Security Technology: 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 Technology
Largest movements
- Receivables within one year -€52,193
down €52,193 (-49.3%), from €105,798 to €53,605
of which Trade receivables: -€52,568
- Cash +€38,675
up €38,675 (+8,956%), from €432 to €39,107
mainly Receivables within one year (+€52,193) and Stocks and contracts (+€16,715)
- Stocks and contracts -€16,715
down €16,715 (-21.1%), from €79,126 to €62,411
- Tangible fixed assets +€3,424
up €3,424 (+10.5%), from €32,486 to €35,910
of which Plant, machinery and equipment: +€12,611
- Trade debts -€17,254
down €17,254 (-41.2%), from €41,905 to €24,651
- Short-term financial debts -€10,575
down €10,575 (-17.5%), from €60,575 to €50,000
- Reserves +€8,487
up €8,487 (+30.7%), from €27,603 to €36,090
- Debts after one year -€6,302
down €6,302 (-41.3%), from €15,247 to €8,945
- Tax, wage and social debts -€3,364
down €3,364 (-18.7%), from €18,030 to €14,666
of which Taxes: -€3,629
- Financial charges -€3,444
down €3,444 (-38.7%), from €8,907 to €5,463
- Gross operating margin +€3,212
up €3,212 (+4.0%), from €80,772 to €83,985
- Depreciation -€2,478
down €2,478 (-14.1%), from €17,619 to €15,140
- Taxes +€2,155
up €2,155 (+64.3%), from €3,354 to €5,508
- Staff costs +€1,970
up €1,970 (+4.4%), from €45,154 to €47,124
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 | €221,461 | €194,436 | -€27,025 | -12.2% |
| Fixed assets | 21/28 | €35,319 | €38,136 | +€2,817 | +8.0% |
| Intangible fixed assets | 21 | €1,609 | €1,077 | -€532 | -33.1% |
| Tangible fixed assets | 22/27 | €32,486 | €35,910 | +€3,424 | +10.5% |
| Plant, machinery and equipment | 23 | €1,892 | €14,503 | +€12,611 | +667% |
| Furniture and vehicles | 24 | €4,561 | €2,837 | -€1,724 | -37.8% |
| Leasing and similar rights | 25 | €20,386 | €14,287 | -€6,099 | -29.9% |
| Other tangible fixed assets | 26 | €5,647 | €4,283 | -€1,364 | -24.2% |
| Financial fixed assets | 28 | €1,225 | €1,150 | -€75 | -6.1% |
| Current assets | 29/58 | €186,142 | €156,300 | -€29,842 | -16.0% |
| Stocks and contracts in progress | 3 | €79,126 | €62,411 | -€16,715 | -21.1% |
| Stocks | 30/36 | €79,126 | €62,411 | -€16,715 | -21.1% |
| Amounts receivable within one year | 40/41 | €105,798 | €53,605 | -€52,193 | -49.3% |
| Trade receivables | 40 | €105,798 | €53,230 | -€52,568 | -49.7% |
| Other amounts receivable | 41 | - | €374 | +€374 | |
| Cash at bank and in hand | 54/58 | €432 | €39,107 | +€38,675 | +8,956% |
| Deferred charges and accrued income | 490/1 | €786 | €1,177 | +€392 | +49.9% |
| Total equity and liabilities | 10/49 | €221,461 | €194,436 | -€27,025 | -12.2% |
| Equity | 10/15 | €64,643 | €73,130 | +€8,487 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,603 | €36,090 | +€8,487 | +30.7% |
| Distributable reserves | 133 | €27,603 | €36,090 | +€8,487 | +30.7% |
| Profit (loss) carried forward | 14 | €18,440 | €18,440 | = | 0.0% |
| Amounts payable | 17/49 | €156,818 | €121,306 | -€35,512 | -22.6% |
| Amounts payable after more than one year | 17 | €15,247 | €8,945 | -€6,302 | -41.3% |
| Financial debts | 170/4 | €15,247 | €8,945 | -€6,302 | -41.3% |
| Amounts payable within one year | 42/48 | €140,024 | €111,601 | -€28,423 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €6,821 | €7,146 | +€324 | +4.8% |
| Financial debts | 43 | €60,575 | €50,000 | -€10,575 | -17.5% |
| Credit institutions | 430/8 | €60,575 | €50,000 | -€10,575 | -17.5% |
| Trade debts | 44 | €41,905 | €24,651 | -€17,254 | -41.2% |
| Suppliers | 440/4 | €41,905 | €24,651 | -€17,254 | -41.2% |
| Taxes, remuneration and social security | 45 | €18,030 | €14,666 | -€3,364 | -18.7% |
| Taxes | 450/3 | €11,270 | €7,641 | -€3,629 | -32.2% |
| Remuneration and social security | 454/9 | €6,760 | €7,025 | +€265 | +3.9% |
| Other amounts payable | 47/48 | €12,692 | €15,138 | +€2,445 | +19.3% |
| Accrued charges and deferred income | 492/3 | €1,546 | €760 | -€786 | -50.8% |
| Remuneration, social security and pensions | 62 | €45,154 | €47,124 | +€1,970 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,619 | €15,140 | -€2,478 | -14.1% |
| Other operating charges | 640/8 | €2,034 | €2,272 | +€237 | +11.7% |
| Gross operating margin | 9900 | €80,772 | €83,985 | +€3,212 | +4.0% |
| Operating profit (loss) | 9901 | €15,965 | €19,449 | +€3,483 | +21.8% |
| Financial income | 75/76B | €30 | €10 | -€20 | -67.7% |
| Recurring financial income | 75 | €30 | €10 | -€20 | -67.7% |
| Financial charges | 65/66B | €8,907 | €5,463 | -€3,444 | -38.7% |
| Recurring financial charges | 65 | €8,907 | €5,463 | -€3,444 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €7,088 | €13,995 | +€6,907 | +97.4% |
| Income taxes | 67/77 | €3,354 | €5,508 | +€2,155 | +64.3% |
| Profit (loss) for the period | 9904 | €3,734 | €8,487 | +€4,752 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €3,734 | €8,487 | +€4,752 | +127% |
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 14 October 2026 via checked.be.