Safety By Choice: 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.
Safety By Choice
Largest movements
- Cash -€19,786
down €19,786 (-99.9%), from €19,802 to €16
mainly Contributions, distributions and other (-€36,878) and Investment in fixed assets (net) (-€16,907)
- Tangible fixed assets +€12,399
up €12,399 (+135%), from €9,218 to €21,617
of which Furniture and vehicles: +€10,442
- Deferred charges and accrued income +€1,197
up €1,197 (+67.5%), from €1,773 to €2,970
- Other debts +€31,070
up €31,070 (+535%), from €5,808 to €36,878
- Reserves -€30,325
down €30,325 (-100%), from €30,325 to €0
- Current portion of long-term debt -€9,981
down €9,981 (-83.2%), from €12,000 to €2,019
- Short-term financial debts +€2,496
new in 2025: €2,496
- Trade debts +€2,104
up €2,104 (+176%), from €1,197 to €3,301
- Gross operating margin -€42,761
down €42,761 (-67.5%), from €63,355 to €20,593
- Taxes -€6,167
down €6,167 (-65.3%), from €9,438 to €3,272
- Other operating charges +€4,333
up €4,333 (+3,672%), from €118 to €4,451
- Depreciation +€2,760
up €2,760 (+158%), from €1,749 to €4,508
- Financial charges +€700
up €700 (+52.0%), from €1,346 to €2,046
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 | €56,656 | €50,948 | -€5,707 | -10.1% |
| Fixed assets | 21/28 | €9,258 | €21,657 | +€12,399 | +134% |
| Tangible fixed assets | 22/27 | €9,218 | €21,617 | +€12,399 | +135% |
| Plant, machinery and equipment | 23 | €6,010 | €7,966 | +€1,956 | +32.6% |
| Furniture and vehicles | 24 | €3,209 | €13,651 | +€10,442 | +325% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €47,397 | €29,291 | -€18,106 | -38.2% |
| Stocks and contracts in progress | 3 | €1,730 | €1,730 | = | 0.0% |
| Stocks | 30/36 | €1,730 | €1,730 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,093 | €24,576 | +€483 | +2.0% |
| Trade receivables | 40 | €17,300 | €15,588 | -€1,712 | -9.9% |
| Other amounts receivable | 41 | €6,792 | €8,988 | +€2,196 | +32.3% |
| Cash at bank and in hand | 54/58 | €19,802 | €16 | -€19,786 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,773 | €2,970 | +€1,197 | +67.5% |
| Total equity and liabilities | 10/49 | €56,656 | €50,948 | -€5,707 | -10.1% |
| Equity | 10/15 | €30,325 | €0 | -€30,325 | -100% |
| Reserves | 13 | €30,325 | €0 | -€30,325 | -100% |
| Distributable reserves | 133 | €30,325 | €0 | -€30,325 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,331 | €50,948 | +€24,618 | +93.5% |
| Amounts payable within one year | 42/48 | €26,331 | €50,948 | +€24,618 | +93.5% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €2,019 | -€9,981 | -83.2% |
| Financial debts | 43 | - | €2,496 | +€2,496 | |
| Credit institutions | 430/8 | - | €2,496 | +€2,496 | |
| Trade debts | 44 | €1,197 | €3,301 | +€2,104 | +176% |
| Suppliers | 440/4 | €1,197 | €3,301 | +€2,104 | +176% |
| Taxes, remuneration and social security | 45 | €7,326 | €6,255 | -€1,071 | -14.6% |
| Taxes | 450/3 | €7,326 | €6,255 | -€1,071 | -14.6% |
| Other amounts payable | 47/48 | €5,808 | €36,878 | +€31,070 | +535% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,749 | €4,508 | +€2,760 | +158% |
| Other operating charges | 640/8 | €118 | €4,451 | +€4,333 | +3,672% |
| Gross operating margin | 9900 | €63,355 | €20,593 | -€42,761 | -67.5% |
| Operating profit (loss) | 9901 | €61,488 | €11,634 | -€49,854 | -81.1% |
| Financial income | 75/76B | €138 | €237 | +€99 | +72.1% |
| Recurring financial income | 75 | €138 | €237 | +€99 | +72.1% |
| Financial charges | 65/66B | €1,346 | €2,046 | +€700 | +52.0% |
| Recurring financial charges | 65 | €1,346 | €2,046 | +€700 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €60,280 | €9,825 | -€50,455 | -83.7% |
| Income taxes | 67/77 | €9,438 | €3,272 | -€6,167 | -65.3% |
| Profit (loss) for the period | 9904 | €50,842 | €6,554 | -€44,288 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,842 | €6,554 | -€44,288 | -87.1% |
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 13 October 2026 via checked.be.