SECURYCAM: 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.
SECURYCAM
Largest movements
- Receivables within one year +€88,613
up €88,613 (+156%), from €56,749 to €145,362
of which Other amounts receivable: +€88,939
- Tangible fixed assets +€42,980
up €42,980 (+31.4%), from €136,698 to €179,678
of which Furniture and vehicles: +€27,685
- Deferred charges and accrued income +€23,084
up €23,084 (+1,816%), from €1,271 to €24,356
- Cash +€17,907
up €17,907 (+16.7%), from €107,516 to €125,423
mainly Net result for the year (+€139,117) and Debts after one year (+€13,483)
- Reserves +€139,117
up €139,117 (+76.4%), from €182,119 to €321,236
- Debts after one year +€13,483
up €13,483 (+14.8%), from €91,362 to €104,845
- Tax, wage and social debts +€10,166
up €10,166 (+101%), from €10,108 to €20,274
of which Taxes: +€7,830
- Current portion of long-term debt +€4,912
up €4,912 (+90.1%), from €5,451 to €10,363
- Trade debts +€4,906
up €4,906 (+47.0%), from €10,444 to €15,350
- Gross operating margin +€55,322
up €55,322 (+30.4%), from €181,912 to €237,234
- Staff costs +€16,084
up €16,084 (+320%), from €5,030 to €21,113
- Taxes +€10,998
up €10,998 (+22.0%), from €50,093 to €61,091
- Depreciation +€5,453
up €5,453 (+149%), from €3,656 to €9,109
- Other operating charges +€2,450
up €2,450 (+185%), from €1,324 to €3,774
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 | €302,484 | €475,068 | +€172,584 | +57.1% |
| Fixed assets | 21/28 | €136,948 | €179,928 | +€42,980 | +31.4% |
| Tangible fixed assets | 22/27 | €136,698 | €179,678 | +€42,980 | +31.4% |
| Land and buildings | 22 | €133,203 | €148,497 | +€15,294 | +11.5% |
| Furniture and vehicles | 24 | €3,495 | €31,181 | +€27,685 | +792% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €165,536 | €295,140 | +€129,604 | +78.3% |
| Amounts receivable within one year | 40/41 | €56,749 | €145,362 | +€88,613 | +156% |
| Trade receivables | 40 | €31,968 | €31,642 | -€326 | -1.0% |
| Other amounts receivable | 41 | €24,781 | €113,720 | +€88,939 | +359% |
| Cash at bank and in hand | 54/58 | €107,516 | €125,423 | +€17,907 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,271 | €24,356 | +€23,084 | +1,816% |
| Total equity and liabilities | 10/49 | €302,484 | €475,068 | +€172,584 | +57.1% |
| Equity | 10/15 | €185,119 | €324,236 | +€139,117 | +75.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €182,119 | €321,236 | +€139,117 | +76.4% |
| Distributable reserves | 133 | €182,119 | €321,236 | +€139,117 | +76.4% |
| Amounts payable | 17/49 | €117,366 | €150,832 | +€33,467 | +28.5% |
| Amounts payable after more than one year | 17 | €91,362 | €104,845 | +€13,483 | +14.8% |
| Financial debts | 170/4 | €91,362 | €104,845 | +€13,483 | +14.8% |
| Amounts payable within one year | 42/48 | €26,004 | €45,987 | +€19,984 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €5,451 | €10,363 | +€4,912 | +90.1% |
| Trade debts | 44 | €10,444 | €15,350 | +€4,906 | +47.0% |
| Suppliers | 440/4 | €10,444 | €15,350 | +€4,906 | +47.0% |
| Taxes, remuneration and social security | 45 | €10,108 | €20,274 | +€10,166 | +101% |
| Taxes | 450/3 | €5,137 | €12,967 | +€7,830 | +152% |
| Remuneration and social security | 454/9 | €4,971 | €7,308 | +€2,336 | +47.0% |
| Non-recurring operating income | 76A | - | €3,084 | +€3,084 | |
| Remuneration, social security and pensions | 62 | €5,030 | €21,113 | +€16,084 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,656 | €9,109 | +€5,453 | +149% |
| Other operating charges | 640/8 | €1,324 | €3,774 | +€2,450 | +185% |
| Gross operating margin | 9900 | €181,912 | €237,234 | +€55,322 | +30.4% |
| Operating profit (loss) | 9901 | €171,902 | €203,238 | +€31,336 | +18.2% |
| Financial income | 75/76B | €1,765 | €3,957 | +€2,193 | +124% |
| Recurring financial income | 75 | €1,765 | €3,957 | +€2,193 | +124% |
| Financial charges | 65/66B | €5,817 | €6,986 | +€1,170 | +20.1% |
| Recurring financial charges | 65 | €5,817 | €6,986 | +€1,170 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €167,849 | €200,208 | +€32,359 | +19.3% |
| Income taxes | 67/77 | €50,093 | €61,091 | +€10,998 | +22.0% |
| Profit (loss) for the period | 9904 | €117,756 | €139,117 | +€21,361 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,756 | €139,117 | +€21,361 | +18.1% |
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 18 October 2026 via checked.be.