SECURISAN: 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.
SECURISAN
Largest movements
- Receivables within one year +€58,491
up €58,491 (+48.7%), from €120,094 to €178,585
of which Trade receivables: +€56,231
- Tangible fixed assets -€15,630
down €15,630 (-14.6%), from €107,294 to €91,664
of which Furniture and vehicles: -€14,281
- Cash +€14,739
up €14,739 (+19.5%), from €75,635 to €90,374
mainly Net result for the year (+€104,616) and Depreciation (+€32,748)
- Reserves +€76,000
up €76,000 (+125%), from €60,860 to €136,860
- Profit (loss) carried forward -€43,384
down €43,384 (-95.8%), from €45,265 to €1,881
- Tax, wage and social debts +€16,515
up €16,515 (+29.7%), from €55,688 to €72,204
of which Remuneration and social security: +€8,316
- Debts after one year -€15,082
down €15,082 (-33.9%), from €44,533 to €29,452
- Trade debts +€12,865
up €12,865 (+98.5%), from €13,054 to €25,919
- Gross operating margin +€59,455
up €59,455 (+18.1%), from €328,355 to €387,810
- Taxes +€15,285
up €15,285 (+59.2%), from €25,815 to €41,100
- Financial income +€13,398
up €13,398 (+7,317%), from €183 to €13,582
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,917 | €372,487 | +€59,570 | +19.0% |
| Fixed assets | 21/28 | €111,644 | €96,014 | -€15,630 | -14.0% |
| Tangible fixed assets | 22/27 | €107,294 | €91,664 | -€15,630 | -14.6% |
| Furniture and vehicles | 24 | €98,334 | €84,053 | -€14,281 | -14.5% |
| Other tangible fixed assets | 26 | €8,960 | €7,610 | -€1,350 | -15.1% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €201,273 | €276,473 | +€75,200 | +37.4% |
| Amounts receivable within one year | 40/41 | €120,094 | €178,585 | +€58,491 | +48.7% |
| Trade receivables | 40 | €111,409 | €167,639 | +€56,231 | +50.5% |
| Other amounts receivable | 41 | €8,685 | €10,945 | +€2,260 | +26.0% |
| Cash at bank and in hand | 54/58 | €75,635 | €90,374 | +€14,739 | +19.5% |
| Deferred charges and accrued income | 490/1 | €5,544 | €7,514 | +€1,970 | +35.5% |
| Total equity and liabilities | 10/49 | €312,917 | €372,487 | +€59,570 | +19.0% |
| Equity | 10/15 | €124,725 | €157,341 | +€32,616 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,860 | €136,860 | +€76,000 | +125% |
| Distributable reserves | 133 | €60,860 | €136,860 | +€76,000 | +125% |
| Profit (loss) carried forward | 14 | €45,265 | €1,881 | -€43,384 | -95.8% |
| Amounts payable | 17/49 | €188,192 | €215,146 | +€26,954 | +14.3% |
| Amounts payable after more than one year | 17 | €44,533 | €29,452 | -€15,082 | -33.9% |
| Financial debts | 170/4 | €44,533 | €29,452 | -€15,082 | -33.9% |
| Amounts payable within one year | 42/48 | €143,659 | €185,694 | +€42,035 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €14,426 | €15,082 | +€655 | +4.5% |
| Trade debts | 44 | €13,054 | €25,919 | +€12,865 | +98.5% |
| Suppliers | 440/4 | €13,054 | €25,919 | +€12,865 | +98.5% |
| Advances received on contracts in progress | 46 | €490 | €490 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €55,688 | €72,204 | +€16,515 | +29.7% |
| Taxes | 450/3 | €19,535 | €27,734 | +€8,199 | +42.0% |
| Remuneration and social security | 454/9 | €36,154 | €44,470 | +€8,316 | +23.0% |
| Other amounts payable | 47/48 | €60,000 | €72,000 | +€12,000 | +20.0% |
| Remuneration, social security and pensions | 62 | €216,123 | €217,683 | +€1,560 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,019 | €32,748 | +€729 | +2.3% |
| Other operating charges | 640/8 | €1,021 | €1,684 | +€663 | +64.9% |
| Gross operating margin | 9900 | €328,355 | €387,810 | +€59,455 | +18.1% |
| Operating profit (loss) | 9901 | €79,192 | €135,695 | +€56,503 | +71.3% |
| Financial income | 75/76B | €183 | €13,582 | +€13,398 | +7,317% |
| Recurring financial income | 75 | €183 | €13,582 | +€13,398 | +7,317% |
| Financial charges | 65/66B | €4,057 | €3,560 | -€497 | -12.2% |
| Recurring financial charges | 65 | €4,057 | €3,560 | -€497 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €75,318 | €145,716 | +€70,399 | +93.5% |
| Income taxes | 67/77 | €25,815 | €41,100 | +€15,285 | +59.2% |
| Profit (loss) for the period | 9904 | €49,503 | €104,616 | +€55,114 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €49,503 | €104,616 | +€55,114 | +111% |
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 25 October 2026 via checked.be.