A-Safe: 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.
A-Safe
Largest movements
- Receivables within one year +€111,236
up €111,236 (+8.1%), from €1.4m to €1.5m
of which Trade receivables: +€84,174
- Cash -€37,213
down €37,213 (-7.3%), from €507,743 to €470,530
mainly Receivables within one year (-€111,236) and Tax, wage and social debts (-€33,362)
- Deferred charges and accrued income -€24,531
down €24,531 (-74.4%), from €32,985 to €8,454
- Profit (loss) carried forward +€61,955
up €61,955 (+3714.1%), from €1,668 to €63,623
- Trade debts +€43,968
up €43,968 (+3.1%), from €1.4m to €1.5m
- Tax, wage and social debts -€33,362
down €33,362 (-21.8%), from €152,729 to €119,367
of which Remuneration and social security: -€19,071
- Accrued charges and deferred income -€29,200
down €29,200 (-58.4%), from €49,998 to €20,798
- Gross operating margin -€239,430
down €239,430 (-21.7%), from €1.1m to €864,513
- Staff costs -€145,348
down €145,348 (-15.4%), from €943,056 to €797,708
- Taxes -€19,839
down €19,839 (-37.9%), from €52,344 to €32,506
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 | €2,055,184 | €2,098,545 | +€43,361 | +2.1% |
| Fixed assets | 21/28 | €32,046 | €25,915 | -€6,131 | -19.1% |
| Tangible fixed assets | 22/27 | €20,406 | €16,825 | -€3,581 | -17.5% |
| Land and buildings | 22 | €12,281 | €8,301 | -€3,981 | -32.4% |
| Plant, machinery and equipment | 23 | €890 | €795 | -€95 | -10.7% |
| Furniture and vehicles | 24 | €7,234 | €7,730 | +€495 | +6.8% |
| Financial fixed assets | 28 | €11,640 | €9,090 | -€2,550 | -21.9% |
| Current assets | 29/58 | €2,023,139 | €2,072,630 | +€49,492 | +2.4% |
| Stocks and contracts in progress | 3 | €114,624 | €114,624 | = | 0.0% |
| Stocks | 30/36 | €114,624 | €114,624 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,367,786 | €1,479,022 | +€111,236 | +8.1% |
| Trade receivables | 40 | €1,361,659 | €1,445,833 | +€84,174 | +6.2% |
| Other amounts receivable | 41 | €6,126 | €33,188 | +€27,062 | +441.7% |
| Cash at bank and in hand | 54/58 | €507,743 | €470,530 | -€37,213 | -7.3% |
| Deferred charges and accrued income | 490/1 | €32,985 | €8,454 | -€24,531 | -74.4% |
| Total equity and liabilities | 10/49 | €2,055,184 | €2,098,545 | +€43,361 | +2.1% |
| Equity | 10/15 | €304,668 | €366,623 | +€61,955 | +20.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €283,000 | €283,000 | = | 0.0% |
| Distributable reserves | 133 | €283,000 | €283,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,668 | €63,623 | +€61,955 | +3714.1% |
| Amounts payable | 17/49 | €1,750,516 | €1,731,922 | -€18,594 | -1.1% |
| Amounts payable after more than one year | 17 | €115,290 | €115,290 | = | 0.0% |
| Financial debts | 170/4 | €115,290 | €115,290 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,585,227 | €1,595,834 | +€10,606 | +0.7% |
| Trade debts | 44 | €1,432,499 | €1,476,466 | +€43,968 | +3.1% |
| Suppliers | 440/4 | €1,432,499 | €1,476,466 | +€43,968 | +3.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €152,729 | €119,367 | -€33,362 | -21.8% |
| Taxes | 450/3 | €50,273 | €35,982 | -€14,291 | -28.4% |
| Remuneration and social security | 454/9 | €102,455 | €83,385 | -€19,071 | -18.6% |
| Accrued charges and deferred income | 492/3 | €49,998 | €20,798 | -€29,200 | -58.4% |
| Remuneration, social security and pensions | 62 | €943,056 | €797,708 | -€145,348 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,718 | €8,755 | -€3,963 | -31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,888 | -€9,843 | -€4,956 | -101.4% |
| Other operating charges | 640/8 | €1,308 | €1,379 | +€70 | +5.4% |
| Gross operating margin | 9900 | €1,103,943 | €864,513 | -€239,430 | -21.7% |
| Operating profit (loss) | 9901 | €151,749 | €66,515 | -€85,234 | -56.2% |
| Financial income | 75/76B | €33,402 | €28,293 | -€5,109 | -15.3% |
| Recurring financial income | 75 | €33,402 | €28,293 | -€5,109 | -15.3% |
| Financial charges | 65/66B | €325 | €347 | +€22 | +6.9% |
| Recurring financial charges | 65 | €325 | €347 | +€22 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €184,826 | €94,461 | -€90,365 | -48.9% |
| Income taxes | 67/77 | €52,344 | €32,506 | -€19,839 | -37.9% |
| Profit (loss) for the period | 9904 | €132,481 | €61,955 | -€70,527 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,481 | €61,955 | -€70,527 | -53.2% |
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 11 October 2026 via checked.be.