Security Innovation: 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 Innovation
Largest movements
- Receivables within one year +€47,317
up €47,317 (+29.6%), from €159,759 to €207,076
of which Other amounts receivable: +€34,611
- Cash +€18,659
up €18,659 (+317%), from €5,891 to €24,549
mainly Other debts (+€111,369) and Net result for the year (+€53,508)
- Deferred charges and accrued income +€4,091
up €4,091 (+70.3%), from €5,823 to €9,914
- Other debts +€111,369
new in 2025: €111,369
- Reserves -€57,861
down €57,861 (-25.3%), from €228,653 to €170,792
- Short-term financial debts +€27,670
up €27,670 (+8,376%), from €330 to €28,000
- Advances received -€13,230
down €13,230 (-100%), from €13,230 to €0
- Gross operating margin -€27,894
down €27,894 (-26.7%), from €104,656 to €76,762
- Taxes -€8,669
down €8,669 (-28.0%), from €30,966 to €22,297
- Other operating charges +€1,951
up €1,951 (+110%), from €1,768 to €3,719
- Financial charges -€1,461
down €1,461 (-19.0%), from €7,704 to €6,243
- Financial income +€1,165
up €1,165 (+12.6%), from €9,259 to €10,424
of which Financial income: +€1,165
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 | €288,511 | €360,415 | +€71,903 | +24.9% |
| Fixed assets | 21/28 | €5,164 | €5,364 | +€200 | +3.9% |
| Tangible fixed assets | 22/27 | €5,164 | €5,364 | +€200 | +3.9% |
| Land and buildings | 22 | €3,500 | €3,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €147 | €39 | -€107 | -73.1% |
| Furniture and vehicles | 24 | €794 | €1,824 | +€1,030 | +130% |
| Other tangible fixed assets | 26 | €723 | €0 | -€723 | -100% |
| Current assets | 29/58 | €283,347 | €355,051 | +€71,703 | +25.3% |
| Amounts receivable after more than one year | 29 | €111,874 | €113,511 | +€1,637 | +1.5% |
| Other amounts receivable | 291 | €111,874 | €113,511 | +€1,637 | +1.5% |
| Amounts receivable within one year | 40/41 | €159,759 | €207,076 | +€47,317 | +29.6% |
| Trade receivables | 40 | €8,630 | €21,336 | +€12,706 | +147% |
| Other amounts receivable | 41 | €151,129 | €185,740 | +€34,611 | +22.9% |
| Cash at bank and in hand | 54/58 | €5,891 | €24,549 | +€18,659 | +317% |
| Deferred charges and accrued income | 490/1 | €5,823 | €9,914 | +€4,091 | +70.3% |
| Total equity and liabilities | 10/49 | €288,511 | €360,415 | +€71,903 | +24.9% |
| Equity | 10/15 | €243,653 | €185,792 | -€57,861 | -23.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €228,653 | €170,792 | -€57,861 | -25.3% |
| Distributable reserves | 133 | €228,653 | €170,792 | -€57,861 | -25.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,858 | €174,622 | +€129,764 | +289% |
| Amounts payable within one year | 42/48 | €43,795 | €172,298 | +€128,503 | +293% |
| Financial debts | 43 | €330 | €28,000 | +€27,670 | +8,376% |
| Credit institutions | 430/8 | €330 | €28,000 | +€27,670 | +8,376% |
| Trade debts | 44 | €1,654 | €3,391 | +€1,738 | +105% |
| Suppliers | 440/4 | €1,654 | €3,391 | +€1,738 | +105% |
| Advances received on contracts in progress | 46 | €13,230 | €0 | -€13,230 | -100% |
| Taxes, remuneration and social security | 45 | €28,581 | €29,538 | +€957 | +3.3% |
| Taxes | 450/3 | €28,581 | €29,538 | +€957 | +3.3% |
| Other amounts payable | 47/48 | - | €111,369 | +€111,369 | |
| Accrued charges and deferred income | 492/3 | €1,063 | €2,324 | +€1,261 | +119% |
| Non-recurring operating income | 76A | €15,028 | €0 | -€15,028 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €1,418 | +€150 | +11.8% |
| Other operating charges | 640/8 | €1,768 | €3,719 | +€1,951 | +110% |
| Gross operating margin | 9900 | €104,656 | €76,762 | -€27,894 | -26.7% |
| Operating profit (loss) | 9901 | €101,619 | €71,624 | -€29,995 | -29.5% |
| Financial income | 75/76B | €9,259 | €10,424 | +€1,165 | +12.6% |
| Recurring financial income | 75 | €9,259 | €10,424 | +€1,165 | +12.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,704 | €6,243 | -€1,461 | -19.0% |
| Recurring financial charges | 65 | €7,704 | €6,243 | -€1,461 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €103,174 | €75,805 | -€27,369 | -26.5% |
| Income taxes | 67/77 | €30,966 | €22,297 | -€8,669 | -28.0% |
| Profit (loss) for the period | 9904 | €72,208 | €53,508 | -€18,700 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,208 | €53,508 | -€18,700 | -25.9% |
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 20 October 2026 via checked.be.