TOTAL 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.
TOTAL SECURITY
Largest movements
- Receivables within one year -€78,217
down €78,217 (-26.1%), from €299,361 to €221,144
of which Trade receivables: -€235,826
- Tangible fixed assets +€74,023
up €74,023 (+222%), from €33,284 to €107,307
of which Furniture and vehicles: +€76,144
- Cash -€44,016
down €44,016 (-28.8%), from €152,751 to €108,735
mainly Investment in fixed assets (net) (-€86,494) and Tax, wage and social debts (-€51,576)
- Tax, wage and social debts -€51,576
down €51,576 (-94.1%), from €54,825 to €3,249
of which Remuneration and social security: -€28,308
- Profit (loss) carried forward -€35,413
down €35,413, from €0 to -€35,413
- Debts after one year +€33,604
new in 2025: €33,604
- Current portion of long-term debt +€11,560
new in 2025: €11,560
- Gross operating margin -€313,128
down €313,128 (-81.0%), from €386,540 to €73,412
- Staff costs -€283,566
down €283,566 (-77.5%), from €365,891 to €82,325
- Depreciation +€8,921
up €8,921 (+251%), from €3,549 to €12,471
- Financial income +€7,640
up €7,640 (+111%), from €6,875 to €14,514
- Other operating charges +€4,535
up €4,535 (+107%), from €4,219 to €8,754
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.
Derived cash bridge
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 | €716,607 | €672,027 | -€44,580 | -6.2% |
| Fixed assets | 21/28 | €33,284 | €107,307 | +€74,023 | +222% |
| Tangible fixed assets | 22/27 | €33,284 | €107,307 | +€74,023 | +222% |
| Land and buildings | 22 | €31,984 | €29,984 | -€2,000 | -6.3% |
| Plant, machinery and equipment | 23 | €121 | €0 | -€121 | -100% |
| Furniture and vehicles | 24 | €1,180 | €77,324 | +€76,144 | +6,451% |
| Current assets | 29/58 | €683,323 | €564,719 | -€118,603 | -17.4% |
| Amounts receivable after more than one year | 29 | €228,000 | €234,840 | +€6,840 | +3.0% |
| Other amounts receivable | 291 | €228,000 | €234,840 | +€6,840 | +3.0% |
| Amounts receivable within one year | 40/41 | €299,361 | €221,144 | -€78,217 | -26.1% |
| Trade receivables | 40 | €293,531 | €57,705 | -€235,826 | -80.3% |
| Other amounts receivable | 41 | €5,830 | €163,439 | +€157,609 | +2,704% |
| Cash at bank and in hand | 54/58 | €152,751 | €108,735 | -€44,016 | -28.8% |
| Deferred charges and accrued income | 490/1 | €3,210 | €0 | -€3,210 | -100% |
| Total equity and liabilities | 10/49 | €716,607 | €672,027 | -€44,580 | -6.2% |
| Equity | 10/15 | €608,784 | €573,371 | -€35,413 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €590,184 | €590,184 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €590,184 | €590,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€35,413 | -€35,413 | |
| Amounts payable | 17/49 | €107,823 | €98,656 | -€9,167 | -8.5% |
| Amounts payable after more than one year | 17 | - | €33,604 | +€33,604 | |
| Financial debts | 170/4 | - | €33,604 | +€33,604 | |
| Amounts payable within one year | 42/48 | €107,823 | €65,052 | -€42,770 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,560 | +€11,560 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,810 | €14,132 | -€1,679 | -10.6% |
| Suppliers | 440/4 | €15,810 | €14,132 | -€1,679 | -10.6% |
| Taxes, remuneration and social security | 45 | €54,825 | €3,249 | -€51,576 | -94.1% |
| Taxes | 450/3 | €26,517 | €3,249 | -€23,268 | -87.7% |
| Remuneration and social security | 454/9 | €28,308 | €0 | -€28,308 | -100% |
| Other amounts payable | 47/48 | €37,187 | €36,111 | -€1,076 | -2.9% |
| Non-recurring operating income | 76A | - | €1,788 | +€1,788 | |
| Remuneration, social security and pensions | 62 | €365,891 | €82,325 | -€283,566 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,549 | €12,471 | +€8,921 | +251% |
| Other operating charges | 640/8 | €4,219 | €8,754 | +€4,535 | +107% |
| Non-recurring operating charges | 66A | - | €18,213 | +€18,213 | |
| Gross operating margin | 9900 | €386,540 | €73,412 | -€313,128 | -81.0% |
| Operating profit (loss) | 9901 | €12,881 | -€48,351 | -€61,232 | |
| Financial income | 75/76B | €6,875 | €14,514 | +€7,640 | +111% |
| Recurring financial income | 75 | €6,875 | €14,514 | +€7,640 | +111% |
| Financial charges | 65/66B | €3,947 | €1,544 | -€2,403 | -60.9% |
| Recurring financial charges | 65 | €1,492 | €1,544 | +€53 | +3.5% |
| Non-recurring financial charges | 66B | €2,455 | €0 | -€2,455 | -100% |
| Profit (loss) for the period before taxes | 9903 | €15,808 | -€35,381 | -€51,190 | |
| Income taxes | 67/77 | €4,170 | €32 | -€4,138 | -99.2% |
| Profit (loss) for the period | 9904 | €11,638 | -€35,413 | -€47,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,638 | -€35,413 | -€47,051 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.