Safa Construction: 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 Construction
Largest movements
- Receivables after one year -€54,549
no longer reported in 2025 (was €54,549)
- Receivables within one year +€15,343
up €15,343 (+992.5%), from €1,546 to €16,888
of which Other amounts receivable: +€12,504
- Cash +€10,331
up €10,331 (+25049.9%), from €41 to €10,372
mainly Receivables after one year (+€54,549) and Net result for the year (+€5,588)
- Tangible fixed assets +€1,627
new in 2025: €1,627
- Profit (loss) carried forward -€33,521
down €33,521 (-69.7%), from €48,076 to €14,555
- Trade debts +€4,742
new in 2025: €4,742
- Tax, wage and social debts +€1,443
new in 2025: €1,443
- Gross operating margin +€8,047
new in 2025: €8,047
- Taxes +€1,443
new in 2025: €1,443
- Other operating charges +€943
new in 2025: €943
- Financial charges +€101
new in 2025: €101
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
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 | €56,136 | €28,887 | -€27,248 | -48.5% |
| Fixed assets | 21/28 | - | €1,627 | +€1,627 | |
| Tangible fixed assets | 22/27 | - | €1,627 | +€1,627 | |
| Plant, machinery and equipment | 23 | - | €1,627 | +€1,627 | |
| Current assets | 29/58 | €56,136 | €27,260 | -€28,876 | -51.4% |
| Amounts receivable after more than one year | 29 | €54,549 | - | -€54,549 | |
| Other amounts receivable | 291 | €54,549 | - | -€54,549 | |
| Amounts receivable within one year | 40/41 | €1,546 | €16,888 | +€15,343 | +992.5% |
| Trade receivables | 40 | - | €2,838 | +€2,838 | |
| Other amounts receivable | 41 | €1,546 | €14,050 | +€12,504 | +808.9% |
| Cash at bank and in hand | 54/58 | €41 | €10,372 | +€10,331 | +25049.9% |
| Total equity and liabilities | 10/49 | €56,136 | €28,887 | -€27,248 | -48.5% |
| Equity | 10/15 | €56,136 | €22,615 | -€33,521 | -59.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,076 | €14,555 | -€33,521 | -69.7% |
| Amounts payable | 17/49 | - | €6,272 | +€6,272 | |
| Amounts payable within one year | 42/48 | - | €6,272 | +€6,272 | |
| Trade debts | 44 | - | €4,742 | +€4,742 | |
| Suppliers | 440/4 | - | €4,742 | +€4,742 | |
| Taxes, remuneration and social security | 45 | - | €1,443 | +€1,443 | |
| Taxes | 450/3 | - | €1,443 | +€1,443 | |
| Other amounts payable | 47/48 | - | €87 | +€87 | |
| Other operating charges | 640/8 | - | €943 | +€943 | |
| Gross operating margin | 9900 | - | €8,047 | +€8,047 | |
| Operating profit (loss) | 9901 | - | €7,104 | +€7,104 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | - | €101 | +€101 | |
| Recurring financial charges | 65 | - | €101 | +€101 | |
| Profit (loss) for the period before taxes | 9903 | - | €7,031 | +€7,031 | |
| Income taxes | 67/77 | - | €1,443 | +€1,443 | |
| Profit (loss) for the period | 9904 | - | €5,588 | +€5,588 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €5,588 | +€5,588 |
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 12 October 2026 via checked.be.