
| Other operating charges | 640/8 | €22,796 | €120,318 | +€97,521 | +427.8% |
| Gross operating margin | 9900 | €3,763,266 | €3,864,104 | +€100,837 | +2.7% |
| Operating profit (loss) | 9901 | -€114,253 | -€210,717 | -€96,464 | -84.4% |
| Financial income | 75/76B | €166,037 | €106,529 | -€59,508 | -35.8% |
| Recurring financial income | 75 | €166,037 | €106,529 | -€59,508 | -35.8% |
| Financial charges | 65/66B | €27,923 | €24,472 | -€3,451 | -12.4% |
| Recurring financial charges | 65 | €27,923 | €24,472 | -€3,451 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €23,860 | -€128,660 | -€152,520 | |
| Income taxes | 67/77 | €36,494 | €16,037 | -€20,457 | -56.1% |
| Profit (loss) for the period | 9904 | -€12,634 | -€144,697 | -€132,063 | -1045.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,634 | -€144,697 | -€132,063 | -1045.3% |
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.