Security Concept Belgium: 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 Belgium
Largest movements
- Receivables within one year +€17,724
up €17,724 (+65.3%), from €27,158 to €44,882
of which Trade receivables: +€18,621
- Cash +€3,420
up €3,420 (+298%), from €1,148 to €4,568
mainly Net result for the year (+€12,989) and Tax, wage and social debts (+€2,989)
- Tangible fixed assets -€998
no longer reported in 2025 (was €998)
- Reserves +€12,989
up €12,989 (+137%), from €9,475 to €22,464
- Tax, wage and social debts +€2,989
new in 2025: €2,989
- Trade debts +€2,443
up €2,443 (+197%), from €1,241 to €3,683
- Current portion of long-term debt +€1,683
new in 2025: €1,683
- Gross operating margin -€5,301
down €5,301 (-21.4%), from €24,724 to €19,424
- Staff costs -€1,205
no longer reported in 2025 (was €1,205)
- Taxes +€664
up €664 (+18.1%), from €3,666 to €4,330
- Financial income -€538
no longer reported in 2025 (was €538)
- Financial charges -€280
down €280 (-54.8%), from €511 to €231
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 | €29,346 | €49,450 | +€20,104 | +68.5% |
| Fixed assets | 21/28 | €998 | - | -€998 | |
| Tangible fixed assets | 22/27 | €998 | - | -€998 | |
| Furniture and vehicles | 24 | €998 | - | -€998 | |
| Current assets | 29/58 | €28,348 | €49,450 | +€21,102 | +74.4% |
| Amounts receivable within one year | 40/41 | €27,158 | €44,882 | +€17,724 | +65.3% |
| Trade receivables | 40 | €24,590 | €43,211 | +€18,621 | +75.7% |
| Other amounts receivable | 41 | €2,567 | €1,670 | -€897 | -34.9% |
| Cash at bank and in hand | 54/58 | €1,148 | €4,568 | +€3,420 | +298% |
| Deferred charges and accrued income | 490/1 | €42 | - | -€42 | |
| Total equity and liabilities | 10/49 | €29,346 | €49,450 | +€20,104 | +68.5% |
| Equity | 10/15 | €28,075 | €41,064 | +€12,989 | +46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,475 | €22,464 | +€12,989 | +137% |
| Distributable reserves | 133 | €9,475 | €22,464 | +€12,989 | +137% |
| Amounts payable | 17/49 | €1,271 | €8,386 | +€7,115 | +560% |
| Amounts payable within one year | 42/48 | €1,271 | €8,386 | +€7,115 | +560% |
| Current portion of amounts payable after more than one year | 42 | - | €1,683 | +€1,683 | |
| Trade debts | 44 | €1,241 | €3,683 | +€2,443 | +197% |
| Suppliers | 440/4 | €1,241 | €3,683 | +€2,443 | +197% |
| Taxes, remuneration and social security | 45 | - | €2,989 | +€2,989 | |
| Taxes | 450/3 | - | €2,989 | +€2,989 | |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,205 | - | -€1,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €998 | -€130 | -11.5% |
| Other operating charges | 640/8 | €718 | €876 | +€159 | +22.1% |
| Gross operating margin | 9900 | €24,724 | €19,424 | -€5,301 | -21.4% |
| Operating profit (loss) | 9901 | €21,674 | €17,549 | -€4,125 | -19.0% |
| Financial income | 75/76B | €538 | - | -€538 | |
| Recurring financial income | 75 | €538 | - | -€538 | |
| Financial charges | 65/66B | €511 | €231 | -€280 | -54.8% |
| Recurring financial charges | 65 | €511 | €231 | -€280 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | €21,701 | €17,318 | -€4,383 | -20.2% |
| Income taxes | 67/77 | €3,666 | €4,330 | +€664 | +18.1% |
| Profit (loss) for the period | 9904 | €18,036 | €12,989 | -€5,047 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,036 | €12,989 | -€5,047 | -28.0% |
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 17 October 2026 via checked.be.