SAFE IN THE BOX: what changed
What changed
SAFE IN THE BOX
NACE 49.420, Removal services
filed annual accounts (NBB)
Net result for the year
-€97,848
2024 · -€108,920+€11,072
Equity
€3.1m
2024 · €57,799+€3.1m
Cash
€3,890
2024 · €285+€3,605
Balance sheet total
€6.3m
2024 · €3.3m+€3.0m
Largest movements
Assets
- Tangible fixed assets +€3.0m
up €3.0m (+92.7%), from €3.2m to €6.2m
of which Land and buildings: +€3.0m
Equity and liabilities
- Revaluation surpluses +€3.1m
new in 2025: €3.1m
- Debts after one year -€128,198
down €128,198 (-4.6%), from €2.8m to €2.7m
of which Financial debts: -€207,937
- Profit (loss) carried forward -€97,848
down €97,848 (-24.0%), from -€407,201 to -€505,050
- Trade debts +€83,896
up €83,896 (+178%), from €47,249 to €131,145
Income statement
- Gross operating margin +€122,138
up €122,138 (+24.6%), from €497,185 to €619,324
- Staff costs +€119,804
up €119,804 (+49.7%), from €240,923 to €360,727
- Other operating charges +€18,266
up €18,266 (+582%), from €3,137 to €21,403
- Financial charges -€8,409
down €8,409 (-9.3%), from €90,341 to €81,931
- Financial income +€7,232
up €7,232 (+1,029%), from €703 to €7,935
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€108,920
Gross operating margin
+€122,138
Staff costs
-€119,804
Depreciation
-€3,336
Other operating charges
-€18,266
Other operating items
+€14,000
Financial income
+€7,232
Financial charges
+€8,409
Taxes
+€699
Result 2025
-€97,848
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€194,115
Investment
-€3.2m
Financing
+€3.0m
Cash 2024
€285
From operations (derived)
+€194,115
Net result for the year
-€97,848
Depreciation
+€261,045
Smaller working-capital items
+€5,821
Receivables within one year
-€14,433
Trade debts
+€83,896
Tax, wage and social debts
-€21,346
Other debts
-€23,020
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€3.2m
Financing
+€3.0m
Debts after one year
-€128,198
Current portion of long-term debt
+€14,913
Contributions, distributions and other
+€3.1m
Cash 2025
€3,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,281,433 | €6,262,773 | +€3.0m | +90.9% |
| Fixed assets | 21/28 | €3,204,454 | €6,169,120 | +€3.0m | +92.5% |
| Intangible fixed assets | 21 | €2,997 | €1,997 | -€1,000 | -33.4% |
| Tangible fixed assets | 22/27 | €3,198,094 | €6,163,760 | +€3.0m | +92.7% |
| Land and buildings | 22 | €3,109,271 | €6,088,731 | +€3.0m | +95.8% |
| Plant, machinery and equipment | 23 | €8,534 | €3,820 | -€4,714 | -55.2% |
| Furniture and vehicles | 24 | €80,288 | €71,209 | -€9,079 | -11.3% |
| Financial fixed assets | 28 | €3,363 | €3,363 | = | 0.0% |
| Current assets | 29/58 | €76,979 | €93,652 | +€16,673 | +21.7% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Stocks | 30/36 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €69,725 | €84,159 | +€14,433 | +20.7% |
| Trade receivables | 40 | €69,725 | €82,995 | +€13,270 | +19.0% |
| Other amounts receivable | 41 | - | €1,164 | +€1,164 | |
| Cash at bank and in hand | 54/58 | €285 | €3,890 | +€3,605 | +1,264% |
| Deferred charges and accrued income | 490/1 | €6,969 | €2,603 | -€4,365 | -62.6% |
| Total equity and liabilities | 10/49 | €3,281,433 | €6,262,773 | +€3.0m | +90.9% |
| Equity | 10/15 | €57,799 | €3,108,437 | +€3.1m | +5,278% |
| Contributions | 10/11 | €465,000 | €465,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,148,487 | +€3.1m | |
| Profit (loss) carried forward | 14 | -€407,201 | -€505,050 | -€97,848 | -24.0% |
| Amounts payable | 17/49 | €3,223,634 | €3,154,335 | -€69,299 | -2.1% |
| Amounts payable after more than one year | 17 | €2,811,860 | €2,683,662 | -€128,198 | -4.6% |
| Financial debts | 170/4 | €2,251,860 | €2,043,923 | -€207,937 | -9.2% |
| Other amounts payable | 178/9 | €560,000 | €639,739 | +€79,739 | +14.2% |
| Amounts payable within one year | 42/48 | €411,774 | €466,217 | +€54,443 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €209,189 | €224,102 | +€14,913 | +7.1% |
| Trade debts | 44 | €47,249 | €131,145 | +€83,896 | +178% |
| Suppliers | 440/4 | €47,249 | €131,145 | +€83,896 | +178% |
| Taxes, remuneration and social security | 45 | €87,579 | €66,233 | -€21,346 | -24.4% |
| Taxes | 450/3 | €61,327 | €11,399 | -€49,928 | -81.4% |
| Remuneration and social security | 454/9 | €26,252 | €54,834 | +€28,582 | +109% |
| Other amounts payable | 47/48 | €67,757 | €44,737 | -€23,020 | -34.0% |
| Accrued charges and deferred income | 492/3 | - | €4,456 | +€4,456 | |
| Non-recurring operating income | 76A | €34,650 | €7,357 | -€27,293 | -78.8% |
| Remuneration, social security and pensions | 62 | €240,923 | €360,727 | +€119,804 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,709 | €261,045 | +€3,336 | +1.3% |
| Other operating charges | 640/8 | €3,137 | €21,403 | +€18,266 | +582% |
| Non-recurring operating charges | 66A | €14,000 | - | -€14,000 | |
| Gross operating margin | 9900 | €497,185 | €619,324 | +€122,138 | +24.6% |
| Operating profit (loss) | 9901 | -€18,584 | -€23,852 | -€5,268 | -28.3% |
| Financial income | 75/76B | €703 | €7,935 | +€7,232 | +1,029% |
| Recurring financial income | 75 | €703 | €7,935 | +€7,232 | +1,029% |
| Financial charges | 65/66B | €90,341 | €81,931 | -€8,409 | -9.3% |
| Recurring financial charges | 65 | €90,341 | €81,931 | -€8,409 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€108,222 | -€97,848 | +€10,373 | +9.6% |
| Income taxes | 67/77 | €699 | - | -€699 | |
| Profit (loss) for the period | 9904 | -€108,920 | -€97,848 | +€11,072 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,920 | -€97,848 | +€11,072 | +10.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.