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 +€24,794
up €24,794 (+26.9%), from €92,265 to €117,059
of which Trade receivables: +€34,671
- Financial fixed assets -€16,865
down €16,865 (-28.0%), from €60,125 to €43,260
- Cash -€11,296
down €11,296 (-61.8%), from €18,277 to €6,981
mainly Trade debts (-€37,964) and Receivables within one year (-€24,794)
- Tangible fixed assets -€8,803
down €8,803 (-13.8%), from €63,762 to €54,959
of which Furniture and vehicles: -€10,024
- Trade debts -€37,964
down €37,964 (-80.8%), from €46,990 to €9,026
- Profit (loss) carried forward +€26,168
up €26,168 (+19.3%), from €135,625 to €161,792
- Tax, wage and social debts +€2,920
up €2,920 (+28.8%), from €10,152 to €13,072
of which Taxes: +€4,080
- Debts after one year -€2,888
down €2,888 (-100.0%), from €2,888 to €0
- Gross operating margin -€13,923
down €13,923 (-14.5%), from €96,013 to €82,091
- Staff costs -€3,044
down €3,044 (-10.0%), from €30,432 to €27,388
- Taxes -€2,792
down €2,792 (-22.2%), from €12,554 to €9,763
- Depreciation +€1,595
up €1,595 (+8.3%), from €19,286 to €20,881
- Financial income +€1,498
up €1,498 (+89.3%), from €1,678 to €3,175
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 | €237,632 | €225,269 | -€12,363 | -5.2% |
| Fixed assets | 21/28 | €123,887 | €98,219 | -€25,668 | -20.7% |
| Tangible fixed assets | 22/27 | €63,762 | €54,959 | -€8,803 | -13.8% |
| Plant, machinery and equipment | 23 | €13,711 | €10,567 | -€3,144 | -22.9% |
| Furniture and vehicles | 24 | €38,976 | €28,952 | -€10,024 | -25.7% |
| Other tangible fixed assets | 26 | €11,075 | €15,440 | +€4,365 | +39.4% |
| Financial fixed assets | 28 | €60,125 | €43,260 | -€16,865 | -28.0% |
| Current assets | 29/58 | €113,745 | €127,050 | +€13,305 | +11.7% |
| Amounts receivable within one year | 40/41 | €92,265 | €117,059 | +€24,794 | +26.9% |
| Trade receivables | 40 | €61,593 | €96,265 | +€34,671 | +56.3% |
| Other amounts receivable | 41 | €30,671 | €20,794 | -€9,877 | -32.2% |
| Cash at bank and in hand | 54/58 | €18,277 | €6,981 | -€11,296 | -61.8% |
| Deferred charges and accrued income | 490/1 | €3,204 | €3,010 | -€194 | -6.1% |
| Total equity and liabilities | 10/49 | €237,632 | €225,269 | -€12,363 | -5.2% |
| Equity | 10/15 | €170,745 | €196,912 | +€26,168 | +15.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €14,660 | €14,660 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €11,160 | €11,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,625 | €161,792 | +€26,168 | +19.3% |
| Amounts payable | 17/49 | €66,888 | €28,357 | -€38,531 | -57.6% |
| Amounts payable after more than one year | 17 | €2,888 | €0 | -€2,888 | -100.0% |
| Financial debts | 170/4 | €2,888 | €0 | -€2,888 | -100.0% |
| Amounts payable within one year | 42/48 | €64,000 | €28,357 | -€35,643 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €6,858 | €6,258 | -€600 | -8.7% |
| Trade debts | 44 | €46,990 | €9,026 | -€37,964 | -80.8% |
| Suppliers | 440/4 | €46,990 | €9,026 | -€37,964 | -80.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,152 | €13,072 | +€2,920 | +28.8% |
| Taxes | 450/3 | €2,880 | €6,960 | +€4,080 | +141.7% |
| Remuneration and social security | 454/9 | €7,272 | €6,112 | -€1,160 | -16.0% |
| Remuneration, social security and pensions | 62 | €30,432 | €27,388 | -€3,044 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,286 | €20,881 | +€1,595 | +8.3% |
| Other operating charges | 640/8 | €671 | €693 | +€22 | +3.3% |
| Gross operating margin | 9900 | €96,013 | €82,091 | -€13,923 | -14.5% |
| Operating profit (loss) | 9901 | €45,624 | €33,128 | -€12,496 | -27.4% |
| Financial income | 75/76B | €1,678 | €3,175 | +€1,498 | +89.3% |
| Recurring financial income | 75 | €1,678 | €3,175 | +€1,498 | +89.3% |
| Financial charges | 65/66B | €624 | €373 | -€251 | -40.2% |
| Recurring financial charges | 65 | €624 | €373 | -€251 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €46,677 | €35,931 | -€10,747 | -23.0% |
| Income taxes | 67/77 | €12,554 | €9,763 | -€2,792 | -22.2% |
| Profit (loss) for the period | 9904 | €34,123 | €26,168 | -€7,955 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,123 | €26,168 | -€7,955 | -23.3% |
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 11 October 2026 via checked.be.