Safe Focus: 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 Focus
Largest movements
- Cash -€78,385
down €78,385 (-23.1%), from €339,548 to €261,163
mainly Trade debts (-€66,991) and Receivables within one year (-€20,253)
- Receivables within one year +€20,253
up €20,253 (+108%), from €18,820 to €39,073
of which Trade receivables: +€23,284
- Trade debts -€66,991
down €66,991 (-68.2%), from €98,298 to €31,307
- Tax, wage and social debts -€9,885
down €9,885 (-70.7%), from €13,985 to €4,099
- Reserves +€8,495
up €8,495 (+2.8%), from €303,281 to €311,776
of which Distributable reserves: +€8,495
- Other debts +€7,840
up €7,840 (+3.8%), from €208,410 to €216,250
- Gross operating margin -€87,493
down €87,493 (-72.0%), from €121,444 to €33,951
- Staff costs -€82,923
down €82,923 (-98.0%), from €84,613 to €1,690
- Financial charges -€2,243
down €2,243 (-13.8%), from €16,250 to €14,007
of which Financial charges: -€2,245
- Depreciation -€1,365
down €1,365 (-29.7%), from €4,600 to €3,235
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 | €633,676 | €573,134 | -€60,541 | -9.6% |
| Fixed assets | 21/28 | €275,308 | €272,898 | -€2,409 | -0.9% |
| Tangible fixed assets | 22/27 | €275,308 | €272,898 | -€2,409 | -0.9% |
| Land and buildings | 22 | €256,692 | €256,692 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,680 | €13,398 | -€282 | -2.1% |
| Furniture and vehicles | 24 | €4,936 | €2,808 | -€2,128 | -43.1% |
| Current assets | 29/58 | €358,368 | €300,236 | -€58,132 | -16.2% |
| Amounts receivable within one year | 40/41 | €18,820 | €39,073 | +€20,253 | +108% |
| Trade receivables | 40 | €1,936 | €25,220 | +€23,284 | +1,203% |
| Other amounts receivable | 41 | €16,884 | €13,853 | -€3,031 | -18.0% |
| Cash at bank and in hand | 54/58 | €339,548 | €261,163 | -€78,385 | -23.1% |
| Total equity and liabilities | 10/49 | €633,676 | €573,134 | -€60,541 | -9.6% |
| Equity | 10/15 | €312,983 | €321,478 | +€8,495 | +2.7% |
| Contributions | 10/11 | €9,702 | €9,702 | = | 0.0% |
| Reserves | 13 | €303,281 | €311,776 | +€8,495 | +2.8% |
| Tax-exempt reserves | 132 | €3,315 | €3,315 | = | 0.0% |
| Distributable reserves | 133 | €299,967 | €308,462 | +€8,495 | +2.8% |
| Amounts payable | 17/49 | €320,693 | €251,656 | -€69,036 | -21.5% |
| Amounts payable within one year | 42/48 | €320,693 | €251,656 | -€69,036 | -21.5% |
| Trade debts | 44 | €98,298 | €31,307 | -€66,991 | -68.2% |
| Suppliers | 440/4 | €98,298 | €31,307 | -€66,991 | -68.2% |
| Taxes, remuneration and social security | 45 | €13,985 | €4,099 | -€9,885 | -70.7% |
| Taxes | 450/3 | €13,985 | €4,099 | -€9,885 | -70.7% |
| Other amounts payable | 47/48 | €208,410 | €216,250 | +€7,840 | +3.8% |
| Non-recurring operating income | 76A | - | €16,006 | +€16,006 | |
| Remuneration, social security and pensions | 62 | €84,613 | €1,690 | -€82,923 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,600 | €3,235 | -€1,365 | -29.7% |
| Other operating charges | 640/8 | €4,345 | €4,334 | -€10 | -0.2% |
| Gross operating margin | 9900 | €121,444 | €33,951 | -€87,493 | -72.0% |
| Operating profit (loss) | 9901 | €27,886 | €24,692 | -€3,194 | -11.5% |
| Financial income | 75/76B | €6,583 | €5,454 | -€1,129 | -17.1% |
| Recurring financial income | 75 | €6,583 | €5,454 | -€1,129 | -17.1% |
| Financial charges | 65/66B | €16,250 | €14,007 | -€2,243 | -13.8% |
| Recurring financial charges | 65 | €16,250 | €14,005 | -€2,245 | -13.8% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €18,219 | €16,139 | -€2,080 | -11.4% |
| Income taxes | 67/77 | €8,090 | €7,644 | -€446 | -5.5% |
| Profit (loss) for the period | 9904 | €10,129 | €8,495 | -€1,634 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,129 | €8,495 | -€1,634 | -16.1% |
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 22 October 2026 via checked.be.