FIRST SAFETY TRADING: 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.
FIRST SAFETY TRADING
Largest movements
- Cash +€48,765
up €48,765 (+212%), from €22,996 to €71,761
mainly Net result for the year (+€36,407) and Depreciation (+€14,647)
- Tangible fixed assets -€13,466
down €13,466 (-42.4%), from €31,724 to €18,258
of which Furniture and vehicles: -€13,756
- Receivables within one year -€12,077
down €12,077 (-69.2%), from €17,449 to €5,373
of which Trade receivables: -€14,026
- Deferred charges and accrued income +€4,033
new in 2025: €4,033
- Financial fixed assets -€2,426
down €2,426 (-29.5%), from €8,225 to €5,799
- Profit (loss) carried forward +€36,407
up €36,407, from -€678 to €35,729
- Tax, wage and social debts +€8,929
up €8,929 (+22.0%), from €40,661 to €49,590
of which Taxes: +€8,948
- Debts after one year -€7,947
down €7,947 (-30.8%), from €25,833 to €17,886
- Other debts -€7,911
no longer reported in 2025 (was €7,911)
- Short-term financial debts -€3,317
no longer reported in 2025 (was €3,317)
- Gross operating margin +€65,096
up €65,096 (+255%), from €25,516 to €90,611
- Taxes +€19,810
new in 2025: €19,810
- Staff costs -€4,635
down €4,635 (-21.6%), from €21,447 to €16,812
- Depreciation +€3,374
up €3,374 (+29.9%), from €11,274 to €14,647
- Financial income +€2,002
up €2,002 (+370,730%), from €1 to €2,002
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 | €89,799 | €114,276 | +€24,477 | +27.3% |
| Fixed assets | 21/28 | €39,949 | €24,056 | -€15,892 | -39.8% |
| Tangible fixed assets | 22/27 | €31,724 | €18,258 | -€13,466 | -42.4% |
| Plant, machinery and equipment | 23 | €768 | €1,058 | +€290 | +37.7% |
| Furniture and vehicles | 24 | €30,956 | €17,200 | -€13,756 | -44.4% |
| Financial fixed assets | 28 | €8,225 | €5,799 | -€2,426 | -29.5% |
| Current assets | 29/58 | €49,851 | €90,220 | +€40,369 | +81.0% |
| Stocks and contracts in progress | 3 | €9,405 | €9,052 | -€353 | -3.8% |
| Stocks | 30/36 | €9,405 | €9,052 | -€353 | -3.8% |
| Amounts receivable within one year | 40/41 | €17,449 | €5,373 | -€12,077 | -69.2% |
| Trade receivables | 40 | €14,761 | €735 | -€14,026 | -95.0% |
| Other amounts receivable | 41 | €2,689 | €4,638 | +€1,949 | +72.5% |
| Cash at bank and in hand | 54/58 | €22,996 | €71,761 | +€48,765 | +212% |
| Deferred charges and accrued income | 490/1 | - | €4,033 | +€4,033 | |
| Total equity and liabilities | 10/49 | €89,799 | €114,276 | +€24,477 | +27.3% |
| Equity | 10/15 | -€678 | €35,729 | +€36,407 | |
| Profit (loss) carried forward | 14 | -€678 | €35,729 | +€36,407 | |
| Amounts payable | 17/49 | €90,478 | €78,547 | -€11,930 | -13.2% |
| Amounts payable after more than one year | 17 | €25,833 | €17,886 | -€7,947 | -30.8% |
| Financial debts | 170/4 | €25,833 | €17,886 | -€7,947 | -30.8% |
| Amounts payable within one year | 42/48 | €64,644 | €60,661 | -€3,983 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €7,560 | €7,947 | +€387 | +5.1% |
| Financial debts | 43 | €3,317 | - | -€3,317 | |
| Credit institutions | 430/8 | €3,317 | - | -€3,317 | |
| Trade debts | 44 | €5,195 | €3,124 | -€2,070 | -39.9% |
| Suppliers | 440/4 | €5,195 | €3,124 | -€2,070 | -39.9% |
| Taxes, remuneration and social security | 45 | €40,661 | €49,590 | +€8,929 | +22.0% |
| Taxes | 450/3 | €39,788 | €48,736 | +€8,948 | +22.5% |
| Remuneration and social security | 454/9 | €873 | €853 | -€19 | -2.2% |
| Other amounts payable | 47/48 | €7,911 | - | -€7,911 | |
| Remuneration, social security and pensions | 62 | €21,447 | €16,812 | -€4,635 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,274 | €14,647 | +€3,374 | +29.9% |
| Other operating charges | 640/8 | €3,432 | €1,505 | -€1,926 | -56.1% |
| Gross operating margin | 9900 | €25,516 | €90,611 | +€65,096 | +255% |
| Operating profit (loss) | 9901 | -€10,637 | €57,647 | +€68,284 | |
| Financial income | 75/76B | €1 | €2,002 | +€2,002 | +370,730% |
| Recurring financial income | 75 | €1 | €2,002 | +€2,002 | +370,730% |
| Financial charges | 65/66B | €3,881 | €3,433 | -€447 | -11.5% |
| Recurring financial charges | 65 | €3,881 | €3,433 | -€447 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,517 | €56,216 | +€70,733 | |
| Income taxes | 67/77 | - | €19,810 | +€19,810 | |
| Profit (loss) for the period | 9904 | -€14,517 | €36,407 | +€50,923 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,517 | €36,407 | +€50,923 |
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 27 October 2026 via checked.be.