SECUREX INVEST: 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.
What changed
SECUREX INVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€718,896
2024 · €13.2m-€12.5m
Equity
€16.4m
2024 · €15.7m+€718,896
Cash
€8,107
2024 · €121,490-€113,383
Balance sheet total
€28.6m
2024 · €22.6m+€6.0m
Largest movements
Assets
- Financial fixed assets +€25.2m
new in 2025: €25.2m
- Receivables within one year -€22.4m
down €22.4m (-100.0%), from €22.4m to €10,444
of which Other amounts receivable: -€22.4m
- Current investments +€2.9m
new in 2025: €2.9m
- Deferred charges and accrued income +€471,729
up €471,729 (+1,723%), from €27,383 to €499,112
Equity and liabilities
- Debts after one year +€8.3m
up €8.3m (+490%), from €1.7m to €10.0m
- Short-term financial debts -€3.0m
down €3.0m (-58.7%), from €5.1m to €2.1m
- Profit (loss) carried forward +€718,896
up €718,896 (+6.9%), from €10.5m to €11.2m
Income statement
- Financial income -€12.4m
down €12.4m (-92.5%), from €13.4m to €1.0m
of which Non-recurring financial income: -€12.8m
- Turnover -€525,562
no longer reported in 2025 (was €525,562)
- Services and other goods -€317,855
down €317,855 (-88.0%), from €361,255 to €43,400
- Staff costs -€93,518
down €93,518 (-99.9%), from €93,609 to €91
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.
Result 2024
€13.2m
Turnover
-€525,562
Other operating income
-€3
Services and other goods
+€317,855
Staff costs
+€93,518
Other operating charges
-€54
Financial income
-€12.4m
Financial charges
-€4,200
Taxes
+€196
Result 2025
€718,896
raises the resultlowers the result
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.
From operations
+€22.6m
Investment
-€28.1m
Financing
+€5.4m
Cash 2024
€121,490
From operations (derived)
+€22.6m
Net result for the year
+€718,896
Receivables within one year
+€22.4m
Deferred charges and accrued income
-€471,729
Smaller working-capital items
-€64,828
Investment (derived)
-€28.1m
Investment in fixed assets (net)
-€25.2m
Current investments
-€2.9m
Financing
+€5.4m
Debts after one year
+€8.3m
Short-term financial debts
-€3.0m
Cash 2025
€8,107
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,593,595 | €28,597,663 | +€6.0m | +26.6% |
| Fixed assets | 21/28 | - | €25,150,000 | +€25.2m | |
| Financial fixed assets | 28 | - | €25,150,000 | +€25.2m | |
| Affiliated companies | 280/1 | - | €25,150,000 | +€25.2m | |
| Amounts receivable | 281 | - | €25,150,000 | +€25.2m | |
| Current assets | 29/58 | €22,593,595 | €3,447,663 | -€19.1m | -84.7% |
| Amounts receivable within one year | 40/41 | €22,444,723 | €10,444 | -€22.4m | -100.0% |
| Trade receivables | 40 | €6,432 | - | -€6,432 | |
| Other amounts receivable | 41 | €22,438,291 | €10,444 | -€22.4m | -100.0% |
| Current investments | 50/53 | - | €2,930,000 | +€2.9m | |
| Other investments | 51/53 | - | €2,930,000 | +€2.9m | |
| Cash at bank and in hand | 54/58 | €121,490 | €8,107 | -€113,383 | -93.3% |
| Deferred charges and accrued income | 490/1 | €27,383 | €499,112 | +€471,729 | +1,723% |
| Total equity and liabilities | 10/49 | €22,593,595 | €28,597,663 | +€6.0m | +26.6% |
| Equity | 10/15 | €15,704,446 | €16,423,342 | +€718,896 | +4.6% |
| Contributions | 10/11 | €3,813,117 | €3,813,117 | = | 0.0% |
| Capital | 10 | €1,978,300 | €1,978,300 | = | 0.0% |
| Issued capital | 100 | €1,978,300 | €1,978,300 | = | 0.0% |
| Contributions outside capital | 11 | €1,834,817 | €1,834,817 | = | 0.0% |
| Share premium | 1100/10 | €1,834,817 | €1,834,817 | = | 0.0% |
| Reserves | 13 | €1,440,944 | €1,440,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €402,718 | €402,718 | = | 0.0% |
| Legal reserve | 130 | €402,718 | €402,718 | = | 0.0% |
| Distributable reserves | 133 | €1,038,226 | €1,038,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,450,385 | €11,169,281 | +€718,896 | +6.9% |
| Amounts payable | 17/49 | €6,889,149 | €12,174,321 | +€5.3m | +76.7% |
| Amounts payable after more than one year | 17 | €1,700,000 | €10,030,000 | +€8.3m | +490% |
| Financial debts | 170/4 | €1,700,000 | €10,030,000 | +€8.3m | +490% |
| Other loans | 174 | €1,700,000 | €10,030,000 | +€8.3m | +490% |
| Amounts payable within one year | 42/48 | €5,101,838 | €2,109,618 | -€3.0m | -58.6% |
| Financial debts | 43 | €5,080,000 | €2,100,000 | -€3.0m | -58.7% |
| Other loans | 439 | €5,080,000 | €2,100,000 | -€3.0m | -58.7% |
| Trade debts | 44 | €4,638 | €9,421 | +€4,783 | +103% |
| Suppliers | 440/4 | €4,638 | €9,421 | +€4,783 | +103% |
| Taxes, remuneration and social security | 45 | €408 | €196 | -€212 | -51.9% |
| Taxes | 450/3 | €408 | €196 | -€212 | -51.9% |
| Other amounts payable | 47/48 | €16,791 | - | -€16,791 | |
| Accrued charges and deferred income | 492/3 | €87,312 | €34,704 | -€52,608 | -60.3% |
| Operating income | 70/76A | €525,564 | - | -€525,564 | |
| Turnover | 70 | €525,562 | - | -€525,562 | |
| Other operating income | 74 | €3 | - | -€3 | |
| Operating charges | 60/66A | €456,131 | €44,812 | -€411,319 | -90.2% |
| Services and other goods | 61 | €361,255 | €43,400 | -€317,855 | -88.0% |
| Remuneration, social security and pensions | 62 | €93,609 | €91 | -€93,518 | -99.9% |
| Other operating charges | 640/8 | €1,268 | €1,321 | +€54 | +4.2% |
| Operating profit (loss) | 9901 | €69,433 | -€44,812 | -€114,245 | |
| Financial income | 75/76B | €13,366,051 | €1,000,868 | -€12.4m | -92.5% |
| Recurring financial income | 75 | €523,763 | €1,000,868 | +€477,105 | +91.1% |
| Income from financial fixed assets | 750 | €496,843 | €520,875 | +€24,032 | +4.8% |
| Income from current assets | 751 | €26,918 | €479,993 | +€453,075 | +1,683% |
| Other financial income | 752/9 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €12,842,288 | - | -€12.8m | |
| Financial charges | 65/66B | €232,960 | €237,160 | +€4,200 | +1.8% |
| Recurring financial charges | 65 | €232,960 | €237,160 | +€4,200 | +1.8% |
| Debt charges | 650 | €228,291 | €232,622 | +€4,332 | +1.9% |
| Other financial charges | 652/9 | €4,669 | €4,538 | -€131 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €13,202,524 | €718,896 | -€12.5m | -94.6% |
| Income taxes | 67/77 | €196 | - | -€196 | |
| Taxes | 670/3 | €196 | - | -€196 | |
| Profit (loss) for the period | 9904 | €13,202,328 | €718,896 | -€12.5m | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,202,328 | €718,896 | -€12.5m | -94.6% |
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 30 October 2026 via checked.be.