SECURITY CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€9,291
no longer reported in 2025 (was €9,291)
- Tangible fixed assets -€3,656
down €3,656 (-5.0%), from €73,557 to €69,901
of which Land and buildings: -€2,000
- Cash -€1,831
down €1,831 (-60.6%), from €3,023 to €1,192
mainly Other debts (-€6,712) and Advances received (-€6,507)
- Other debts -€6,712
down €6,712 (-26.2%), from €25,634 to €18,922
- Advances received -€6,507
down €6,507 (-33.3%), from €19,522 to €13,015
- Trade debts -€2,981
down €2,981 (-42.8%), from €6,963 to €3,982
- Profit (loss) carried forward +€2,446
up €2,446 (+11.9%), from €20,514 to €22,960
- Tax, wage and social debts -€1,024
down €1,024 (-16.3%), from €6,270 to €5,246
- Gross operating margin -€3,577
down €3,577 (-17.5%), from €20,497 to €16,920
- Financial charges +€1,102
up €1,102 (+45.0%), from €2,449 to €3,552
- Other operating charges -€926
down €926 (-33.3%), from €2,780 to €1,854
- Taxes -€925
down €925 (-30.5%), from €3,032 to €2,107
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 | €85,871 | €71,093 | -€14,778 | -17.2% |
| Fixed assets | 21/28 | €73,557 | €69,901 | -€3,656 | -5.0% |
| Tangible fixed assets | 22/27 | €73,557 | €69,901 | -€3,656 | -5.0% |
| Land and buildings | 22 | €61,556 | €59,556 | -€2,000 | -3.2% |
| Plant, machinery and equipment | 23 | €11,226 | €10,115 | -€1,111 | -9.9% |
| Furniture and vehicles | 24 | €775 | €229 | -€545 | -70.4% |
| Current assets | 29/58 | €12,314 | €1,192 | -€11,122 | -90.3% |
| Amounts receivable within one year | 40/41 | €9,291 | - | -€9,291 | |
| Trade receivables | 40 | €9,291 | - | -€9,291 | |
| Cash at bank and in hand | 54/58 | €3,023 | €1,192 | -€1,831 | -60.6% |
| Total equity and liabilities | 10/49 | €85,871 | €71,093 | -€14,778 | -17.2% |
| Equity | 10/15 | €27,483 | €29,929 | +€2,446 | +8.9% |
| Contributions | 10/11 | €6,968 | €6,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,514 | €22,960 | +€2,446 | +11.9% |
| Amounts payable | 17/49 | €58,388 | €41,164 | -€17,224 | -29.5% |
| Amounts payable within one year | 42/48 | €58,388 | €41,164 | -€17,224 | -29.5% |
| Trade debts | 44 | €6,963 | €3,982 | -€2,981 | -42.8% |
| Suppliers | 440/4 | €6,963 | €3,982 | -€2,981 | -42.8% |
| Advances received on contracts in progress | 46 | €19,522 | €13,015 | -€6,507 | -33.3% |
| Taxes, remuneration and social security | 45 | €6,270 | €5,246 | -€1,024 | -16.3% |
| Taxes | 450/3 | €6,270 | €5,246 | -€1,024 | -16.3% |
| Other amounts payable | 47/48 | €25,634 | €18,922 | -€6,712 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,783 | €6,961 | +€178 | +2.6% |
| Other operating charges | 640/8 | €2,780 | €1,854 | -€926 | -33.3% |
| Gross operating margin | 9900 | €20,497 | €16,920 | -€3,577 | -17.5% |
| Operating profit (loss) | 9901 | €10,935 | €8,105 | -€2,830 | -25.9% |
| Financial charges | 65/66B | €2,449 | €3,552 | +€1,102 | +45.0% |
| Recurring financial charges | 65 | €2,449 | €3,552 | +€1,102 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €8,485 | €4,553 | -€3,932 | -46.3% |
| Income taxes | 67/77 | €3,032 | €2,107 | -€925 | -30.5% |
| Profit (loss) for the period | 9904 | €5,454 | €2,446 | -€3,008 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,454 | €2,446 | -€3,008 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.