Seegle Security: what changed
What changed
Seegle Security
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€23,571
2024 · €54,318-€30,746
Equity
€399,233
2024 · €432,753-€33,520
Cash
€168,429
2024 · €234,708-€66,278
Balance sheet total
€770,422
2024 · €821,724-€51,302
Largest movements
Assets
- Cash -€66,278
down €66,278 (-28.2%), from €234,708 to €168,429
mainly Investment in fixed assets (net) (-€82,181) and Contributions, distributions and other (-€57,092)
- Stocks and contracts +€9,215
up €9,215 (+5.1%), from €179,781 to €188,996
- Intangible fixed assets +€9,211
new in 2025: €9,211
- Receivables within one year -€8,827
down €8,827 (-8.1%), from €108,643 to €99,815
of which Trade receivables: -€16,288
Equity and liabilities
- Debts after one year -€43,597
down €43,597 (-26.1%), from €166,985 to €123,389
of which Other amounts payable: -€39,219
- Reserves -€33,520
down €33,520 (-8.7%), from €383,175 to €349,654
- Advances received +€14,340
up €14,340 (+174%), from €8,250 to €22,590
- Other debts -€13,122
down €13,122 (-97.3%), from €13,492 to €370
- Current portion of long-term debt +€10,841
up €10,841 (+24.8%), from €43,733 to €54,574
Income statement
- Staff costs +€86,409
up €86,409 (+22.8%), from €379,035 to €465,445
- Gross operating margin +€57,579
up €57,579 (+11.2%), from €512,002 to €569,581
- Depreciation +€15,206
up €15,206 (+29.6%), from €51,348 to €66,554
- Write-downs -€7,627
new in 2025: -€7,627
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,318
Gross operating margin
+€57,579
Staff costs
-€86,409
Depreciation
-€15,206
Write-downs
+€7,627
Other operating charges
+€229
Financial income
-€868
Financial charges
+€2,413
Taxes
+€3,888
Result 2025
€23,571
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€100,751
Investment
-€82,181
Financing
-€84,847
Cash 2024
€234,708
From operations (derived)
+€100,751
Net result for the year
+€23,571
Depreciation
+€66,554
Stocks and contracts
-€9,215
Receivables within one year
+€8,827
Deferred charges and accrued income
+€1,038
Trade debts
-€1,909
Tax, wage and social debts
+€10,666
Advances received
+€14,340
Other debts
-€13,122
Investment (derived)
-€82,181
Investment in fixed assets (net)
-€82,181
Financing
-€84,847
Debts after one year
-€43,597
Current portion of long-term debt
+€10,841
Short-term financial debts
+€5,000
Contributions, distributions and other
-€57,092
Cash 2025
€168,429
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €821,724 | €770,422 | -€51,302 | -6.2% |
| Fixed assets | 21/28 | €295,771 | €311,398 | +€15,628 | +5.3% |
| Intangible fixed assets | 21 | - | €9,211 | +€9,211 | |
| Tangible fixed assets | 22/27 | €295,771 | €302,187 | +€6,416 | +2.2% |
| Land and buildings | 22 | €151,200 | €136,800 | -€14,400 | -9.5% |
| Plant, machinery and equipment | 23 | €18,985 | €19,239 | +€254 | +1.3% |
| Furniture and vehicles | 24 | €93,504 | €117,774 | +€24,270 | +26.0% |
| Other tangible fixed assets | 26 | €32,082 | €28,374 | -€3,707 | -11.6% |
| Current assets | 29/58 | €525,953 | €459,024 | -€66,929 | -12.7% |
| Stocks and contracts in progress | 3 | €179,781 | €188,996 | +€9,215 | +5.1% |
| Stocks | 30/36 | €179,781 | €188,996 | +€9,215 | +5.1% |
| Amounts receivable within one year | 40/41 | €108,643 | €99,815 | -€8,827 | -8.1% |
| Trade receivables | 40 | €102,236 | €85,948 | -€16,288 | -15.9% |
| Other amounts receivable | 41 | €6,407 | €13,868 | +€7,461 | +116% |
| Cash at bank and in hand | 54/58 | €234,708 | €168,429 | -€66,278 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,821 | €1,783 | -€1,038 | -36.8% |
| Total equity and liabilities | 10/49 | €821,724 | €770,422 | -€51,302 | -6.2% |
| Equity | 10/15 | €432,753 | €399,233 | -€33,520 | -7.7% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €383,175 | €349,654 | -€33,520 | -8.7% |
| Distributable reserves | 133 | €383,175 | €349,654 | -€33,520 | -8.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €388,971 | €371,189 | -€17,781 | -4.6% |
| Amounts payable after more than one year | 17 | €166,985 | €123,389 | -€43,597 | -26.1% |
| Financial debts | 170/4 | €127,766 | €123,389 | -€4,377 | -3.4% |
| Other amounts payable | 178/9 | €39,219 | €0 | -€39,219 | -100% |
| Amounts payable within one year | 42/48 | €221,985 | €247,801 | +€25,815 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €43,733 | €54,574 | +€10,841 | +24.8% |
| Financial debts | 43 | €5,000 | €10,000 | +€5,000 | +100% |
| Credit institutions | 430/8 | €5,000 | €0 | -€5,000 | -100% |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €87,730 | €85,821 | -€1,909 | -2.2% |
| Suppliers | 440/4 | €87,730 | €85,821 | -€1,909 | -2.2% |
| Advances received on contracts in progress | 46 | €8,250 | €22,590 | +€14,340 | +174% |
| Taxes, remuneration and social security | 45 | €63,781 | €74,446 | +€10,666 | +16.7% |
| Taxes | 450/3 | €10,238 | €11,580 | +€1,342 | +13.1% |
| Remuneration and social security | 454/9 | €53,543 | €62,866 | +€9,323 | +17.4% |
| Other amounts payable | 47/48 | €13,492 | €370 | -€13,122 | -97.3% |
| Remuneration, social security and pensions | 62 | €379,035 | €465,445 | +€86,409 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,348 | €66,554 | +€15,206 | +29.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,627 | -€7,627 | |
| Other operating charges | 640/8 | €7,084 | €6,855 | -€229 | -3.2% |
| Gross operating margin | 9900 | €512,002 | €569,581 | +€57,579 | +11.2% |
| Operating profit (loss) | 9901 | €74,535 | €38,355 | -€36,180 | -48.5% |
| Financial income | 75/76B | €5,792 | €4,925 | -€868 | -15.0% |
| Recurring financial income | 75 | €5,792 | €4,925 | -€868 | -15.0% |
| Financial charges | 65/66B | €9,220 | €6,807 | -€2,413 | -26.2% |
| Recurring financial charges | 65 | €9,220 | €6,807 | -€2,413 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €71,107 | €36,472 | -€34,635 | -48.7% |
| Income taxes | 67/77 | €16,789 | €12,900 | -€3,888 | -23.2% |
| Profit (loss) for the period | 9904 | €54,318 | €23,571 | -€30,746 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,318 | €23,571 | -€30,746 | -56.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.