AL SAFA & CO: 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.
AL SAFA & CO
Largest movements
- Receivables within one year -€38,810
down €38,810 (-84.5%), from €45,955 to €7,144
of which Trade receivables: -€29,617
- Tangible fixed assets -€10,048
down €10,048 (-55.9%), from €17,988 to €7,939
of which Plant, machinery and equipment: -€8,848
- Stocks and contracts -€2,130
down €2,130 (-21.4%), from €9,961 to €7,831
- Trade debts -€46,301
no longer reported in 2025 (was €46,301)
- Profit (loss) carried forward +€15,108
up €15,108 (+23.6%), from €64,108 to €79,216
- Debts after one year -€6,518
no longer reported in 2025 (was €6,518)
- Current portion of long-term debt -€6,147
down €6,147 (-48.5%), from €12,665 to €6,518
- Tax, wage and social debts -€5,997
down €5,997 (-39.9%), from €15,024 to €9,027
of which Taxes: -€6,046
- Staff costs +€24,201
up €24,201 (+75.2%), from €32,164 to €56,365
- Gross operating margin +€9,355
up €9,355 (+11.4%), from €81,978 to €91,333
- Taxes -€4,964
down €4,964 (-49.6%), from €10,000 to €5,036
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.
Derived cash bridge
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 | €151,083 | €101,228 | -€49,855 | -33.0% |
| Fixed assets | 21/28 | €17,988 | €7,939 | -€10,048 | -55.9% |
| Tangible fixed assets | 22/27 | €17,988 | €7,939 | -€10,048 | -55.9% |
| Plant, machinery and equipment | 23 | €16,788 | €7,939 | -€8,848 | -52.7% |
| Furniture and vehicles | 24 | €1,200 | - | -€1,200 | |
| Current assets | 29/58 | €133,095 | €93,289 | -€39,806 | -29.9% |
| Stocks and contracts in progress | 3 | €9,961 | €7,831 | -€2,130 | -21.4% |
| Stocks | 30/36 | €9,961 | €7,831 | -€2,130 | -21.4% |
| Amounts receivable within one year | 40/41 | €45,955 | €7,144 | -€38,810 | -84.5% |
| Trade receivables | 40 | €30,648 | €1,031 | -€29,617 | -96.6% |
| Other amounts receivable | 41 | €15,307 | €6,113 | -€9,193 | -60.1% |
| Cash at bank and in hand | 54/58 | €77,179 | €78,314 | +€1,135 | +1.5% |
| Total equity and liabilities | 10/49 | €151,083 | €101,228 | -€49,855 | -33.0% |
| Equity | 10/15 | €70,576 | €85,684 | +€15,108 | +21.4% |
| Contributions | 10/11 | €6,468 | €6,468 | = | 0.0% |
| Capital | 10 | €6,468 | €6,468 | = | 0.0% |
| Issued capital | 100 | €18,500 | €18,500 | = | 0.0% |
| Uncalled capital | 101 | €12,032 | €12,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,108 | €79,216 | +€15,108 | +23.6% |
| Amounts payable | 17/49 | €80,507 | €15,544 | -€64,963 | -80.7% |
| Amounts payable after more than one year | 17 | €6,518 | - | -€6,518 | |
| Financial debts | 170/4 | €6,518 | - | -€6,518 | |
| Amounts payable within one year | 42/48 | €73,990 | €15,544 | -€58,445 | -79.0% |
| Current portion of amounts payable after more than one year | 42 | €12,665 | €6,518 | -€6,147 | -48.5% |
| Trade debts | 44 | €46,301 | - | -€46,301 | |
| Suppliers | 440/4 | €46,301 | - | -€46,301 | |
| Taxes, remuneration and social security | 45 | €15,024 | €9,027 | -€5,997 | -39.9% |
| Taxes | 450/3 | €11,082 | €5,036 | -€6,046 | -54.6% |
| Remuneration and social security | 454/9 | €3,942 | €3,991 | +€48 | +1.2% |
| Remuneration, social security and pensions | 62 | €32,164 | €56,365 | +€24,201 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,648 | €11,048 | +€400 | +3.8% |
| Other operating charges | 640/8 | €2,649 | €2,249 | -€400 | -15.1% |
| Gross operating margin | 9900 | €81,978 | €91,333 | +€9,355 | +11.4% |
| Operating profit (loss) | 9901 | €36,518 | €21,671 | -€14,847 | -40.7% |
| Financial charges | 65/66B | €1,922 | €1,527 | -€395 | -20.6% |
| Recurring financial charges | 65 | €1,922 | €1,527 | -€395 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €34,595 | €20,144 | -€14,451 | -41.8% |
| Income taxes | 67/77 | €10,000 | €5,036 | -€4,964 | -49.6% |
| Profit (loss) for the period | 9904 | €24,595 | €15,108 | -€9,487 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,595 | €15,108 | -€9,487 | -38.6% |
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 17 October 2026 via checked.be.