SECURIGUARD: 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.
SECURIGUARD
Largest movements
- Receivables within one year -€83,351
down €83,351 (-15.4%), from €542,514 to €459,163
- Cash +€11,780
up €11,780 (+209%), from €5,638 to €17,419
mainly Receivables within one year (+€83,351) and Net result for the year (+€12,568)
- Debts within one year -€80,706
down €80,706 (-22.5%), from €358,346 to €277,640
- Profit (loss) carried forward +€12,568
up €12,568 (+7.1%), from €176,679 to €189,247
- Gross operating margin +€27,101
up €27,101 (+35.7%), from €75,823 to €102,924
- Taxes +€3,634
up €3,634 (+45.1%), from €8,051 to €11,686
- Depreciation +€1,063
up €1,063 (+22.5%), from €4,728 to €5,791
From the 2016 result to the 2017 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.
Derived cash bridge
Derived from the 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €555,609 | €487,347 | -€68,262 | -12.3% |
| Fixed assets | 21/28 | €7,080 | €10,765 | +€3,685 | +52.0% |
| Tangible fixed assets | 22/27 | €6,342 | €9,833 | +€3,491 | +55.0% |
| Financial fixed assets | 28 | €738 | €932 | +€194 | +26.3% |
| Current assets | 29/58 | €548,529 | €476,582 | -€71,947 | -13.1% |
| Amounts receivable within one year | 40/41 | €542,514 | €459,163 | -€83,351 | -15.4% |
| Cash at bank and in hand | 54/58 | €5,638 | €17,419 | +€11,780 | +209% |
| Total equity and liabilities | 10/49 | €555,609 | €487,347 | -€68,262 | -12.3% |
| Equity | 10/15 | €197,139 | €209,707 | +€12,568 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,679 | €189,247 | +€12,568 | +7.1% |
| Amounts payable | 17/49 | €358,470 | €277,640 | -€80,830 | -22.5% |
| Amounts payable within one year | 42/48 | €358,346 | €277,640 | -€80,706 | -22.5% |
| Trade debts | 44 | €97,380 | €93,901 | -€3,479 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €5,791 | +€1,063 | +22.5% |
| Gross operating margin | 9900 | €75,823 | €102,924 | +€27,101 | +35.7% |
| Operating profit (loss) | 9901 | €22,504 | €26,185 | +€3,681 | +16.4% |
| Recurring financial income | 75 | €6,379 | €12,394 | +€6,015 | +94.3% |
| Recurring financial charges | 65 | €14,908 | €14,325 | -€583 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €13,974 | €24,254 | +€10,280 | +73.6% |
| Income taxes | 67/77 | €8,051 | €11,686 | +€3,634 | +45.1% |
| Profit (loss) for the period | 9904 | €5,922 | €12,568 | +€6,646 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €5,922 | €12,568 | +€6,646 | +112% |
Source: filed annual accounts (NBB), financial years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.