SECURUM: 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.
SECURUM
Largest movements
- Deferred charges and accrued income +€4,223
up €4,223 (+264.3%), from €1,598 to €5,821
- Receivables within one year +€3,620
up €3,620 (+7.6%), from €47,660 to €51,281
of which Other amounts receivable: +€4,637
- Tangible fixed assets +€3,536
new in 2025: €3,536
- Cash -€1,381
down €1,381 (-74.1%), from €1,865 to €484
mainly Trade debts (-€9,154) and Deferred charges and accrued income (-€4,223)
- Tax, wage and social debts +€13,946
up €13,946 (+85.9%), from €16,232 to €30,178
of which Taxes: +€13,502
- Trade debts -€9,154
down €9,154 (-49.2%), from €18,608 to €9,454
- Short-term financial debts +€6,001
new in 2025: €6,001
- Other debts -€995
down €995 (-99.2%), from €1,003 to €8
- Gross operating margin +€27,368
up €27,368 (+15.8%), from €172,982 to €200,350
- Staff costs +€13,592
up €13,592 (+7.5%), from €180,452 to €194,044
- Taxes +€2,583
up €2,583 (+485.4%), from €532 to €3,115
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 | €51,732 | €61,730 | +€9,998 | +19.3% |
| Fixed assets | 21/28 | €609 | €4,145 | +€3,536 | +581.1% |
| Tangible fixed assets | 22/27 | - | €3,536 | +€3,536 | |
| Furniture and vehicles | 24 | - | €3,536 | +€3,536 | |
| Financial fixed assets | 28 | €609 | €609 | = | 0.0% |
| Current assets | 29/58 | €51,123 | €57,585 | +€6,462 | +12.6% |
| Amounts receivable within one year | 40/41 | €47,660 | €51,281 | +€3,620 | +7.6% |
| Trade receivables | 40 | €47,228 | €46,211 | -€1,017 | -2.2% |
| Other amounts receivable | 41 | €433 | €5,070 | +€4,637 | +1071.9% |
| Cash at bank and in hand | 54/58 | €1,865 | €484 | -€1,381 | -74.1% |
| Deferred charges and accrued income | 490/1 | €1,598 | €5,821 | +€4,223 | +264.3% |
| Total equity and liabilities | 10/49 | €51,732 | €61,730 | +€9,998 | +19.3% |
| Equity | 10/15 | €15,889 | €16,089 | +€200 | +1.3% |
| Contributions | 10/11 | €12,750 | €12,750 | = | 0.0% |
| Reserves | 13 | €8,014 | €8,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,175 | €2,175 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,175 | €2,175 | = | 0.0% |
| Distributable reserves | 133 | €5,839 | €5,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,875 | -€4,675 | +€200 | +4.1% |
| Amounts payable | 17/49 | €35,843 | €45,641 | +€9,798 | +27.3% |
| Amounts payable within one year | 42/48 | €35,843 | €45,641 | +€9,798 | +27.3% |
| Financial debts | 43 | - | €6,001 | +€6,001 | |
| Credit institutions | 430/8 | - | €6,001 | +€6,001 | |
| Trade debts | 44 | €18,608 | €9,454 | -€9,154 | -49.2% |
| Suppliers | 440/4 | €18,608 | €9,454 | -€9,154 | -49.2% |
| Taxes, remuneration and social security | 45 | €16,232 | €30,178 | +€13,946 | +85.9% |
| Taxes | 450/3 | €443 | €13,945 | +€13,502 | +3049.6% |
| Remuneration and social security | 454/9 | €15,789 | €16,233 | +€444 | +2.8% |
| Other amounts payable | 47/48 | €1,003 | €8 | -€995 | -99.2% |
| Remuneration, social security and pensions | 62 | €180,452 | €194,044 | +€13,592 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €592 | +€592 | |
| Other operating charges | 640/8 | €1,572 | €1,049 | -€523 | -33.3% |
| Gross operating margin | 9900 | €172,982 | €200,350 | +€27,368 | +15.8% |
| Operating profit (loss) | 9901 | -€9,043 | €4,665 | +€13,708 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +560.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +560.0% |
| Financial charges | 65/66B | €746 | €1,351 | +€605 | +81.2% |
| Recurring financial charges | 65 | €746 | €1,351 | +€605 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,788 | €3,315 | +€13,103 | |
| Income taxes | 67/77 | €532 | €3,115 | +€2,583 | +485.4% |
| Profit (loss) for the period | 9904 | -€10,320 | €200 | +€10,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,320 | €200 | +€10,520 |
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 5 October 2026 via checked.be.