TOTAL 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.
TOTAL SECURITY SYSTEMS
Largest movements
- Receivables within one year +€165,494
up €165,494 (+99.5%), from €166,343 to €331,837
of which Other amounts receivable: +€135,311
- Stocks and contracts +€58,565
up €58,565 (+38.0%), from €154,250 to €212,815
- Cash +€30,714
up €30,714 (+351.9%), from €8,728 to €39,441
- Reserves +€178,559
up €178,559 (+103.3%), from €172,825 to €351,384
- Trade debts +€45,301
up €45,301 (+39.7%), from €114,236 to €159,537
- Tax, wage and social debts +€39,858
up €39,858 (+116.5%), from €34,201 to €74,059
of which Taxes: +€32,991
- Debts after one year -€11,747
down €11,747 (-73.9%), from €15,906 to €4,159
- Short-term financial debts +€7,684
new in 2025: €7,684
- Gross operating margin +€223,981
up €223,981 (+116.6%), from €192,148 to €416,129
- Taxes +€65,708
up €65,708 (+244.5%), from €26,869 to €92,577
- Staff costs +€27,962
up €27,962 (+37.9%), from €73,758 to €101,720
- Financial charges +€19,175
up €19,175 (+240.4%), from €7,976 to €27,151
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,829 | €614,569 | +€258,739 | +72.7% |
| Fixed assets | 21/28 | €16,905 | €20,442 | +€3,537 | +20.9% |
| Tangible fixed assets | 22/27 | €16,905 | €20,442 | +€3,537 | +20.9% |
| Plant, machinery and equipment | 23 | - | €4,198 | +€4,198 | |
| Furniture and vehicles | 24 | €2,850 | €6,242 | +€3,392 | +119.0% |
| Other tangible fixed assets | 26 | €14,055 | €10,001 | -€4,053 | -28.8% |
| Current assets | 29/58 | €338,925 | €594,127 | +€255,202 | +75.3% |
| Stocks and contracts in progress | 3 | €154,250 | €212,815 | +€58,565 | +38.0% |
| Stocks | 30/36 | €154,250 | €212,815 | +€58,565 | +38.0% |
| Amounts receivable within one year | 40/41 | €166,343 | €331,837 | +€165,494 | +99.5% |
| Trade receivables | 40 | €99,266 | €129,449 | +€30,183 | +30.4% |
| Other amounts receivable | 41 | €67,077 | €202,388 | +€135,311 | +201.7% |
| Current investments | 50/53 | €6,975 | €6,975 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,728 | €39,441 | +€30,714 | +351.9% |
| Deferred charges and accrued income | 490/1 | €2,630 | €3,059 | +€429 | +16.3% |
| Total equity and liabilities | 10/49 | €355,829 | €614,569 | +€258,739 | +72.7% |
| Equity | 10/15 | €182,621 | €361,180 | +€178,559 | +97.8% |
| Contributions | 10/11 | €9,796 | €9,796 | = | 0.0% |
| Reserves | 13 | €172,825 | €351,384 | +€178,559 | +103.3% |
| Distributable reserves | 133 | €172,825 | €351,384 | +€178,559 | +103.3% |
| Amounts payable | 17/49 | €173,208 | €253,389 | +€80,180 | +46.3% |
| Amounts payable after more than one year | 17 | €15,906 | €4,159 | -€11,747 | -73.9% |
| Financial debts | 170/4 | €15,906 | €4,159 | -€11,747 | -73.9% |
| Amounts payable within one year | 42/48 | €155,697 | €249,230 | +€93,533 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €7,260 | €7,949 | +€689 | +9.5% |
| Financial debts | 43 | - | €7,684 | +€7,684 | |
| Credit institutions | 430/8 | - | €7,684 | +€7,684 | |
| Trade debts | 44 | €114,236 | €159,537 | +€45,301 | +39.7% |
| Suppliers | 440/4 | €114,236 | €159,537 | +€45,301 | +39.7% |
| Taxes, remuneration and social security | 45 | €34,201 | €74,059 | +€39,858 | +116.5% |
| Taxes | 450/3 | €24,261 | €57,252 | +€32,991 | +136.0% |
| Remuneration and social security | 454/9 | €9,940 | €16,807 | +€6,867 | +69.1% |
| Accrued charges and deferred income | 492/3 | €1,605 | - | -€1,605 | |
| Non-recurring operating income | 76A | €8,846 | - | -€8,846 | |
| Remuneration, social security and pensions | 62 | €73,758 | €101,720 | +€27,962 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,924 | €7,180 | +€3,256 | +83.0% |
| Other operating charges | 640/8 | €9,231 | €7,673 | -€1,558 | -16.9% |
| Non-recurring operating charges | 66A | - | €1,290 | +€1,290 | |
| Gross operating margin | 9900 | €192,148 | €416,129 | +€223,981 | +116.6% |
| Operating profit (loss) | 9901 | €105,235 | €298,267 | +€193,032 | +183.4% |
| Financial income | 75/76B | €242 | €20 | -€221 | -91.7% |
| Recurring financial income | 75 | €242 | €20 | -€221 | -91.7% |
| Financial charges | 65/66B | €7,976 | €27,151 | +€19,175 | +240.4% |
| Recurring financial charges | 65 | €7,976 | €27,151 | +€19,175 | +240.4% |
| Profit (loss) for the period before taxes | 9903 | €97,500 | €271,135 | +€173,635 | +178.1% |
| Income taxes | 67/77 | €26,869 | €92,577 | +€65,708 | +244.5% |
| Profit (loss) for the period | 9904 | €70,631 | €178,559 | +€107,927 | +152.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,631 | €178,559 | +€107,927 | +152.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 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.