SAFETEEN: 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.
SAFETEEN
Largest movements
- Cash +€57,507
up €57,507 (+133%), from €43,257 to €100,764
mainly Net result for the year (+€206,158) and Receivables within one year (+€9,982)
- Reserves +€206,158
up €206,158 (+47.1%), from €437,428 to €643,585
- Debts after one year -€164,785
down €164,785 (-18.6%), from €888,082 to €723,297
- Financial income -€235,000
down €235,000 (-54.0%), from €435,000 to €200,000
- Financial charges -€17,636
down €17,636 (-30.6%), from €57,590 to €39,954
- Gross operating margin -€12,876
down €12,876 (-21.1%), from €61,133 to €48,256
- Taxes +€932
up €932 (+154%), from €607 to €1,539
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 | €1,805,200 | €1,852,725 | +€47,525 | +2.6% |
| Fixed assets | 21/28 | €1,750,000 | €1,750,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,750,000 | €1,750,000 | = | 0.0% |
| Current assets | 29/58 | €55,200 | €102,725 | +€47,525 | +86.1% |
| Amounts receivable within one year | 40/41 | €11,943 | €1,961 | -€9,982 | -83.6% |
| Trade receivables | 40 | €6,050 | €0 | -€6,050 | -100% |
| Other amounts receivable | 41 | €5,893 | €1,961 | -€3,932 | -66.7% |
| Cash at bank and in hand | 54/58 | €43,257 | €100,764 | +€57,507 | +133% |
| Total equity and liabilities | 10/49 | €1,805,200 | €1,852,725 | +€47,525 | +2.6% |
| Equity | 10/15 | €737,428 | €943,585 | +€206,158 | +28.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €437,428 | €643,585 | +€206,158 | +47.1% |
| Distributable reserves | 133 | €437,428 | €643,585 | +€206,158 | +47.1% |
| Amounts payable | 17/49 | €1,067,773 | €909,140 | -€158,633 | -14.9% |
| Amounts payable after more than one year | 17 | €888,082 | €723,297 | -€164,785 | -18.6% |
| Financial debts | 170/4 | €888,082 | €723,297 | -€164,785 | -18.6% |
| Amounts payable within one year | 42/48 | €179,690 | €185,843 | +€6,152 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €158,829 | €164,785 | +€5,956 | +3.7% |
| Taxes, remuneration and social security | 45 | €861 | €1,057 | +€196 | +22.8% |
| Taxes | 450/3 | €861 | €1,057 | +€196 | +22.8% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Other operating charges | 640/8 | €507 | €605 | +€98 | +19.3% |
| Gross operating margin | 9900 | €61,133 | €48,256 | -€12,876 | -21.1% |
| Operating profit (loss) | 9901 | €60,625 | €47,651 | -€12,974 | -21.4% |
| Financial income | 75/76B | €435,000 | €200,000 | -€235,000 | -54.0% |
| Recurring financial income | 75 | €435,000 | €200,000 | -€235,000 | -54.0% |
| Financial charges | 65/66B | €57,590 | €39,954 | -€17,636 | -30.6% |
| Recurring financial charges | 65 | €57,590 | €39,954 | -€17,636 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €438,035 | €207,697 | -€230,338 | -52.6% |
| Income taxes | 67/77 | €607 | €1,539 | +€932 | +154% |
| Profit (loss) for the period | 9904 | €437,428 | €206,158 | -€231,270 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €437,428 | €206,158 | -€231,270 | -52.9% |
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 25 October 2026 via checked.be.