SAFA TRANSGLOBAL: 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 TRANSGLOBAL
Largest movements
- Tangible fixed assets -€21,287
down €21,287 (-3.4%), from €632,110 to €610,823
of which Land and buildings: -€20,244
- Debts after one year -€62,445
down €62,445 (-10.6%), from €591,384 to €528,939
of which Financial debts: -€37,946
- Reserves +€39,563
up €39,563 (+190%), from €20,786 to €60,349
- Gross operating margin -€3,699
down €3,699 (-4.5%), from €82,826 to €79,128
- Financial charges -€1,103
down €1,103 (-7.4%), from €14,904 to €13,801
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 | €667,691 | €650,243 | -€17,448 | -2.6% |
| Fixed assets | 21/28 | €632,610 | €611,323 | -€21,287 | -3.4% |
| Tangible fixed assets | 22/27 | €632,110 | €610,823 | -€21,287 | -3.4% |
| Land and buildings | 22 | €628,542 | €608,298 | -€20,244 | -3.2% |
| Furniture and vehicles | 24 | €3,568 | €2,525 | -€1,043 | -29.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €35,081 | €38,920 | +€3,839 | +10.9% |
| Amounts receivable within one year | 40/41 | €2,874 | €2,460 | -€414 | -14.4% |
| Trade receivables | 40 | €1,490 | €2,460 | +€970 | +65.1% |
| Other amounts receivable | 41 | €1,384 | €0 | -€1,384 | -100% |
| Current investments | 50/53 | €5,512 | €6,112 | +€600 | +10.9% |
| Cash at bank and in hand | 54/58 | €25,411 | €29,071 | +€3,660 | +14.4% |
| Deferred charges and accrued income | 490/1 | €1,284 | €1,278 | -€6 | -0.5% |
| Total equity and liabilities | 10/49 | €667,691 | €650,243 | -€17,448 | -2.6% |
| Equity | 10/15 | €39,378 | €78,941 | +€39,563 | +100% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,786 | €60,349 | +€39,563 | +190% |
| Distributable reserves | 133 | €20,786 | €60,349 | +€39,563 | +190% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €628,312 | €571,302 | -€57,010 | -9.1% |
| Amounts payable after more than one year | 17 | €591,384 | €528,939 | -€62,445 | -10.6% |
| Financial debts | 170/4 | €441,734 | €403,789 | -€37,946 | -8.6% |
| Other amounts payable | 178/9 | €149,649 | €125,150 | -€24,500 | -16.4% |
| Amounts payable within one year | 42/48 | €36,929 | €41,963 | +€5,035 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €36,839 | €37,946 | +€1,107 | +3.0% |
| Trade debts | 44 | €90 | €3,755 | +€3,666 | +4,093% |
| Suppliers | 440/4 | €90 | €3,755 | +€3,666 | +4,093% |
| Taxes, remuneration and social security | 45 | - | €262 | +€262 | |
| Taxes | 450/3 | - | €262 | +€262 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,687 | €21,287 | +€600 | +2.9% |
| Other operating charges | 640/8 | €3,764 | €4,484 | +€721 | +19.1% |
| Gross operating margin | 9900 | €82,826 | €79,128 | -€3,699 | -4.5% |
| Operating profit (loss) | 9901 | €58,375 | €53,357 | -€5,019 | -8.6% |
| Financial income | 75/76B | €144 | €142 | -€1 | -1.0% |
| Recurring financial income | 75 | €144 | €142 | -€1 | -1.0% |
| Financial charges | 65/66B | €14,904 | €13,801 | -€1,103 | -7.4% |
| Recurring financial charges | 65 | €14,904 | €13,801 | -€1,103 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €43,615 | €39,698 | -€3,917 | -9.0% |
| Income taxes | 67/77 | - | €135 | +€135 | |
| Profit (loss) for the period | 9904 | €43,615 | €39,563 | -€4,053 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,615 | €39,563 | -€4,053 | -9.3% |
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 24 October 2026 via checked.be.