SAFE BE: 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.
SAFE BE
Largest movements
- Stocks and contracts -€29,871
down €29,871 (-57.8%), from €51,675 to €21,804
- Tangible fixed assets -€14,779
down €14,779 (-60.9%), from €24,276 to €9,497
of which Furniture and vehicles: -€7,390
- Cash -€5,449
down €5,449 (-98.3%), from €5,545 to €96
mainly Net result for the year (-€32,064) and Debts after one year (-€10,841)
- Receivables within one year +€2,637
up €2,637 (+30.5%), from €8,645 to €11,282
of which Other amounts receivable: +€4,767
- Profit (loss) carried forward -€32,064
down €32,064 (-35.7%), from -€89,721 to -€121,784
- Debts after one year -€10,841
down €10,841 (-32.3%), from €33,602 to €22,761
- Short-term financial debts -€6,116
down €6,116 (-26.9%), from €22,756 to €16,640
- Tax, wage and social debts -€4,076
down €4,076 (-66.1%), from €6,170 to €2,094
of which Taxes: -€4,357
- Trade debts +€3,048
up €3,048 (+138.5%), from €2,201 to €5,249
- Write-downs -€87,355
down €87,355, from €43,721 to -€43,634
- Staff costs -€41,928
down €41,928 (-58.3%), from €71,972 to €30,044
- Gross operating margin -€22,928
down €22,928 (-47.8%), from €47,920 to €24,992
- Depreciation -€4,497
down €4,497 (-46.0%), from €9,784 to €5,287
- Financial charges +€1,776
up €1,776 (+69.0%), from €2,575 to €4,351
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 | €92,747 | €43,808 | -€48,939 | -52.8% |
| Fixed assets | 21/28 | €25,245 | €9,810 | -€15,435 | -61.1% |
| Intangible fixed assets | 21 | €902 | €246 | -€656 | -72.7% |
| Tangible fixed assets | 22/27 | €24,276 | €9,497 | -€14,779 | -60.9% |
| Plant, machinery and equipment | 23 | €8,802 | €1,522 | -€7,280 | -82.7% |
| Furniture and vehicles | 24 | €14,648 | €7,258 | -€7,390 | -50.5% |
| Other tangible fixed assets | 26 | €826 | €717 | -€109 | -13.2% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €67,502 | €33,998 | -€33,504 | -49.6% |
| Stocks and contracts in progress | 3 | €51,675 | €21,804 | -€29,871 | -57.8% |
| Stocks | 30/36 | €51,675 | €21,804 | -€29,871 | -57.8% |
| Amounts receivable within one year | 40/41 | €8,645 | €11,282 | +€2,637 | +30.5% |
| Trade receivables | 40 | €3,635 | €1,505 | -€2,129 | -58.6% |
| Other amounts receivable | 41 | €5,010 | €9,777 | +€4,767 | +95.1% |
| Cash at bank and in hand | 54/58 | €5,545 | €96 | -€5,449 | -98.3% |
| Deferred charges and accrued income | 490/1 | €1,637 | €816 | -€821 | -50.2% |
| Total equity and liabilities | 10/49 | €92,747 | €43,808 | -€48,939 | -52.8% |
| Equity | 10/15 | -€49,171 | -€81,234 | -€32,064 | -65.2% |
| Contributions | 10/11 | €40,550 | €40,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,721 | -€121,784 | -€32,064 | -35.7% |
| Amounts payable | 17/49 | €141,918 | €125,043 | -€16,876 | -11.9% |
| Amounts payable after more than one year | 17 | €33,602 | €22,761 | -€10,841 | -32.3% |
| Financial debts | 170/4 | €33,602 | €22,761 | -€10,841 | -32.3% |
| Amounts payable within one year | 42/48 | €108,026 | €101,221 | -€6,805 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €12,276 | €11,770 | -€506 | -4.1% |
| Financial debts | 43 | €22,756 | €16,640 | -€6,116 | -26.9% |
| Credit institutions | 430/8 | €22,756 | €16,640 | -€6,116 | -26.9% |
| Trade debts | 44 | €2,201 | €5,249 | +€3,048 | +138.5% |
| Suppliers | 440/4 | €2,201 | €5,249 | +€3,048 | +138.5% |
| Taxes, remuneration and social security | 45 | €6,170 | €2,094 | -€4,076 | -66.1% |
| Taxes | 450/3 | €5,206 | €849 | -€4,357 | -83.7% |
| Remuneration and social security | 454/9 | €964 | €1,245 | +€281 | +29.1% |
| Other amounts payable | 47/48 | €64,623 | €65,469 | +€845 | +1.3% |
| Accrued charges and deferred income | 492/3 | €291 | €1,060 | +€770 | +265.0% |
| Non-recurring operating income | 76A | €2,487 | €4,411 | +€1,924 | +77.4% |
| Remuneration, social security and pensions | 62 | €71,972 | €30,044 | -€41,928 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,784 | €5,287 | -€4,497 | -46.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,721 | -€43,634 | -€87,355 | |
| Other operating charges | 640/8 | €1,107 | €1,398 | +€292 | +26.4% |
| Non-recurring operating charges | 66A | - | €59,974 | +€59,974 | |
| Gross operating margin | 9900 | €47,920 | €24,992 | -€22,928 | -47.8% |
| Operating profit (loss) | 9901 | -€78,664 | -€28,077 | +€50,587 | +64.3% |
| Financial income | 75/76B | €233 | €364 | +€131 | +56.3% |
| Recurring financial income | 75 | €233 | €364 | +€131 | +56.3% |
| Financial charges | 65/66B | €2,575 | €4,351 | +€1,776 | +69.0% |
| Recurring financial charges | 65 | €2,575 | €4,351 | +€1,776 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | -€81,006 | -€32,064 | +€48,942 | +60.4% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€81,006 | -€32,064 | +€48,943 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,006 | -€32,064 | +€48,943 | +60.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.