SAFAA: what changed
Two fiscal 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.
SAFAA
Largest movements
- Tangible fixed assets -€3,492
down €3,492 (-12.3%), from €28,460 to €24,968
- Receivables within one year +€2,617
up €2,617 (+61.9%), from €4,229 to €6,846
of which Other amounts receivable: +€2,335
- Cash +€1,834
up €1,834 (+120.6%), from €1,521 to €3,355
mainly Depreciation (+€3,492) and Tax, wage and social debts (+€850)
- Tax, wage and social debts +€850
up €850 (+246.6%), from €345 to €1,195
- Gross operating margin +€3,594
up €3,594 (+296.1%), from €1,214 to €4,808
- Depreciation +€3,492
new in 2025: €3,492
- Other operating charges +€393
up €393 (+63.5%), from €619 to €1,011
- Financial charges +€192
up €192 (+5995.0%), from €3 to €196
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.
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 | €34,326 | €35,285 | +€959 | +2.8% |
| Fixed assets | 21/28 | €28,576 | €25,084 | -€3,492 | -12.2% |
| Tangible fixed assets | 22/27 | €28,460 | €24,968 | -€3,492 | -12.3% |
| Furniture and vehicles | 24 | €28,460 | €24,968 | -€3,492 | -12.3% |
| Financial fixed assets | 28 | €116 | €116 | = | 0.0% |
| Current assets | 29/58 | €5,750 | €10,201 | +€4,451 | +77.4% |
| Amounts receivable within one year | 40/41 | €4,229 | €6,846 | +€2,617 | +61.9% |
| Trade receivables | 40 | €99 | €380 | +€282 | +285.2% |
| Other amounts receivable | 41 | €4,131 | €6,466 | +€2,335 | +56.5% |
| Cash at bank and in hand | 54/58 | €1,521 | €3,355 | +€1,834 | +120.6% |
| Total equity and liabilities | 10/49 | €34,326 | €35,285 | +€959 | +2.8% |
| Equity | 10/15 | €33,981 | €34,089 | +€108 | +0.3% |
| Contributions | 10/11 | €590 | €590 | = | 0.0% |
| Reserves | 13 | €8,470 | €8,470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,806 | €1,806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,806 | €1,806 | = | 0.0% |
| Distributable reserves | 133 | €6,664 | €6,664 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,921 | €25,030 | +€108 | +0.4% |
| Amounts payable | 17/49 | €345 | €1,195 | +€850 | +246.6% |
| Amounts payable within one year | 42/48 | €345 | €1,195 | +€850 | +246.6% |
| Taxes, remuneration and social security | 45 | €345 | €1,195 | +€850 | +246.6% |
| Taxes | 450/3 | €345 | €1,195 | +€850 | +246.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,492 | +€3,492 | |
| Other operating charges | 640/8 | €619 | €1,011 | +€393 | +63.5% |
| Gross operating margin | 9900 | €1,214 | €4,808 | +€3,594 | +296.1% |
| Operating profit (loss) | 9901 | €595 | €304 | -€291 | -48.9% |
| Financial charges | 65/66B | €3 | €196 | +€192 | +5995.0% |
| Recurring financial charges | 65 | €3 | €196 | +€192 | +5995.0% |
| Profit (loss) for the period before taxes | 9903 | €592 | €108 | -€483 | -81.7% |
| Profit (loss) for the period | 9904 | €592 | €108 | -€483 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €592 | €108 | -€483 | -81.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.