SAFE Consulting: 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 Consulting
Largest movements
- Cash +€31,994
up €31,994 (+15.9%), from €201,031 to €233,025
mainly Net result for the year (+€67,019) and Depreciation (+€770)
- Receivables within one year +€28,089
new in 2025: €28,089
- Reserves +€68,000
up €68,000 (+41.3%), from €164,500 to €232,500
- Tax, wage and social debts -€8,233
down €8,233 (-24.2%), from €34,033 to €25,801
- Gross operating margin -€22,415
down €22,415 (-18.1%), from €123,556 to €101,141
- Taxes -€3,876
down €3,876 (-10.6%), from €36,722 to €32,846
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 | €205,085 | €264,398 | +€59,313 | +28.9% |
| Fixed assets | 21/28 | €4,054 | €3,284 | -€770 | -19.0% |
| Tangible fixed assets | 22/27 | €4,054 | €3,284 | -€770 | -19.0% |
| Furniture and vehicles | 24 | €480 | €223 | -€257 | -53.6% |
| Other tangible fixed assets | 26 | €3,574 | €3,062 | -€512 | -14.3% |
| Current assets | 29/58 | €201,031 | €261,114 | +€60,083 | +29.9% |
| Amounts receivable within one year | 40/41 | - | €28,089 | +€28,089 | |
| Trade receivables | 40 | - | €28,089 | +€28,089 | |
| Cash at bank and in hand | 54/58 | €201,031 | €233,025 | +€31,994 | +15.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €205,085 | €264,398 | +€59,313 | +28.9% |
| Equity | 10/15 | €166,960 | €233,979 | +€67,019 | +40.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €164,500 | €232,500 | +€68,000 | +41.3% |
| Distributable reserves | 133 | €164,500 | €232,500 | +€68,000 | +41.3% |
| Profit (loss) carried forward | 14 | €1,460 | €479 | -€981 | -67.2% |
| Amounts payable | 17/49 | €38,125 | €30,420 | -€7,706 | -20.2% |
| Amounts payable within one year | 42/48 | €38,125 | €30,420 | -€7,706 | -20.2% |
| Trade debts | 44 | €4,092 | €4,503 | +€411 | +10.0% |
| Suppliers | 440/4 | €4,092 | €4,503 | +€411 | +10.0% |
| Taxes, remuneration and social security | 45 | €34,033 | €25,801 | -€8,233 | -24.2% |
| Taxes | 450/3 | €34,033 | €25,801 | -€8,233 | -24.2% |
| Other amounts payable | 47/48 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,460 | €770 | -€690 | -47.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €123,556 | €101,141 | -€22,415 | -18.1% |
| Operating profit (loss) | 9901 | €121,709 | €99,972 | -€21,737 | -17.9% |
| Financial charges | 65/66B | €176 | €107 | -€69 | -39.1% |
| Recurring financial charges | 65 | €176 | €107 | -€69 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €121,533 | €99,865 | -€21,668 | -17.8% |
| Income taxes | 67/77 | €36,722 | €32,846 | -€3,876 | -10.6% |
| Profit (loss) for the period | 9904 | €84,811 | €67,019 | -€17,792 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,811 | €67,019 | -€17,792 | -21.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.