Watchtower Security Solutions Belgium: what changed
Watchtower Security Solutions Belgium
Largest movements
- Tangible fixed assets +€162,844
up €162,844 (+98.1%), from €165,941 to €328,784
of which Plant, machinery and equipment: +€140,584
- Receivables within one year +€141,683
up €141,683 (+35.6%), from €398,396 to €540,079
of which Other amounts receivable: +€130,172
- Cash +€8,893
up €8,893 (+132%), from €6,762 to €15,655
mainly Contributions, distributions and other (+€790,917) and Depreciation (+€75,564)
- Contributions +€790,917
up €790,917 (+12,757%), from €6,200 to €797,117
- Other debts -€436,532
down €436,532 (-96.4%), from €453,052 to €16,521
- Trade debts -€113,759
down €113,759 (-36.8%), from €309,520 to €195,761
- Profit (loss) carried forward +€39,080
up €39,080 (+16.6%), from -€235,041 to -€195,961
- Tax, wage and social debts +€19,811
up €19,811 (+56.2%), from €35,250 to €55,061
of which Taxes: +€13,039
- Gross operating margin +€77,528
up €77,528 (+31.4%), from €247,201 to €324,729
- Depreciation +€48,402
up €48,402 (+178%), from €27,162 to €75,564
- Staff costs -€13,826
down €13,826 (-6.3%), from €220,686 to €206,860
- Financial income +€13,737
up €13,737 (+137,368,300%), from €0 to €13,737
- Financial charges -€6,565
down €6,565 (-27.8%), from €23,605 to €17,040
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €571,098 | €885,419 | +€314,321 | +55.0% |
| Fixed assets | 21/28 | €165,941 | €328,784 | +€162,844 | +98.1% |
| Tangible fixed assets | 22/27 | €165,941 | €328,784 | +€162,844 | +98.1% |
| Plant, machinery and equipment | 23 | €164,580 | €305,165 | +€140,584 | +85.4% |
| Furniture and vehicles | 24 | €1,360 | €23,620 | +€22,259 | +1,636% |
| Current assets | 29/58 | €405,158 | €556,635 | +€151,477 | +37.4% |
| Amounts receivable within one year | 40/41 | €398,396 | €540,079 | +€141,683 | +35.6% |
| Trade receivables | 40 | €29,091 | €40,603 | +€11,512 | +39.6% |
| Other amounts receivable | 41 | €369,304 | €499,476 | +€130,172 | +35.2% |
| Cash at bank and in hand | 54/58 | €6,762 | €15,655 | +€8,893 | +132% |
| Deferred charges and accrued income | 490/1 | - | €901 | +€901 | |
| Total equity and liabilities | 10/49 | €571,098 | €885,419 | +€314,321 | +55.0% |
| Equity | 10/15 | -€228,841 | €601,155 | +€829,997 | |
| Contributions | 10/11 | €6,200 | €797,117 | +€790,917 | +12,757% |
| Profit (loss) carried forward | 14 | -€235,041 | -€195,961 | +€39,080 | +16.6% |
| Amounts payable | 17/49 | €799,940 | €284,264 | -€515,676 | -64.5% |
| Amounts payable within one year | 42/48 | €797,823 | €267,343 | -€530,480 | -66.5% |
| Trade debts | 44 | €309,520 | €195,761 | -€113,759 | -36.8% |
| Suppliers | 440/4 | €309,520 | €195,761 | -€113,759 | -36.8% |
| Taxes, remuneration and social security | 45 | €35,250 | €55,061 | +€19,811 | +56.2% |
| Taxes | 450/3 | €14,250 | €27,289 | +€13,039 | +91.5% |
| Remuneration and social security | 454/9 | €21,000 | €27,772 | +€6,772 | +32.2% |
| Other amounts payable | 47/48 | €453,052 | €16,521 | -€436,532 | -96.4% |
| Accrued charges and deferred income | 492/3 | €2,117 | €16,921 | +€14,804 | +699% |
| Remuneration, social security and pensions | 62 | €220,686 | €206,860 | -€13,826 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,162 | €75,564 | +€48,402 | +178% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,312 | -€1,437 | -€4,750 | |
| Other operating charges | 640/8 | €2,014 | €664 | -€1,349 | -67.0% |
| Gross operating margin | 9900 | €247,201 | €324,729 | +€77,528 | +31.4% |
| Operating profit (loss) | 9901 | -€5,973 | €43,078 | +€49,051 | |
| Financial income | 75/76B | €0 | €13,737 | +€13,737 | +137,368,300% |
| Recurring financial income | 75 | €0 | €13,737 | +€13,737 | +137,368,300% |
| Financial charges | 65/66B | €23,605 | €17,040 | -€6,565 | -27.8% |
| Recurring financial charges | 65 | €23,605 | €17,040 | -€6,565 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,578 | €39,775 | +€69,352 | |
| Income taxes | 67/77 | €647 | €695 | +€48 | +7.4% |
| Profit (loss) for the period | 9904 | -€30,224 | €39,080 | +€69,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,224 | €39,080 | +€69,304 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.