SAFE STREAM: 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 STREAM
Largest movements
- Cash +€378,567
new in 2025: €378,567
mainly Current investments (+€239,372) and Net result for the year (+€183,525)
- Current investments -€239,372
no longer reported in 2025 (was €239,372)
- Receivables within one year -€39,235
down €39,235 (-16.0%), from €245,367 to €206,132
of which Trade receivables: -€72,636
- Tangible fixed assets +€33,440
up €33,440 (+66.4%), from €50,342 to €83,783
of which Furniture and vehicles: +€25,563
- Reserves +€159,945
up €159,945 (+39.7%), from €403,371 to €563,317
- Accrued charges and deferred income +€129,600
new in 2025: €129,600
- Tax, wage and social debts -€109,843
down €109,843 (-100.0%), from €109,876 to €33
- Other debts -€60,122
down €60,122 (-98.4%), from €61,100 to €977
- Profit (loss) carried forward +€23,579
no longer reported in 2025 (was -€23,579)
- Gross operating margin -€156,974
down €156,974 (-34.7%), from €452,455 to €295,481
- Taxes -€53,580
down €53,580 (-40.3%), from €132,810 to €79,231
- Depreciation +€16,407
new in 2025: €16,407
- Other operating charges +€10,765
up €10,765 (+222.3%), from €4,842 to €15,607
- Staff costs -€8,905
no longer reported in 2025 (was €8,905)
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 | €560,548 | €697,785 | +€137,236 | +24.5% |
| Fixed assets | 21/28 | €61,863 | €93,324 | +€31,460 | +50.9% |
| Intangible fixed assets | 21 | €8,791 | €6,811 | -€1,980 | -22.5% |
| Tangible fixed assets | 22/27 | €50,342 | €83,783 | +€33,440 | +66.4% |
| Plant, machinery and equipment | 23 | €2,356 | €10,814 | +€8,458 | +359.1% |
| Furniture and vehicles | 24 | €45,351 | €70,914 | +€25,563 | +56.4% |
| Other tangible fixed assets | 26 | €2,636 | €2,055 | -€581 | -22.0% |
| Financial fixed assets | 28 | €2,730 | €2,730 | = | 0.0% |
| Current assets | 29/58 | €498,685 | €604,461 | +€105,776 | +21.2% |
| Stocks and contracts in progress | 3 | €3,768 | €4,651 | +€883 | +23.4% |
| Stocks | 30/36 | €3,768 | €4,651 | +€883 | +23.4% |
| Amounts receivable within one year | 40/41 | €245,367 | €206,132 | -€39,235 | -16.0% |
| Trade receivables | 40 | €245,367 | €172,731 | -€72,636 | -29.6% |
| Other amounts receivable | 41 | - | €33,401 | +€33,401 | |
| Current investments | 50/53 | €239,372 | - | -€239,372 | |
| Cash at bank and in hand | 54/58 | - | €378,567 | +€378,567 | |
| Deferred charges and accrued income | 490/1 | €10,178 | €15,110 | +€4,932 | +48.5% |
| Total equity and liabilities | 10/49 | €560,548 | €697,785 | +€137,236 | +24.5% |
| Equity | 10/15 | €380,792 | €564,317 | +€183,525 | +48.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €403,371 | €563,317 | +€159,945 | +39.7% |
| Distributable reserves | 133 | €403,371 | €563,317 | +€159,945 | +39.7% |
| Profit (loss) carried forward | 14 | -€23,579 | - | +€23,579 | |
| Amounts payable | 17/49 | €179,756 | €133,468 | -€46,288 | -25.8% |
| Amounts payable within one year | 42/48 | €179,756 | €3,868 | -€175,888 | -97.8% |
| Financial debts | 43 | €2,579 | - | -€2,579 | |
| Credit institutions | 430/8 | €2,579 | - | -€2,579 | |
| Trade debts | 44 | €6,202 | €2,857 | -€3,345 | -53.9% |
| Suppliers | 440/4 | €6,202 | €2,857 | -€3,345 | -53.9% |
| Taxes, remuneration and social security | 45 | €109,876 | €33 | -€109,843 | -100.0% |
| Taxes | 450/3 | €109,876 | €33 | -€109,843 | -100.0% |
| Other amounts payable | 47/48 | €61,100 | €977 | -€60,122 | -98.4% |
| Accrued charges and deferred income | 492/3 | - | €129,600 | +€129,600 | |
| Remuneration, social security and pensions | 62 | €8,905 | - | -€8,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,407 | +€16,407 | |
| Other operating charges | 640/8 | €4,842 | €15,607 | +€10,765 | +222.3% |
| Gross operating margin | 9900 | €452,455 | €295,481 | -€156,974 | -34.7% |
| Operating profit (loss) | 9901 | €438,708 | €263,467 | -€175,241 | -39.9% |
| Financial income | 75/76B | €136 | €111 | -€25 | -18.7% |
| Recurring financial income | 75 | €136 | €111 | -€25 | -18.7% |
| Financial charges | 65/66B | €105 | €822 | +€717 | +685.2% |
| Recurring financial charges | 65 | €105 | €822 | +€717 | +685.2% |
| Profit (loss) for the period before taxes | 9903 | €438,740 | €262,755 | -€175,984 | -40.1% |
| Income taxes | 67/77 | €132,810 | €79,231 | -€53,580 | -40.3% |
| Profit (loss) for the period | 9904 | €305,929 | €183,525 | -€122,405 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €305,929 | €183,525 | -€122,405 | -40.0% |
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 9 October 2026 via checked.be.