B - 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.
B - SAFE
Largest movements
- Receivables within one year -€20,351
down €20,351 (-54.3%), from €37,472 to €17,120
of which Trade receivables: -€20,022
- Cash +€2,151
up €2,151 (+345%), from €624 to €2,775
mainly Receivables within one year (+€20,351) and Depreciation (+€34)
- Tangible fixed assets +€452
up €452, from €0 to €452
of which Plant, machinery and equipment: +€452
- Trade debts -€13,200
down €13,200 (-99.7%), from €13,238 to €38
- Profit (loss) carried forward -€2,728
down €2,728 (-5.3%), from -€51,847 to -€54,575
- Tax, wage and social debts -€1,820
down €1,820 (-24.5%), from €7,436 to €5,616
- Gross operating margin -€5,257
down €5,257, from €3,608 to -€1,649
- Other operating charges +€418
up €418 (+106%), from €393 to €811
- Financial charges -€101
down €101 (-30.0%), from €335 to €235
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 | €38,095 | €20,347 | -€17,748 | -46.6% |
| Fixed assets | 21/28 | €0 | €452 | +€452 | |
| Tangible fixed assets | 22/27 | €0 | €452 | +€452 | |
| Plant, machinery and equipment | 23 | - | €452 | +€452 | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €38,095 | €19,895 | -€18,200 | -47.8% |
| Amounts receivable within one year | 40/41 | €37,472 | €17,120 | -€20,351 | -54.3% |
| Trade receivables | 40 | €26,476 | €6,454 | -€20,022 | -75.6% |
| Other amounts receivable | 41 | €10,996 | €10,666 | -€329 | -3.0% |
| Cash at bank and in hand | 54/58 | €624 | €2,775 | +€2,151 | +345% |
| Total equity and liabilities | 10/49 | €38,095 | €20,347 | -€17,748 | -46.6% |
| Equity | 10/15 | €8,110 | €5,382 | -€2,728 | -33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,357 | €41,357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,497 | €39,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,847 | -€54,575 | -€2,728 | -5.3% |
| Amounts payable | 17/49 | €29,985 | €14,965 | -€15,020 | -50.1% |
| Amounts payable within one year | 42/48 | €29,985 | €14,965 | -€15,020 | -50.1% |
| Trade debts | 44 | €13,238 | €38 | -€13,200 | -99.7% |
| Suppliers | 440/4 | €13,238 | €38 | -€13,200 | -99.7% |
| Taxes, remuneration and social security | 45 | €7,436 | €5,616 | -€1,820 | -24.5% |
| Taxes | 450/3 | €7,436 | €5,616 | -€1,820 | -24.5% |
| Other amounts payable | 47/48 | €9,312 | €9,312 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €34 | +€34 | |
| Other operating charges | 640/8 | €393 | €811 | +€418 | +106% |
| Gross operating margin | 9900 | €3,608 | -€1,649 | -€5,257 | |
| Operating profit (loss) | 9901 | €3,215 | -€2,494 | -€5,709 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €335 | €235 | -€101 | -30.0% |
| Recurring financial charges | 65 | €335 | €235 | -€101 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €2,880 | -€2,728 | -€5,608 | |
| Profit (loss) for the period | 9904 | €2,880 | -€2,728 | -€5,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,880 | -€2,728 | -€5,608 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.