SAF GROUP: 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.
SAF GROUP
Largest movements
- Receivables within one year +€25,163
up €25,163 (+77.6%), from €32,441 to €57,604
of which Other amounts receivable: +€18,658
- Trade debts +€23,557
up €23,557 (+123%), from €19,090 to €42,647
- Profit (loss) carried forward -€5,596
down €5,596, from €1,063 to -€4,533
- Tax, wage and social debts +€4,873
up €4,873 (+812%), from €600 to €5,473
of which Remuneration and social security: +€4,894
- Accrued charges and deferred income +€2,200
new in 2025: €2,200
- Other debts +€1,043
new in 2025: €1,043
- Staff costs +€45,831
new in 2025: €45,831
- Gross operating margin +€34,848
up €34,848 (+236%), from €14,746 to €49,594
- Taxes -€620
down €620, from €600 to -€20
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 | €39,112 | €65,190 | +€26,078 | +66.7% |
| Current assets | 29/58 | €39,112 | €65,190 | +€26,078 | +66.7% |
| Amounts receivable within one year | 40/41 | €32,441 | €57,604 | +€25,163 | +77.6% |
| Trade receivables | 40 | €11,504 | €18,009 | +€6,505 | +56.5% |
| Other amounts receivable | 41 | €20,937 | €39,595 | +€18,658 | +89.1% |
| Cash at bank and in hand | 54/58 | €5,866 | €6,208 | +€342 | +5.8% |
| Deferred charges and accrued income | 490/1 | €806 | €1,379 | +€573 | +71.1% |
| Total equity and liabilities | 10/49 | €39,112 | €65,190 | +€26,078 | +66.7% |
| Equity | 10/15 | €19,423 | €13,827 | -€5,596 | -28.8% |
| Contributions | 10/11 | €18,360 | €18,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,063 | -€4,533 | -€5,596 | |
| Amounts payable | 17/49 | €19,690 | €51,363 | +€31,673 | +161% |
| Amounts payable within one year | 42/48 | €19,690 | €49,163 | +€29,473 | +150% |
| Trade debts | 44 | €19,090 | €42,647 | +€23,557 | +123% |
| Suppliers | 440/4 | €19,090 | €42,647 | +€23,557 | +123% |
| Taxes, remuneration and social security | 45 | €600 | €5,473 | +€4,873 | +812% |
| Taxes | 450/3 | €600 | €580 | -€20 | -3.4% |
| Remuneration and social security | 454/9 | - | €4,894 | +€4,894 | |
| Other amounts payable | 47/48 | - | €1,043 | +€1,043 | |
| Accrued charges and deferred income | 492/3 | - | €2,200 | +€2,200 | |
| Remuneration, social security and pensions | 62 | - | €45,831 | +€45,831 | |
| Other operating charges | 640/8 | €823 | €720 | -€104 | -12.6% |
| Non-recurring operating charges | 66A | - | €8,461 | +€8,461 | |
| Gross operating margin | 9900 | €14,746 | €49,594 | +€34,848 | +236% |
| Operating profit (loss) | 9901 | €13,922 | -€5,418 | -€19,340 | |
| Financial income | 75/76B | €16 | €0 | -€15 | -97.7% |
| Recurring financial income | 75 | €16 | €0 | -€15 | -97.7% |
| Financial charges | 65/66B | €120 | €198 | +€78 | +64.7% |
| Recurring financial charges | 65 | €120 | €198 | +€78 | +64.7% |
| Profit (loss) for the period before taxes | 9903 | €13,818 | -€5,616 | -€19,434 | |
| Income taxes | 67/77 | €600 | -€20 | -€620 | |
| Profit (loss) for the period | 9904 | €13,218 | -€5,596 | -€18,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,218 | -€5,596 | -€18,813 |
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 28 October 2026 via checked.be.