SAFETY EQUIPMENT: 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 EQUIPMENT
Largest movements
- Stocks and contracts +€82,709
up €82,709 (+38.1%), from €217,291 to €300,000
- Receivables within one year -€7,959
down €7,959 (-4.5%), from €175,696 to €167,736
of which Trade receivables: -€10,988
- Short-term financial debts +€75,000
new in 2025: €75,000
- Debts after one year +€52,581
new in 2025: €52,581
- Reserves -€49,671
down €49,671 (-19.1%), from €260,099 to €210,428
- Trade debts -€42,946
down €42,946 (-31.7%), from €135,596 to €92,650
- Profit (loss) carried forward +€20,023
up €20,023 (+67.2%), from €29,795 to €49,818
- Write-downs +€7,047
new in 2025: €7,047
- Gross operating margin -€5,640
down €5,640 (-13.2%), from €42,659 to €37,019
- Taxes -€3,188
down €3,188 (-29.5%), from €10,825 to €7,636
- Other operating charges +€1,008
up €1,008 (+34.4%), from €2,933 to €3,941
- Financial charges -€675
down €675 (-22.7%), from €2,970 to €2,295
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 | €432,375 | €515,249 | +€82,874 | +19.2% |
| Fixed assets | 21/28 | €887 | €2,535 | +€1,648 | +186% |
| Tangible fixed assets | 22/27 | €887 | €2,535 | +€1,648 | +186% |
| Plant, machinery and equipment | 23 | €887 | €2,535 | +€1,648 | +186% |
| Current assets | 29/58 | €431,488 | €512,714 | +€81,226 | +18.8% |
| Stocks and contracts in progress | 3 | €217,291 | €300,000 | +€82,709 | +38.1% |
| Stocks | 30/36 | €217,291 | €300,000 | +€82,709 | +38.1% |
| Amounts receivable within one year | 40/41 | €175,696 | €167,736 | -€7,959 | -4.5% |
| Trade receivables | 40 | €161,936 | €150,947 | -€10,988 | -6.8% |
| Other amounts receivable | 41 | €13,760 | €16,789 | +€3,029 | +22.0% |
| Cash at bank and in hand | 54/58 | €34,587 | €38,807 | +€4,220 | +12.2% |
| Deferred charges and accrued income | 490/1 | €3,914 | €6,170 | +€2,256 | +57.6% |
| Total equity and liabilities | 10/49 | €432,375 | €515,249 | +€82,874 | +19.2% |
| Equity | 10/15 | €291,394 | €261,745 | -€29,649 | -10.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €260,099 | €210,428 | -€49,671 | -19.1% |
| Distributable reserves | 133 | €260,099 | €210,428 | -€49,671 | -19.1% |
| Profit (loss) carried forward | 14 | €29,795 | €49,818 | +€20,023 | +67.2% |
| Amounts payable | 17/49 | €140,981 | €253,504 | +€112,523 | +79.8% |
| Amounts payable after more than one year | 17 | - | €52,581 | +€52,581 | |
| Financial debts | 170/4 | - | €52,581 | +€52,581 | |
| Amounts payable within one year | 42/48 | €139,857 | €200,923 | +€61,066 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,007 | +€18,007 | |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €135,596 | €92,650 | -€42,946 | -31.7% |
| Suppliers | 440/4 | €135,596 | €92,650 | -€42,946 | -31.7% |
| Taxes, remuneration and social security | 45 | €3,650 | €14,065 | +€10,415 | +285% |
| Taxes | 450/3 | €3,650 | €14,065 | +€10,415 | +285% |
| Other amounts payable | 47/48 | €611 | €1,202 | +€591 | +96.7% |
| Accrued charges and deferred income | 492/3 | €1,124 | - | -€1,124 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €441 | +€6 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,047 | +€7,047 | |
| Other operating charges | 640/8 | €2,933 | €3,941 | +€1,008 | +34.4% |
| Gross operating margin | 9900 | €42,659 | €37,019 | -€5,640 | -13.2% |
| Operating profit (loss) | 9901 | €39,291 | €25,590 | -€13,701 | -34.9% |
| Financial income | 75/76B | €4,298 | €4,364 | +€66 | +1.5% |
| Recurring financial income | 75 | €4,298 | €4,364 | +€66 | +1.5% |
| Financial charges | 65/66B | €2,970 | €2,295 | -€675 | -22.7% |
| Recurring financial charges | 65 | €2,970 | €2,295 | -€675 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €40,620 | €27,659 | -€12,961 | -31.9% |
| Income taxes | 67/77 | €10,825 | €7,636 | -€3,188 | -29.5% |
| Profit (loss) for the period | 9904 | €29,795 | €20,023 | -€9,772 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,795 | €20,023 | -€9,772 | -32.8% |
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 28 October 2026 via checked.be.