SAFETECH: 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.
SAFETECH
Largest movements
- Receivables within one year +€81,931
up €81,931 (+93.8%), from €87,342 to €169,273
of which Trade receivables: +€81,250
- Cash +€64,062
up €64,062 (+23.5%), from €272,843 to €336,905
mainly Net result for the year (+€100,869) and Tax, wage and social debts (+€30,042)
- Profit (loss) carried forward +€100,869
up €100,869 (+49.3%), from €204,810 to €305,679
- Tax, wage and social debts +€30,042
up €30,042 (+460%), from €6,531 to €36,573
of which Taxes: +€29,651
- Trade debts +€21,102
up €21,102 (+77.2%), from €27,319 to €48,421
- Short-term financial debts -€7,032
no longer reported in 2025 (was €7,032)
- Gross operating margin -€307,890
down €307,890 (-69.2%), from €444,868 to €136,978
- Financial charges -€150,159
down €150,159 (-99.8%), from €150,448 to €289
of which Non-recurring financial charges: -€150,000
- Taxes -€27,226
down €27,226 (-47.4%), from €57,431 to €30,205
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 | €383,898 | €528,969 | +€145,072 | +37.8% |
| Fixed assets | 21/28 | €23,713 | €22,791 | -€922 | -3.9% |
| Intangible fixed assets | 21 | €20,871 | €15,957 | -€4,914 | -23.5% |
| Tangible fixed assets | 22/27 | €988 | €4,981 | +€3,993 | +404% |
| Furniture and vehicles | 24 | €988 | €4,981 | +€3,993 | +404% |
| Financial fixed assets | 28 | €1,854 | €1,854 | = | 0.0% |
| Current assets | 29/58 | €360,185 | €506,178 | +€145,993 | +40.5% |
| Amounts receivable within one year | 40/41 | €87,342 | €169,273 | +€81,931 | +93.8% |
| Trade receivables | 40 | €21,287 | €102,538 | +€81,250 | +382% |
| Other amounts receivable | 41 | €66,055 | €66,736 | +€681 | +1.0% |
| Cash at bank and in hand | 54/58 | €272,843 | €336,905 | +€64,062 | +23.5% |
| Total equity and liabilities | 10/49 | €383,898 | €528,969 | +€145,072 | +37.8% |
| Equity | 10/15 | €305,250 | €406,119 | +€100,869 | +33.0% |
| Contributions | 10/11 | €98,580 | €98,580 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,810 | €305,679 | +€100,869 | +49.3% |
| Amounts payable | 17/49 | €78,648 | €122,850 | +€44,202 | +56.2% |
| Amounts payable within one year | 42/48 | €78,648 | €122,850 | +€44,202 | +56.2% |
| Financial debts | 43 | €7,032 | - | -€7,032 | |
| Credit institutions | 430/8 | €7,032 | - | -€7,032 | |
| Trade debts | 44 | €27,319 | €48,421 | +€21,102 | +77.2% |
| Suppliers | 440/4 | €27,319 | €48,421 | +€21,102 | +77.2% |
| Taxes, remuneration and social security | 45 | €6,531 | €36,573 | +€30,042 | +460% |
| Taxes | 450/3 | €174 | €29,824 | +€29,651 | +17,068% |
| Remuneration and social security | 454/9 | €6,358 | €6,749 | +€391 | +6.2% |
| Other amounts payable | 47/48 | €37,766 | €37,856 | +€91 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,695 | €6,127 | +€433 | +7.6% |
| Gross operating margin | 9900 | €444,868 | €136,978 | -€307,890 | -69.2% |
| Operating profit (loss) | 9901 | €439,173 | €130,850 | -€308,323 | -70.2% |
| Financial income | 75/76B | €325 | €513 | +€188 | +57.6% |
| Recurring financial income | 75 | €325 | €513 | +€188 | +57.6% |
| Financial charges | 65/66B | €150,448 | €289 | -€150,159 | -99.8% |
| Recurring financial charges | 65 | €448 | €289 | -€159 | -35.5% |
| Non-recurring financial charges | 66B | €150,000 | - | -€150,000 | |
| Profit (loss) for the period before taxes | 9903 | €289,051 | €131,075 | -€157,976 | -54.7% |
| Income taxes | 67/77 | €57,431 | €30,205 | -€27,226 | -47.4% |
| Profit (loss) for the period | 9904 | €231,620 | €100,869 | -€130,750 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €231,620 | €100,869 | -€130,750 | -56.5% |
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 16 October 2026 via checked.be.