AL SAFI: 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 SAFI
Largest movements
- Tangible fixed assets +€135,975
up €135,975 (+6,098%), from €2,230 to €138,204
- Cash +€18,855
up €18,855 (+34.0%), from €55,526 to €74,381
mainly Debts after one year (+€68,980) and Trade debts (+€38,894)
- Intangible fixed assets -€14,044
down €14,044 (-35.7%), from €39,365 to €25,321
- Debts after one year +€68,980
up €68,980 (+177%), from €39,069 to €108,049
- Trade debts +€38,894
up €38,894 (+394%), from €9,881 to €48,775
- Current portion of long-term debt +€22,594
up €22,594 (+200%), from €11,301 to €33,895
- Reserves +€14,107
up €14,107 (+56.4%), from €25,000 to €39,107
- Gross operating margin -€16,384
down €16,384 (-24.7%), from €66,246 to €49,862
- Other operating charges +€6,587
up €6,587 (+616%), from €1,069 to €7,656
- Depreciation -€5,632
down €5,632 (-23.6%), from €23,897 to €18,265
- Taxes -€5,086
down €5,086 (-50.2%), from €10,129 to €5,043
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 | €110,219 | €252,869 | +€142,650 | +129% |
| Fixed assets | 21/28 | €41,595 | €163,525 | +€121,930 | +293% |
| Intangible fixed assets | 21 | €39,365 | €25,321 | -€14,044 | -35.7% |
| Tangible fixed assets | 22/27 | €2,230 | €138,204 | +€135,975 | +6,098% |
| Plant, machinery and equipment | 23 | €1,085 | €34,041 | +€32,955 | +3,037% |
| Furniture and vehicles | 24 | - | €4,032 | +€4,032 | |
| Leasing and similar rights | 25 | €1,145 | €51,761 | +€50,617 | +4,422% |
| Other tangible fixed assets | 26 | - | €48,371 | +€48,371 | |
| Current assets | 29/58 | €68,624 | €89,343 | +€20,719 | +30.2% |
| Stocks and contracts in progress | 3 | €3,715 | €6,006 | +€2,291 | +61.7% |
| Stocks | 30/36 | €3,715 | €6,006 | +€2,291 | +61.7% |
| Amounts receivable within one year | 40/41 | €8,953 | €7,535 | -€1,418 | -15.8% |
| Trade receivables | 40 | €11 | €0 | -€11 | -100% |
| Other amounts receivable | 41 | €8,942 | €7,535 | -€1,407 | -15.7% |
| Cash at bank and in hand | 54/58 | €55,526 | €74,381 | +€18,855 | +34.0% |
| Deferred charges and accrued income | 490/1 | €430 | €1,421 | +€991 | +231% |
| Total equity and liabilities | 10/49 | €110,219 | €252,869 | +€142,650 | +129% |
| Equity | 10/15 | €27,029 | €41,136 | +€14,107 | +52.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €39,107 | +€14,107 | +56.4% |
| Distributable reserves | 133 | €25,000 | €39,107 | +€14,107 | +56.4% |
| Profit (loss) carried forward | 14 | €29 | €29 | = | 0.0% |
| Amounts payable | 17/49 | €83,190 | €211,733 | +€128,543 | +155% |
| Amounts payable after more than one year | 17 | €39,069 | €108,049 | +€68,980 | +177% |
| Financial debts | 170/4 | €39,069 | €108,049 | +€68,980 | +177% |
| Amounts payable within one year | 42/48 | €44,121 | €103,402 | +€59,281 | +134% |
| Current portion of amounts payable after more than one year | 42 | €11,301 | €33,895 | +€22,594 | +200% |
| Trade debts | 44 | €9,881 | €48,775 | +€38,894 | +394% |
| Suppliers | 440/4 | €9,881 | €48,775 | +€38,894 | +394% |
| Taxes, remuneration and social security | 45 | €18,750 | €16,802 | -€1,948 | -10.4% |
| Taxes | 450/3 | €11,843 | €12,007 | +€164 | +1.4% |
| Remuneration and social security | 454/9 | €6,907 | €4,795 | -€2,112 | -30.6% |
| Other amounts payable | 47/48 | €4,189 | €3,930 | -€259 | -6.2% |
| Accrued charges and deferred income | 492/3 | - | €282 | +€282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,897 | €18,265 | -€5,632 | -23.6% |
| Other operating charges | 640/8 | €1,069 | €7,656 | +€6,587 | +616% |
| Gross operating margin | 9900 | €66,246 | €49,862 | -€16,384 | -24.7% |
| Operating profit (loss) | 9901 | €41,279 | €23,940 | -€17,339 | -42.0% |
| Financial income | 75/76B | €1,616 | €1,142 | -€475 | -29.4% |
| Recurring financial income | 75 | €1,616 | €1,142 | -€475 | -29.4% |
| Financial charges | 65/66B | €6,038 | €5,932 | -€106 | -1.8% |
| Recurring financial charges | 65 | €6,038 | €5,932 | -€106 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €36,858 | €19,150 | -€17,708 | -48.0% |
| Income taxes | 67/77 | €10,129 | €5,043 | -€5,086 | -50.2% |
| Profit (loss) for the period | 9904 | €26,729 | €14,107 | -€12,622 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,729 | €14,107 | -€12,622 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.