SECURITY LOCKS BENELUX: 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 LOCKS BENELUX
Largest movements
- Stocks and contracts -€42,535
down €42,535 (-17.0%), from €250,339 to €207,804
- Receivables within one year +€32,803
up €32,803 (+46.2%), from €71,022 to €103,824
of which Trade receivables: +€35,088
- Profit (loss) carried forward -€34,021
down €34,021 (-20.4%), from €166,515 to €132,493
- Trade debts +€19,866
up €19,866 (+61.4%), from €32,334 to €52,200
- Tax, wage and social debts +€19,169
up €19,169 (+192.5%), from €9,958 to €29,127
of which Taxes: +€13,285
- Debts after one year -€9,765
down €9,765 (-46.2%), from €21,159 to €11,393
- Staff costs +€45,980
up €45,980 (+86.3%), from €53,299 to €99,279
- Taxes -€6,585
down €6,585 (-98.1%), from €6,715 to €130
- Gross operating margin -€6,157
down €6,157 (-7.5%), from €81,690 to €75,533
- Financial charges -€1,178
down €1,178 (-40.6%), from €2,901 to €1,723
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 | €450,423 | €445,638 | -€4,785 | -1.1% |
| Fixed assets | 21/28 | €70,058 | €74,443 | +€4,385 | +6.3% |
| Tangible fixed assets | 22/27 | €69,565 | €73,950 | +€4,385 | +6.3% |
| Land and buildings | 22 | €64,800 | €61,200 | -€3,600 | -5.6% |
| Plant, machinery and equipment | 23 | €2,929 | €7,114 | +€4,185 | +142.9% |
| Furniture and vehicles | 24 | €1,836 | €5,636 | +€3,800 | +207.0% |
| Financial fixed assets | 28 | €493 | €493 | = | 0.0% |
| Current assets | 29/58 | €380,365 | €371,195 | -€9,170 | -2.4% |
| Stocks and contracts in progress | 3 | €250,339 | €207,804 | -€42,535 | -17.0% |
| Stocks | 30/36 | €250,339 | €207,804 | -€42,535 | -17.0% |
| Amounts receivable within one year | 40/41 | €71,022 | €103,824 | +€32,803 | +46.2% |
| Trade receivables | 40 | €52,736 | €87,824 | +€35,088 | +66.5% |
| Other amounts receivable | 41 | €18,285 | €16,000 | -€2,285 | -12.5% |
| Current investments | 50/53 | €53,017 | €52,027 | -€990 | -1.9% |
| Cash at bank and in hand | 54/58 | €3,601 | €6,008 | +€2,407 | +66.8% |
| Deferred charges and accrued income | 490/1 | €2,386 | €1,531 | -€855 | -35.8% |
| Total equity and liabilities | 10/49 | €450,423 | €445,638 | -€4,785 | -1.1% |
| Equity | 10/15 | €371,625 | €337,603 | -€34,021 | -9.2% |
| Reserves | 13 | €205,110 | €205,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €184,500 | €184,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,515 | €132,493 | -€34,021 | -20.4% |
| Amounts payable | 17/49 | €78,798 | €108,034 | +€29,236 | +37.1% |
| Amounts payable after more than one year | 17 | €21,159 | €11,393 | -€9,765 | -46.2% |
| Financial debts | 170/4 | €21,159 | €11,393 | -€9,765 | -46.2% |
| Amounts payable within one year | 42/48 | €57,639 | €96,641 | +€39,002 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €15,347 | €15,314 | -€33 | -0.2% |
| Trade debts | 44 | €32,334 | €52,200 | +€19,866 | +61.4% |
| Suppliers | 440/4 | €32,334 | €52,200 | +€19,866 | +61.4% |
| Taxes, remuneration and social security | 45 | €9,958 | €29,127 | +€19,169 | +192.5% |
| Taxes | 450/3 | €2,610 | €15,895 | +€13,285 | +509.0% |
| Remuneration and social security | 454/9 | €7,348 | €13,232 | +€5,884 | +80.1% |
| Remuneration, social security and pensions | 62 | €53,299 | €99,279 | +€45,980 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,495 | €7,265 | -€230 | -3.1% |
| Other operating charges | 640/8 | €1,236 | €1,333 | +€97 | +7.9% |
| Gross operating margin | 9900 | €81,690 | €75,533 | -€6,157 | -7.5% |
| Operating profit (loss) | 9901 | €19,660 | -€32,345 | -€52,005 | |
| Financial income | 75/76B | - | €176 | +€176 | |
| Recurring financial income | 75 | - | €176 | +€176 | |
| Financial charges | 65/66B | €2,901 | €1,723 | -€1,178 | -40.6% |
| Recurring financial charges | 65 | €2,901 | €1,723 | -€1,178 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €16,760 | -€33,891 | -€50,651 | |
| Income taxes | 67/77 | €6,715 | €130 | -€6,585 | -98.1% |
| Profit (loss) for the period | 9904 | €10,045 | -€34,021 | -€44,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,045 | -€34,021 | -€44,066 |
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.