SAFETY CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables after one year -€71,422
down €71,422 (-20.2%), from €353,263 to €281,841
- Cash +€56,900
up €56,900 (+77.4%), from €73,555 to €130,454
mainly Receivables after one year (+€71,422) and Depreciation (+€25,830)
- Tangible fixed assets +€7,420
up €7,420 (+13.0%), from €56,997 to €64,417
of which Furniture and vehicles: +€20,830
- Profit (loss) carried forward -€11,470
down €11,470 (-39.5%), from -€29,066 to -€40,537
- Gross operating margin -€9,142
down €9,142 (-38.1%), from €24,011 to €14,869
- Financial income -€3,886
down €3,886 (-54.1%), from €7,180 to €3,293
- Depreciation -€3,759
down €3,759 (-12.7%), from €29,589 to €25,830
- Financial charges +€711
up €711, from -€530 to €181
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 | €529,036 | €516,365 | -€12,672 | -2.4% |
| Fixed assets | 21/28 | €56,997 | €64,417 | +€7,420 | +13.0% |
| Tangible fixed assets | 22/27 | €56,997 | €64,417 | +€7,420 | +13.0% |
| Land and buildings | 22 | €51,580 | €37,469 | -€14,111 | -27.4% |
| Plant, machinery and equipment | 23 | €2,145 | €2,689 | +€543 | +25.3% |
| Furniture and vehicles | 24 | €3,272 | €24,101 | +€20,830 | +637% |
| Other tangible fixed assets | 26 | - | €159 | +€159 | |
| Current assets | 29/58 | €472,039 | €451,948 | -€20,092 | -4.3% |
| Amounts receivable after more than one year | 29 | €353,263 | €281,841 | -€71,422 | -20.2% |
| Other amounts receivable | 291 | €353,263 | €281,841 | -€71,422 | -20.2% |
| Amounts receivable within one year | 40/41 | €44,582 | €39,653 | -€4,929 | -11.1% |
| Trade receivables | 40 | €23,578 | €18,231 | -€5,347 | -22.7% |
| Other amounts receivable | 41 | €21,004 | €21,422 | +€417 | +2.0% |
| Cash at bank and in hand | 54/58 | €73,555 | €130,454 | +€56,900 | +77.4% |
| Deferred charges and accrued income | 490/1 | €640 | €0 | -€640 | -100% |
| Total equity and liabilities | 10/49 | €529,036 | €516,365 | -€12,672 | -2.4% |
| Equity | 10/15 | €438,122 | €424,986 | -€13,136 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €448,588 | €446,922 | -€1,666 | -0.4% |
| Distributable reserves | 133 | €448,588 | €446,922 | -€1,666 | -0.4% |
| Profit (loss) carried forward | 14 | -€29,066 | -€40,537 | -€11,470 | -39.5% |
| Amounts payable | 17/49 | €90,914 | €91,379 | +€465 | +0.5% |
| Amounts payable within one year | 42/48 | €90,914 | €91,379 | +€465 | +0.5% |
| Trade debts | 44 | €1,908 | €519 | -€1,389 | -72.8% |
| Suppliers | 440/4 | €1,908 | €519 | -€1,389 | -72.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,280 | €3,276 | -€4 | -0.1% |
| Taxes | 450/3 | €3,280 | €3,276 | -€4 | -0.1% |
| Other amounts payable | 47/48 | €85,726 | €87,583 | +€1,858 | +2.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,589 | €25,830 | -€3,759 | -12.7% |
| Other operating charges | 640/8 | €3,585 | €3,353 | -€231 | -6.5% |
| Gross operating margin | 9900 | €24,011 | €14,869 | -€9,142 | -38.1% |
| Operating profit (loss) | 9901 | -€9,162 | -€14,314 | -€5,151 | -56.2% |
| Financial income | 75/76B | €7,180 | €3,293 | -€3,886 | -54.1% |
| Recurring financial income | 75 | €7,180 | €3,293 | -€3,886 | -54.1% |
| Financial charges | 65/66B | -€530 | €181 | +€711 | |
| Recurring financial charges | 65 | -€530 | €181 | +€711 | |
| Profit (loss) for the period before taxes | 9903 | -€1,453 | -€11,202 | -€9,749 | -671% |
| Income taxes | 67/77 | €244 | €269 | +€25 | +10.3% |
| Profit (loss) for the period | 9904 | -€1,696 | -€11,470 | -€9,774 | -576% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,696 | -€11,470 | -€9,774 | -576% |
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 29 October 2026 via checked.be.