SECURY360: 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.
SECURY360
Largest movements
- Cash -€414,172
down €414,172 (-91.9%), from €450,803 to €36,631
mainly Net result for the year (-€934,630) and Investment in fixed assets (net) (-€330,599)
- Stocks and contracts -€177,944
down €177,944 (-63.3%), from €281,167 to €103,222
- Receivables within one year -€56,667
down €56,667 (-18.8%), from €300,668 to €244,001
of which Other amounts receivable: -€109,915
- Intangible fixed assets -€35,318
down €35,318 (-3.4%), from €1.0m to €1.0m
- Deferred charges and accrued income +€35,088
up €35,088 (+182%), from €19,298 to €54,387
- Profit (loss) carried forward -€934,630
down €934,630 (-78.3%), from -€1.2m to -€2.1m
- Short-term financial debts +€223,775
new in 2025: €223,775
- Trade debts +€96,902
up €96,902 (+186%), from €52,000 to €148,902
- Debts after one year -€34,032
down €34,032 (-100%), from €34,032 to €0
- Gross operating margin -€583,041
down €583,041, from €486,421 to -€96,620
- Staff costs +€175,683
up €175,683 (+63.9%), from €274,774 to €450,457
- Depreciation +€69,652
up €69,652 (+22.2%), from €313,267 to €382,919
- Taxes +€6,010
up €6,010 (+37.4%), from -€16,069 to -€10,059
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.
Derived cash bridge
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 | €2,145,191 | €1,479,175 | -€666,016 | -31.0% |
| Fixed assets | 21/28 | €1,093,255 | €1,040,934 | -€52,321 | -4.8% |
| Intangible fixed assets | 21 | €1,043,102 | €1,007,784 | -€35,318 | -3.4% |
| Tangible fixed assets | 22/27 | €50,153 | €33,150 | -€17,003 | -33.9% |
| Plant, machinery and equipment | 23 | €37,565 | €18,230 | -€19,335 | -51.5% |
| Furniture and vehicles | 24 | €12,589 | €14,920 | +€2,332 | +18.5% |
| Current assets | 29/58 | €1,051,936 | €438,241 | -€613,695 | -58.3% |
| Stocks and contracts in progress | 3 | €281,167 | €103,222 | -€177,944 | -63.3% |
| Stocks | 30/36 | €281,167 | €103,222 | -€177,944 | -63.3% |
| Amounts receivable within one year | 40/41 | €300,668 | €244,001 | -€56,667 | -18.8% |
| Trade receivables | 40 | €118,689 | €171,936 | +€53,247 | +44.9% |
| Other amounts receivable | 41 | €181,980 | €72,065 | -€109,915 | -60.4% |
| Cash at bank and in hand | 54/58 | €450,803 | €36,631 | -€414,172 | -91.9% |
| Deferred charges and accrued income | 490/1 | €19,298 | €54,387 | +€35,088 | +182% |
| Total equity and liabilities | 10/49 | €2,145,191 | €1,479,175 | -€666,016 | -31.0% |
| Equity | 10/15 | €1,924,158 | €989,528 | -€934,630 | -48.6% |
| Contributions | 10/11 | €3,117,400 | €3,117,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,193,242 | -€2,127,872 | -€934,630 | -78.3% |
| Amounts payable | 17/49 | €221,033 | €489,647 | +€268,614 | +122% |
| Amounts payable after more than one year | 17 | €34,032 | €0 | -€34,032 | -100% |
| Financial debts | 170/4 | €34,032 | €0 | -€34,032 | -100% |
| Amounts payable within one year | 42/48 | €166,516 | €480,950 | +€314,433 | +189% |
| Current portion of amounts payable after more than one year | 42 | €50,293 | €34,032 | -€16,262 | -32.3% |
| Financial debts | 43 | - | €223,775 | +€223,775 | |
| Credit institutions | 430/8 | - | €223,775 | +€223,775 | |
| Trade debts | 44 | €52,000 | €148,902 | +€96,902 | +186% |
| Suppliers | 440/4 | €52,000 | €148,902 | +€96,902 | +186% |
| Taxes, remuneration and social security | 45 | €62,791 | €72,691 | +€9,899 | +15.8% |
| Taxes | 450/3 | €5,587 | €7,290 | +€1,703 | +30.5% |
| Remuneration and social security | 454/9 | €57,204 | €65,401 | +€8,197 | +14.3% |
| Other amounts payable | 47/48 | €1,432 | €1,550 | +€119 | +8.3% |
| Accrued charges and deferred income | 492/3 | €20,485 | €8,698 | -€11,787 | -57.5% |
| Non-recurring operating income | 76A | - | €2,122 | +€2,122 | |
| Remuneration, social security and pensions | 62 | €274,774 | €450,457 | +€175,683 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,267 | €382,919 | +€69,652 | +22.2% |
| Other operating charges | 640/8 | €1,818 | €1,458 | -€359 | -19.8% |
| Non-recurring operating charges | 66A | €212,566 | €0 | -€212,566 | -100% |
| Gross operating margin | 9900 | €486,421 | -€96,620 | -€583,041 | |
| Operating profit (loss) | 9901 | -€316,004 | -€931,454 | -€615,451 | -195% |
| Financial income | 75/76B | €1,432 | €303 | -€1,128 | -78.8% |
| Recurring financial income | 75 | €1,432 | €303 | -€1,128 | -78.8% |
| Financial charges | 65/66B | €14,376 | €13,538 | -€837 | -5.8% |
| Recurring financial charges | 65 | €14,376 | €13,538 | -€837 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€328,947 | -€944,689 | -€615,742 | -187% |
| Income taxes | 67/77 | -€16,069 | -€10,059 | +€6,010 | +37.4% |
| Profit (loss) for the period | 9904 | -€312,878 | -€934,630 | -€621,752 | -199% |
| Profit (loss) for the period to be appropriated | 9905 | -€312,878 | -€934,630 | -€621,752 | -199% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.