SECURITY TEAM SERVICES: 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 TEAM SERVICES
Largest movements
- Receivables within one year -€33,821
down €33,821 (-17.6%), from €191,891 to €158,070
of which Other amounts receivable: -€26,049
- Cash +€29,176
up €29,176 (+91.2%), from €31,975 to €61,151
mainly Receivables within one year (+€33,821) and Tax, wage and social debts (+€26,002)
- Tangible fixed assets -€9,973
down €9,973 (-42.9%), from €23,243 to €13,270
of which Furniture and vehicles: -€5,838
- Reserves -€40,381
down €40,381 (-50.3%), from €80,357 to €39,975
of which Distributable reserves: -€40,381
- Tax, wage and social debts +€26,002
up €26,002 (+166.8%), from €15,593 to €41,595
of which Remuneration and social security: +€20,741
- Trade debts +€19,028
up €19,028 (+27.9%), from €68,094 to €87,122
- Profit (loss) carried forward -€11,204
new in 2025: -€11,204
- Current portion of long-term debt -€6,435
no longer reported in 2025 (was €6,435)
- Staff costs +€59,495
up €59,495 (+90.9%), from €65,459 to €124,954
- Gross operating margin -€22,196
down €22,196 (-13.6%), from €163,465 to €141,269
- Taxes -€17,638
down €17,638 (-98.0%), from €17,992 to €354
- Write-downs +€10,367
new in 2025: €10,367
- Depreciation -€9,055
down €9,055 (-54.9%), from €16,492 to €7,437
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 | €251,747 | €236,798 | -€14,949 | -5.9% |
| Fixed assets | 21/28 | €23,448 | €13,475 | -€9,973 | -42.5% |
| Tangible fixed assets | 22/27 | €23,243 | €13,270 | -€9,973 | -42.9% |
| Furniture and vehicles | 24 | €8,296 | €2,458 | -€5,838 | -70.4% |
| Other tangible fixed assets | 26 | €14,948 | €10,813 | -€4,135 | -27.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €228,299 | €223,323 | -€4,976 | -2.2% |
| Amounts receivable within one year | 40/41 | €191,891 | €158,070 | -€33,821 | -17.6% |
| Trade receivables | 40 | €148,389 | €140,616 | -€7,772 | -5.2% |
| Other amounts receivable | 41 | €43,502 | €17,454 | -€26,049 | -59.9% |
| Cash at bank and in hand | 54/58 | €31,975 | €61,151 | +€29,176 | +91.2% |
| Deferred charges and accrued income | 490/1 | €4,432 | €4,101 | -€331 | -7.5% |
| Total equity and liabilities | 10/49 | €251,747 | €236,798 | -€14,949 | -5.9% |
| Equity | 10/15 | €86,557 | €34,971 | -€51,585 | -59.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,357 | €39,975 | -€40,381 | -50.3% |
| 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 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €78,297 | €37,916 | -€40,381 | -51.6% |
| Profit (loss) carried forward | 14 | - | -€11,204 | -€11,204 | |
| Amounts payable | 17/49 | €165,190 | €201,827 | +€36,637 | +22.2% |
| Amounts payable within one year | 42/48 | €164,290 | €200,902 | +€36,612 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €6,435 | - | -€6,435 | |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €68,094 | €87,122 | +€19,028 | +27.9% |
| Suppliers | 440/4 | €68,094 | €87,122 | +€19,028 | +27.9% |
| Taxes, remuneration and social security | 45 | €15,593 | €41,595 | +€26,002 | +166.8% |
| Taxes | 450/3 | €13,464 | €18,725 | +€5,261 | +39.1% |
| Remuneration and social security | 454/9 | €2,129 | €22,870 | +€20,741 | +974.5% |
| Other amounts payable | 47/48 | €24,168 | €22,185 | -€1,983 | -8.2% |
| Accrued charges and deferred income | 492/3 | €900 | €925 | +€25 | +2.7% |
| Remuneration, social security and pensions | 62 | €65,459 | €124,954 | +€59,495 | +90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,492 | €7,437 | -€9,055 | -54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,367 | +€10,367 | |
| Other operating charges | 640/8 | €4,256 | €3,735 | -€521 | -12.2% |
| Gross operating margin | 9900 | €163,465 | €141,269 | -€22,196 | -13.6% |
| Operating profit (loss) | 9901 | €77,258 | -€5,224 | -€82,482 | |
| Financial income | 75/76B | €1,678 | €1,435 | -€243 | -14.5% |
| Recurring financial income | 75 | €1,678 | €1,435 | -€243 | -14.5% |
| Financial charges | 65/66B | €12,727 | €7,061 | -€5,665 | -44.5% |
| Recurring financial charges | 65 | €12,727 | €7,061 | -€5,665 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €66,210 | -€10,850 | -€77,060 | |
| Income taxes | 67/77 | €17,992 | €354 | -€17,638 | -98.0% |
| Profit (loss) for the period | 9904 | €48,218 | -€11,204 | -€59,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,218 | -€11,204 | -€59,422 |
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 7 October 2026 via checked.be.