SECURITY TOOLS: 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 TOOLS
Largest movements
- Tangible fixed assets -€47,980
down €47,980 (-71.6%), from €67,004 to €19,024
- Cash +€39,295
up €39,295 (+195.6%), from €20,094 to €59,390
mainly Depreciation (+€47,980) and Net result for the year (+€20,225)
- Deferred charges and accrued income +€36,187
up €36,187 (+2878.9%), from €1,257 to €37,444
- Stocks and contracts -€5,986
down €5,986 (-7.4%), from €81,266 to €75,281
- Profit (loss) carried forward +€20,225
up €20,225 (+7.5%), from -€268,745 to -€248,520
- Trade debts -€10,042
down €10,042 (-20.7%), from €48,559 to €38,517
- Tax, wage and social debts +€9,054
up €9,054 (+145.7%), from €6,215 to €15,268
- Gross operating margin +€191,651
up €191,651, from -€123,408 to €68,243
- Other operating charges -€1,572
down €1,572 (-93.4%), from €1,683 to €111
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 | €253,492 | €272,730 | +€19,237 | +7.6% |
| Fixed assets | 21/28 | €67,004 | €19,024 | -€47,980 | -71.6% |
| Tangible fixed assets | 22/27 | €67,004 | €19,024 | -€47,980 | -71.6% |
| Plant, machinery and equipment | 23 | €67,004 | €19,024 | -€47,980 | -71.6% |
| Current assets | 29/58 | €186,489 | €253,706 | +€67,217 | +36.0% |
| Stocks and contracts in progress | 3 | €81,266 | €75,281 | -€5,986 | -7.4% |
| Stocks | 30/36 | €81,266 | €75,281 | -€5,986 | -7.4% |
| Amounts receivable within one year | 40/41 | €83,871 | €81,592 | -€2,279 | -2.7% |
| Trade receivables | 40 | €34,290 | €73,582 | +€39,292 | +114.6% |
| Other amounts receivable | 41 | €49,582 | €8,010 | -€41,571 | -83.8% |
| Cash at bank and in hand | 54/58 | €20,094 | €59,390 | +€39,295 | +195.6% |
| Deferred charges and accrued income | 490/1 | €1,257 | €37,444 | +€36,187 | +2878.9% |
| Total equity and liabilities | 10/49 | €253,492 | €272,730 | +€19,237 | +7.6% |
| Equity | 10/15 | €198,719 | €218,944 | +€20,225 | +10.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €448,914 | €448,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €447,059 | €447,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,745 | -€248,520 | +€20,225 | +7.5% |
| Amounts payable | 17/49 | €54,773 | €53,785 | -€988 | -1.8% |
| Amounts payable within one year | 42/48 | €54,773 | €53,785 | -€988 | -1.8% |
| Trade debts | 44 | €48,559 | €38,517 | -€10,042 | -20.7% |
| Suppliers | 440/4 | €48,559 | €38,517 | -€10,042 | -20.7% |
| Taxes, remuneration and social security | 45 | €6,215 | €15,268 | +€9,054 | +145.7% |
| Taxes | 450/3 | €6,215 | €15,268 | +€9,054 | +145.7% |
| Non-recurring operating income | 76A | - | €4,236 | +€4,236 | |
| Remuneration, social security and pensions | 62 | €2,855 | €2,367 | -€488 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,172 | €47,980 | -€192 | -0.4% |
| Other operating charges | 640/8 | €1,683 | €111 | -€1,572 | -93.4% |
| Gross operating margin | 9900 | -€123,408 | €68,243 | +€191,651 | |
| Operating profit (loss) | 9901 | -€176,118 | €17,785 | +€193,903 | |
| Financial income | 75/76B | €3,945 | €4,986 | +€1,041 | +26.4% |
| Recurring financial income | 75 | €3,945 | €4,986 | +€1,041 | +26.4% |
| Financial charges | 65/66B | €1,072 | €2,223 | +€1,151 | +107.4% |
| Recurring financial charges | 65 | €1,072 | €2,223 | +€1,151 | +107.4% |
| Profit (loss) for the period before taxes | 9903 | -€173,245 | €20,548 | +€193,793 | |
| Income taxes | 67/77 | €349 | €323 | -€26 | -7.4% |
| Profit (loss) for the period | 9904 | -€173,594 | €20,225 | +€193,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€173,594 | €20,225 | +€193,819 |
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 8 October 2026 via checked.be.