SECUREX INTERNATIONAL: 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.
SECUREX INTERNATIONAL
Largest movements
- Receivables within one year +€125,463
up €125,463 (+14.3%), from €880,066 to €1.0m
of which Trade receivables: +€109,988
- Tangible fixed assets +€103,911
up €103,911 (+8.6%), from €1.2m to €1.3m
of which Other tangible fixed assets: +€120,074
- Debts after one year +€300,000
new in 2025: €300,000
- Short-term financial debts -€300,000
down €300,000 (-27.3%), from €1.1m to €800,000
- Other debts +€200,000
up €200,000 (+200%), from €100,000 to €300,000
- Provisions +€120,116
no longer reported in 2025 (was -€120,116)
- Gross operating margin -€83,179
down €83,179 (-7.5%), from €1.1m to €1.0m
- Financial charges -€74,886
down €74,886 (-60.1%), from €124,515 to €49,629
of which Non-recurring financial charges: -€59,081
- Staff costs -€70,321
down €70,321 (-10.1%), from €695,170 to €624,849
- Other operating charges -€54,489
down €54,489 (-26.1%), from €208,721 to €154,232
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,301,525 | €2,525,993 | +€224,468 | +9.8% |
| Fixed assets | 21/28 | €1,270,969 | €1,375,445 | +€104,476 | +8.2% |
| Intangible fixed assets | 21 | €1,364 | €883 | -€482 | -35.3% |
| Tangible fixed assets | 22/27 | €1,211,595 | €1,315,506 | +€103,911 | +8.6% |
| Plant, machinery and equipment | 23 | €2,357 | €109 | -€2,248 | -95.4% |
| Furniture and vehicles | 24 | €203,548 | €189,633 | -€13,914 | -6.8% |
| Other tangible fixed assets | 26 | €1,005,690 | €1,125,764 | +€120,074 | +11.9% |
| Financial fixed assets | 28 | €58,010 | €59,056 | +€1,046 | +1.8% |
| Current assets | 29/58 | €1,030,556 | €1,150,548 | +€119,992 | +11.6% |
| Amounts receivable within one year | 40/41 | €880,066 | €1,005,529 | +€125,463 | +14.3% |
| Trade receivables | 40 | €865,187 | €975,175 | +€109,988 | +12.7% |
| Other amounts receivable | 41 | €14,879 | €30,354 | +€15,475 | +104% |
| Cash at bank and in hand | 54/58 | €150,491 | €137,239 | -€13,251 | -8.8% |
| Deferred charges and accrued income | 490/1 | - | €7,780 | +€7,780 | |
| Total equity and liabilities | 10/49 | €2,301,525 | €2,525,993 | +€224,468 | +9.8% |
| Amounts payable | 17/49 | €2,301,525 | €2,525,993 | +€224,468 | +9.8% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €2,299,885 | €2,216,661 | -€83,224 | -3.6% |
| Financial debts | 43 | €1,100,000 | €800,000 | -€300,000 | -27.3% |
| Other loans | 439 | €1,100,000 | €800,000 | -€300,000 | -27.3% |
| Trade debts | 44 | €925,633 | €925,553 | -€80 | 0.0% |
| Suppliers | 440/4 | €925,633 | €925,553 | -€80 | 0.0% |
| Taxes, remuneration and social security | 45 | €174,253 | €191,109 | +€16,856 | +9.7% |
| Taxes | 450/3 | €42,875 | €62,212 | +€19,336 | +45.1% |
| Remuneration and social security | 454/9 | €131,377 | €128,897 | -€2,480 | -1.9% |
| Other amounts payable | 47/48 | €100,000 | €300,000 | +€200,000 | +200% |
| Accrued charges and deferred income | 492/3 | €1,640 | €9,332 | +€7,692 | +469% |
| Remuneration, social security and pensions | 62 | €695,170 | €624,849 | -€70,321 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,550 | €190,905 | -€3,645 | -1.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€120,116 | - | +€120,116 | |
| Other operating charges | 640/8 | €208,721 | €154,232 | -€54,489 | -26.1% |
| Gross operating margin | 9900 | €1,102,795 | €1,019,615 | -€83,179 | -7.5% |
| Operating profit (loss) | 9901 | €124,470 | €49,629 | -€74,841 | -60.1% |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Non-recurring financial income | 76B | €5 | - | -€5 | |
| Financial charges | 65/66B | €124,515 | €49,629 | -€74,886 | -60.1% |
| Recurring financial charges | 65 | €65,435 | €49,629 | -€15,806 | -24.2% |
| Non-recurring financial charges | 66B | €59,081 | - | -€59,081 |
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 17 October 2026 via checked.be.