SECURITY SYSTEMS ORGANISATION SECURITY HOUSE: 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 SYSTEMS ORGANISATION SECURITY HOUSE
Largest movements
- Receivables within one year -€523,503
down €523,503 (-77.2%), from €677,774 to €154,271
of which Other amounts receivable: -€280,277
- Cash -€45,103
down €45,103 (-93.4%), from €48,288 to €3,185
mainly Net result for the year (-€524,451) and Trade debts (-€129,076)
- Stocks and contracts -€19,411
down €19,411 (-38.8%), from €50,009 to €30,598
of which Stocks: -€11,338
- Intangible fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€12,258
down €12,258 (-42.4%), from €28,941 to €16,683
of which Furniture and vehicles: -€11,802
- Profit (loss) carried forward -€524,451
down €524,451, from €94,546 to -€429,905
- Trade debts -€129,076
down €129,076 (-72.2%), from €178,859 to €49,783
- Current portion of long-term debt +€18,608
up €18,608 (+83.7%), from €22,237 to €40,845
- Debts after one year +€11,184
up €11,184 (+989%), from €1,131 to €12,315
of which Financial debts: +€12,315
- Other debts +€8,815
up €8,815 (+59.5%), from €14,825 to €23,640
- Gross operating margin +€71,319
up €71,319 (+23.0%), from €309,544 to €380,863
- Purchases and services +€63,701
up €63,701 (+19.7%), from €323,708 to €387,409
- Turnover +€61,402
up €61,402 (+10.1%), from €607,851 to €669,253
- Staff costs +€48,860
up €48,860 (+18.0%), from €271,239 to €320,099
- Write-downs +€8,724
new in 2025: €8,724
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 | €850,004 | €230,812 | -€619,192 | -72.8% |
| Formation expenses | 20 | €465 | - | -€465 | |
| Fixed assets | 21/28 | €56,208 | €22,308 | -€33,900 | -60.3% |
| Intangible fixed assets | 21 | €15,000 | - | -€15,000 | |
| Tangible fixed assets | 22/27 | €28,941 | €16,683 | -€12,258 | -42.4% |
| Land and buildings | 22 | €456 | - | -€456 | |
| Furniture and vehicles | 24 | €28,485 | €16,683 | -€11,802 | -41.4% |
| Financial fixed assets | 28 | €12,267 | €5,625 | -€6,642 | -54.1% |
| Current assets | 29/58 | €793,331 | €208,504 | -€584,827 | -73.7% |
| Stocks and contracts in progress | 3 | €50,009 | €30,598 | -€19,411 | -38.8% |
| Stocks | 30/36 | €41,936 | €30,598 | -€11,338 | -27.0% |
| Contracts in progress | 37 | €8,073 | - | -€8,073 | |
| Amounts receivable within one year | 40/41 | €677,774 | €154,271 | -€523,503 | -77.2% |
| Trade receivables | 40 | €387,926 | €144,700 | -€243,226 | -62.7% |
| Other amounts receivable | 41 | €289,848 | €9,571 | -€280,277 | -96.7% |
| Cash at bank and in hand | 54/58 | €48,288 | €3,185 | -€45,103 | -93.4% |
| Deferred charges and accrued income | 490/1 | €17,260 | €20,449 | +€3,189 | +18.5% |
| Total equity and liabilities | 10/49 | €850,004 | €230,812 | -€619,192 | -72.8% |
| Equity | 10/15 | €547,797 | €23,345 | -€524,452 | -95.7% |
| Contributions | 10/11 | €185,947 | €185,947 | -€0 | 0.0% |
| Capital | 10 | €185,947 | €185,947 | -€0 | 0.0% |
| Issued capital | 100 | €185,947 | €185,947 | -€0 | 0.0% |
| Reserves | 13 | €267,304 | €267,304 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €28,260 | €28,260 | -€0 | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | - | €15,865 | +€15,865 | |
| Other | 1319 | €15,865 | - | -€15,865 | |
| Distributable reserves | 133 | €239,044 | €239,044 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €94,546 | -€429,905 | -€524,451 | |
| Amounts payable | 17/49 | €302,207 | €207,467 | -€94,740 | -31.3% |
| Amounts payable after more than one year | 17 | €1,131 | €12,315 | +€11,184 | +989% |
| Financial debts | 170/4 | - | €12,315 | +€12,315 | |
| Other amounts payable | 178/9 | €1,131 | - | -€1,131 | |
| Amounts payable within one year | 42/48 | €301,076 | €195,151 | -€105,925 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €22,237 | €40,845 | +€18,608 | +83.7% |
| Trade debts | 44 | €178,859 | €49,783 | -€129,076 | -72.2% |
| Suppliers | 440/4 | €178,859 | €49,783 | -€129,076 | -72.2% |
| Taxes, remuneration and social security | 45 | €85,155 | €80,883 | -€4,272 | -5.0% |
| Taxes | 450/3 | €85,155 | €20,364 | -€64,791 | -76.1% |
| Remuneration and social security | 454/9 | - | €60,519 | +€60,519 | |
| Other amounts payable | 47/48 | €14,825 | €23,640 | +€8,815 | +59.5% |
| Turnover | 70 | €607,851 | €669,253 | +€61,402 | +10.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €323,708 | €387,409 | +€63,701 | +19.7% |
| Remuneration, social security and pensions | 62 | €271,239 | €320,099 | +€48,860 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,366 | €6,077 | +€711 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,724 | +€8,724 | |
| Other operating charges | 640/8 | €4,242 | €10,050 | +€5,808 | +137% |
| Non-recurring operating charges | 66A | €8,098 | €541,446 | +€533,348 | +6,586% |
| Gross operating margin | 9900 | €309,544 | €380,863 | +€71,319 | +23.0% |
| Operating profit (loss) | 9901 | €20,599 | -€505,532 | -€526,131 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,216 | €10,111 | +€5,895 | +140% |
| Recurring financial charges | 65 | €4,216 | €10,111 | +€5,895 | +140% |
| Profit (loss) for the period before taxes | 9903 | €16,383 | -€515,643 | -€532,026 | |
| Income taxes | 67/77 | €12,759 | €8,808 | -€3,951 | -31.0% |
| Profit (loss) for the period | 9904 | €3,624 | -€524,451 | -€528,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,624 | -€524,451 | -€528,075 |
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 30 October 2026 via checked.be.