SAFARM: 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.
SAFARM
Largest movements
- Tangible fixed assets -€11,239
down €11,239 (-12.5%), from €90,049 to €78,809
- Other debts +€19,506
up €19,506 (+188%), from €10,357 to €29,863
- Profit (loss) carried forward -€17,468
down €17,468, from €2,669 to -€14,799
- Debts after one year -€12,647
down €12,647 (-34.7%), from €36,466 to €23,819
- Tax, wage and social debts -€1,609
down €1,609 (-87.1%), from €1,847 to €239
of which Remuneration and social security: -€900
- Gross operating margin +€4,931
up €4,931 (+61.5%), from -€8,018 to -€3,087
- Financial charges -€377
down €377 (-11.0%), from €3,423 to €3,046
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,367 | €78,972 | -€11,395 | -12.6% |
| Fixed assets | 21/28 | €90,074 | €78,834 | -€11,239 | -12.5% |
| Tangible fixed assets | 22/27 | €90,049 | €78,809 | -€11,239 | -12.5% |
| Land and buildings | 22 | €90,049 | €78,809 | -€11,239 | -12.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €293 | €138 | -€155 | -52.9% |
| Amounts receivable within one year | 40/41 | €293 | €138 | -€155 | -52.9% |
| Trade receivables | 40 | €118 | - | -€118 | |
| Other amounts receivable | 41 | €175 | €138 | -€37 | -21.0% |
| Total equity and liabilities | 10/49 | €90,367 | €78,972 | -€11,395 | -12.6% |
| Equity | 10/15 | €22,069 | €4,601 | -€17,468 | -79.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Legal reserve | 130 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,669 | -€14,799 | -€17,468 | |
| Amounts payable | 17/49 | €68,298 | €74,371 | +€6,073 | +8.9% |
| Amounts payable after more than one year | 17 | €36,466 | €23,819 | -€12,647 | -34.7% |
| Financial debts | 170/4 | €36,466 | €23,819 | -€12,647 | -34.7% |
| Amounts payable within one year | 42/48 | €31,832 | €50,552 | +€18,721 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €11,991 | €12,647 | +€656 | +5.5% |
| Financial debts | 43 | €7,636 | €7,803 | +€167 | +2.2% |
| Credit institutions | 430/8 | €7,636 | €7,803 | +€167 | +2.2% |
| Taxes, remuneration and social security | 45 | €1,847 | €239 | -€1,609 | -87.1% |
| Taxes | 450/3 | €947 | €239 | -€709 | -74.8% |
| Remuneration and social security | 454/9 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | €10,357 | €29,863 | +€19,506 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,239 | €11,239 | = | 0.0% |
| Other operating charges | 640/8 | €92 | €96 | +€4 | +4.0% |
| Gross operating margin | 9900 | -€8,018 | -€3,087 | +€4,931 | +61.5% |
| Operating profit (loss) | 9901 | -€19,350 | -€14,422 | +€4,928 | +25.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,423 | €3,046 | -€377 | -11.0% |
| Recurring financial charges | 65 | €3,423 | €3,046 | -€377 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,770 | -€17,468 | +€5,302 | +23.3% |
| Profit (loss) for the period | 9904 | -€22,770 | -€17,468 | +€5,302 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,770 | -€17,468 | +€5,302 | +23.3% |
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 14 October 2026 via checked.be.