SECUREX WATERSPORTBAAN: 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 WATERSPORTBAAN
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€327,985
2024 · -€111,326+€439,311
Equity
€6.6m
2024 · €6.3m+€327,985
Cash
€6,423
2024 · €252,843-€246,420
Balance sheet total
€30.2m
2024 · €30.1m+€101,231
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€1.9m
up €1.9m (+105%), from €1.8m to €3.8m
- Trade debts -€1.1m
down €1.1m (-87.3%), from €1.3m to €162,955
- Debts after one year -€679,032
down €679,032 (-3.6%), from €19.1m to €18.4m
- Profit (loss) carried forward +€311,585
up €311,585 (+7.1%), from -€4.4m to -€4.1m
Income statement
- Depreciation -€265,122
down €265,122 (-28.6%), from €926,708 to €661,586
- Gross operating margin +€183,058
up €183,058 (+12.2%), from €1.5m to €1.7m
- Financial charges +€74,629
up €74,629 (+14.8%), from €504,772 to €579,401
of which Financial charges: +€64,890
- Other operating charges -€68,382
down €68,382 (-35.9%), from €190,565 to €122,183
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
-€111,326
Gross operating margin
+€183,058
Depreciation
+€265,122
Other operating charges
+€68,382
Financial income
-€2,622
Financial charges
-€74,629
Result 2025
€327,985
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
+€1.4m
Investment
-€949,044
Financing
-€716,281
Cash 2024
€252,843
From operations (derived)
+€1.4m
Net result for the year
+€327,985
Depreciation
+€661,586
Receivables within one year
-€183,210
Deferred charges and accrued income
+€123,017
Provisions
-€280,000
Trade debts
-€1.1m
Tax, wage and social debts
-€69,550
Other debts
+€1.9m
Accrued charges and deferred income
+€39,807
Investment (derived)
-€949,044
Investment in fixed assets (net)
-€949,044
Financing
-€716,281
Debts after one year
-€679,032
Current portion of long-term debt
-€37,249
Cash 2025
€6,423
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,099,108 | €30,200,339 | +€101,231 | +0.3% |
| Fixed assets | 21/28 | €29,017,790 | €29,305,248 | +€287,458 | +1.0% |
| Tangible fixed assets | 22/27 | €29,017,790 | €29,305,248 | +€287,458 | +1.0% |
| Land and buildings | 22 | €28,487,063 | €28,843,326 | +€356,263 | +1.3% |
| Plant, machinery and equipment | 23 | €14,019 | €5,603 | -€8,416 | -60.0% |
| Furniture and vehicles | 24 | €516,708 | €434,801 | -€81,907 | -15.9% |
| Other tangible fixed assets | 26 | - | €21,518 | +€21,518 | |
| Current assets | 29/58 | €1,081,318 | €895,091 | -€186,227 | -17.2% |
| Amounts receivable within one year | 40/41 | €588,823 | €772,033 | +€183,210 | +31.1% |
| Trade receivables | 40 | €587,589 | €692,864 | +€105,275 | +17.9% |
| Other amounts receivable | 41 | €1,234 | €79,169 | +€77,935 | +6,316% |
| Cash at bank and in hand | 54/58 | €252,843 | €6,423 | -€246,420 | -97.5% |
| Deferred charges and accrued income | 490/1 | €239,652 | €116,635 | -€123,017 | -51.3% |
| Total equity and liabilities | 10/49 | €30,099,108 | €30,200,339 | +€101,231 | +0.3% |
| Equity | 10/15 | €6,321,277 | €6,649,262 | +€327,985 | +5.2% |
| Contributions | 10/11 | €10,123,022 | €10,123,022 | = | 0.0% |
| Capital | 10 | €9,924,000 | €9,924,000 | = | 0.0% |
| Issued capital | 100 | €9,924,000 | €9,924,000 | = | 0.0% |
| Contributions outside capital | 11 | €199,022 | €199,022 | = | 0.0% |
| Share premium | 1100/10 | €199,022 | €199,022 | = | 0.0% |
| Reserves | 13 | €588,914 | €605,314 | +€16,400 | +2.8% |
| Non-distributable reserves | 130/1 | €588,914 | €605,314 | +€16,400 | +2.8% |
| Legal reserve | 130 | €588,914 | €605,314 | +€16,400 | +2.8% |
| Profit (loss) carried forward | 14 | -€4,390,659 | -€4,079,074 | +€311,585 | +7.1% |
| Provisions and deferred taxes | 16 | €363,995 | €83,995 | -€280,000 | -76.9% |
| Provisions for liabilities and charges | 160/5 | €363,995 | €83,995 | -€280,000 | -76.9% |
| Other liabilities and charges | 164/5 | €363,995 | €83,995 | -€280,000 | -76.9% |
| Amounts payable | 17/49 | €23,413,836 | €23,467,082 | +€53,246 | +0.2% |
| Amounts payable after more than one year | 17 | €19,072,879 | €18,393,847 | -€679,032 | -3.6% |
| Financial debts | 170/4 | €19,072,879 | €18,393,847 | -€679,032 | -3.6% |
| Amounts payable within one year | 42/48 | €3,994,666 | €4,687,137 | +€692,471 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €811,431 | €774,182 | -€37,249 | -4.6% |
| Trade debts | 44 | €1,281,631 | €162,955 | -€1.1m | -87.3% |
| Suppliers | 440/4 | €1,281,631 | €162,955 | -€1.1m | -87.3% |
| Taxes, remuneration and social security | 45 | €69,550 | - | -€69,550 | |
| Taxes | 450/3 | €69,550 | - | -€69,550 | |
| Other amounts payable | 47/48 | €1,832,054 | €3,750,000 | +€1.9m | +105% |
| Accrued charges and deferred income | 492/3 | €346,291 | €386,098 | +€39,807 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926,708 | €661,586 | -€265,122 | -28.6% |
| Other operating charges | 640/8 | €190,565 | €122,183 | -€68,382 | -35.9% |
| Gross operating margin | 9900 | €1,503,565 | €1,686,623 | +€183,058 | +12.2% |
| Operating profit (loss) | 9901 | €386,292 | €902,854 | +€516,562 | +134% |
| Financial income | 75/76B | €7,154 | €4,532 | -€2,622 | -36.7% |
| Recurring financial income | 75 | €7,154 | €4,532 | -€2,622 | -36.7% |
| Financial charges | 65/66B | €504,772 | €579,401 | +€74,629 | +14.8% |
| Recurring financial charges | 65 | €504,772 | €569,662 | +€64,890 | +12.9% |
| Non-recurring financial charges | 66B | - | €9,739 | +€9,739 | |
| Profit (loss) for the period before taxes | 9903 | -€111,326 | €327,985 | +€439,311 | |
| Profit (loss) for the period | 9904 | -€111,326 | €327,985 | +€439,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,326 | €327,985 | +€439,311 |
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.