SECURITY AND SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash +€111,689
up €111,689 (+44.6%), from €250,617 to €362,306
mainly Net result for the year (+€103,561) and Other debts (+€73,618)
- Receivables within one year -€55,863
down €55,863 (-21.8%), from €256,129 to €200,266
of which Trade receivables: -€66,714
- Tangible fixed assets +€19,017
up €19,017 (+77.3%), from €24,589 to €43,606
of which Furniture and vehicles: +€18,986
- Other debts +€73,618
up €73,618 (+4605.1%), from €1,599 to €75,216
- Reserves +€43,932
up €43,932 (+14.6%), from €301,706 to €345,638
of which Distributable reserves: +€43,932
- Tax, wage and social debts -€34,594
down €34,594 (-48.6%), from €71,177 to €36,583
of which Taxes: -€40,637
- Trade debts +€18,051
up €18,051 (+16.2%), from €111,103 to €129,153
- Advances received -€14,498
down €14,498 (-62.8%), from €23,091 to €8,594
- Gross operating margin +€71,252
up €71,252 (+14.6%), from €486,652 to €557,904
- Staff costs +€68,177
up €68,177 (+28.0%), from €243,296 to €311,473
- Depreciation +€6,759
up €6,759 (+43.4%), from €15,558 to €22,317
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 | €540,204 | €613,983 | +€73,779 | +13.7% |
| Fixed assets | 21/28 | €24,639 | €43,606 | +€18,967 | +77.0% |
| Tangible fixed assets | 22/27 | €24,589 | €43,606 | +€19,017 | +77.3% |
| Plant, machinery and equipment | 23 | €1,875 | €1,906 | +€31 | +1.6% |
| Furniture and vehicles | 24 | €22,714 | €41,700 | +€18,986 | +83.6% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €515,565 | €570,377 | +€54,812 | +10.6% |
| Amounts receivable within one year | 40/41 | €256,129 | €200,266 | -€55,863 | -21.8% |
| Trade receivables | 40 | €248,105 | €181,391 | -€66,714 | -26.9% |
| Other amounts receivable | 41 | €8,024 | €18,875 | +€10,851 | +135.2% |
| Cash at bank and in hand | 54/58 | €250,617 | €362,306 | +€111,689 | +44.6% |
| Deferred charges and accrued income | 490/1 | €8,819 | €7,805 | -€1,015 | -11.5% |
| Total equity and liabilities | 10/49 | €540,204 | €613,983 | +€73,779 | +13.7% |
| Equity | 10/15 | €320,306 | €364,238 | +€43,932 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,706 | €345,638 | +€43,932 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €299,846 | €343,778 | +€43,932 | +14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100.0% |
| Amounts payable | 17/49 | €219,898 | €249,744 | +€29,847 | +13.6% |
| Amounts payable within one year | 42/48 | €206,969 | €249,546 | +€42,577 | +20.6% |
| Trade debts | 44 | €111,103 | €129,153 | +€18,051 | +16.2% |
| Suppliers | 440/4 | €111,103 | €129,153 | +€18,051 | +16.2% |
| Advances received on contracts in progress | 46 | €23,091 | €8,594 | -€14,498 | -62.8% |
| Taxes, remuneration and social security | 45 | €71,177 | €36,583 | -€34,594 | -48.6% |
| Taxes | 450/3 | €58,443 | €17,806 | -€40,637 | -69.5% |
| Remuneration and social security | 454/9 | €12,734 | €18,777 | +€6,043 | +47.5% |
| Other amounts payable | 47/48 | €1,599 | €75,216 | +€73,618 | +4605.1% |
| Accrued charges and deferred income | 492/3 | €12,928 | €198 | -€12,730 | -98.5% |
| Remuneration, social security and pensions | 62 | €243,296 | €311,473 | +€68,177 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,558 | €22,317 | +€6,759 | +43.4% |
| Other operating charges | 640/8 | €12,492 | €15,606 | +€3,114 | +24.9% |
| Gross operating margin | 9900 | €486,652 | €557,904 | +€71,252 | +14.6% |
| Operating profit (loss) | 9901 | €215,306 | €208,509 | -€6,797 | -3.2% |
| Financial income | 75/76B | €1,720 | €59 | -€1,661 | -96.6% |
| Recurring financial income | 75 | €1,720 | €59 | -€1,661 | -96.6% |
| Financial charges | 65/66B | €58,107 | €57,201 | -€905 | -1.6% |
| Recurring financial charges | 65 | €58,107 | €57,201 | -€905 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €158,920 | €151,366 | -€7,554 | -4.8% |
| Income taxes | 67/77 | €52,524 | €47,806 | -€4,718 | -9.0% |
| Profit (loss) for the period | 9904 | €106,396 | €103,561 | -€2,836 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,396 | €103,561 | -€2,836 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.