SAFA COMPANY: 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.
SAFA COMPANY
Largest movements
- Receivables within one year +€282,503
up €282,503 (+387%), from €72,994 to €355,497
of which Trade receivables: +€281,531
- Cash +€231,361
up €231,361 (+108%), from €213,738 to €445,098
- Tangible fixed assets -€9,636
down €9,636 (-14.9%), from €64,602 to €54,966
of which Other tangible fixed assets: -€6,111
- Reserves +€269,060
up €269,060 (+280%), from €95,953 to €365,012
of which Distributable reserves: +€269,060
- Tax, wage and social debts +€200,872
up €200,872 (+196%), from €102,370 to €303,243
of which Taxes: +€149,268
- Trade debts +€30,422
up €30,422 (+28.4%), from €107,095 to €137,517
- Gross operating margin +€1.4m
up €1.4m (+301%), from €458,638 to €1.8m
- Staff costs +€964,899
up €964,899 (+290%), from €332,387 to €1.3m
- Taxes +€164,497
up €164,497 (+709%), from €23,195 to €187,692
- Other operating charges +€44,980
up €44,980 (+1,194%), from €3,766 to €48,746
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €353,746 | €856,861 | +€503,116 | +142% |
| Fixed assets | 21/28 | €65,902 | €56,266 | -€9,636 | -14.6% |
| Tangible fixed assets | 22/27 | €64,602 | €54,966 | -€9,636 | -14.9% |
| Furniture and vehicles | 24 | €58,491 | €54,966 | -€3,525 | -6.0% |
| Other tangible fixed assets | 26 | €6,111 | €0 | -€6,111 | -100% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €287,843 | €800,595 | +€512,752 | +178% |
| Amounts receivable within one year | 40/41 | €72,994 | €355,497 | +€282,503 | +387% |
| Trade receivables | 40 | €72,994 | €354,525 | +€281,531 | +386% |
| Other amounts receivable | 41 | - | €972 | +€972 | |
| Cash at bank and in hand | 54/58 | €213,738 | €445,098 | +€231,361 | +108% |
| Deferred charges and accrued income | 490/1 | €1,112 | - | -€1,112 | |
| Total equity and liabilities | 10/49 | €353,746 | €856,861 | +€503,116 | +142% |
| Equity | 10/15 | €98,953 | €368,012 | +€269,060 | +272% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €95,953 | €365,012 | +€269,060 | +280% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €95,653 | €364,712 | +€269,060 | +281% |
| Amounts payable | 17/49 | €254,793 | €488,849 | +€234,056 | +91.9% |
| Amounts payable within one year | 42/48 | €254,793 | €488,849 | +€234,056 | +91.9% |
| Trade debts | 44 | €107,095 | €137,517 | +€30,422 | +28.4% |
| Suppliers | 440/4 | €107,095 | €137,517 | +€30,422 | +28.4% |
| Taxes, remuneration and social security | 45 | €102,370 | €303,243 | +€200,872 | +196% |
| Taxes | 450/3 | €75,052 | €224,319 | +€149,268 | +199% |
| Remuneration and social security | 454/9 | €27,319 | €78,923 | +€51,604 | +189% |
| Other amounts payable | 47/48 | €45,328 | €48,090 | +€2,762 | +6.1% |
| Remuneration, social security and pensions | 62 | €332,387 | €1,297,286 | +€964,899 | +290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,472 | €34,045 | +€14,573 | +74.8% |
| Other operating charges | 640/8 | €3,766 | €48,746 | +€44,980 | +1,194% |
| Non-recurring operating charges | 66A | €3,583 | - | -€3,583 | |
| Gross operating margin | 9900 | €458,638 | €1,838,117 | +€1.4m | +301% |
| Operating profit (loss) | 9901 | €99,430 | €458,040 | +€358,610 | +361% |
| Financial income | 75/76B | €461 | - | -€461 | |
| Recurring financial income | 75 | €461 | - | -€461 | |
| Financial charges | 65/66B | €846 | €1,288 | +€442 | +52.2% |
| Recurring financial charges | 65 | €846 | €1,288 | +€442 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €99,045 | €456,752 | +€357,708 | +361% |
| Income taxes | 67/77 | €23,195 | €187,692 | +€164,497 | +709% |
| Profit (loss) for the period | 9904 | €75,849 | €269,060 | +€193,211 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €75,849 | €269,060 | +€193,211 | +255% |
Source: filed annual accounts (NBB), financial years ended 30 June 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.