Security and Defence Consultancy: 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.
Security and Defence Consultancy
Largest movements
- Tangible fixed assets +€18,041
new in 2025: €18,041
- Cash +€11,194
up €11,194 (+115%), from €9,760 to €20,954
mainly Other debts (+€21,408) and Receivables within one year (+€4,237)
- Receivables within one year -€4,237
down €4,237 (-52.4%), from €8,091 to €3,854
of which Other amounts receivable: -€7,474
- Other debts +€21,408
new in 2025: €21,408
- Trade debts +€2,549
new in 2025: €2,549
- Tax, wage and social debts +€685
up €685 (+14.8%), from €4,628 to €5,313
- Gross operating margin -€13,190
down €13,190 (-79.0%), from €16,701 to €3,511
- Taxes -€2,423
down €2,423 (-66.8%), from €3,628 to €1,205
- Depreciation +€950
new in 2025: €950
- Other operating charges +€853
new in 2025: €853
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 | €17,851 | €42,848 | +€24,997 | +140% |
| Fixed assets | 21/28 | - | €18,041 | +€18,041 | |
| Tangible fixed assets | 22/27 | - | €18,041 | +€18,041 | |
| Furniture and vehicles | 24 | - | €18,041 | +€18,041 | |
| Current assets | 29/58 | €17,851 | €24,808 | +€6,957 | +39.0% |
| Amounts receivable within one year | 40/41 | €8,091 | €3,854 | -€4,237 | -52.4% |
| Trade receivables | 40 | - | €3,236 | +€3,236 | |
| Other amounts receivable | 41 | €8,091 | €617 | -€7,474 | -92.4% |
| Cash at bank and in hand | 54/58 | €9,760 | €20,954 | +€11,194 | +115% |
| Total equity and liabilities | 10/49 | €17,851 | €42,848 | +€24,997 | +140% |
| Equity | 10/15 | €13,223 | €13,578 | +€355 | +2.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,123 | €13,478 | +€355 | +2.7% |
| Amounts payable | 17/49 | €4,628 | €29,270 | +€24,642 | +532% |
| Amounts payable within one year | 42/48 | €4,628 | €29,270 | +€24,642 | +532% |
| Trade debts | 44 | - | €2,549 | +€2,549 | |
| Suppliers | 440/4 | - | €2,549 | +€2,549 | |
| Taxes, remuneration and social security | 45 | €4,628 | €5,313 | +€685 | +14.8% |
| Taxes | 450/3 | €4,628 | €5,313 | +€685 | +14.8% |
| Other amounts payable | 47/48 | - | €21,408 | +€21,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €950 | +€950 | |
| Other operating charges | 640/8 | - | €853 | +€853 | |
| Gross operating margin | 9900 | €16,701 | €3,511 | -€13,190 | -79.0% |
| Operating profit (loss) | 9901 | €16,701 | €1,708 | -€14,993 | -89.8% |
| Financial income | 75/76B | €143 | - | -€143 | |
| Recurring financial income | 75 | €143 | - | -€143 | |
| Financial charges | 65/66B | €93 | €149 | +€56 | +59.8% |
| Recurring financial charges | 65 | €93 | €149 | +€56 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €16,751 | €1,560 | -€15,191 | -90.7% |
| Income taxes | 67/77 | €3,628 | €1,205 | -€2,423 | -66.8% |
| Profit (loss) for the period | 9904 | €13,123 | €355 | -€12,768 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,123 | €355 | -€12,768 | -97.3% |
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 28 October 2026 via checked.be.