SECURITY, CONSTRUCT & WELLNESS: 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, CONSTRUCT & WELLNESS
Largest movements
- Cash +€17,076
up €17,076 (+186.8%), from €9,141 to €26,217
mainly Net result for the year (+€18,726) and Tax, wage and social debts (+€7,124)
- Receivables within one year +€6,361
up €6,361 (+7.7%), from €82,368 to €88,729
of which Other amounts receivable: +€4,935
- Reserves +€18,700
up €18,700 (+46.9%), from €39,874 to €58,574
of which Distributable reserves: +€18,700
- Tax, wage and social debts +€7,124
up €7,124 (+84.8%), from €8,401 to €15,525
- Trade debts -€3,635
down €3,635 (-91.7%), from €3,965 to €330
- Gross operating margin +€23,047
up €23,047 (+247.6%), from €9,308 to €32,356
- Taxes +€4,966
up €4,966 (+97.2%), from €5,108 to €10,074
- Financial income -€855
down €855 (-31.1%), from €2,751 to €1,896
- Other operating charges +€350
up €350 (+65.4%), from €536 to €887
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 | €93,127 | €115,805 | +€22,678 | +24.4% |
| Fixed assets | 21/28 | €534 | - | -€534 | |
| Tangible fixed assets | 22/27 | €534 | - | -€534 | |
| Furniture and vehicles | 24 | €534 | - | -€534 | |
| Current assets | 29/58 | €92,593 | €115,805 | +€23,212 | +25.1% |
| Amounts receivable within one year | 40/41 | €82,368 | €88,729 | +€6,361 | +7.7% |
| Trade receivables | 40 | €7,251 | €8,676 | +€1,426 | +19.7% |
| Other amounts receivable | 41 | €75,118 | €80,053 | +€4,935 | +6.6% |
| Cash at bank and in hand | 54/58 | €9,141 | €26,217 | +€17,076 | +186.8% |
| Deferred charges and accrued income | 490/1 | €1,084 | €859 | -€225 | -20.8% |
| Total equity and liabilities | 10/49 | €93,127 | €115,805 | +€22,678 | +24.4% |
| Equity | 10/15 | €80,761 | €99,487 | +€18,726 | +23.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,874 | €58,574 | +€18,700 | +46.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €37,900 | €56,600 | +€18,700 | +49.3% |
| Profit (loss) carried forward | 14 | €22,295 | €22,320 | +€26 | +0.1% |
| Amounts payable | 17/49 | €12,366 | €16,319 | +€3,953 | +32.0% |
| Amounts payable within one year | 42/48 | €12,366 | €15,855 | +€3,489 | +28.2% |
| Trade debts | 44 | €3,965 | €330 | -€3,635 | -91.7% |
| Suppliers | 440/4 | €3,965 | €330 | -€3,635 | -91.7% |
| Taxes, remuneration and social security | 45 | €8,401 | €15,525 | +€7,124 | +84.8% |
| Taxes | 450/3 | €8,401 | €15,525 | +€7,124 | +84.8% |
| Accrued charges and deferred income | 492/3 | - | €464 | +€464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €534 | -€44 | -7.6% |
| Other operating charges | 640/8 | €536 | €887 | +€350 | +65.4% |
| Non-recurring operating charges | 66A | - | €3,668 | +€3,668 | |
| Gross operating margin | 9900 | €9,308 | €32,356 | +€23,047 | +247.6% |
| Operating profit (loss) | 9901 | €8,194 | €27,267 | +€19,073 | +232.8% |
| Financial income | 75/76B | €2,751 | €1,896 | -€855 | -31.1% |
| Recurring financial income | 75 | €2,751 | €1,896 | -€855 | -31.1% |
| Financial charges | 65/66B | €561 | €363 | -€198 | -35.3% |
| Recurring financial charges | 65 | €561 | €363 | -€198 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €10,384 | €28,800 | +€18,416 | +177.4% |
| Income taxes | 67/77 | €5,108 | €10,074 | +€4,966 | +97.2% |
| Profit (loss) for the period | 9904 | €5,275 | €18,726 | +€13,450 | +255.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,275 | €18,726 | +€13,450 | +255.0% |
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 10 October 2026 via checked.be.