TEAM SECURITY: 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.
TEAM SECURITY
Largest movements
- Receivables within one year -€64,585
down €64,585 (-18.5%), from €348,212 to €283,627
of which Trade receivables: -€65,397
- Tangible fixed assets -€26,834
down €26,834 (-21.6%), from €124,346 to €97,512
of which Furniture and vehicles: -€21,771
- Cash +€16,760
up €16,760 (+306.9%), from €5,461 to €22,221
mainly Receivables within one year (+€64,585) and Tax, wage and social debts (+€63,944)
- Profit (loss) carried forward -€91,783
down €91,783 (-56.8%), from €161,730 to €69,948
- Tax, wage and social debts +€63,944
up €63,944 (+35.0%), from €182,627 to €246,572
of which Remuneration and social security: +€36,358
- Trade debts -€47,403
down €47,403 (-48.8%), from €97,230 to €49,827
- Gross operating margin -€118,623
down €118,623 (-34.5%), from €344,143 to €225,520
- Staff costs +€53,217
up €53,217 (+24.7%), from €215,833 to €269,050
- Taxes -€27,287
down €27,287 (-95.4%), from €28,613 to €1,326
- Other operating charges +€10,029
up €10,029 (+88.1%), from €11,387 to €21,416
- Depreciation +€7,183
up €7,183 (+47.7%), from €15,062 to €22,245
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 | €508,149 | €435,796 | -€72,353 | -14.2% |
| Fixed assets | 21/28 | €154,446 | €127,612 | -€26,834 | -17.4% |
| Tangible fixed assets | 22/27 | €124,346 | €97,512 | -€26,834 | -21.6% |
| Plant, machinery and equipment | 23 | €6,223 | €5,455 | -€768 | -12.3% |
| Furniture and vehicles | 24 | €65,428 | €43,656 | -€21,771 | -33.3% |
| Other tangible fixed assets | 26 | €52,695 | €48,401 | -€4,295 | -8.1% |
| Financial fixed assets | 28 | €30,100 | €30,100 | = | 0.0% |
| Current assets | 29/58 | €353,703 | €308,184 | -€45,519 | -12.9% |
| Amounts receivable within one year | 40/41 | €348,212 | €283,627 | -€64,585 | -18.5% |
| Trade receivables | 40 | €334,632 | €269,235 | -€65,397 | -19.5% |
| Other amounts receivable | 41 | €13,580 | €14,392 | +€812 | +6.0% |
| Cash at bank and in hand | 54/58 | €5,461 | €22,221 | +€16,760 | +306.9% |
| Deferred charges and accrued income | 490/1 | €30 | €2,337 | +€2,307 | +7680.8% |
| Total equity and liabilities | 10/49 | €508,149 | €435,796 | -€72,353 | -14.2% |
| Equity | 10/15 | €181,226 | €89,444 | -€91,783 | -50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €896 | €896 | = | 0.0% |
| Distributable reserves | 133 | €896 | €896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,730 | €69,948 | -€91,783 | -56.8% |
| Amounts payable | 17/49 | €326,923 | €346,352 | +€19,430 | +5.9% |
| Amounts payable within one year | 42/48 | €311,348 | €327,889 | +€16,541 | +5.3% |
| Trade debts | 44 | €97,230 | €49,827 | -€47,403 | -48.8% |
| Suppliers | 440/4 | €97,230 | €49,827 | -€47,403 | -48.8% |
| Taxes, remuneration and social security | 45 | €182,627 | €246,572 | +€63,944 | +35.0% |
| Taxes | 450/3 | €164,778 | €192,365 | +€27,587 | +16.7% |
| Remuneration and social security | 454/9 | €17,849 | €54,207 | +€36,358 | +203.7% |
| Other amounts payable | 47/48 | €31,490 | €31,490 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,575 | €18,464 | +€2,889 | +18.5% |
| Remuneration, social security and pensions | 62 | €215,833 | €269,050 | +€53,217 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,062 | €22,245 | +€7,183 | +47.7% |
| Other operating charges | 640/8 | €11,387 | €21,416 | +€10,029 | +88.1% |
| Gross operating margin | 9900 | €344,143 | €225,520 | -€118,623 | -34.5% |
| Operating profit (loss) | 9901 | €101,861 | -€87,191 | -€189,052 | |
| Financial income | 75/76B | €77 | €48 | -€29 | -37.2% |
| Recurring financial income | 75 | €77 | €48 | -€29 | -37.2% |
| Financial charges | 65/66B | €8,344 | €3,315 | -€5,029 | -60.3% |
| Recurring financial charges | 65 | €8,344 | €3,315 | -€5,029 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €93,594 | -€90,457 | -€184,051 | |
| Income taxes | 67/77 | €28,613 | €1,326 | -€27,287 | -95.4% |
| Profit (loss) for the period | 9904 | €64,981 | -€91,783 | -€156,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,981 | -€91,783 | -€156,764 |
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 2 October 2026 via checked.be.