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CU SAFE: what changed

Two fiscal 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.

What changed

CU SAFE

BE 0802.318.375
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€23,812
2023 · €39,227-€15,416
Equity
€47,039
2023 · €36,227+€10,812
Cash
€64,177
2023 · €44,711+€19,467
Balance sheet total
€95,318
2023 · €82,289+€13,029

Largest movements

2023 to 2024
Assets
  • Cash +€19,467

    up €19,467 (+43.5%), from €44,711 to €64,177

    mainly Net result for the year (+€23,812) and Other debts (+€7,400)

  • Tangible fixed assets -€5,099

    down €5,099 (-40.0%), from €12,738 to €7,639

  • Receivables within one year -€1,339

    down €1,339 (-5.4%), from €24,841 to €23,502

    of which Other amounts receivable: -€1,732

Equity and liabilities
  • Trade debts -€12,466

    down €12,466 (-82.4%), from €15,126 to €2,659

  • Profit (loss) carried forward +€10,812

    up €10,812 (+34.6%), from €31,227 to €42,039

  • Other debts +€7,400

    up €7,400 (+132.1%), from €5,600 to €13,000

  • Tax, wage and social debts +€7,284

    up €7,284 (+28.7%), from €25,336 to €32,620

    of which Taxes: +€4,419

Income statement
  • Staff costs +€19,105

    up €19,105 (+165.4%), from €11,550 to €30,655

  • Gross operating margin +€4,388

    up €4,388 (+6.8%), from €64,653 to €69,041

  • Depreciation +€2,541

    up €2,541 (+99.3%), from €2,558 to €5,099

  • Taxes -€2,524

    down €2,524 (-22.9%), from €11,010 to €8,486

  • Financial charges +€994

    up €994 (+2043.3%), from €49 to €1,043

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €39,227
Gross operating margin +€4,388
Staff costs -€19,105
Depreciation -€2,541
Other operating charges +€47
Financial income +€265
Financial charges -€994
Taxes +€2,524
Result 2024 €23,812

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€32,467
Investment €0
Financing -€13,000
Cash 2023 €44,711
Net result for the year +€23,812
Depreciation +€5,099
Receivables within one year +€1,339
Trade debts -€12,466
Tax, wage and social debts +€7,284
Other debts +€7,400
Contributions, distributions and other -€13,000
Cash 2024 €64,177
Every line side by side 34 lines
Line Code 2023 2024 Change %
Total assets 20/58 €82,289 €95,318 +€13,029 +15.8%
Fixed assets 21/28 €12,738 €7,639 -€5,099 -40.0%
Tangible fixed assets 22/27 €12,738 €7,639 -€5,099 -40.0%
Furniture and vehicles 24 €12,738 €7,639 -€5,099 -40.0%
Current assets 29/58 €69,551 €87,679 +€18,128 +26.1%
Amounts receivable within one year 40/41 €24,841 €23,502 -€1,339 -5.4%
Trade receivables 40 €15,337 €15,730 +€393 +2.6%
Other amounts receivable 41 €9,504 €7,772 -€1,732 -18.2%
Cash at bank and in hand 54/58 €44,711 €64,177 +€19,467 +43.5%
Total equity and liabilities 10/49 €82,289 €95,318 +€13,029 +15.8%
Equity 10/15 €36,227 €47,039 +€10,812 +29.8%
Contributions 10/11 €5,000 €5,000 = 0.0%
Profit (loss) carried forward 14 €31,227 €42,039 +€10,812 +34.6%
Amounts payable 17/49 €46,062 €48,279 +€2,217 +4.8%
Amounts payable within one year 42/48 €46,062 €48,279 +€2,217 +4.8%
Trade debts 44 €15,126 €2,659 -€12,466 -82.4%
Suppliers 440/4 €15,126 €2,659 -€12,466 -82.4%
Taxes, remuneration and social security 45 €25,336 €32,620 +€7,284 +28.7%
Taxes 450/3 €24,317 €28,736 +€4,419 +18.2%
Remuneration and social security 454/9 €1,019 €3,884 +€2,864 +281.1%
Other amounts payable 47/48 €5,600 €13,000 +€7,400 +132.1%
Remuneration, social security and pensions 62 €11,550 €30,655 +€19,105 +165.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,558 €5,099 +€2,541 +99.3%
Other operating charges 640/8 €434 €387 -€47 -10.8%
Gross operating margin 9900 €64,653 €69,041 +€4,388 +6.8%
Operating profit (loss) 9901 €50,111 €32,900 -€17,211 -34.3%
Financial income 75/76B €175 €440 +€265 +151.0%
Recurring financial income 75 €175 €440 +€265 +151.0%
Financial charges 65/66B €49 €1,043 +€994 +2043.3%
Recurring financial charges 65 €49 €1,043 +€994 +2043.3%
Profit (loss) for the period before taxes 9903 €50,238 €32,298 -€17,940 -35.7%
Income taxes 67/77 €11,010 €8,486 -€2,524 -22.9%
Profit (loss) for the period 9904 €39,227 €23,812 -€15,416 -39.3%
Profit (loss) for the period to be appropriated 9905 €39,227 €23,812 -€15,416 -39.3%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.