SECURITE 1902: 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.
SECURITE 1902
Largest movements
- Receivables after one year +€80,000
new in 2025: €80,000
- Cash -€79,009
down €79,009 (-22.5%), from €351,500 to €272,491
mainly Contributions, distributions and other (-€113,203) and Receivables after one year (-€80,000)
- Tangible fixed assets -€54,179
down €54,179 (-93.5%), from €57,935 to €3,757
of which Land and buildings: -€50,640
- Profit (loss) carried forward -€79,894
no longer reported in 2025 (was €79,894)
- Other debts +€32,992
up €32,992 (+388135.3%), from €9 to €33,000
- Reserves +€10,256
up €10,256 (+4.3%), from €239,355 to €249,611
of which Distributable reserves: +€10,256
- Trade debts -€9,318
down €9,318 (-95.0%), from €9,811 to €493
- Tax, wage and social debts -€8,868
down €8,868 (-26.9%), from €33,013 to €24,145
- Taxes -€5,472
down €5,472 (-28.4%), from €19,251 to €13,779
- Depreciation -€2,205
down €2,205 (-81.1%), from €2,718 to €513
- Financial income +€1,851
up €1,851 (+20.1%), from €9,221 to €11,072
- Other operating charges -€590
down €590 (-41.9%), from €1,408 to €818
- Gross operating margin -€575
down €575 (-1.2%), from €48,359 to €47,784
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.
Cash bridge derived
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 | €424,059 | €369,226 | -€54,833 | -12.9% |
| Fixed assets | 21/28 | €57,935 | €3,757 | -€54,179 | -93.5% |
| Tangible fixed assets | 22/27 | €57,935 | €3,757 | -€54,179 | -93.5% |
| Land and buildings | 22 | €50,640 | - | -€50,640 | |
| Plant, machinery and equipment | 23 | €4,270 | €3,757 | -€513 | -12.0% |
| Furniture and vehicles | 24 | €3,026 | - | -€3,026 | |
| Current assets | 29/58 | €366,124 | €365,469 | -€655 | -0.2% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €9,694 | €10,876 | +€1,182 | +12.2% |
| Trade receivables | 40 | €8,841 | €8,649 | -€191 | -2.2% |
| Other amounts receivable | 41 | €854 | €2,227 | +€1,374 | +160.9% |
| Cash at bank and in hand | 54/58 | €351,500 | €272,491 | -€79,009 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,930 | €2,101 | -€2,828 | -57.4% |
| Total equity and liabilities | 10/49 | €424,059 | €369,226 | -€54,833 | -12.9% |
| Equity | 10/15 | €381,226 | €311,587 | -€69,639 | -18.3% |
| Contributions | 10/11 | €61,976 | €61,976 | = | 0.0% |
| Capital | 10 | €61,976 | €61,976 | = | 0.0% |
| Issued capital | 100 | €61,976 | €61,976 | = | 0.0% |
| Reserves | 13 | €239,355 | €249,611 | +€10,256 | +4.3% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,301 | €6,301 | = | 0.0% |
| Distributable reserves | 133 | €226,857 | €237,113 | +€10,256 | +4.5% |
| Profit (loss) carried forward | 14 | €79,894 | - | -€79,894 | |
| Amounts payable | 17/49 | €42,833 | €57,638 | +€14,805 | +34.6% |
| Amounts payable within one year | 42/48 | €42,833 | €57,638 | +€14,805 | +34.6% |
| Trade debts | 44 | €9,811 | €493 | -€9,318 | -95.0% |
| Suppliers | 440/4 | €9,811 | €493 | -€9,318 | -95.0% |
| Taxes, remuneration and social security | 45 | €33,013 | €24,145 | -€8,868 | -26.9% |
| Taxes | 450/3 | €33,013 | €24,145 | -€8,868 | -26.9% |
| Other amounts payable | 47/48 | €9 | €33,000 | +€32,992 | +388135.3% |
| Remuneration, social security and pensions | 62 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,718 | €513 | -€2,205 | -81.1% |
| Other operating charges | 640/8 | €1,408 | €818 | -€590 | -41.9% |
| Gross operating margin | 9900 | €48,359 | €47,784 | -€575 | -1.2% |
| Operating profit (loss) | 9901 | €44,230 | €46,453 | +€2,223 | +5.0% |
| Financial income | 75/76B | €9,221 | €11,072 | +€1,851 | +20.1% |
| Recurring financial income | 75 | €9,221 | €11,072 | +€1,851 | +20.1% |
| Financial charges | 65/66B | €147 | €182 | +€35 | +24.2% |
| Recurring financial charges | 65 | €147 | €182 | +€35 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €53,305 | €57,343 | +€4,039 | +7.6% |
| Income taxes | 67/77 | €19,251 | €13,779 | -€5,472 | -28.4% |
| Profit (loss) for the period | 9904 | €34,053 | €43,564 | +€9,510 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,053 | €43,564 | +€9,510 | +27.9% |
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 10 October 2026 via checked.be.