SECURITY DYNAMICS: 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 DYNAMICS
Largest movements
- Receivables within one year +€18,273
up €18,273 (+48.6%), from €37,577 to €55,850
of which Trade receivables: +€12,395
- Tangible fixed assets -€5,473
down €5,473 (-27.1%), from €20,180 to €14,707
of which Furniture and vehicles: -€6,542
- Profit (loss) carried forward +€22,408
up €22,408, from -€21,559 to €849
- Other debts -€5,247
down €5,247 (-100.0%), from €5,247 to €0
- Debts after one year -€4,135
down €4,135 (-43.1%), from €9,588 to €5,453
- Short-term financial debts +€1,855
up €1,855 (+54.5%), from €3,402 to €5,257
- Tax, wage and social debts -€1,686
down €1,686 (-37.2%), from €4,536 to €2,850
of which Remuneration and social security: -€2,019
- Gross operating margin -€18,176
down €18,176 (-32.2%), from €56,403 to €38,227
- Taxes +€6,959
up €6,959 (+3284.1%), from €212 to €7,171
- Financial charges -€844
down €844 (-46.1%), from €1,830 to €986
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 | €60,062 | €73,704 | +€13,642 | +22.7% |
| Fixed assets | 21/28 | €20,180 | €14,707 | -€5,473 | -27.1% |
| Tangible fixed assets | 22/27 | €20,180 | €14,707 | -€5,473 | -27.1% |
| Furniture and vehicles | 24 | €20,180 | €13,638 | -€6,542 | -32.4% |
| Other tangible fixed assets | 26 | - | €1,069 | +€1,069 | |
| Current assets | 29/58 | €39,882 | €58,997 | +€19,115 | +47.9% |
| Amounts receivable within one year | 40/41 | €37,577 | €55,850 | +€18,273 | +48.6% |
| Trade receivables | 40 | €37,577 | €49,971 | +€12,395 | +33.0% |
| Other amounts receivable | 41 | - | €5,878 | +€5,878 | |
| Cash at bank and in hand | 54/58 | €23 | €308 | +€285 | +1234.7% |
| Deferred charges and accrued income | 490/1 | €2,283 | €2,839 | +€557 | +24.4% |
| Total equity and liabilities | 10/49 | €60,062 | €73,704 | +€13,642 | +22.7% |
| Equity | 10/15 | €29,615 | €52,022 | +€22,408 | +75.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,173 | €1,173 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,173 | €1,173 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,173 | €1,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,559 | €849 | +€22,408 | |
| Amounts payable | 17/49 | €30,447 | €21,682 | -€8,766 | -28.8% |
| Amounts payable after more than one year | 17 | €9,588 | €5,453 | -€4,135 | -43.1% |
| Financial debts | 170/4 | €9,588 | €5,453 | -€4,135 | -43.1% |
| Amounts payable within one year | 42/48 | €20,659 | €16,156 | -€4,503 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €3,944 | €4,135 | +€191 | +4.9% |
| Financial debts | 43 | €3,402 | €5,257 | +€1,855 | +54.5% |
| Credit institutions | 430/8 | €3,402 | €5,257 | +€1,855 | +54.5% |
| Trade debts | 44 | €3,530 | €3,913 | +€383 | +10.9% |
| Suppliers | 440/4 | €3,530 | €3,913 | +€383 | +10.9% |
| Taxes, remuneration and social security | 45 | €4,536 | €2,850 | -€1,686 | -37.2% |
| Taxes | 450/3 | €2,517 | €2,850 | +€334 | +13.3% |
| Remuneration and social security | 454/9 | €2,019 | €0 | -€2,019 | -100.0% |
| Other amounts payable | 47/48 | €5,247 | €0 | -€5,247 | -100.0% |
| Accrued charges and deferred income | 492/3 | €200 | €73 | -€127 | -63.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,302 | €6,555 | +€253 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,394 | €1,054 | -€340 | -24.4% |
| Gross operating margin | 9900 | €56,403 | €38,227 | -€18,176 | -32.2% |
| Operating profit (loss) | 9901 | €48,708 | €30,565 | -€18,143 | -37.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,830 | €986 | -€844 | -46.1% |
| Recurring financial charges | 65 | €1,830 | €986 | -€844 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €46,877 | €29,578 | -€17,299 | -36.9% |
| Income taxes | 67/77 | €212 | €7,171 | +€6,959 | +3284.1% |
| Profit (loss) for the period | 9904 | €46,665 | €22,408 | -€24,258 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,665 | €22,408 | -€24,258 | -52.0% |
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 9 October 2026 via checked.be.