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.
ELD SECURITY
Largest movements
- Tangible fixed assets -€86,684
down €86,684 (-97.4%), from €88,992 to €2,308
of which Land and buildings: -€82,058
- Receivables within one year -€20,899
down €20,899 (-26.6%), from €78,429 to €57,530
of which Trade receivables: -€21,794
- Stocks and contracts +€5,872
up €5,872 (+13.6%), from €43,200 to €49,072
of which Stocks: +€7,942
- Deferred charges and accrued income -€2,636
down €2,636 (-74.0%), from €3,564 to €928
- Other debts -€130,520
down €130,520 (-100.0%), from €130,520 to €0
- Profit (loss) carried forward +€85,861
up €85,861 (+90.0%), from -€95,357 to -€9,496
- Short-term financial debts -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Current portion of long-term debt -€17,057
down €17,057 (-86.0%), from €19,843 to €2,786
- Trade debts -€10,812
down €10,812 (-53.5%), from €20,196 to €9,384
- Gross operating margin +€89,721
up €89,721 (+867.3%), from €10,345 to €100,066
- Depreciation -€13,951
down €13,951 (-75.1%), from €18,577 to €4,626
- Other operating charges +€2,119
up €2,119 (+71.9%), from €2,950 to €5,069
- Financial charges +€1,053
up €1,053 (+26.3%), from €4,010 to €5,064
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 | €217,480 | €111,752 | -€105,728 | -48.6% |
| Fixed assets | 21/28 | €88,992 | €2,308 | -€86,684 | -97.4% |
| Tangible fixed assets | 22/27 | €88,992 | €2,308 | -€86,684 | -97.4% |
| Land and buildings | 22 | €82,058 | €0 | -€82,058 | -100.0% |
| Furniture and vehicles | 24 | €6,934 | €2,308 | -€4,626 | -66.7% |
| Current assets | 29/58 | €128,488 | €109,444 | -€19,044 | -14.8% |
| Stocks and contracts in progress | 3 | €43,200 | €49,072 | +€5,872 | +13.6% |
| Stocks | 30/36 | €36,250 | €44,192 | +€7,942 | +21.9% |
| Contracts in progress | 37 | €6,950 | €4,880 | -€2,070 | -29.8% |
| Amounts receivable within one year | 40/41 | €78,429 | €57,530 | -€20,899 | -26.6% |
| Trade receivables | 40 | €75,678 | €53,884 | -€21,794 | -28.8% |
| Other amounts receivable | 41 | €2,751 | €3,646 | +€895 | +32.5% |
| Cash at bank and in hand | 54/58 | €3,295 | €1,914 | -€1,381 | -41.9% |
| Deferred charges and accrued income | 490/1 | €3,564 | €928 | -€2,636 | -74.0% |
| Total equity and liabilities | 10/49 | €217,480 | €111,752 | -€105,728 | -48.6% |
| Equity | 10/15 | €12,803 | €98,664 | +€85,861 | +670.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,160 | €8,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,357 | -€9,496 | +€85,861 | +90.0% |
| Amounts payable | 17/49 | €204,677 | €13,089 | -€191,588 | -93.6% |
| Amounts payable after more than one year | 17 | €2,786 | €0 | -€2,786 | -100.0% |
| Financial debts | 170/4 | €2,786 | €0 | -€2,786 | -100.0% |
| Amounts payable within one year | 42/48 | €201,159 | €12,555 | -€188,604 | -93.8% |
| Current portion of amounts payable after more than one year | 42 | €19,843 | €2,786 | -€17,057 | -86.0% |
| Financial debts | 43 | €30,000 | €0 | -€30,000 | -100.0% |
| Credit institutions | 430/8 | €30,000 | €0 | -€30,000 | -100.0% |
| Trade debts | 44 | €20,196 | €9,384 | -€10,812 | -53.5% |
| Suppliers | 440/4 | €20,196 | €9,384 | -€10,812 | -53.5% |
| Taxes, remuneration and social security | 45 | €600 | €385 | -€215 | -35.8% |
| Taxes | 450/3 | €600 | €385 | -€215 | -35.8% |
| Other amounts payable | 47/48 | €130,520 | €0 | -€130,520 | -100.0% |
| Accrued charges and deferred income | 492/3 | €732 | €533 | -€199 | -27.1% |
| Non-recurring operating income | 76A | - | €120,699 | +€120,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,577 | €4,626 | -€13,951 | -75.1% |
| Other operating charges | 640/8 | €2,950 | €5,069 | +€2,119 | +71.9% |
| Gross operating margin | 9900 | €10,345 | €100,066 | +€89,721 | +867.3% |
| Operating profit (loss) | 9901 | -€11,182 | €90,371 | +€101,552 | |
| Financial income | 75/76B | €14 | €912 | +€898 | +6317.3% |
| Recurring financial income | 75 | €14 | €912 | +€898 | +6317.3% |
| Financial charges | 65/66B | €4,010 | €5,064 | +€1,053 | +26.3% |
| Recurring financial charges | 65 | €4,010 | €5,064 | +€1,053 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,178 | €86,219 | +€101,397 | |
| Income taxes | 67/77 | - | €358 | +€358 | |
| Profit (loss) for the period | 9904 | -€15,178 | €85,861 | +€101,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,178 | €85,861 | +€101,038 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.