SECURITY ONE: what changed
Two fiscal 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 ONE
Largest movements
- Receivables after one year -€136,532
down €136,532 (-3.5%), from €3.9m to €3.8m
- Cash +€108,259
up €108,259 (+730.4%), from €14,822 to €123,081
mainly Receivables after one year (+€136,532) and Depreciation (+€87,990)
- Tangible fixed assets -€87,990
down €87,990 (-4.0%), from €2.2m to €2.1m
of which Land and buildings: -€66,946
- Profit (loss) carried forward -€73,640
down €73,640 (-1.2%), from €6.0m to €5.9m
- Gross operating margin -€16,175
down €16,175, from €15,367 to -€808
- Depreciation +€3,597
up €3,597 (+4.3%), from €84,393 to €87,990
- Taxes -€2,374
down €2,374 (-48.8%), from €4,867 to €2,493
- Other operating charges -€2,148
down €2,148 (-49.1%), from €4,379 to €2,231
- Financial income +€515
up €515 (+2.6%), from €19,605 to €20,120
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 | €6,196,949 | €6,123,309 | -€73,640 | -1.2% |
| Fixed assets | 21/28 | €2,218,386 | €2,130,396 | -€87,990 | -4.0% |
| Tangible fixed assets | 22/27 | €2,218,386 | €2,130,396 | -€87,990 | -4.0% |
| Land and buildings | 22 | €2,030,130 | €1,963,184 | -€66,946 | -3.3% |
| Furniture and vehicles | 24 | €188,256 | €167,212 | -€21,044 | -11.2% |
| Current assets | 29/58 | €3,978,563 | €3,992,913 | +€14,350 | +0.4% |
| Amounts receivable after more than one year | 29 | €3,929,795 | €3,793,263 | -€136,532 | -3.5% |
| Trade receivables | 290 | €3,929,795 | €3,793,263 | -€136,532 | -3.5% |
| Amounts receivable within one year | 40/41 | €100 | €35,206 | +€35,105 | +35059.9% |
| Trade receivables | 40 | - | €2,710 | +€2,710 | |
| Other amounts receivable | 41 | €100 | €32,495 | +€32,395 | +32353.1% |
| Cash at bank and in hand | 54/58 | €14,822 | €123,081 | +€108,259 | +730.4% |
| Deferred charges and accrued income | 490/1 | €33,846 | €41,363 | +€7,517 | +22.2% |
| Total equity and liabilities | 10/49 | €6,196,949 | €6,123,309 | -€73,640 | -1.2% |
| Equity | 10/15 | €6,196,949 | €6,123,309 | -€73,640 | -1.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €176,013 | €176,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €176,013 | €176,013 | = | 0.0% |
| Legal reserve | 130 | €176,013 | €176,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,958,436 | €5,884,796 | -€73,640 | -1.2% |
| Non-recurring operating income | 76A | - | €455 | +€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,393 | €87,990 | +€3,597 | +4.3% |
| Other operating charges | 640/8 | €4,379 | €2,231 | -€2,148 | -49.1% |
| Gross operating margin | 9900 | €15,367 | -€808 | -€16,175 | |
| Operating profit (loss) | 9901 | -€73,405 | -€91,029 | -€17,625 | -24.0% |
| Financial income | 75/76B | €19,605 | €20,120 | +€515 | +2.6% |
| Recurring financial income | 75 | €19,605 | €20,120 | +€515 | +2.6% |
| Financial charges | 65/66B | €154 | €238 | +€85 | +55.2% |
| Recurring financial charges | 65 | €154 | €238 | +€85 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,953 | -€71,148 | -€17,195 | -31.9% |
| Income taxes | 67/77 | €4,867 | €2,493 | -€2,374 | -48.8% |
| Profit (loss) for the period | 9904 | -€58,820 | -€73,640 | -€14,820 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,820 | -€73,640 | -€14,820 | -25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.