SAFE HAVEN: 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 HAVEN
Largest movements
- Receivables after one year -€450,000
down €450,000 (-57.9%), from €776,570 to €326,570
- Cash +€13,953
up €13,953 (+113.5%), from €12,290 to €26,244
mainly Receivables after one year (+€450,000) and Net result for the year (+€992)
- Other debts -€433,169
down €433,169 (-77.5%), from €558,669 to €125,500
- Financial income -€9,629
down €9,629 (-61.1%), from €15,766 to €6,137
- Taxes -€2,475
down €2,475 (-87.3%), from €2,836 to €361
- Gross operating margin +€553
up €553 (+12.0%), from -€4,628 to -€4,074
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 | €792,797 | €356,750 | -€436,047 | -55.0% |
| Current assets | 29/58 | €792,797 | €356,750 | -€436,047 | -55.0% |
| Amounts receivable after more than one year | 29 | €776,570 | €326,570 | -€450,000 | -57.9% |
| Other amounts receivable | 291 | €776,570 | €326,570 | -€450,000 | -57.9% |
| Current investments | 50/53 | €3,936 | €3,936 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,290 | €26,244 | +€13,953 | +113.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €792,797 | €356,750 | -€436,047 | -55.0% |
| Equity | 10/15 | €229,846 | €230,838 | +€992 | +0.4% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,786 | €217,778 | +€992 | +0.5% |
| Amounts payable | 17/49 | €562,950 | €125,911 | -€437,039 | -77.6% |
| Amounts payable within one year | 42/48 | €562,950 | €125,911 | -€437,039 | -77.6% |
| Financial debts | 43 | €50 | €50 | = | 0.0% |
| Credit institutions | 430/8 | €50 | €50 | = | 0.0% |
| Trade debts | 44 | €815 | €0 | -€815 | -100.0% |
| Suppliers | 440/4 | €815 | €0 | -€815 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,417 | €361 | -€3,056 | -89.4% |
| Taxes | 450/3 | €3,417 | €361 | -€3,056 | -89.4% |
| Other amounts payable | 47/48 | €558,669 | €125,500 | -€433,169 | -77.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€4,628 | -€4,074 | +€553 | +12.0% |
| Operating profit (loss) | 9901 | -€5,133 | -€4,594 | +€539 | +10.5% |
| Financial income | 75/76B | €15,766 | €6,137 | -€9,629 | -61.1% |
| Recurring financial income | 75 | €15,766 | €6,137 | -€9,629 | -61.1% |
| Financial charges | 65/66B | €227 | €190 | -€37 | -16.4% |
| Recurring financial charges | 65 | €227 | €190 | -€37 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €10,407 | €1,354 | -€9,053 | -87.0% |
| Income taxes | 67/77 | €2,836 | €361 | -€2,475 | -87.3% |
| Profit (loss) for the period | 9904 | €7,571 | €992 | -€6,579 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,571 | €992 | -€6,579 | -86.9% |
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 5 October 2026 via checked.be.