EL SAFAA: 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.
EL SAFAA
Largest movements
- Stocks and contracts +€25,151
up €25,151 (+134%), from €18,746 to €43,897
- Receivables within one year -€12,212
down €12,212 (-49.6%), from €24,619 to €12,407
- Financial fixed assets +€3,300
new in 2025: €3,300
- Cash -€2,190
down €2,190 (-52.2%), from €4,196 to €2,006
mainly Stocks and contracts (-€25,151) and Investment in fixed assets (net) (-€3,300)
- Tangible fixed assets -€1,240
down €1,240 (-12.5%), from €9,917 to €8,678
- Profit (loss) carried forward +€9,945
up €9,945 (+24.5%), from €40,590 to €50,535
- Trade debts +€1,445
up €1,445 (+255%), from €566 to €2,010
- Tax, wage and social debts +€1,419
up €1,419 (+14.0%), from €10,123 to €11,543
- Turnover -€127,226
no longer reported in 2025 (was €127,226)
- Purchases and services -€105,860
no longer reported in 2025 (was €105,860)
- Other operating charges +€5,401
up €5,401 (+589%), from €917 to €6,318
- Gross operating margin -€1,770
down €1,770 (-7.8%), from €22,606 to €20,836
- Taxes -€1,654
down €1,654 (-37.1%), from €4,458 to €2,804
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 | €57,478 | €70,287 | +€12,809 | +22.3% |
| Fixed assets | 21/28 | €9,917 | €11,978 | +€2,060 | +20.8% |
| Tangible fixed assets | 22/27 | €9,917 | €8,678 | -€1,240 | -12.5% |
| Plant, machinery and equipment | 23 | €9,917 | €8,678 | -€1,240 | -12.5% |
| Financial fixed assets | 28 | - | €3,300 | +€3,300 | |
| Current assets | 29/58 | €47,561 | €58,310 | +€10,749 | +22.6% |
| Stocks and contracts in progress | 3 | €18,746 | €43,897 | +€25,151 | +134% |
| Stocks | 30/36 | €18,746 | €43,897 | +€25,151 | +134% |
| Amounts receivable within one year | 40/41 | €24,619 | €12,407 | -€12,212 | -49.6% |
| Other amounts receivable | 41 | €24,619 | €12,407 | -€12,212 | -49.6% |
| Cash at bank and in hand | 54/58 | €4,196 | €2,006 | -€2,190 | -52.2% |
| Total equity and liabilities | 10/49 | €57,478 | €70,287 | +€12,809 | +22.3% |
| Equity | 10/15 | €46,790 | €56,735 | +€9,945 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,590 | €50,535 | +€9,945 | +24.5% |
| Amounts payable | 17/49 | €10,689 | €13,553 | +€2,864 | +26.8% |
| Amounts payable within one year | 42/48 | €10,689 | €13,553 | +€2,864 | +26.8% |
| Trade debts | 44 | €566 | €2,010 | +€1,445 | +255% |
| Suppliers | 440/4 | €566 | €2,010 | +€1,445 | +255% |
| Taxes, remuneration and social security | 45 | €10,123 | €11,543 | +€1,419 | +14.0% |
| Taxes | 450/3 | €10,123 | €11,543 | +€1,419 | +14.0% |
| Turnover | 70 | €127,226 | - | -€127,226 | |
| Goods, raw materials, services and sundry goods | 60/61 | €105,860 | - | -€105,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €1,240 | = | 0.0% |
| Other operating charges | 640/8 | €917 | €6,318 | +€5,401 | +589% |
| Gross operating margin | 9900 | €22,606 | €20,836 | -€1,770 | -7.8% |
| Operating profit (loss) | 9901 | €20,449 | €13,279 | -€7,171 | -35.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €529 | +€529 | |
| Recurring financial charges | 65 | - | €529 | +€529 | |
| Profit (loss) for the period before taxes | 9903 | €20,449 | €12,749 | -€7,700 | -37.7% |
| Income taxes | 67/77 | €4,458 | €2,804 | -€1,654 | -37.1% |
| Profit (loss) for the period | 9904 | €15,991 | €9,945 | -€6,045 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,991 | €9,945 | -€6,045 | -37.8% |
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 24 October 2026 via checked.be.