SAFE & CARE: 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.
SAFE & CARE
Largest movements
- Receivables within one year +€60,877
up €60,877 (+117%), from €51,939 to €112,816
of which Other amounts receivable: +€65,424
- Tangible fixed assets +€17,961
up €17,961 (+316%), from €5,687 to €23,648
of which Furniture and vehicles: +€10,683
- Stocks and contracts +€10,000
new in 2025: €10,000
- Cash -€9,639
down €9,639 (-34.0%), from €28,321 to €18,681
mainly Receivables within one year (-€60,877) and Investment in fixed assets (net) (-€23,479)
- Deferred charges and accrued income +€6,507
up €6,507 (+100%), from €6,506 to €13,012
- Reserves +€51,393
up €51,393 (+86.8%), from €59,183 to €110,575
- Trade debts +€16,240
up €16,240 (+596%), from €2,723 to €18,963
- Current portion of long-term debt +€13,016
up €13,016 (+259%), from €5,018 to €18,034
- Debts after one year +€5,705
new in 2025: €5,705
- Taxes +€18,406
up €18,406 (+230%), from €8,003 to €26,409
- Gross operating margin +€10,191
up €10,191 (+14.0%), from €72,993 to €83,184
- Other operating charges -€7,234
down €7,234 (-75.7%), from €9,563 to €2,328
- Depreciation +€4,390
up €4,390 (+389%), from €1,128 to €5,519
- Financial income +€2,559
up €2,559 (+487%), from €526 to €3,085
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
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 | €92,832 | €178,538 | +€85,705 | +92.3% |
| Fixed assets | 21/28 | €6,067 | €24,028 | +€17,961 | +296% |
| Tangible fixed assets | 22/27 | €5,687 | €23,648 | +€17,961 | +316% |
| Plant, machinery and equipment | 23 | €5,687 | €12,965 | +€7,278 | +128% |
| Furniture and vehicles | 24 | - | €10,683 | +€10,683 | |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €86,765 | €154,510 | +€67,745 | +78.1% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €51,939 | €112,816 | +€60,877 | +117% |
| Trade receivables | 40 | €30,533 | €25,987 | -€4,547 | -14.9% |
| Other amounts receivable | 41 | €21,406 | €86,830 | +€65,424 | +306% |
| Cash at bank and in hand | 54/58 | €28,321 | €18,681 | -€9,639 | -34.0% |
| Deferred charges and accrued income | 490/1 | €6,506 | €13,012 | +€6,507 | +100% |
| Total equity and liabilities | 10/49 | €92,832 | €178,538 | +€85,705 | +92.3% |
| Equity | 10/15 | €78,891 | €130,284 | +€51,393 | +65.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59,183 | €110,575 | +€51,393 | +86.8% |
| Distributable reserves | 133 | €59,183 | €110,575 | +€51,393 | +86.8% |
| Profit (loss) carried forward | 14 | €18,708 | €18,708 | = | 0.0% |
| Amounts payable | 17/49 | €13,941 | €48,254 | +€34,313 | +246% |
| Amounts payable after more than one year | 17 | - | €5,705 | +€5,705 | |
| Financial debts | 170/4 | - | €5,705 | +€5,705 | |
| Amounts payable within one year | 42/48 | €13,941 | €42,549 | +€28,607 | +205% |
| Current portion of amounts payable after more than one year | 42 | €5,018 | €18,034 | +€13,016 | +259% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,723 | €18,963 | +€16,240 | +596% |
| Suppliers | 440/4 | €2,723 | €18,963 | +€16,240 | +596% |
| Taxes, remuneration and social security | 45 | €6,200 | €5,551 | -€649 | -10.5% |
| Taxes | 450/3 | €6,200 | €5,551 | -€649 | -10.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €37 | €0 | -€37 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €5,519 | +€4,390 | +389% |
| Other operating charges | 640/8 | €9,563 | €2,328 | -€7,234 | -75.7% |
| Gross operating margin | 9900 | €72,993 | €83,184 | +€10,191 | +14.0% |
| Operating profit (loss) | 9901 | €62,265 | €75,337 | +€13,072 | +21.0% |
| Financial income | 75/76B | €526 | €3,085 | +€2,559 | +487% |
| Recurring financial income | 75 | €526 | €3,085 | +€2,559 | +487% |
| Financial charges | 65/66B | €411 | €621 | +€210 | +51.0% |
| Recurring financial charges | 65 | €411 | €621 | +€210 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €62,380 | €77,802 | +€15,422 | +24.7% |
| Income taxes | 67/77 | €8,003 | €26,409 | +€18,406 | +230% |
| Profit (loss) for the period | 9904 | €54,377 | €51,393 | -€2,984 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,377 | €51,393 | -€2,984 | -5.5% |
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 19 October 2026 via checked.be.