V-PRO 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.
V-PRO SECURITY
Largest movements
- Tangible fixed assets -€15,051
down €15,051 (-21.3%), from €70,534 to €55,483
of which Furniture and vehicles: -€13,700
- Receivables within one year -€12,221
down €12,221 (-57.0%), from €21,430 to €9,209
of which Trade receivables: -€8,742
- Cash -€6,907
down €6,907 (-14.4%), from €48,041 to €41,135
mainly Contributions, distributions and other (-€127,746) and Other debts (-€64,088)
- Other debts -€64,088
down €64,088 (-50.7%), from €126,462 to €62,374
- Tax, wage and social debts +€29,768
up €29,768 (+617.1%), from €4,824 to €34,592
of which Remuneration and social security: +€27,116
- Gross operating margin +€83,768
up €83,768 (+76.6%), from €109,356 to €193,124
- Taxes +€17,635
up €17,635 (+213.8%), from €8,247 to €25,882
- Depreciation +€2,660
up €2,660 (+18.8%), from €14,141 to €16,800
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 | €151,184 | €117,827 | -€33,357 | -22.1% |
| Fixed assets | 21/28 | €70,709 | €55,658 | -€15,051 | -21.3% |
| Tangible fixed assets | 22/27 | €70,534 | €55,483 | -€15,051 | -21.3% |
| Plant, machinery and equipment | 23 | €431 | €907 | +€477 | +110.8% |
| Furniture and vehicles | 24 | €54,519 | €40,819 | -€13,700 | -25.1% |
| Other tangible fixed assets | 26 | €15,584 | €13,757 | -€1,828 | -11.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €80,475 | €62,169 | -€18,306 | -22.7% |
| Stocks and contracts in progress | 3 | €8,976 | €9,662 | +€686 | +7.6% |
| Stocks | 30/36 | €8,976 | €9,662 | +€686 | +7.6% |
| Amounts receivable within one year | 40/41 | €21,430 | €9,209 | -€12,221 | -57.0% |
| Trade receivables | 40 | €14,677 | €5,935 | -€8,742 | -59.6% |
| Other amounts receivable | 41 | €6,753 | €3,274 | -€3,479 | -51.5% |
| Cash at bank and in hand | 54/58 | €48,041 | €41,135 | -€6,907 | -14.4% |
| Deferred charges and accrued income | 490/1 | €2,028 | €2,164 | +€136 | +6.7% |
| Total equity and liabilities | 10/49 | €151,184 | €117,827 | -€33,357 | -22.1% |
| Equity | 10/15 | €18,617 | €19,444 | +€827 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17 | €844 | +€827 | +4763.7% |
| Amounts payable | 17/49 | €132,567 | €98,383 | -€34,184 | -25.8% |
| Amounts payable within one year | 42/48 | €132,566 | €98,382 | -€34,184 | -25.8% |
| Trade debts | 44 | €1,281 | €1,416 | +€136 | +10.6% |
| Suppliers | 440/4 | €1,281 | €1,416 | +€136 | +10.6% |
| Taxes, remuneration and social security | 45 | €4,824 | €34,592 | +€29,768 | +617.1% |
| Taxes | 450/3 | €1,779 | €4,430 | +€2,652 | +149.1% |
| Remuneration and social security | 454/9 | €3,045 | €30,162 | +€27,116 | +890.4% |
| Other amounts payable | 47/48 | €126,462 | €62,374 | -€64,088 | -50.7% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €20,536 | €21,248 | +€713 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,141 | €16,800 | +€2,660 | +18.8% |
| Other operating charges | 640/8 | €1,482 | €818 | -€664 | -44.8% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €109,356 | €193,124 | +€83,768 | +76.6% |
| Operating profit (loss) | 9901 | €73,198 | €154,136 | +€80,938 | +110.6% |
| Financial income | 75/76B | €589 | €850 | +€260 | +44.2% |
| Recurring financial income | 75 | €589 | €850 | +€260 | +44.2% |
| Financial charges | 65/66B | €138 | €530 | +€392 | +283.6% |
| Recurring financial charges | 65 | €138 | €530 | +€392 | +283.6% |
| Profit (loss) for the period before taxes | 9903 | €73,649 | €154,455 | +€80,806 | +109.7% |
| Income taxes | 67/77 | €8,247 | €25,882 | +€17,635 | +213.8% |
| Profit (loss) for the period | 9904 | €65,402 | €128,573 | +€63,171 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,402 | €128,573 | +€63,171 | +96.6% |
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 8 October 2026 via checked.be.