Securitel: 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.
Securitel
Largest movements
- Receivables within one year -€60,527
down €60,527 (-17.7%), from €341,846 to €281,319
of which Trade receivables: -€81,872
- Tangible fixed assets -€5,433
down €5,433 (-8.0%), from €68,305 to €62,871
of which Furniture and vehicles: -€5,263
- Accrued charges and deferred income -€37,599
down €37,599 (-35.8%), from €105,000 to €67,401
- Provisions -€17,256
down €17,256 (-43.6%), from €39,563 to €22,306
of which Provisions for liabilities and charges: -€16,235
- Short-term financial debts -€12,200
down €12,200 (-16.3%), from €75,000 to €62,800
- Reserves +€7,669
up €7,669 (+7.6%), from €101,172 to €108,840
of which Distributable reserves: +€10,732
- Tax, wage and social debts +€7,041
up €7,041 (+29.4%), from €23,986 to €31,027
- Gross operating margin -€28,573
down €28,573 (-47.5%), from €60,167 to €31,594
- Provisions -€25,735
down €25,735, from €9,500 to -€16,235
- Write-downs +€2,604
up €2,604 (+17.2%), from €15,115 to €17,718
- Financial charges +€2,322
up €2,322 (+81.4%), from €2,854 to €5,176
- Staff costs -€1,835
down €1,835 (-23.5%), from €7,806 to €5,971
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,432 | €351,060 | -€68,372 | -16.3% |
| Fixed assets | 21/28 | €71,805 | €66,371 | -€5,433 | -7.6% |
| Tangible fixed assets | 22/27 | €68,305 | €62,871 | -€5,433 | -8.0% |
| Land and buildings | 22 | €49,522 | €49,352 | -€170 | -0.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €18,783 | €13,520 | -€5,263 | -28.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €347,627 | €284,688 | -€62,939 | -18.1% |
| Stocks and contracts in progress | 3 | €3,390 | €2,030 | -€1,360 | -40.1% |
| Stocks | 30/36 | €3,390 | €2,030 | -€1,360 | -40.1% |
| Amounts receivable within one year | 40/41 | €341,846 | €281,319 | -€60,527 | -17.7% |
| Trade receivables | 40 | €269,181 | €187,309 | -€81,872 | -30.4% |
| Other amounts receivable | 41 | €72,664 | €94,010 | +€21,345 | +29.4% |
| Cash at bank and in hand | 54/58 | €1,125 | €34 | -€1,090 | -96.9% |
| Deferred charges and accrued income | 490/1 | €1,267 | €1,305 | +€38 | +3.0% |
| Total equity and liabilities | 10/49 | €419,432 | €351,060 | -€68,372 | -16.3% |
| Equity | 10/15 | €132,158 | €139,827 | +€7,669 | +5.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €101,172 | €108,840 | +€7,669 | +7.6% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,128 | €3,064 | -€3,064 | -50.0% |
| Distributable reserves | 133 | €91,945 | €102,677 | +€10,732 | +11.7% |
| Provisions and deferred taxes | 16 | €39,563 | €22,306 | -€17,256 | -43.6% |
| Provisions for liabilities and charges | 160/5 | €37,520 | €21,285 | -€16,235 | -43.3% |
| Other liabilities and charges | 164/5 | €37,520 | €21,285 | -€16,235 | -43.3% |
| Deferred taxes | 168 | €2,043 | €1,021 | -€1,021 | -50.0% |
| Amounts payable | 17/49 | €247,711 | €188,927 | -€58,785 | -23.7% |
| Amounts payable after more than one year | 17 | €3,673 | €0 | -€3,673 | -100% |
| Financial debts | 170/4 | €3,673 | €0 | -€3,673 | -100% |
| Amounts payable within one year | 42/48 | €139,038 | €121,526 | -€17,512 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €3,591 | -€2,409 | -40.2% |
| Financial debts | 43 | €75,000 | €62,800 | -€12,200 | -16.3% |
| Credit institutions | 430/8 | €75,000 | €62,800 | -€12,200 | -16.3% |
| Trade debts | 44 | €12,403 | €7,498 | -€4,905 | -39.5% |
| Suppliers | 440/4 | €12,403 | €7,498 | -€4,905 | -39.5% |
| Taxes, remuneration and social security | 45 | €23,986 | €31,027 | +€7,041 | +29.4% |
| Taxes | 450/3 | €23,986 | €31,027 | +€7,041 | +29.4% |
| Other amounts payable | 47/48 | €21,650 | €16,610 | -€5,040 | -23.3% |
| Accrued charges and deferred income | 492/3 | €105,000 | €67,401 | -€37,599 | -35.8% |
| Remuneration, social security and pensions | 62 | €7,806 | €5,971 | -€1,835 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,444 | €5,433 | -€11 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,115 | €17,718 | +€2,604 | +17.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,500 | -€16,235 | -€25,735 | |
| Other operating charges | 640/8 | €2,734 | €4,080 | +€1,346 | +49.2% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €60,167 | €31,594 | -€28,573 | -47.5% |
| Operating profit (loss) | 9901 | €19,569 | €14,627 | -€4,942 | -25.3% |
| Financial income | 75/76B | €1,833 | €3,202 | +€1,369 | +74.7% |
| Recurring financial income | 75 | €1,833 | €3,202 | +€1,369 | +74.7% |
| Financial charges | 65/66B | €2,854 | €5,176 | +€2,322 | +81.4% |
| Recurring financial charges | 65 | €2,854 | €5,176 | +€2,322 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | €18,548 | €12,653 | -€5,895 | -31.8% |
| Transfer from deferred taxes | 780 | €1,021 | €1,021 | = | 0.0% |
| Income taxes | 67/77 | €7,801 | €6,006 | -€1,795 | -23.0% |
| Profit (loss) for the period | 9904 | €11,768 | €7,669 | -€4,100 | -34.8% |
| Transfer from tax-exempt reserves | 789 | €3,064 | €3,064 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,832 | €10,732 | -€4,100 | -27.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.