U-secure: 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.
U-secure
Largest movements
- Receivables within one year +€16,905
up €16,905 (+128%), from €13,161 to €30,065
of which Trade receivables: +€11,010
- Tangible fixed assets -€1,155
no longer reported in 2025 (was €1,155)
- Deferred charges and accrued income -€875
no longer reported in 2025 (was €875)
- Cash -€848
down €848 (-84.3%), from €1,007 to €158
mainly Trade debts (-€33,143) and Receivables within one year (-€16,905)
- Trade debts -€33,143
down €33,143 (-73.1%), from €45,349 to €12,206
- Debts after one year +€15,920
up €15,920 (+1,532%), from €1,039 to €16,959
- Profit (loss) carried forward +€15,539
up €15,539 (+21.7%), from -€71,625 to -€56,085
- Tax, wage and social debts +€7,901
up €7,901 (+143%), from €5,527 to €13,428
of which Remuneration and social security: +€8,069
- Current portion of long-term debt +€6,381
up €6,381 (+104%), from €6,161 to €12,543
- Gross operating margin +€121,598
up €121,598, from -€12,084 to €109,514
- Staff costs +€54,234
up €54,234 (+150%), from €36,160 to €90,394
- Depreciation -€6,509
down €6,509 (-84.9%), from €7,663 to €1,155
- Financial income -€3,080
no longer reported in 2025 (was €3,080)
- Financial charges +€1,215
up €1,215 (+205%), from €594 to €1,809
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 | €16,197 | €30,224 | +€14,027 | +86.6% |
| Fixed assets | 21/28 | €1,155 | - | -€1,155 | |
| Tangible fixed assets | 22/27 | €1,155 | - | -€1,155 | |
| Furniture and vehicles | 24 | €1,155 | - | -€1,155 | |
| Current assets | 29/58 | €15,042 | €30,224 | +€15,182 | +101% |
| Amounts receivable within one year | 40/41 | €13,161 | €30,065 | +€16,905 | +128% |
| Trade receivables | 40 | €1,712 | €12,722 | +€11,010 | +643% |
| Other amounts receivable | 41 | €11,449 | €17,343 | +€5,894 | +51.5% |
| Cash at bank and in hand | 54/58 | €1,007 | €158 | -€848 | -84.3% |
| Deferred charges and accrued income | 490/1 | €875 | - | -€875 | |
| Total equity and liabilities | 10/49 | €16,197 | €30,224 | +€14,027 | +86.6% |
| Equity | 10/15 | -€50,321 | -€34,781 | +€15,539 | +30.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,304 | €1,304 | = | 0.0% |
| Distributable reserves | 133 | €1,304 | €1,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,625 | -€56,085 | +€15,539 | +21.7% |
| Amounts payable | 17/49 | €66,518 | €65,005 | -€1,513 | -2.3% |
| Amounts payable after more than one year | 17 | €1,039 | €16,959 | +€15,920 | +1,532% |
| Financial debts | 170/4 | €1,039 | €16,959 | +€15,920 | +1,532% |
| Amounts payable within one year | 42/48 | €65,479 | €48,046 | -€17,432 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €6,161 | €12,543 | +€6,381 | +104% |
| Trade debts | 44 | €45,349 | €12,206 | -€33,143 | -73.1% |
| Suppliers | 440/4 | €45,349 | €12,206 | -€33,143 | -73.1% |
| Taxes, remuneration and social security | 45 | €5,527 | €13,428 | +€7,901 | +143% |
| Taxes | 450/3 | €339 | €171 | -€168 | -49.6% |
| Remuneration and social security | 454/9 | €5,188 | €13,257 | +€8,069 | +156% |
| Other amounts payable | 47/48 | €8,441 | €9,870 | +€1,429 | +16.9% |
| Remuneration, social security and pensions | 62 | €36,160 | €90,394 | +€54,234 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,663 | €1,155 | -€6,509 | -84.9% |
| Other operating charges | 640/8 | €606 | €446 | -€160 | -26.4% |
| Gross operating margin | 9900 | -€12,084 | €109,514 | +€121,598 | |
| Operating profit (loss) | 9901 | -€56,513 | €17,519 | +€74,032 | |
| Financial income | 75/76B | €3,080 | - | -€3,080 | |
| Recurring financial income | 75 | €3,080 | - | -€3,080 | |
| Financial charges | 65/66B | €594 | €1,809 | +€1,215 | +205% |
| Recurring financial charges | 65 | €594 | €1,809 | +€1,215 | +205% |
| Profit (loss) for the period before taxes | 9903 | -€54,027 | €15,710 | +€69,737 | |
| Income taxes | 67/77 | €174 | €171 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€54,201 | €15,539 | +€69,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,201 | €15,539 | +€69,741 |
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 31 October 2026 via checked.be.