SECURITY MANAGEMENT CONSULTING: 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 MANAGEMENT CONSULTING
Largest movements
- Cash +€23,600
up €23,600 (+56.6%), from €41,722 to €65,322
mainly Other debts (+€13,825) and Current investments (+€12,954)
- Current investments -€12,954
down €12,954 (-15.9%), from €81,385 to €68,431
- Other debts +€13,825
up €13,825 (+95.8%), from €14,429 to €28,254
- Reserves -€4,804
down €4,804 (-7.3%), from €66,015 to €61,211
of which Distributable reserves: -€3,471
- Tax, wage and social debts +€4,383
up €4,383 (+297%), from €1,473 to €5,856
- Trade debts -€1,670
no longer reported in 2025 (was €1,670)
- Financial charges -€7,074
down €7,074 (-98.0%), from €7,215 to €141
of which Non-recurring financial charges: -€6,683
- Taxes +€3,955
up €3,955 (+241%), from €1,639 to €5,593
- Financial income -€3,920
down €3,920 (-40.3%), from €9,727 to €5,807
- Gross operating margin -€2,078
down €2,078 (-17.3%), from €12,043 to €9,965
- Other operating charges -€357
down €357 (-13.8%), from €2,583 to €2,226
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 | €138,645 | €149,692 | +€11,047 | +8.0% |
| Fixed assets | 21/28 | €15,538 | €15,939 | +€401 | +2.6% |
| Tangible fixed assets | 22/27 | €15,538 | €15,939 | +€401 | +2.6% |
| Land and buildings | 22 | €14,500 | €14,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €146 | €146 | = | 0.0% |
| Furniture and vehicles | 24 | €99 | €630 | +€531 | +535% |
| Other tangible fixed assets | 26 | €793 | €662 | -€130 | -16.4% |
| Current assets | 29/58 | €123,107 | €133,754 | +€10,647 | +8.6% |
| Current investments | 50/53 | €81,385 | €68,431 | -€12,954 | -15.9% |
| Cash at bank and in hand | 54/58 | €41,722 | €65,322 | +€23,600 | +56.6% |
| Total equity and liabilities | 10/49 | €138,645 | €149,692 | +€11,047 | +8.0% |
| Equity | 10/15 | €120,386 | €115,582 | -€4,804 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €66,015 | €61,211 | -€4,804 | -7.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,333 | - | -€1,333 | |
| Distributable reserves | 133 | €58,481 | €55,011 | -€3,471 | -5.9% |
| Profit (loss) carried forward | 14 | -€7,628 | -€7,628 | = | 0.0% |
| Provisions and deferred taxes | 16 | €687 | - | -€687 | |
| Deferred taxes | 168 | €687 | - | -€687 | |
| Amounts payable | 17/49 | €17,572 | €34,110 | +€16,538 | +94.1% |
| Amounts payable within one year | 42/48 | €17,572 | €34,110 | +€16,538 | +94.1% |
| Trade debts | 44 | €1,670 | - | -€1,670 | |
| Suppliers | 440/4 | €1,670 | - | -€1,670 | |
| Taxes, remuneration and social security | 45 | €1,473 | €5,856 | +€4,383 | +297% |
| Taxes | 450/3 | €1,473 | €5,856 | +€4,383 | +297% |
| Other amounts payable | 47/48 | €14,429 | €28,254 | +€13,825 | +95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136 | €448 | +€312 | +229% |
| Other operating charges | 640/8 | €2,583 | €2,226 | -€357 | -13.8% |
| Gross operating margin | 9900 | €12,043 | €9,965 | -€2,078 | -17.3% |
| Operating profit (loss) | 9901 | €9,323 | €7,290 | -€2,033 | -21.8% |
| Financial income | 75/76B | €9,727 | €5,807 | -€3,920 | -40.3% |
| Recurring financial income | 75 | €9,727 | €5,807 | -€3,920 | -40.3% |
| Financial charges | 65/66B | €7,215 | €141 | -€7,074 | -98.0% |
| Recurring financial charges | 65 | €532 | €141 | -€391 | -73.5% |
| Non-recurring financial charges | 66B | €6,683 | - | -€6,683 | |
| Profit (loss) for the period before taxes | 9903 | €11,835 | €12,955 | +€1,121 | +9.5% |
| Transfer from deferred taxes | 780 | €687 | €687 | = | 0.0% |
| Income taxes | 67/77 | €1,639 | €5,593 | +€3,955 | +241% |
| Profit (loss) for the period | 9904 | €10,883 | €8,049 | -€2,834 | -26.0% |
| Transfer from tax-exempt reserves | 789 | €1,333 | €1,333 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,216 | €9,382 | -€2,834 | -23.2% |
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 13 October 2026 via checked.be.