Securityland Projects: 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.
Securityland Projects
Largest movements
- Receivables within one year +€143,353
up €143,353 (+33.7%), from €425,914 to €569,267
of which Trade receivables: +€155,122
- Cash -€95,062
down €95,062 (-69.8%), from €136,259 to €41,197
mainly Receivables within one year (-€143,353) and Tax, wage and social debts (-€104,602)
- Deferred charges and accrued income -€17,401
down €17,401 (-59.6%), from €29,193 to €11,791
- Tangible fixed assets +€12,066
up €12,066 (+534.9%), from €2,256 to €14,321
- Trade debts +€190,617
up €190,617 (+98.3%), from €193,831 to €384,448
- Tax, wage and social debts -€104,602
down €104,602 (-44.6%), from €234,411 to €129,809
of which Taxes: -€52,320
- Profit (loss) carried forward -€58,288
down €58,288 (-27.2%), from -€214,567 to -€272,856
- Other debts +€20,426
up €20,426 (+10.9%), from €186,581 to €207,007
- Staff costs -€82,782
down €82,782 (-10.4%), from €794,254 to €711,472
- Gross operating margin +€81,548
up €81,548 (+13.5%), from €604,274 to €685,821
- Write-downs +€23,693
new in 2024: €23,693
- Financial charges -€8,847
down €8,847 (-69.5%), from €12,724 to €3,877
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €665,749 | €708,705 | +€42,955 | +6.5% |
| Fixed assets | 21/28 | €5,441 | €17,507 | +€12,066 | +221.8% |
| Tangible fixed assets | 22/27 | €2,256 | €14,321 | +€12,066 | +534.9% |
| Furniture and vehicles | 24 | €2,256 | €14,321 | +€12,066 | +534.9% |
| Financial fixed assets | 28 | €3,185 | €3,185 | = | 0.0% |
| Current assets | 29/58 | €660,309 | €691,198 | +€30,890 | +4.7% |
| Stocks and contracts in progress | 3 | €68,943 | €68,943 | = | 0.0% |
| Stocks | 30/36 | €68,943 | €68,943 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €425,914 | €569,267 | +€143,353 | +33.7% |
| Trade receivables | 40 | €381,583 | €536,705 | +€155,122 | +40.7% |
| Other amounts receivable | 41 | €44,331 | €32,562 | -€11,769 | -26.5% |
| Cash at bank and in hand | 54/58 | €136,259 | €41,197 | -€95,062 | -69.8% |
| Deferred charges and accrued income | 490/1 | €29,193 | €11,791 | -€17,401 | -59.6% |
| Total equity and liabilities | 10/49 | €665,749 | €708,705 | +€42,955 | +6.5% |
| Equity | 10/15 | €45,729 | -€12,560 | -€58,288 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €229,309 | €229,309 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,484 | €20,484 | = | 0.0% |
| Distributable reserves | 133 | €208,825 | €208,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,567 | -€272,856 | -€58,288 | -27.2% |
| Amounts payable | 17/49 | €620,021 | €721,265 | +€101,244 | +16.3% |
| Amounts payable within one year | 42/48 | €620,021 | €721,265 | +€101,244 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €5,197 | - | -€5,197 | |
| Trade debts | 44 | €193,831 | €384,448 | +€190,617 | +98.3% |
| Suppliers | 440/4 | €193,831 | €384,448 | +€190,617 | +98.3% |
| Taxes, remuneration and social security | 45 | €234,411 | €129,809 | -€104,602 | -44.6% |
| Taxes | 450/3 | €68,421 | €16,101 | -€52,320 | -76.5% |
| Remuneration and social security | 454/9 | €165,990 | €113,708 | -€52,282 | -31.5% |
| Other amounts payable | 47/48 | €186,581 | €207,007 | +€20,426 | +10.9% |
| Remuneration, social security and pensions | 62 | €794,254 | €711,472 | -€82,782 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,594 | €2,085 | -€5,508 | -72.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,693 | +€23,693 | |
| Other operating charges | 640/8 | €4,172 | €5,296 | +€1,125 | +27.0% |
| Non-recurring operating charges | 66A | - | €306 | +€306 | |
| Gross operating margin | 9900 | €604,274 | €685,821 | +€81,548 | +13.5% |
| Operating profit (loss) | 9901 | -€201,745 | -€57,031 | +€144,714 | +71.7% |
| Financial income | 75/76B | €674 | €3,146 | +€2,473 | +367.0% |
| Recurring financial income | 75 | €674 | €3,146 | +€2,473 | +367.0% |
| Financial charges | 65/66B | €12,724 | €3,877 | -€8,847 | -69.5% |
| Recurring financial charges | 65 | €12,724 | €3,877 | -€8,847 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€213,796 | -€57,762 | +€156,034 | +73.0% |
| Income taxes | 67/77 | €772 | €527 | -€245 | -31.8% |
| Profit (loss) for the period | 9904 | -€214,567 | -€58,288 | +€156,279 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€214,567 | -€58,288 | +€156,279 | +72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.