Securityland Holding: what changed
What changed
Securityland Holding
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€348,581
2022 · €31,882-€380,463
Equity
€771,560
2022 · €995,141-€223,581
Cash
€12,754
2022 · €19,129-€6,375
Balance sheet total
€1.3m
2022 · €2.3m-€1.0m
Largest movements
Assets
- Financial fixed assets -€1.3m
down €1.3m (-57.3%), from €2.2m to €933,978
- Receivables within one year +€235,641
up €235,641 (+235%), from €100,244 to €335,886
of which Other amounts receivable: +€225,989
Equity and liabilities
- Debts after one year -€709,430
no longer reported in 2023 (was €709,430)
of which Other amounts payable: -€438,383
- Reserves -€348,581
down €348,581 (-51.9%), from €671,141 to €322,560
of which Distributable reserves: -€351,273
- Trade debts +€142,680
up €142,680 (+111%), from €128,468 to €271,148
- Advances received -€129,647
no longer reported in 2023 (was €129,647)
- Current portion of long-term debt -€128,849
down €128,849 (-97.2%), from €132,584 to €3,735
Income statement
- Financial charges +€361,635
up €361,635 (+3,484%), from €10,379 to €372,013
of which Non-recurring financial charges: +€369,000
- Financial income -€37,728
down €37,728 (-89.4%), from €42,201 to €4,474
- Staff costs -€29,228
down €29,228 (-21.0%), from €139,462 to €110,234
- Gross operating margin -€12,516
down €12,516 (-8.2%), from €153,287 to €140,771
- Taxes +€8,805
up €8,805 (+423%), from €2,081 to €10,886
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
€31,882
Gross operating margin
-€12,516
Staff costs
+€29,228
Depreciation
+€3,950
Other operating charges
+€7,043
Financial income
-€37,728
Financial charges
-€361,635
Taxes
-€8,805
Result 2023
-€348,581
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€546,114
Investment
+€1.3m
Financing
-€713,279
Cash 2022
€19,129
From operations (derived)
-€546,114
Net result for the year
-€348,581
Receivables within one year
-€235,641
Deferred charges and accrued income
-€1,950
Trade debts
+€142,680
Tax, wage and social debts
-€17,617
Advances received
-€129,647
Other debts
+€44,642
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Current investments
-€2,692
Financing
-€713,279
Debts after one year
-€709,430
Current portion of long-term debt
-€128,849
Contributions, distributions and other
+€125,000
Cash 2023
€12,754
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,309,061 | €1,287,259 | -€1.0m | -44.3% |
| Fixed assets | 21/28 | €2,189,688 | €933,978 | -€1.3m | -57.3% |
| Tangible fixed assets | 22/27 | €2,327 | - | -€2,327 | |
| Furniture and vehicles | 24 | €2,327 | - | -€2,327 | |
| Financial fixed assets | 28 | €2,187,361 | €933,978 | -€1.3m | -57.3% |
| Current assets | 29/58 | €119,373 | €353,281 | +€233,908 | +196% |
| Amounts receivable within one year | 40/41 | €100,244 | €335,886 | +€235,641 | +235% |
| Trade receivables | 40 | €45,528 | €55,180 | +€9,653 | +21.2% |
| Other amounts receivable | 41 | €54,717 | €280,706 | +€225,989 | +413% |
| Current investments | 50/53 | - | €2,692 | +€2,692 | |
| Cash at bank and in hand | 54/58 | €19,129 | €12,754 | -€6,375 | -33.3% |
| Deferred charges and accrued income | 490/1 | - | €1,950 | +€1,950 | |
| Total equity and liabilities | 10/49 | €2,309,061 | €1,287,259 | -€1.0m | -44.3% |
| Equity | 10/15 | €995,141 | €771,560 | -€223,581 | -22.5% |
| Contributions | 10/11 | €324,000 | €449,000 | +€125,000 | +38.6% |
| Capital | 10 | €324,000 | €449,000 | +€125,000 | +38.6% |
| Issued capital | 100 | €449,000 | €449,000 | = | 0.0% |
| Uncalled capital | 101 | €125,000 | - | -€125,000 | |
| Reserves | 13 | €671,141 | €322,560 | -€348,581 | -51.9% |
| Non-distributable reserves | 130/1 | €4,956 | €7,647 | +€2,692 | +54.3% |
| Legal reserve | 130 | €1,595 | €1,595 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,361 | €6,052 | +€2,692 | +80.1% |
| Distributable reserves | 133 | €666,185 | €314,913 | -€351,273 | -52.7% |
| Amounts payable | 17/49 | €1,313,920 | €515,699 | -€798,221 | -60.8% |
| Amounts payable after more than one year | 17 | €709,430 | - | -€709,430 | |
| Financial debts | 170/4 | €271,047 | - | -€271,047 | |
| Other amounts payable | 178/9 | €438,383 | - | -€438,383 | |
| Amounts payable within one year | 42/48 | €604,490 | €515,699 | -€88,791 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €132,584 | €3,735 | -€128,849 | -97.2% |
| Trade debts | 44 | €128,468 | €271,148 | +€142,680 | +111% |
| Suppliers | 440/4 | €128,468 | €271,148 | +€142,680 | +111% |
| Advances received on contracts in progress | 46 | €129,647 | - | -€129,647 | |
| Taxes, remuneration and social security | 45 | €43,639 | €26,021 | -€17,617 | -40.4% |
| Taxes | 450/3 | €27,052 | €14,355 | -€12,697 | -46.9% |
| Remuneration and social security | 454/9 | €16,587 | €11,666 | -€4,921 | -29.7% |
| Other amounts payable | 47/48 | €170,153 | €214,795 | +€44,642 | +26.2% |
| Non-recurring operating income | 76A | - | €92,673 | +€92,673 | |
| Remuneration, social security and pensions | 62 | €139,462 | €110,234 | -€29,228 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,950 | - | -€3,950 | |
| Other operating charges | 640/8 | €7,735 | €692 | -€7,043 | -91.1% |
| Gross operating margin | 9900 | €153,287 | €140,771 | -€12,516 | -8.2% |
| Operating profit (loss) | 9901 | €2,140 | €29,844 | +€27,704 | +1,295% |
| Financial income | 75/76B | €42,201 | €4,474 | -€37,728 | -89.4% |
| Recurring financial income | 75 | €42,201 | €4,474 | -€37,728 | -89.4% |
| Financial charges | 65/66B | €10,379 | €372,013 | +€361,635 | +3,484% |
| Recurring financial charges | 65 | €10,379 | €3,013 | -€7,365 | -71.0% |
| Non-recurring financial charges | 66B | - | €369,000 | +€369,000 | |
| Profit (loss) for the period before taxes | 9903 | €33,963 | -€337,695 | -€371,658 | |
| Income taxes | 67/77 | €2,081 | €10,886 | +€8,805 | +423% |
| Profit (loss) for the period | 9904 | €31,882 | -€348,581 | -€380,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,882 | -€348,581 | -€380,463 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.