SafeTco: 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.
SafeTco
Largest movements
- Cash +€23,472
up €23,472 (+92.9%), from €25,253 to €48,725
mainly Net result for the year (+€24,361) and Depreciation (+€4,910)
- Tangible fixed assets -€4,910
down €4,910 (-14.3%), from €34,273 to €29,363
of which Plant, machinery and equipment: -€3,254
- Receivables within one year -€1,663
down €1,663 (-7.0%), from €23,820 to €22,156
of which Trade receivables: -€4,624
- Deferred charges and accrued income -€1,052
down €1,052 (-43.3%), from €2,428 to €1,376
- Reserves +€23,000
up €23,000 (+86.8%), from €26,500 to €49,500
- Debts after one year -€7,376
down €7,376 (-34.3%), from €21,512 to €14,136
- Profit (loss) carried forward +€1,361
up €1,361 (+35.5%), from €3,836 to €5,196
- Gross operating margin +€24,468
up €24,468 (+133%), from €18,390 to €42,858
- Taxes +€6,430
up €6,430 (+128%), from €5,016 to €11,446
- Depreciation +€463
up €463 (+10.4%), from €4,447 to €4,910
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 | €85,773 | €101,620 | +€15,847 | +18.5% |
| Fixed assets | 21/28 | €34,273 | €29,363 | -€4,910 | -14.3% |
| Tangible fixed assets | 22/27 | €34,273 | €29,363 | -€4,910 | -14.3% |
| Plant, machinery and equipment | 23 | €27,261 | €24,007 | -€3,254 | -11.9% |
| Furniture and vehicles | 24 | €7,012 | €5,356 | -€1,656 | -23.6% |
| Current assets | 29/58 | €51,500 | €72,257 | +€20,757 | +40.3% |
| Amounts receivable within one year | 40/41 | €23,820 | €22,156 | -€1,663 | -7.0% |
| Trade receivables | 40 | €23,820 | €19,196 | -€4,624 | -19.4% |
| Other amounts receivable | 41 | €0 | €2,960 | +€2,960 | |
| Cash at bank and in hand | 54/58 | €25,253 | €48,725 | +€23,472 | +92.9% |
| Deferred charges and accrued income | 490/1 | €2,428 | €1,376 | -€1,052 | -43.3% |
| Total equity and liabilities | 10/49 | €85,773 | €101,620 | +€15,847 | +18.5% |
| Equity | 10/15 | €41,336 | €65,696 | +€24,361 | +58.9% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €26,500 | €49,500 | +€23,000 | +86.8% |
| Distributable reserves | 133 | €26,500 | €49,500 | +€23,000 | +86.8% |
| Profit (loss) carried forward | 14 | €3,836 | €5,196 | +€1,361 | +35.5% |
| Amounts payable | 17/49 | €44,438 | €35,924 | -€8,514 | -19.2% |
| Amounts payable after more than one year | 17 | €21,512 | €14,136 | -€7,376 | -34.3% |
| Financial debts | 170/4 | €21,512 | €14,136 | -€7,376 | -34.3% |
| Amounts payable within one year | 42/48 | €22,926 | €21,788 | -€1,138 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €7,376 | €7,376 | = | 0.0% |
| Trade debts | 44 | €2,390 | €1,607 | -€783 | -32.8% |
| Suppliers | 440/4 | €2,390 | €1,607 | -€783 | -32.8% |
| Taxes, remuneration and social security | 45 | €12,519 | €12,805 | +€286 | +2.3% |
| Taxes | 450/3 | €12,519 | €11,045 | -€1,474 | -11.8% |
| Remuneration and social security | 454/9 | €0 | €1,760 | +€1,760 | |
| Other amounts payable | 47/48 | €641 | €0 | -€641 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,447 | €4,910 | +€463 | +10.4% |
| Other operating charges | 640/8 | €845 | €873 | +€27 | +3.2% |
| Gross operating margin | 9900 | €18,390 | €42,858 | +€24,468 | +133% |
| Operating profit (loss) | 9901 | €13,097 | €37,075 | +€23,977 | +183% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,565 | €1,269 | -€296 | -18.9% |
| Recurring financial charges | 65 | €1,565 | €1,269 | -€296 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €11,533 | €35,806 | +€24,273 | +210% |
| Income taxes | 67/77 | €5,016 | €11,446 | +€6,430 | +128% |
| Profit (loss) for the period | 9904 | €6,517 | €24,361 | +€17,843 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €6,517 | €24,361 | +€17,843 | +274% |
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 24 October 2026 via checked.be.