SFINX SECURITY: 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.
SFINX SECURITY
Largest movements
- Tangible fixed assets -€107,486
down €107,486 (-99.2%), from €108,308 to €822
of which Land and buildings: -€106,275
- Cash +€65,053
up €65,053 (+3991.9%), from €1,630 to €66,683
mainly Investment in fixed assets (net) (+€106,275) and Net result for the year (+€77,146)
- Receivables within one year -€16,185
down €16,185 (-28.8%), from €56,175 to €39,990
of which Other amounts receivable: -€24,724
- Debts after one year -€107,222
no longer reported in 2025 (was €107,222)
- Profit (loss) carried forward +€77,146
up €77,146 (+94.5%), from -€81,611 to -€4,465
- Short-term financial debts -€24,473
no longer reported in 2025 (was €24,473)
- Current portion of long-term debt -€13,255
down €13,255 (-68.5%), from €19,350 to €6,095
- Tax, wage and social debts +€9,236
up €9,236 (+19.3%), from €47,734 to €56,970
of which Taxes: +€13,274
- Gross operating margin +€144,325
up €144,325 (+75.2%), from €192,039 to €336,364
- Other operating charges +€30,654
up €30,654 (+3076.4%), from €996 to €31,650
- Taxes +€14,525
up €14,525 (+2896.5%), from €501 to €15,026
- Depreciation -€6,843
down €6,843 (-85.0%), from €8,054 to €1,211
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 | €168,800 | €111,203 | -€57,597 | -34.1% |
| Fixed assets | 21/28 | €109,821 | €2,335 | -€107,486 | -97.9% |
| Tangible fixed assets | 22/27 | €108,308 | €822 | -€107,486 | -99.2% |
| Land and buildings | 22 | €106,275 | - | -€106,275 | |
| Plant, machinery and equipment | 23 | €294 | - | -€294 | |
| Furniture and vehicles | 24 | €1,739 | €822 | -€917 | -52.7% |
| Financial fixed assets | 28 | €1,513 | €1,513 | = | 0.0% |
| Current assets | 29/58 | €58,980 | €108,868 | +€49,889 | +84.6% |
| Amounts receivable within one year | 40/41 | €56,175 | €39,990 | -€16,185 | -28.8% |
| Trade receivables | 40 | €31,452 | €39,990 | +€8,539 | +27.1% |
| Other amounts receivable | 41 | €24,724 | - | -€24,724 | |
| Cash at bank and in hand | 54/58 | €1,630 | €66,683 | +€65,053 | +3991.9% |
| Deferred charges and accrued income | 490/1 | €1,175 | €2,195 | +€1,021 | +86.9% |
| Total equity and liabilities | 10/49 | €168,800 | €111,203 | -€57,597 | -34.1% |
| Equity | 10/15 | -€72,183 | €4,963 | +€77,146 | |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €129 | €129 | = | 0.0% |
| Non-distributable reserves | 130/1 | €129 | €129 | = | 0.0% |
| Other | 1319 | €129 | €129 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,611 | -€4,465 | +€77,146 | +94.5% |
| Amounts payable | 17/49 | €240,983 | €106,240 | -€134,743 | -55.9% |
| Amounts payable after more than one year | 17 | €107,222 | - | -€107,222 | |
| Financial debts | 170/4 | €107,222 | - | -€107,222 | |
| Amounts payable within one year | 42/48 | €133,761 | €103,937 | -€29,824 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €19,350 | €6,095 | -€13,255 | -68.5% |
| Financial debts | 43 | €24,473 | - | -€24,473 | |
| Credit institutions | 430/8 | €24,473 | - | -€24,473 | |
| Trade debts | 44 | €42,204 | €36,532 | -€5,673 | -13.4% |
| Suppliers | 440/4 | €42,204 | €36,532 | -€5,673 | -13.4% |
| Taxes, remuneration and social security | 45 | €47,734 | €56,970 | +€9,236 | +19.3% |
| Taxes | 450/3 | €19,355 | €32,629 | +€13,274 | +68.6% |
| Remuneration and social security | 454/9 | €28,379 | €24,341 | -€4,038 | -14.2% |
| Other amounts payable | 47/48 | - | €4,340 | +€4,340 | |
| Accrued charges and deferred income | 492/3 | - | €2,303 | +€2,303 | |
| Non-recurring operating income | 76A | - | €128,725 | +€128,725 | |
| Remuneration, social security and pensions | 62 | €200,925 | €202,044 | +€1,119 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,054 | €1,211 | -€6,843 | -85.0% |
| Other operating charges | 640/8 | €996 | €31,650 | +€30,654 | +3076.4% |
| Gross operating margin | 9900 | €192,039 | €336,364 | +€144,325 | +75.2% |
| Operating profit (loss) | 9901 | -€17,937 | €101,459 | +€119,395 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +2100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2100.0% |
| Financial charges | 65/66B | €9,904 | €9,287 | -€618 | -6.2% |
| Recurring financial charges | 65 | €9,904 | €9,287 | -€618 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,841 | €92,172 | +€120,013 | |
| Income taxes | 67/77 | €501 | €15,026 | +€14,525 | +2896.5% |
| Profit (loss) for the period | 9904 | -€28,342 | €77,146 | +€105,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,342 | €77,146 | +€105,488 |
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 10 October 2026 via checked.be.