Security People: 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 People
Largest movements
- Receivables within one year +€82,678
up €82,678 (+114%), from €72,267 to €154,945
of which Trade receivables: +€85,597
- Cash -€65,636
down €65,636 (-73.5%), from €89,262 to €23,626
mainly Investment in fixed assets (net) (-€89,423) and Receivables within one year (-€82,678)
- Tangible fixed assets +€25,920
up €25,920 (+2.4%), from €1.1m to €1.1m
of which Land and buildings: +€15,248
- Profit (loss) carried forward +€137,684
new in 2023: €137,684
- Debts after one year -€54,065
down €54,065 (-7.2%), from €750,000 to €695,935
- Tax, wage and social debts -€21,126
down €21,126 (-17.4%), from €121,410 to €100,284
of which Taxes: -€21,295
- Staff costs +€20,539
up €20,539 (+346%), from €5,937 to €26,476
- Other operating charges -€16,185
down €16,185 (-85.2%), from €18,995 to €2,810
- Gross operating margin +€11,806
up €11,806 (+4.1%), from €284,710 to €296,516
- Depreciation +€3,794
up €3,794 (+6.4%), from €59,709 to €63,503
- Taxes +€3,284
up €3,284 (+7.4%), from €44,577 to €47,861
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,224,226 | €1,274,633 | +€50,407 | +4.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,062,697 | €1,088,617 | +€25,920 | +2.4% |
| Tangible fixed assets | 22/27 | €1,062,697 | €1,088,617 | +€25,920 | +2.4% |
| Land and buildings | 22 | €1,061,464 | €1,076,712 | +€15,248 | +1.4% |
| Furniture and vehicles | 24 | €1,233 | €11,423 | +€10,190 | +826% |
| Leasing and similar rights | 25 | - | €481 | +€481 | |
| Current assets | 29/58 | €161,529 | €186,017 | +€24,488 | +15.2% |
| Amounts receivable within one year | 40/41 | €72,267 | €154,945 | +€82,678 | +114% |
| Trade receivables | 40 | €69,348 | €154,945 | +€85,597 | +123% |
| Other amounts receivable | 41 | €2,919 | - | -€2,919 | |
| Cash at bank and in hand | 54/58 | €89,262 | €23,626 | -€65,636 | -73.5% |
| Deferred charges and accrued income | 490/1 | - | €7,446 | +€7,446 | |
| Total equity and liabilities | 10/49 | €1,224,226 | €1,274,633 | +€50,407 | +4.1% |
| Equity | 10/15 | €251,050 | €388,734 | +€137,684 | +54.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €248,550 | €248,550 | +€0 | 0.0% |
| Distributable reserves | 133 | €248,550 | €248,550 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €137,684 | +€137,684 | |
| Amounts payable | 17/49 | €973,176 | €885,899 | -€87,277 | -9.0% |
| Amounts payable after more than one year | 17 | €750,000 | €695,935 | -€54,065 | -7.2% |
| Financial debts | 170/4 | €750,000 | €695,935 | -€54,065 | -7.2% |
| Amounts payable within one year | 42/48 | €223,176 | €189,963 | -€33,213 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €53,046 | €54,065 | +€1,019 | +1.9% |
| Trade debts | 44 | €20,616 | €9,752 | -€10,864 | -52.7% |
| Suppliers | 440/4 | €20,616 | €9,752 | -€10,864 | -52.7% |
| Taxes, remuneration and social security | 45 | €121,410 | €100,284 | -€21,126 | -17.4% |
| Taxes | 450/3 | €119,666 | €98,371 | -€21,295 | -17.8% |
| Remuneration and social security | 454/9 | €1,744 | €1,912 | +€168 | +9.7% |
| Other amounts payable | 47/48 | €28,104 | €25,863 | -€2,241 | -8.0% |
| Remuneration, social security and pensions | 62 | €5,937 | €26,476 | +€20,539 | +346% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,709 | €63,503 | +€3,794 | +6.4% |
| Other operating charges | 640/8 | €18,995 | €2,810 | -€16,185 | -85.2% |
| Gross operating margin | 9900 | €284,710 | €296,516 | +€11,806 | +4.1% |
| Operating profit (loss) | 9901 | €200,069 | €203,726 | +€3,657 | +1.8% |
| Financial income | 75/76B | €996 | €0 | -€996 | -100.0% |
| Recurring financial income | 75 | €996 | €0 | -€996 | -100.0% |
| Financial charges | 65/66B | €20,348 | €18,182 | -€2,166 | -10.6% |
| Recurring financial charges | 65 | €20,348 | €18,182 | -€2,166 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €180,717 | €185,545 | +€4,828 | +2.7% |
| Income taxes | 67/77 | €44,577 | €47,861 | +€3,284 | +7.4% |
| Profit (loss) for the period | 9904 | €136,140 | €137,684 | +€1,544 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €136,140 | €137,684 | +€1,544 | +1.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.