Stéphane Security Systems: what changed
Two fiscal 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.
Stéphane Security Systems
Largest movements
- Receivables within one year +€51,756
up €51,756 (+145.6%), from €35,537 to €87,293
of which Trade receivables: +€42,615
- Tangible fixed assets -€7,945
down €7,945 (-11.9%), from €66,956 to €59,011
of which Land and buildings: -€4,038
- Other debts +€42,571
up €42,571 (+31.2%), from €136,317 to €178,888
- Trade debts +€12,604
up €12,604 (+67.5%), from €18,683 to €31,286
- Debts after one year -€8,272
down €8,272 (-30.1%), from €27,463 to €19,191
- Tax, wage and social debts -€5,340
no longer reported in 2025 (was €5,340)
- Reserves +€4,913
up €4,913 (+2.4%), from €204,945 to €209,858
- Gross operating margin -€32,033
down €32,033 (-64.1%), from €49,956 to €17,923
- Taxes -€8,807
down €8,807 (-77.9%), from €11,309 to €2,502
- Financial charges -€2,056
down €2,056 (-65.6%), from €3,133 to €1,078
- Financial income -€2,035
down €2,035 (-98.9%), from €2,058 to €23
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 | €407,365 | €454,721 | +€47,356 | +11.6% |
| Fixed assets | 21/28 | €66,956 | €59,011 | -€7,945 | -11.9% |
| Tangible fixed assets | 22/27 | €66,956 | €59,011 | -€7,945 | -11.9% |
| Land and buildings | 22 | €60,577 | €56,538 | -€4,038 | -6.7% |
| Furniture and vehicles | 24 | €6,379 | €2,472 | -€3,907 | -61.2% |
| Current assets | 29/58 | €340,409 | €395,710 | +€55,301 | +16.2% |
| Stocks and contracts in progress | 3 | €5,693 | €6,283 | +€589 | +10.4% |
| Stocks | 30/36 | €5,693 | €6,283 | +€589 | +10.4% |
| Amounts receivable within one year | 40/41 | €35,537 | €87,293 | +€51,756 | +145.6% |
| Trade receivables | 40 | €21,771 | €64,386 | +€42,615 | +195.7% |
| Other amounts receivable | 41 | €13,766 | €22,907 | +€9,141 | +66.4% |
| Cash at bank and in hand | 54/58 | €296,799 | €300,257 | +€3,458 | +1.2% |
| Deferred charges and accrued income | 490/1 | €2,379 | €1,877 | -€502 | -21.1% |
| Total equity and liabilities | 10/49 | €407,365 | €454,721 | +€47,356 | +11.6% |
| Equity | 10/15 | €211,445 | €216,358 | +€4,913 | +2.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €204,945 | €209,858 | +€4,913 | +2.4% |
| Distributable reserves | 133 | €204,945 | €209,858 | +€4,913 | +2.4% |
| Amounts payable | 17/49 | €195,920 | €238,363 | +€42,444 | +21.7% |
| Amounts payable after more than one year | 17 | €27,463 | €19,191 | -€8,272 | -30.1% |
| Financial debts | 170/4 | €27,463 | €19,191 | -€8,272 | -30.1% |
| Amounts payable within one year | 42/48 | €168,457 | €218,446 | +€49,989 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €8,118 | €8,272 | +€154 | +1.9% |
| Trade debts | 44 | €18,683 | €31,286 | +€12,604 | +67.5% |
| Suppliers | 440/4 | €18,683 | €31,286 | +€12,604 | +67.5% |
| Taxes, remuneration and social security | 45 | €5,340 | - | -€5,340 | |
| Taxes | 450/3 | €5,340 | - | -€5,340 | |
| Other amounts payable | 47/48 | €136,317 | €178,888 | +€42,571 | +31.2% |
| Accrued charges and deferred income | 492/3 | - | €727 | +€727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,971 | €7,945 | -€26 | -0.3% |
| Other operating charges | 640/8 | €327 | €335 | +€8 | +2.6% |
| Non-recurring operating charges | 66A | - | €1,173 | +€1,173 | |
| Gross operating margin | 9900 | €49,956 | €17,923 | -€32,033 | -64.1% |
| Operating profit (loss) | 9901 | €41,658 | €8,469 | -€33,189 | -79.7% |
| Financial income | 75/76B | €2,058 | €23 | -€2,035 | -98.9% |
| Recurring financial income | 75 | €2,058 | €23 | -€2,035 | -98.9% |
| Financial charges | 65/66B | €3,133 | €1,078 | -€2,056 | -65.6% |
| Recurring financial charges | 65 | €3,133 | €1,078 | -€2,056 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €40,583 | €7,414 | -€33,169 | -81.7% |
| Income taxes | 67/77 | €11,309 | €2,502 | -€8,807 | -77.9% |
| Profit (loss) for the period | 9904 | €29,274 | €4,913 | -€24,362 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,274 | €4,913 | -€24,362 | -83.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.