SAFE Constructions & Maintenance: 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 Constructions & Maintenance
Largest movements
- Tangible fixed assets -€7,024
down €7,024 (-97.1%), from €7,232 to €208
of which Furniture and vehicles: -€5,832
- Receivables within one year +€5,977
up €5,977 (+123.5%), from €4,840 to €10,817
of which Trade receivables: +€7,817
- Deferred charges and accrued income +€807
up €807 (+124.6%), from €648 to €1,454
- Cash +€195
new in 2024: €195
mainly Depreciation (+€7,024) and Trade debts (+€5,158)
- Trade debts +€5,158
up €5,158 (+131.1%), from €3,935 to €9,094
- Current portion of long-term debt -€3,613
no longer reported in 2024 (was €3,613)
- Tax, wage and social debts -€3,241
down €3,241 (-34.6%), from €9,364 to €6,123
of which Remuneration and social security: -€3,241
- Profit (loss) carried forward +€2,797
up €2,797 (+43.6%), from -€6,408 to -€3,611
- Short-term financial debts -€2,602
no longer reported in 2024 (was €2,602)
- Staff costs -€11,612
down €11,612 (-41.0%), from €28,298 to €16,686
- Gross operating margin -€4,091
down €4,091 (-12.8%), from €32,011 to €27,921
- Other operating charges -€2,402
down €2,402 (-74.1%), from €3,244 to €841
- Depreciation +€397
up €397 (+6.0%), from €6,626 to €7,024
- Financial charges -€326
down €326 (-36.3%), from €899 to €573
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.
Cash bridge derived
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 | €14,164 | €14,118 | -€46 | -0.3% |
| Fixed assets | 21/28 | €8,676 | €1,653 | -€7,024 | -81.0% |
| Tangible fixed assets | 22/27 | €7,232 | €208 | -€7,024 | -97.1% |
| Plant, machinery and equipment | 23 | €1,400 | €208 | -€1,192 | -85.1% |
| Furniture and vehicles | 24 | €5,832 | - | -€5,832 | |
| Financial fixed assets | 28 | €1,444 | €1,444 | = | 0.0% |
| Current assets | 29/58 | €5,487 | €12,465 | +€6,978 | +127.2% |
| Amounts receivable within one year | 40/41 | €4,840 | €10,817 | +€5,977 | +123.5% |
| Trade receivables | 40 | €2,703 | €10,520 | +€7,817 | +289.2% |
| Other amounts receivable | 41 | €2,137 | €297 | -€1,840 | -86.1% |
| Cash at bank and in hand | 54/58 | - | €195 | +€195 | |
| Deferred charges and accrued income | 490/1 | €648 | €1,454 | +€807 | +124.6% |
| Total equity and liabilities | 10/49 | €14,164 | €14,118 | -€46 | -0.3% |
| Equity | 10/15 | -€5,408 | -€2,611 | +€2,797 | +51.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,408 | -€3,611 | +€2,797 | +43.6% |
| Amounts payable | 17/49 | €19,571 | €16,729 | -€2,842 | -14.5% |
| Amounts payable within one year | 42/48 | €19,571 | €16,729 | -€2,842 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €3,613 | - | -€3,613 | |
| Financial debts | 43 | €2,602 | - | -€2,602 | |
| Credit institutions | 430/8 | €2,602 | - | -€2,602 | |
| Trade debts | 44 | €3,935 | €9,094 | +€5,158 | +131.1% |
| Suppliers | 440/4 | €3,935 | €9,094 | +€5,158 | +131.1% |
| Taxes, remuneration and social security | 45 | €9,364 | €6,123 | -€3,241 | -34.6% |
| Taxes | 450/3 | €4,965 | €4,965 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,398 | €1,157 | -€3,241 | -73.7% |
| Other amounts payable | 47/48 | €57 | €1,512 | +€1,455 | +2556.1% |
| Remuneration, social security and pensions | 62 | €28,298 | €16,686 | -€11,612 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,626 | €7,024 | +€397 | +6.0% |
| Other operating charges | 640/8 | €3,244 | €841 | -€2,402 | -74.1% |
| Gross operating margin | 9900 | €32,011 | €27,921 | -€4,091 | -12.8% |
| Operating profit (loss) | 9901 | -€6,156 | €3,370 | +€9,526 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €899 | €573 | -€326 | -36.3% |
| Recurring financial charges | 65 | €899 | €573 | -€326 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,056 | €2,797 | +€9,853 | |
| Profit (loss) for the period | 9904 | -€7,056 | €2,797 | +€9,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,056 | €2,797 | +€9,853 |
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 12 October 2026 via checked.be.