SECURITY, CONSTRUCT & WELLNESS: what changed
SECURITY, CONSTRUCT & WELLNESS
Largest movements
- Cash +€17,076
up €17,076 (+187%), from €9,141 to €26,217
mainly Net result for the year (+€18,726) and Tax, wage and social debts (+€7,124)
- Receivables within one year +€6,361
up €6,361 (+7.7%), from €82,368 to €88,729
of which Other amounts receivable: +€4,935
- Reserves +€18,700
up €18,700 (+46.9%), from €39,874 to €58,574
of which Distributable reserves: +€18,700
- Tax, wage and social debts +€7,124
up €7,124 (+84.8%), from €8,401 to €15,525
- Trade debts -€3,635
down €3,635 (-91.7%), from €3,965 to €330
- Gross operating margin +€23,047
up €23,047 (+248%), from €9,308 to €32,356
- Taxes +€4,966
up €4,966 (+97.2%), from €5,108 to €10,074
- Financial income -€855
down €855 (-31.1%), from €2,751 to €1,896
- Other operating charges +€350
up €350 (+65.4%), from €536 to €887
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 | €93,127 | €115,805 | +€22,678 | +24.4% |
| Fixed assets | 21/28 | €534 | - | -€534 | |
| Tangible fixed assets | 22/27 | €534 | - | -€534 | |
| Furniture and vehicles | 24 | €534 | - | -€534 | |
| Current assets | 29/58 | €92,593 | €115,805 | +€23,212 | +25.1% |
| Amounts receivable within one year | 40/41 | €82,368 | €88,729 | +€6,361 | +7.7% |
| Trade receivables | 40 | €7,251 | €8,676 | +€1,426 | +19.7% |
| Other amounts receivable | 41 | €75,118 | €80,053 | +€4,935 | +6.6% |
| Cash at bank and in hand | 54/58 | €9,141 | €26,217 | +€17,076 | +187% |
| Deferred charges and accrued income | 490/1 | €1,084 | €859 | -€225 | -20.8% |
| Total equity and liabilities | 10/49 | €93,127 | €115,805 | +€22,678 | +24.4% |
| Equity | 10/15 | €80,761 | €99,487 | +€18,726 | +23.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,874 | €58,574 | +€18,700 | +46.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €37,900 | €56,600 | +€18,700 | +49.3% |
| Profit (loss) carried forward | 14 | €22,295 | €22,320 | +€26 | +0.1% |
| Amounts payable | 17/49 | €12,366 | €16,319 | +€3,953 | +32.0% |
| Amounts payable within one year | 42/48 | €12,366 | €15,855 | +€3,489 | +28.2% |
| Trade debts | 44 | €3,965 | €330 | -€3,635 | -91.7% |
| Suppliers | 440/4 | €3,965 | €330 | -€3,635 | -91.7% |
| Taxes, remuneration and social security | 45 | €8,401 | €15,525 | +€7,124 | +84.8% |
| Taxes | 450/3 | €8,401 | €15,525 | +€7,124 | +84.8% |
| Accrued charges and deferred income | 492/3 | - | €464 | +€464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €534 | -€44 | -7.6% |
| Other operating charges | 640/8 | €536 | €887 | +€350 | +65.4% |
| Non-recurring operating charges | 66A | - | €3,668 | +€3,668 | |
| Gross operating margin | 9900 | €9,308 | €32,356 | +€23,047 | +248% |
| Operating profit (loss) | 9901 | €8,194 | €27,267 | +€19,073 | +233% |
| Financial income | 75/76B | €2,751 | €1,896 | -€855 | -31.1% |
| Recurring financial income | 75 | €2,751 | €1,896 | -€855 | -31.1% |
| Financial charges | 65/66B | €561 | €363 | -€198 | -35.3% |
| Recurring financial charges | 65 | €561 | €363 | -€198 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €10,384 | €28,800 | +€18,416 | +177% |
| Income taxes | 67/77 | €5,108 | €10,074 | +€4,966 | +97.2% |
| Profit (loss) for the period | 9904 | €5,275 | €18,726 | +€13,450 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €5,275 | €18,726 | +€13,450 | +255% |
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 1 November 2026 via checked.be.