SECURAS: 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.
SECURAS
Largest movements
- Cash -€48,699
down €48,699 (-27.7%), from €175,919 to €127,220
mainly Contributions, distributions and other (-€160,000) and Receivables within one year (-€9,337)
- Receivables within one year +€9,337
up €9,337 (+15.9%), from €58,610 to €67,947
of which Trade receivables: +€9,337
- Tangible fixed assets -€6,542
down €6,542 (-20.3%), from €32,220 to €25,678
of which Furniture and vehicles: -€4,395
- Profit (loss) carried forward -€55,008
down €55,008 (-52.1%), from €105,595 to €50,587
- Trade debts +€10,792
up €10,792 (+7.6%), from €142,849 to €153,641
- Gross operating margin +€39,538
up €39,538 (+18.9%), from €209,116 to €248,654
- Staff costs +€18,068
up €18,068 (+25.0%), from €72,302 to €90,370
- Depreciation +€5,858
up €5,858 (+88.0%), from €6,656 to €12,514
- Taxes +€4,575
up €4,575 (+14.2%), from €32,133 to €36,708
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 | €266,749 | €222,496 | -€44,254 | -16.6% |
| Fixed assets | 21/28 | €32,220 | €25,678 | -€6,542 | -20.3% |
| Tangible fixed assets | 22/27 | €32,220 | €25,678 | -€6,542 | -20.3% |
| Plant, machinery and equipment | 23 | €11,476 | €9,681 | -€1,796 | -15.6% |
| Furniture and vehicles | 24 | €20,152 | €15,757 | -€4,395 | -21.8% |
| Leasing and similar rights | 25 | €592 | €241 | -€351 | -59.4% |
| Current assets | 29/58 | €234,529 | €196,818 | -€37,712 | -16.1% |
| Amounts receivable within one year | 40/41 | €58,610 | €67,947 | +€9,337 | +15.9% |
| Trade receivables | 40 | €58,610 | €67,947 | +€9,337 | +15.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €175,919 | €127,220 | -€48,699 | -27.7% |
| Deferred charges and accrued income | 490/1 | - | €1,651 | +€1,651 | |
| Total equity and liabilities | 10/49 | €266,749 | €222,496 | -€44,254 | -16.6% |
| Equity | 10/15 | €111,795 | €56,787 | -€55,008 | -49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,595 | €50,587 | -€55,008 | -52.1% |
| Amounts payable | 17/49 | €154,954 | €165,709 | +€10,755 | +6.9% |
| Amounts payable within one year | 42/48 | €154,954 | €165,709 | +€10,755 | +6.9% |
| Trade debts | 44 | €142,849 | €153,641 | +€10,792 | +7.6% |
| Suppliers | 440/4 | €142,849 | €153,641 | +€10,792 | +7.6% |
| Taxes, remuneration and social security | 45 | €12,105 | €12,068 | -€37 | -0.3% |
| Taxes | 450/3 | €4,053 | €1,569 | -€2,484 | -61.3% |
| Remuneration and social security | 454/9 | €8,052 | €10,499 | +€2,447 | +30.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €72,302 | €90,370 | +€18,068 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,656 | €12,514 | +€5,858 | +88.0% |
| Other operating charges | 640/8 | €4,010 | €4,136 | +€126 | +3.1% |
| Gross operating margin | 9900 | €209,116 | €248,654 | +€39,538 | +18.9% |
| Operating profit (loss) | 9901 | €126,148 | €141,634 | +€15,485 | +12.3% |
| Financial income | 75/76B | €266 | €451 | +€185 | +69.6% |
| Recurring financial income | 75 | €266 | €451 | +€185 | +69.6% |
| Financial charges | 65/66B | €259 | €385 | +€126 | +48.8% |
| Recurring financial charges | 65 | €259 | €385 | +€126 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €126,156 | €141,700 | +€15,544 | +12.3% |
| Income taxes | 67/77 | €32,133 | €36,708 | +€4,575 | +14.2% |
| Profit (loss) for the period | 9904 | €94,023 | €104,992 | +€10,969 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,023 | €104,992 | +€10,969 | +11.7% |
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 9 October 2026 via checked.be.