AB Safety NV: what changed
What changed
AB Safety NV
NACE 46.421, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€24,092
2023 · -€167,211+€143,119
Equity
€539,102
2023 · €301,762+€237,340
Cash
€12,686
2023 · €48,807-€36,121
Balance sheet total
€7.4m
2023 · €6.9m+€513,008
Largest movements
Assets
- Stocks and contracts +€764,533
up €764,533 (+21.2%), from €3.6m to €4.4m
- Receivables within one year -€275,193
down €275,193 (-10.8%), from €2.5m to €2.3m
of which Trade receivables: -€202,990
- Intangible fixed assets +€160,023
up €160,023 (+203%), from €78,867 to €238,889
Equity and liabilities
- Trade debts +€841,857
up €841,857 (+60.3%), from €1.4m to €2.2m
- Short-term financial debts -€546,481
down €546,481 (-13.1%), from €4.2m to €3.6m
of which Credit institutions: -€1.4m
- Contributions +€370,000
up €370,000 (+52.9%), from €700,000 to €1.1m
- Profit (loss) carried forward -€132,660
down €132,660 (-27.5%), from -€482,522 to -€615,182
Income statement
- Turnover -€802,569
down €802,569 (-8.7%), from €9.3m to €8.5m
- Goods and materials -€637,087
down €637,087 (-9.9%), from €6.5m to €5.8m
of which Change in stocks: decrease (increase): -€1.3m
- Write-downs -€177,788
down €177,788, from €159,722 to -€18,066
- Other operating income +€168,081
up €168,081 (+309%), from €54,381 to €222,462
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€167,211
Turnover
-€802,569
Other operating income
+€168,081
Goods and materials
+€637,087
Services and other goods
-€29,717
Staff costs
+€16,078
Depreciation
-€18,264
Write-downs
+€177,788
Other operating charges
-€19,570
Financial income
-€18,616
Financial charges
+€66,267
Taxes
-€33,444
Result 2024
-€24,092
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€491,864
Investment
-€217,295
Financing
-€310,690
Cash 2023
€48,807
From operations (derived)
+€491,864
Net result for the year
-€24,092
Depreciation
+€132,551
Stocks and contracts
-€764,533
Receivables within one year
+€275,193
Deferred charges and accrued income
+€24,955
Trade debts
+€841,857
Tax, wage and social debts
-€38,198
Other debts
+€56,987
Accrued charges and deferred income
-€12,856
Investment (derived)
-€217,295
Investment in fixed assets (net)
-€217,295
Financing
-€310,690
Debts after one year
-€25,642
Short-term financial debts
-€546,481
Contributions, distributions and other
+€261,432
Cash 2024
€12,686
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,918,417 | €7,431,425 | +€513,008 | +7.4% |
| Formation expenses | 20 | €110,652 | €87,954 | -€22,698 | -20.5% |
| Fixed assets | 21/28 | €300,767 | €408,208 | +€107,441 | +35.7% |
| Intangible fixed assets | 21 | €78,867 | €238,889 | +€160,023 | +203% |
| Tangible fixed assets | 22/27 | €141,900 | €89,218 | -€52,682 | -37.1% |
| Furniture and vehicles | 24 | €86,332 | €46,969 | -€39,364 | -45.6% |
| Other tangible fixed assets | 26 | €55,567 | €42,249 | -€13,318 | -24.0% |
| Financial fixed assets | 28 | €80,001 | €80,101 | +€100 | +0.1% |
| Affiliated companies | 280/1 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable | 281 | €80,000 | €80,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1 | €101 | +€100 | +10,000% |
| Shares | 284 | €1 | €1 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | - | €100 | +€100 | |
| Current assets | 29/58 | €6,506,998 | €6,935,263 | +€428,264 | +6.6% |
| Stocks and contracts in progress | 3 | €3,603,560 | €4,368,093 | +€764,533 | +21.2% |
| Stocks | 30/36 | €3,603,560 | €4,368,093 | +€764,533 | +21.2% |
| Goods purchased for resale | 34 | €3,603,560 | €3,805,908 | +€202,348 | +5.6% |
| Advance payments | 36 | - | €562,186 | +€562,186 | |
| Amounts receivable within one year | 40/41 | €2,543,405 | €2,268,212 | -€275,193 | -10.8% |
| Trade receivables | 40 | €2,454,244 | €2,251,254 | -€202,990 | -8.3% |
| Other amounts receivable | 41 | €89,161 | €16,958 | -€72,203 | -81.0% |
| Cash at bank and in hand | 54/58 | €48,807 | €12,686 | -€36,121 | -74.0% |
| Deferred charges and accrued income | 490/1 | €311,226 | €286,271 | -€24,955 | -8.0% |
| Total equity and liabilities | 10/49 | €6,918,417 | €7,431,425 | +€513,008 | +7.4% |
| Equity | 10/15 | €301,762 | €539,102 | +€237,340 | +78.7% |
| Contributions | 10/11 | €700,000 | €1,070,000 | +€370,000 | +52.9% |
| Capital | 10 | €700,000 | €1,070,000 | +€370,000 | +52.9% |
| Issued capital | 100 | €700,000 | €1,070,000 | +€370,000 | +52.9% |
| Reserves | 13 | €84,284 | €84,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €84,284 | €84,284 | = | 0.0% |
| Legal reserve | 130 | €84,284 | €84,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€482,522 | -€615,182 | -€132,660 | -27.5% |
| Amounts payable | 17/49 | €6,616,656 | €6,892,323 | +€275,667 | +4.2% |
| Amounts payable after more than one year | 17 | €370,000 | €344,358 | -€25,642 | -6.9% |
| Financial debts | 170/4 | €370,000 | €344,358 | -€25,642 | -6.9% |
| Subordinated loans | 170 | - | €344,358 | +€344,358 | |
| Other loans | 174 | €370,000 | - | -€370,000 | |
| Amounts payable within one year | 42/48 | €5,917,773 | €6,231,939 | +€314,166 | +5.3% |
| Financial debts | 43 | €4,157,034 | €3,610,554 | -€546,481 | -13.1% |
| Credit institutions | 430/8 | €4,157,034 | €2,783,255 | -€1.4m | -33.0% |
| Other loans | 439 | - | €827,299 | +€827,299 | |
| Trade debts | 44 | €1,395,068 | €2,236,925 | +€841,857 | +60.3% |
| Suppliers | 440/4 | €1,395,068 | €2,236,925 | +€841,857 | +60.3% |
| Taxes, remuneration and social security | 45 | €285,670 | €247,473 | -€38,198 | -13.4% |
| Taxes | 450/3 | €208,720 | €183,373 | -€25,347 | -12.1% |
| Remuneration and social security | 454/9 | €76,951 | €64,100 | -€12,851 | -16.7% |
| Other amounts payable | 47/48 | €80,000 | €136,987 | +€56,987 | +71.2% |
| Accrued charges and deferred income | 492/3 | €328,883 | €316,026 | -€12,856 | -3.9% |
| Operating income | 70/76A | €9,318,952 | €8,684,465 | -€634,488 | -6.8% |
| Turnover | 70 | €9,264,571 | €8,462,002 | -€802,569 | -8.7% |
| Other operating income | 74 | €54,381 | €222,462 | +€168,081 | +309% |
| Operating charges | 60/66A | €9,189,973 | €8,426,572 | -€763,401 | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €6,455,224 | €5,818,137 | -€637,087 | -9.9% |
| Purchases | 600/8 | €5,352,902 | €6,019,901 | +€666,999 | +12.5% |
| Change in stocks: decrease (increase) | 609 | €1,102,322 | -€201,764 | -€1.3m | |
| Services and other goods | 61 | €1,752,634 | €1,782,351 | +€29,717 | +1.7% |
| Remuneration, social security and pensions | 62 | €703,460 | €687,383 | -€16,078 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,287 | €132,551 | +€18,264 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €159,722 | -€18,066 | -€177,788 | |
| Other operating charges | 640/8 | €4,645 | €24,216 | +€19,570 | +421% |
| Operating profit (loss) | 9901 | €128,979 | €257,892 | +€128,913 | +99.9% |
| Financial income | 75/76B | €111,569 | €92,952 | -€18,616 | -16.7% |
| Recurring financial income | 75 | €108,175 | €62,129 | -€46,046 | -42.6% |
| Other financial income | 752/9 | €108,175 | €62,129 | -€46,046 | -42.6% |
| Non-recurring financial income | 76B | €3,394 | €30,824 | +€27,430 | +808% |
| Financial charges | 65/66B | €441,160 | €374,893 | -€66,267 | -15.0% |
| Recurring financial charges | 65 | €397,882 | €374,893 | -€22,990 | -5.8% |
| Debt charges | 650 | €232,512 | €181,709 | -€50,803 | -21.8% |
| Other financial charges | 652/9 | €165,371 | €193,184 | +€27,813 | +16.8% |
| Non-recurring financial charges | 66B | €43,277 | - | -€43,277 | |
| Profit (loss) for the period before taxes | 9903 | -€200,611 | -€24,048 | +€176,564 | +88.0% |
| Income taxes | 67/77 | -€33,400 | €44 | +€33,444 | |
| Taxes | 670/3 | - | €44 | +€44 | |
| Tax adjustments and reversals of tax provisions | 77 | €33,400 | - | -€33,400 | |
| Profit (loss) for the period | 9904 | -€167,211 | -€24,092 | +€143,119 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€167,211 | -€24,092 | +€143,119 | +85.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.