B-SAFE BRUSSELS: 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 BRUSSELS
Largest movements
- Intangible fixed assets -€249,661
down €249,661 (-20.5%), from €1.2m to €970,231
- Cash -€129,061
down €129,061 (-27.3%), from €472,423 to €343,362
mainly Debts after one year (-€255,713) and Contributions, distributions and other (-€200,000)
- Receivables after one year -€48,948
down €48,948 (-17.3%), from €282,922 to €233,974
- Receivables within one year +€43,989
up €43,989 (+55.8%), from €78,820 to €122,809
of which Trade receivables: +€70,415
- Debts after one year -€255,713
down €255,713 (-22.1%), from €1.2m to €901,523
- Profit (loss) carried forward -€134,056
down €134,056 (-42.1%), from €318,547 to €184,491
- Staff costs +€18,885
up €18,885 (+8.7%), from €217,288 to €236,173
- Taxes -€6,861
down €6,861 (-23.5%), from €29,137 to €22,276
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 | €2,105,945 | €1,703,057 | -€402,887 | -19.1% |
| Fixed assets | 21/28 | €1,221,030 | €970,719 | -€250,312 | -20.5% |
| Intangible fixed assets | 21 | €1,219,892 | €970,231 | -€249,661 | -20.5% |
| Tangible fixed assets | 22/27 | €1,138 | €488 | -€650 | -57.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,138 | €488 | -€650 | -57.1% |
| Current assets | 29/58 | €884,915 | €732,339 | -€152,576 | -17.2% |
| Amounts receivable after more than one year | 29 | €282,922 | €233,974 | -€48,948 | -17.3% |
| Other amounts receivable | 291 | €282,922 | €233,974 | -€48,948 | -17.3% |
| Amounts receivable within one year | 40/41 | €78,820 | €122,809 | +€43,989 | +55.8% |
| Trade receivables | 40 | €24,655 | €95,070 | +€70,415 | +285.6% |
| Other amounts receivable | 41 | €54,165 | €27,739 | -€26,426 | -48.8% |
| Cash at bank and in hand | 54/58 | €472,423 | €343,362 | -€129,061 | -27.3% |
| Deferred charges and accrued income | 490/1 | €50,750 | €32,194 | -€18,556 | -36.6% |
| Total equity and liabilities | 10/49 | €2,105,945 | €1,703,057 | -€402,887 | -19.1% |
| Equity | 10/15 | €386,747 | €252,691 | -€134,056 | -34.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,547 | €184,491 | -€134,056 | -42.1% |
| Amounts payable | 17/49 | €1,719,198 | €1,450,367 | -€268,831 | -15.6% |
| Amounts payable after more than one year | 17 | €1,157,236 | €901,523 | -€255,713 | -22.1% |
| Financial debts | 170/4 | €1,157,236 | €901,523 | -€255,713 | -22.1% |
| Amounts payable within one year | 42/48 | €496,232 | €501,679 | +€5,447 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €252,556 | €255,713 | +€3,157 | +1.2% |
| Trade debts | 44 | €15,803 | €18,146 | +€2,343 | +14.8% |
| Suppliers | 440/4 | €15,803 | €18,146 | +€2,343 | +14.8% |
| Taxes, remuneration and social security | 45 | €23,329 | €27,974 | +€4,644 | +19.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €23,329 | €27,974 | +€4,644 | +19.9% |
| Other amounts payable | 47/48 | €204,543 | €199,846 | -€4,697 | -2.3% |
| Accrued charges and deferred income | 492/3 | €65,730 | €47,165 | -€18,565 | -28.2% |
| Remuneration, social security and pensions | 62 | €217,288 | €236,173 | +€18,885 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252,149 | €250,312 | -€1,837 | -0.7% |
| Other operating charges | 640/8 | €1,227 | €2,939 | +€1,712 | +139.6% |
| Non-recurring operating charges | 66A | €0 | €249 | +€249 | |
| Gross operating margin | 9900 | €589,162 | €594,229 | +€5,067 | +0.9% |
| Operating profit (loss) | 9901 | €118,498 | €104,556 | -€13,943 | -11.8% |
| Financial income | 75/76B | €5,567 | €5,906 | +€340 | +6.1% |
| Recurring financial income | 75 | €5,567 | €5,906 | +€340 | +6.1% |
| Financial charges | 65/66B | €21,087 | €22,242 | +€1,155 | +5.5% |
| Recurring financial charges | 65 | €21,087 | €22,242 | +€1,155 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €102,977 | €88,220 | -€14,757 | -14.3% |
| Income taxes | 67/77 | €29,137 | €22,276 | -€6,861 | -23.5% |
| Profit (loss) for the period | 9904 | €73,841 | €65,944 | -€7,896 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,841 | €65,944 | -€7,896 | -10.7% |
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 12 October 2026 via checked.be.