SAFE SYSTEMS: 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 SYSTEMS
Largest movements
- Current investments +€360,000
up €360,000 (+144%), from €250,000 to €610,000
- Receivables within one year -€152,197
down €152,197 (-54.2%), from €280,895 to €128,698
of which Other amounts receivable: -€196,610
- Tangible fixed assets -€115,859
down €115,859 (-46.3%), from €250,195 to €134,336
of which Land and buildings: -€130,680
- Intangible fixed assets -€34,400
down €34,400 (-33.1%), from €104,072 to €69,672
- Cash -€17,790
down €17,790 (-37.6%), from €47,360 to €29,570
mainly Current investments (-€360,000) and Contributions, distributions and other (-€302,212)
- Reserves +€65,038
up €65,038 (+6.4%), from €1.0m to €1.1m
of which Distributable reserves: +€65,038
- Tax, wage and social debts +€54,688
up €54,688 (+162%), from €33,657 to €88,345
of which Taxes: +€54,688
- Debts after one year -€36,518
down €36,518 (-53.0%), from €68,965 to €32,447
- Other debts -€29,308
down €29,308 (-29.8%), from €98,224 to €68,916
- Gross operating margin +€105,900
up €105,900 (+20.9%), from €506,054 to €611,955
- Taxes +€42,739
up €42,739 (+34.7%), from €123,054 to €165,793
- Financial charges -€15,179
down €15,179 (-61.0%), from €24,891 to €9,712
- Depreciation -€13,901
down €13,901 (-16.9%), from €82,262 to €68,362
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 | €1,259,048 | €1,306,613 | +€47,565 | +3.8% |
| Fixed assets | 21/28 | €354,267 | €204,007 | -€150,259 | -42.4% |
| Intangible fixed assets | 21 | €104,072 | €69,672 | -€34,400 | -33.1% |
| Tangible fixed assets | 22/27 | €250,195 | €134,336 | -€115,859 | -46.3% |
| Land and buildings | 22 | €130,680 | - | -€130,680 | |
| Plant, machinery and equipment | 23 | €7,523 | €6,230 | -€1,293 | -17.2% |
| Furniture and vehicles | 24 | €100,156 | €118,715 | +€18,559 | +18.5% |
| Other tangible fixed assets | 26 | €11,836 | €9,391 | -€2,445 | -20.7% |
| Current assets | 29/58 | €904,782 | €1,102,606 | +€197,824 | +21.9% |
| Stocks and contracts in progress | 3 | €326,415 | €334,203 | +€7,789 | +2.4% |
| Stocks | 30/36 | €326,415 | €334,203 | +€7,789 | +2.4% |
| Amounts receivable within one year | 40/41 | €280,895 | €128,698 | -€152,197 | -54.2% |
| Trade receivables | 40 | €50,219 | €94,632 | +€44,413 | +88.4% |
| Other amounts receivable | 41 | €230,676 | €34,066 | -€196,610 | -85.2% |
| Current investments | 50/53 | €250,000 | €610,000 | +€360,000 | +144% |
| Cash at bank and in hand | 54/58 | €47,360 | €29,570 | -€17,790 | -37.6% |
| Deferred charges and accrued income | 490/1 | €112 | €134 | +€22 | +19.6% |
| Total equity and liabilities | 10/49 | €1,259,048 | €1,306,613 | +€47,565 | +3.8% |
| Equity | 10/15 | €1,010,553 | €1,075,591 | +€65,038 | +6.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,008,553 | €1,073,591 | +€65,038 | +6.4% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €1,008,353 | €1,073,391 | +€65,038 | +6.4% |
| Amounts payable | 17/49 | €248,495 | €231,022 | -€17,473 | -7.0% |
| Amounts payable after more than one year | 17 | €68,965 | €32,447 | -€36,518 | -53.0% |
| Financial debts | 170/4 | €68,965 | €32,447 | -€36,518 | -53.0% |
| Amounts payable within one year | 42/48 | €179,530 | €198,576 | +€19,046 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €36,444 | €36,518 | +€75 | +0.2% |
| Trade debts | 44 | €11,206 | €4,797 | -€6,409 | -57.2% |
| Suppliers | 440/4 | €11,206 | €4,797 | -€6,409 | -57.2% |
| Taxes, remuneration and social security | 45 | €33,657 | €88,345 | +€54,688 | +162% |
| Taxes | 450/3 | €31,157 | €85,845 | +€54,688 | +176% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €98,224 | €68,916 | -€29,308 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,262 | €68,362 | -€13,901 | -16.9% |
| Other operating charges | 640/8 | €5,525 | €2,346 | -€3,179 | -57.5% |
| Gross operating margin | 9900 | €506,054 | €611,955 | +€105,900 | +20.9% |
| Operating profit (loss) | 9901 | €418,268 | €541,247 | +€122,980 | +29.4% |
| Financial income | 75/76B | €2,152 | €1,508 | -€644 | -29.9% |
| Recurring financial income | 75 | €2,152 | €1,508 | -€644 | -29.9% |
| Financial charges | 65/66B | €24,891 | €9,712 | -€15,179 | -61.0% |
| Recurring financial charges | 65 | €24,891 | €9,712 | -€15,179 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €395,528 | €533,043 | +€137,514 | +34.8% |
| Income taxes | 67/77 | €123,054 | €165,793 | +€42,739 | +34.7% |
| Profit (loss) for the period | 9904 | €272,475 | €367,250 | +€94,775 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €272,475 | €367,250 | +€94,775 | +34.8% |
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 14 October 2026 via checked.be.