SECURY3: 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.
SECURY3
Largest movements
- Cash +€65,318
up €65,318 (+64.4%), from €101,427 to €166,745
mainly Net result for the year (+€87,770) and Trade debts (+€26,416)
- Receivables within one year +€47,505
up €47,505 (+207.4%), from €22,901 to €70,406
of which Trade receivables: +€52,403
- Intangible fixed assets +€28,947
new in 2024: €28,947
- Profit (loss) carried forward +€87,770
up €87,770 (+147.0%), from €59,688 to €147,458
- Trade debts +€26,416
up €26,416 (+103.0%), from €25,636 to €52,052
- Tax, wage and social debts +€25,383
up €25,383 (+101.3%), from €25,056 to €50,439
of which Taxes: +€25,384
- Gross operating margin +€95,045
up €95,045 (+188.1%), from €50,523 to €145,568
- Taxes +€24,009
up €24,009 (+147.7%), from €16,259 to €40,268
- Depreciation +€7,237
up €7,237 (+329.0%), from €2,200 to €9,437
- Financial income -€4,014
down €4,014 (-99.3%), from €4,041 to €27
of which Non-recurring financial income: -€3,977
- Staff costs +€3,973
up €3,973 (+189.8%), from €2,093 to €6,066
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 | €133,128 | €272,698 | +€139,570 | +104.8% |
| Fixed assets | 21/28 | €8,800 | €35,547 | +€26,747 | +303.9% |
| Intangible fixed assets | 21 | - | €28,947 | +€28,947 | |
| Tangible fixed assets | 22/27 | €8,800 | €6,600 | -€2,200 | -25.0% |
| Furniture and vehicles | 24 | €8,800 | €6,600 | -€2,200 | -25.0% |
| Current assets | 29/58 | €124,328 | €237,151 | +€112,823 | +90.7% |
| Amounts receivable within one year | 40/41 | €22,901 | €70,406 | +€47,505 | +207.4% |
| Trade receivables | 40 | €18,003 | €70,406 | +€52,403 | +291.1% |
| Other amounts receivable | 41 | €4,898 | - | -€4,898 | |
| Cash at bank and in hand | 54/58 | €101,427 | €166,745 | +€65,318 | +64.4% |
| Total equity and liabilities | 10/49 | €133,128 | €272,698 | +€139,570 | +104.8% |
| Equity | 10/15 | €74,688 | €162,458 | +€87,770 | +117.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,688 | €147,458 | +€87,770 | +147.0% |
| Amounts payable | 17/49 | €58,440 | €110,240 | +€51,800 | +88.6% |
| Amounts payable within one year | 42/48 | €58,440 | €110,240 | +€51,800 | +88.6% |
| Trade debts | 44 | €25,636 | €52,052 | +€26,416 | +103.0% |
| Suppliers | 440/4 | €25,636 | €52,052 | +€26,416 | +103.0% |
| Taxes, remuneration and social security | 45 | €25,056 | €50,439 | +€25,383 | +101.3% |
| Taxes | 450/3 | €16,259 | €41,643 | +€25,384 | +156.1% |
| Remuneration and social security | 454/9 | €8,797 | €8,796 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €7,748 | €7,749 | +€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €2,093 | €6,066 | +€3,973 | +189.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €9,437 | +€7,237 | +329.0% |
| Other operating charges | 640/8 | - | €1,566 | +€1,566 | |
| Gross operating margin | 9900 | €50,523 | €145,568 | +€95,045 | +188.1% |
| Operating profit (loss) | 9901 | €46,230 | €128,499 | +€82,269 | +178.0% |
| Financial income | 75/76B | €4,041 | €27 | -€4,014 | -99.3% |
| Recurring financial income | 75 | €64 | €27 | -€37 | -57.8% |
| Non-recurring financial income | 76B | €3,977 | - | -€3,977 | |
| Financial charges | 65/66B | €751 | €488 | -€263 | -35.0% |
| Recurring financial charges | 65 | €751 | €488 | -€263 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €49,520 | €128,038 | +€78,518 | +158.6% |
| Income taxes | 67/77 | €16,259 | €40,268 | +€24,009 | +147.7% |
| Profit (loss) for the period | 9904 | €33,261 | €87,770 | +€54,509 | +163.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,261 | €87,770 | +€54,509 | +163.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.