SAF GROUP: what changed
SAF GROUP
Largest movements
- Intangible fixed assets +€111,461
new in 2023: €111,461
- Receivables within one year +€64,413
up €64,413 (+96.6%), from €66,685 to €131,098
of which Trade receivables: +€64,420
- Tangible fixed assets -€16,138
down €16,138 (-15.8%), from €101,958 to €85,820
of which Furniture and vehicles: -€8,708
- Cash +€10,932
up €10,932 (+168%), from €6,509 to €17,441
mainly Tax, wage and social debts (+€98,539) and Trade debts (+€78,858)
- Tax, wage and social debts +€98,539
up €98,539 (+31.9%), from €308,904 to €407,444
of which Remuneration and social security: +€61,000
- Trade debts +€78,858
up €78,858 (+102%), from €77,028 to €155,886
- Profit (loss) carried forward -€26,726
down €26,726 (-14.8%), from -€180,389 to -€207,115
- Other debts +€21,117
new in 2023: €21,117
- Turnover -€826,277
no longer reported in 2023 (was €826,277)
- Purchases and services -€666,632
no longer reported in 2023 (was €666,632)
- Gross operating margin +€160,387
up €160,387 (+98.0%), from €163,645 to €324,032
- Staff costs -€87,431
down €87,431 (-21.6%), from €404,562 to €317,131
- Depreciation +€10,451
up €10,451 (+47.3%), from €22,113 to €32,564
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,224 | €387,042 | +€171,818 | +79.8% |
| Fixed assets | 21/28 | €135,155 | €230,478 | +€95,323 | +70.5% |
| Intangible fixed assets | 21 | - | €111,461 | +€111,461 | |
| Tangible fixed assets | 22/27 | €101,958 | €85,820 | -€16,138 | -15.8% |
| Plant, machinery and equipment | 23 | €14,163 | €10,562 | -€3,601 | -25.4% |
| Furniture and vehicles | 24 | €31,375 | €22,668 | -€8,708 | -27.8% |
| Leasing and similar rights | 25 | €207 | - | -€207 | |
| Other tangible fixed assets | 26 | €56,213 | €52,590 | -€3,623 | -6.4% |
| Financial fixed assets | 28 | €33,197 | €33,197 | = | 0.0% |
| Current assets | 29/58 | €80,069 | €156,564 | +€76,495 | +95.5% |
| Stocks and contracts in progress | 3 | €5,287 | €6,337 | +€1,051 | +19.9% |
| Stocks | 30/36 | €5,287 | €6,337 | +€1,051 | +19.9% |
| Amounts receivable within one year | 40/41 | €66,685 | €131,098 | +€64,413 | +96.6% |
| Trade receivables | 40 | €47,132 | €111,553 | +€64,420 | +137% |
| Other amounts receivable | 41 | €19,552 | €19,545 | -€7 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,509 | €17,441 | +€10,932 | +168% |
| Deferred charges and accrued income | 490/1 | €1,588 | €1,687 | +€99 | +6.2% |
| Total equity and liabilities | 10/49 | €215,224 | €387,042 | +€171,818 | +79.8% |
| Equity | 10/15 | -€170,709 | -€197,435 | -€26,726 | -15.7% |
| Contributions | 10/11 | €9,680 | €9,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,389 | -€207,115 | -€26,726 | -14.8% |
| Amounts payable | 17/49 | €385,933 | €584,477 | +€198,544 | +51.4% |
| Amounts payable within one year | 42/48 | €385,933 | €584,477 | +€198,544 | +51.4% |
| Trade debts | 44 | €77,028 | €155,886 | +€78,858 | +102% |
| Suppliers | 440/4 | €77,028 | €155,886 | +€78,858 | +102% |
| Advances received on contracts in progress | 46 | - | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | €308,904 | €407,444 | +€98,539 | +31.9% |
| Taxes | 450/3 | €105,481 | €143,020 | +€37,540 | +35.6% |
| Remuneration and social security | 454/9 | €203,424 | €264,424 | +€61,000 | +30.0% |
| Other amounts payable | 47/48 | - | €21,117 | +€21,117 | |
| Turnover | 70 | €826,277 | - | -€826,277 | |
| Goods, raw materials, services and sundry goods | 60/61 | €666,632 | - | -€666,632 | |
| Remuneration, social security and pensions | 62 | €404,562 | €317,131 | -€87,431 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,113 | €32,564 | +€10,451 | +47.3% |
| Other operating charges | 640/8 | €1,145 | €795 | -€350 | -30.6% |
| Gross operating margin | 9900 | €163,645 | €324,032 | +€160,387 | +98.0% |
| Operating profit (loss) | 9901 | -€264,176 | -€26,458 | +€237,718 | +90.0% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2,000% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2,000% |
| Financial charges | 65/66B | €5,761 | €273 | -€5,488 | -95.3% |
| Recurring financial charges | 65 | €5,761 | €273 | -€5,488 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€269,936 | -€26,726 | +€243,210 | +90.1% |
| Profit (loss) for the period | 9904 | -€269,936 | -€26,726 | +€243,210 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€269,936 | -€26,726 | +€243,210 | +90.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.