TECHNICAL SECURITY SYSTEMS: 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.
What changed
TECHNICAL SECURITY SYSTEMS
NACE 80.090, Investigation and security activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€414,452
2024 · €316,338+€98,114
Equity
€602,653
2024 · €1.5m-€885,548
Cash
€125,097
2024 · €38,008+€87,090
Balance sheet total
€3.3m
2024 · €2.8m+€455,802
Largest movements
Assets
- Receivables within one year +€327,288
up €327,288 (+18.3%), from €1.8m to €2.1m
of which Other amounts receivable: +€231,009
- Cash +€87,090
up €87,090 (+229.1%), from €38,008 to €125,097
mainly Other debts (+€1.3m) and Net result for the year (+€414,452)
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+5315.9%), from €24,003 to €1.3m
- Profit (loss) carried forward -€936,038
down €936,038 (-95.6%), from €979,352 to €43,313
- Reserves +€50,490
up €50,490 (+10.3%), from €490,250 to €540,740
of which Tax-exempt reserves: +€290,490
- Trade debts +€48,380
up €48,380 (+10.0%), from €483,991 to €532,371
Income statement
- Gross operating margin +€148,724
up €148,724 (+12.6%), from €1.2m to €1.3m
- Write-downs -€60,945
down €60,945 (-97.6%), from €62,449 to €1,504
- Staff costs +€45,814
up €45,814 (+7.6%), from €599,099 to €644,913
- Taxes +€41,724
up €41,724 (+40.0%), from €104,439 to €146,164
- Depreciation +€14,977
up €14,977 (+25.0%), from €60,013 to €74,989
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.
Result 2024
€316,338
Gross operating margin
+€148,724
Staff costs
-€45,814
Depreciation
-€14,977
Write-downs
+€60,945
Other operating charges
-€3,188
Financial income
+€1,543
Financial charges
-€7,395
Taxes
-€41,724
Result 2025
€414,452
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.
From operations
+€1.5m
Investment
-€115,609
Financing
-€1.3m
Cash 2024
€38,008
From operations (derived)
+€1.5m
Net result for the year
+€414,452
Depreciation
+€74,989
Stocks and contracts
+€3,237
Receivables within one year
-€327,288
Deferred charges and accrued income
-€4,041
Trade debts
+€48,380
Tax, wage and social debts
+€5,392
Other debts
+€1.3m
Investment (derived)
-€115,609
Investment in fixed assets (net)
-€115,609
Financing
-€1.3m
Debts after one year
-€12,610
Current portion of long-term debt
+€12,192
Short-term financial debts
+€12,000
Contributions, distributions and other
-€1.3m
Cash 2025
€125,097
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,809,218 | €3,265,020 | +€455,802 | +16.2% |
| Fixed assets | 21/28 | €873,046 | €913,666 | +€40,620 | +4.7% |
| Intangible fixed assets | 21 | €29,976 | €28,975 | -€1,001 | -3.3% |
| Tangible fixed assets | 22/27 | €843,070 | €864,691 | +€21,620 | +2.6% |
| Land and buildings | 22 | €756,612 | €745,293 | -€11,319 | -1.5% |
| Plant, machinery and equipment | 23 | €1,327 | €665 | -€662 | -49.9% |
| Furniture and vehicles | 24 | €80,441 | €118,732 | +€38,291 | +47.6% |
| Leasing and similar rights | 25 | €4,689 | - | -€4,689 | |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €1,936,172 | €2,351,354 | +€415,182 | +21.4% |
| Stocks and contracts in progress | 3 | €100,442 | €97,206 | -€3,237 | -3.2% |
| Stocks | 30/36 | €100,442 | €97,206 | -€3,237 | -3.2% |
| Amounts receivable within one year | 40/41 | €1,783,739 | €2,111,028 | +€327,288 | +18.3% |
| Trade receivables | 40 | €341,790 | €438,069 | +€96,279 | +28.2% |
| Other amounts receivable | 41 | €1,441,949 | €1,672,958 | +€231,009 | +16.0% |
| Cash at bank and in hand | 54/58 | €38,008 | €125,097 | +€87,090 | +229.1% |
| Deferred charges and accrued income | 490/1 | €13,983 | €18,023 | +€4,041 | +28.9% |
| Total equity and liabilities | 10/49 | €2,809,218 | €3,265,020 | +€455,802 | +16.2% |
| Equity | 10/15 | €1,488,202 | €602,653 | -€885,548 | -59.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €490,250 | €540,740 | +€50,490 | +10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €248,390 | €538,880 | +€290,490 | +116.9% |
| Distributable reserves | 133 | €240,000 | - | -€240,000 | |
| Profit (loss) carried forward | 14 | €979,352 | €43,313 | -€936,038 | -95.6% |
| Amounts payable | 17/49 | €1,321,016 | €2,662,366 | +€1.3m | +101.5% |
| Amounts payable after more than one year | 17 | €523,282 | €510,672 | -€12,610 | -2.4% |
| Financial debts | 170/4 | €523,282 | €510,672 | -€12,610 | -2.4% |
| Amounts payable within one year | 42/48 | €796,794 | €2,150,755 | +€1.4m | +169.9% |
| Current portion of amounts payable after more than one year | 42 | €61,381 | €73,573 | +€12,192 | +19.9% |
| Financial debts | 43 | €167,000 | €179,000 | +€12,000 | +7.2% |
| Credit institutions | 430/8 | €167,000 | €179,000 | +€12,000 | +7.2% |
| Trade debts | 44 | €483,991 | €532,371 | +€48,380 | +10.0% |
| Suppliers | 440/4 | €483,991 | €532,371 | +€48,380 | +10.0% |
| Advances received on contracts in progress | 46 | €17,977 | €17,977 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,442 | €47,834 | +€5,392 | +12.7% |
| Taxes | 450/3 | - | €1 | +€1 | |
| Remuneration and social security | 454/9 | €42,442 | €47,832 | +€5,391 | +12.7% |
| Other amounts payable | 47/48 | €24,003 | €1,300,000 | +€1.3m | +5315.9% |
| Accrued charges and deferred income | 492/3 | €940 | €940 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €599,099 | €644,913 | +€45,814 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,013 | €74,989 | +€14,977 | +25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,449 | €1,504 | -€60,945 | -97.6% |
| Other operating charges | 640/8 | €11,731 | €14,918 | +€3,188 | +27.2% |
| Gross operating margin | 9900 | €1,176,733 | €1,325,457 | +€148,724 | +12.6% |
| Operating profit (loss) | 9901 | €443,441 | €589,132 | +€145,691 | +32.9% |
| Financial income | 75/76B | €1,778 | €3,321 | +€1,543 | +86.8% |
| Recurring financial income | 75 | €1,778 | €3,321 | +€1,543 | +86.8% |
| Financial charges | 65/66B | €24,442 | €31,837 | +€7,395 | +30.3% |
| Recurring financial charges | 65 | €24,442 | €31,837 | +€7,395 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €420,777 | €560,615 | +€139,838 | +33.2% |
| Income taxes | 67/77 | €104,439 | €146,164 | +€41,724 | +40.0% |
| Profit (loss) for the period | 9904 | €316,338 | €414,452 | +€98,114 | +31.0% |
| Transfer to tax-exempt reserves | 689 | €248,390 | €290,490 | +€42,100 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,948 | €123,962 | +€56,014 | +82.4% |
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.