Safara: 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.
Safara
Largest movements
- Receivables within one year -€39,579
down €39,579 (-71.8%), from €55,089 to €15,510
of which Trade receivables: -€38,235
- Receivables after one year +€36,500
new in 2024: €36,500
- Cash +€2,480
up €2,480 (+17.0%), from €14,553 to €17,033
mainly Receivables within one year (+€39,579) and Net result for the year (+€11,087)
- Tangible fixed assets +€2,454
up €2,454 (+10.1%), from €24,366 to €26,820
of which Plant, machinery and equipment: +€6,390
- Reserves +€20,088
up €20,088 (+251%), from €8,003 to €28,091
of which Distributable reserves: +€20,088
- Profit (loss) carried forward -€9,001
no longer reported in 2024 (was €9,001)
- Accrued charges and deferred income -€5,490
down €5,490 (-13.7%), from €39,979 to €34,488
- Trade debts -€3,736
down €3,736 (-25.4%), from €14,704 to €10,969
- Gross operating margin +€23,672
up €23,672 (+43.5%), from €54,446 to €78,118
- Taxes +€8,132
up €8,132 (+92.4%), from €8,800 to €16,932
- Staff costs +€3,724
up €3,724 (+11.1%), from €33,658 to €37,382
- Depreciation +€1,113
up €1,113 (+22.7%), from €4,894 to €6,007
- Financial charges +€963
up €963 (+31.1%), from €3,095 to €4,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,628 | €98,888 | +€1,260 | +1.3% |
| Fixed assets | 21/28 | €24,366 | €26,820 | +€2,454 | +10.1% |
| Tangible fixed assets | 22/27 | €24,366 | €26,820 | +€2,454 | +10.1% |
| Land and buildings | 22 | €20,103 | €16,167 | -€3,936 | -19.6% |
| Plant, machinery and equipment | 23 | €4,262 | €10,652 | +€6,390 | +150% |
| Current assets | 29/58 | €73,262 | €72,068 | -€1,194 | -1.6% |
| Amounts receivable after more than one year | 29 | - | €36,500 | +€36,500 | |
| Trade receivables | 290 | - | €36,500 | +€36,500 | |
| Stocks and contracts in progress | 3 | €3,620 | €3,025 | -€595 | -16.4% |
| Stocks | 30/36 | €3,620 | €3,025 | -€595 | -16.4% |
| Amounts receivable within one year | 40/41 | €55,089 | €15,510 | -€39,579 | -71.8% |
| Trade receivables | 40 | €53,411 | €15,176 | -€38,235 | -71.6% |
| Other amounts receivable | 41 | €1,678 | €333 | -€1,345 | -80.1% |
| Cash at bank and in hand | 54/58 | €14,553 | €17,033 | +€2,480 | +17.0% |
| Total equity and liabilities | 10/49 | €97,628 | €98,888 | +€1,260 | +1.3% |
| Equity | 10/15 | €23,204 | €34,291 | +€11,087 | +47.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,003 | €28,091 | +€20,088 | +251% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €7,383 | €27,471 | +€20,088 | +272% |
| Profit (loss) carried forward | 14 | €9,001 | - | -€9,001 | |
| Amounts payable | 17/49 | €74,424 | €64,596 | -€9,827 | -13.2% |
| Amounts payable within one year | 42/48 | €34,445 | €30,108 | -€4,337 | -12.6% |
| Trade debts | 44 | €14,704 | €10,969 | -€3,736 | -25.4% |
| Suppliers | 440/4 | €14,704 | €10,969 | -€3,736 | -25.4% |
| Taxes, remuneration and social security | 45 | €19,686 | €18,899 | -€787 | -4.0% |
| Taxes | 450/3 | €14,739 | €15,175 | +€436 | +3.0% |
| Remuneration and social security | 454/9 | €4,947 | €3,723 | -€1,224 | -24.7% |
| Other amounts payable | 47/48 | €55 | €241 | +€186 | +341% |
| Accrued charges and deferred income | 492/3 | €39,979 | €34,488 | -€5,490 | -13.7% |
| Non-recurring operating income | 76A | €5,111 | - | -€5,111 | |
| Remuneration, social security and pensions | 62 | €33,658 | €37,382 | +€3,724 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €6,007 | +€1,113 | +22.7% |
| Other operating charges | 640/8 | €3,023 | €2,711 | -€312 | -10.3% |
| Gross operating margin | 9900 | €54,446 | €78,118 | +€23,672 | +43.5% |
| Operating profit (loss) | 9901 | €12,871 | €32,018 | +€19,147 | +149% |
| Financial income | 75/76B | €32 | €60 | +€28 | +84.8% |
| Recurring financial income | 75 | €32 | €60 | +€28 | +84.8% |
| Financial charges | 65/66B | €3,095 | €4,059 | +€963 | +31.1% |
| Recurring financial charges | 65 | €3,095 | €4,059 | +€963 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €9,808 | €28,019 | +€18,211 | +186% |
| Income taxes | 67/77 | €8,800 | €16,932 | +€8,132 | +92.4% |
| Profit (loss) for the period | 9904 | €1,008 | €11,087 | +€10,079 | +1,000% |
| Profit (loss) for the period to be appropriated | 9905 | €1,008 | €11,087 | +€10,079 | +1,000% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.