TECHNICAL 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.
TECHNICAL SECURITY
Largest movements
- Receivables within one year +€4,019
up €4,019 (+1.9%), from €216,370 to €220,388
of which Other amounts receivable: +€3,854
- Other debts +€14,252
up €14,252 (+12.5%), from €114,219 to €128,471
- Profit (loss) carried forward -€13,020
down €13,020 (-46.9%), from €27,735 to €14,715
- Gross operating margin -€5,646
down €5,646 (-92.3%), from -€6,114 to -€11,760
- Depreciation -€551
no longer reported in 2025 (was €551)
- Financial income -€238
down €238 (-98.8%), from €241 to €3
- Financial charges +€141
up €141 (+57.0%), from €247 to €388
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 | €230,291 | €232,378 | +€2,086 | +0.9% |
| Current assets | 29/58 | €230,291 | €232,378 | +€2,086 | +0.9% |
| Amounts receivable within one year | 40/41 | €216,370 | €220,388 | +€4,019 | +1.9% |
| Trade receivables | 40 | €145,377 | €145,541 | +€164 | +0.1% |
| Other amounts receivable | 41 | €70,993 | €74,847 | +€3,854 | +5.4% |
| Cash at bank and in hand | 54/58 | €13,907 | €11,721 | -€2,186 | -15.7% |
| Deferred charges and accrued income | 490/1 | €15 | €269 | +€254 | +1689.7% |
| Total equity and liabilities | 10/49 | €230,291 | €232,378 | +€2,086 | +0.9% |
| Equity | 10/15 | €61,820 | €48,800 | -€13,020 | -21.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,735 | €14,715 | -€13,020 | -46.9% |
| Amounts payable | 17/49 | €168,471 | €183,578 | +€15,107 | +9.0% |
| Amounts payable within one year | 42/48 | €168,471 | €183,578 | +€15,107 | +9.0% |
| Trade debts | 44 | €51,531 | €52,386 | +€855 | +1.7% |
| Suppliers | 440/4 | €51,531 | €52,386 | +€855 | +1.7% |
| Taxes, remuneration and social security | 45 | €2,721 | €2,721 | = | 0.0% |
| Taxes | 450/3 | €2,721 | €2,721 | = | 0.0% |
| Other amounts payable | 47/48 | €114,219 | €128,471 | +€14,252 | +12.5% |
| Remuneration, social security and pensions | 62 | €211 | €186 | -€25 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | - | -€551 | |
| Other operating charges | 640/8 | €607 | €689 | +€82 | +13.5% |
| Gross operating margin | 9900 | -€6,114 | -€11,760 | -€5,646 | -92.3% |
| Operating profit (loss) | 9901 | -€7,483 | -€12,635 | -€5,151 | -68.8% |
| Financial income | 75/76B | €241 | €3 | -€238 | -98.8% |
| Recurring financial income | 75 | €241 | €3 | -€238 | -98.8% |
| Financial charges | 65/66B | €247 | €388 | +€141 | +57.0% |
| Recurring financial charges | 65 | €247 | €388 | +€141 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,489 | -€13,020 | -€5,531 | -73.8% |
| Profit (loss) for the period | 9904 | -€7,489 | -€13,020 | -€5,531 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,489 | -€13,020 | -€5,531 | -73.8% |
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 28 September 2026 via checked.be.