Safal Group: what changed
Safal Group
Largest movements
- Tangible fixed assets -€4,859
down €4,859 (-24.7%), from €19,645 to €14,787
- Stocks and contracts +€3,145
up €3,145 (+229%), from €1,375 to €4,520
- Cash +€977
up €977 (+43.5%), from €2,242 to €3,219
mainly Other debts (+€25,440) and Depreciation (+€4,859)
- Receivables within one year +€358
up €358 (+390%), from €92 to €450
- Other debts +€25,440
up €25,440 (+125%), from €20,276 to €45,716
- Trade debts -€13,526
down €13,526 (-88.1%), from €15,353 to €1,828
- Profit (loss) carried forward -€7,986
down €7,986 (-36.0%), from -€22,156 to -€30,142
- Tax, wage and social debts -€4,308
down €4,308 (-88.2%), from €4,882 to €574
of which Taxes: -€3,963
- Gross operating margin +€16,481
up €16,481, from -€13,642 to €2,839
- Staff costs +€3,317
up €3,317 (+157%), from €2,110 to €5,426
- Depreciation -€643
down €643 (-11.7%), from €5,501 to €4,859
- Financial charges -€291
down €291 (-86.2%), from €338 to €47
of which Non-recurring financial charges: -€289
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,355 | €22,976 | -€379 | -1.6% |
| Fixed assets | 21/28 | €19,645 | €14,787 | -€4,859 | -24.7% |
| Tangible fixed assets | 22/27 | €19,645 | €14,787 | -€4,859 | -24.7% |
| Plant, machinery and equipment | 23 | €19,645 | €14,787 | -€4,859 | -24.7% |
| Current assets | 29/58 | €3,709 | €8,189 | +€4,480 | +121% |
| Stocks and contracts in progress | 3 | €1,375 | €4,520 | +€3,145 | +229% |
| Stocks | 30/36 | €1,375 | €4,520 | +€3,145 | +229% |
| Amounts receivable within one year | 40/41 | €92 | €450 | +€358 | +390% |
| Other amounts receivable | 41 | €92 | €450 | +€358 | +390% |
| Cash at bank and in hand | 54/58 | €2,242 | €3,219 | +€977 | +43.5% |
| Total equity and liabilities | 10/49 | €23,355 | €22,976 | -€379 | -1.6% |
| Equity | 10/15 | -€17,156 | -€25,142 | -€7,986 | -46.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,156 | -€30,142 | -€7,986 | -36.0% |
| Amounts payable | 17/49 | €40,511 | €48,118 | +€7,607 | +18.8% |
| Amounts payable within one year | 42/48 | €40,511 | €48,118 | +€7,607 | +18.8% |
| Trade debts | 44 | €15,353 | €1,828 | -€13,526 | -88.1% |
| Suppliers | 440/4 | €15,353 | €1,828 | -€13,526 | -88.1% |
| Taxes, remuneration and social security | 45 | €4,882 | €574 | -€4,308 | -88.2% |
| Taxes | 450/3 | €4,450 | €487 | -€3,963 | -89.1% |
| Remuneration and social security | 454/9 | €432 | €87 | -€345 | -79.8% |
| Other amounts payable | 47/48 | €20,276 | €45,716 | +€25,440 | +125% |
| Remuneration, social security and pensions | 62 | €2,110 | €5,426 | +€3,317 | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,501 | €4,859 | -€643 | -11.7% |
| Other operating charges | 640/8 | €565 | €507 | -€58 | -10.3% |
| Gross operating margin | 9900 | -€13,642 | €2,839 | +€16,481 | |
| Operating profit (loss) | 9901 | -€21,818 | -€7,953 | +€13,865 | +63.5% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €338 | €47 | -€291 | -86.2% |
| Recurring financial charges | 65 | €49 | €47 | -€2 | -4.2% |
| Non-recurring financial charges | 66B | €289 | - | -€289 | |
| Profit (loss) for the period before taxes | 9903 | -€22,156 | -€7,986 | +€14,170 | +64.0% |
| Profit (loss) for the period | 9904 | -€22,156 | -€7,986 | +€14,170 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,156 | -€7,986 | +€14,170 | +64.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.