SAFETY EXPERTISE: what changed
SAFETY EXPERTISE
Largest movements
- Tangible fixed assets -€40,715
down €40,715 (-63.6%), from €64,026 to €23,311
of which Furniture and vehicles: -€39,014
- Cash -€13,141
down €13,141 (-14.3%), from €92,191 to €79,050
mainly Debts after one year (-€35,378) and Tax, wage and social debts (-€23,768)
- Debts after one year -€35,378
down €35,378 (-48.3%), from €73,262 to €37,884
- Tax, wage and social debts -€23,768
down €23,768 (-24.4%), from €97,276 to €73,508
of which Taxes: -€13,775
- Profit (loss) carried forward +€13,942
up €13,942 (+37.8%), from €36,908 to €50,850
- Trade debts -€10,939
down €10,939 (-21.7%), from €50,427 to €39,488
- Gross operating margin -€118,591
down €118,591 (-23.6%), from €501,916 to €383,325
- Staff costs -€62,281
down €62,281 (-16.8%), from €371,342 to €309,061
- Depreciation -€15,703
down €15,703 (-32.1%), from €48,953 to €33,250
- Taxes -€6,987
down €6,987 (-27.0%), from €25,831 to €18,844
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,473 | €220,330 | -€56,143 | -20.3% |
| Fixed assets | 21/28 | €64,026 | €23,311 | -€40,715 | -63.6% |
| Tangible fixed assets | 22/27 | €64,026 | €23,311 | -€40,715 | -63.6% |
| Land and buildings | 22 | €8,456 | €7,399 | -€1,057 | -12.5% |
| Plant, machinery and equipment | 23 | €3,515 | €2,871 | -€644 | -18.3% |
| Furniture and vehicles | 24 | €52,055 | €13,041 | -€39,014 | -74.9% |
| Current assets | 29/58 | €212,447 | €197,019 | -€15,428 | -7.3% |
| Amounts receivable within one year | 40/41 | €120,256 | €117,969 | -€2,287 | -1.9% |
| Trade receivables | 40 | €63,527 | €69,196 | +€5,669 | +8.9% |
| Other amounts receivable | 41 | €56,729 | €48,773 | -€7,956 | -14.0% |
| Cash at bank and in hand | 54/58 | €92,191 | €79,050 | -€13,141 | -14.3% |
| Total equity and liabilities | 10/49 | €276,473 | €220,330 | -€56,143 | -20.3% |
| Equity | 10/15 | €55,508 | €69,450 | +€13,942 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,908 | €50,850 | +€13,942 | +37.8% |
| Amounts payable | 17/49 | €220,965 | €150,880 | -€70,085 | -31.7% |
| Amounts payable after more than one year | 17 | €73,262 | €37,884 | -€35,378 | -48.3% |
| Financial debts | 170/4 | €73,262 | €37,884 | -€35,378 | -48.3% |
| Amounts payable within one year | 42/48 | €147,703 | €112,996 | -€34,707 | -23.5% |
| Trade debts | 44 | €50,427 | €39,488 | -€10,939 | -21.7% |
| Suppliers | 440/4 | €50,427 | €39,488 | -€10,939 | -21.7% |
| Taxes, remuneration and social security | 45 | €97,276 | €73,508 | -€23,768 | -24.4% |
| Taxes | 450/3 | €64,639 | €50,864 | -€13,775 | -21.3% |
| Remuneration and social security | 454/9 | €32,637 | €22,644 | -€9,993 | -30.6% |
| Remuneration, social security and pensions | 62 | €371,342 | €309,061 | -€62,281 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,953 | €33,250 | -€15,703 | -32.1% |
| Gross operating margin | 9900 | €501,916 | €383,325 | -€118,591 | -23.6% |
| Operating profit (loss) | 9901 | €81,621 | €41,014 | -€40,607 | -49.8% |
| Financial income | 75/76B | €3,146 | €3,047 | -€99 | -3.1% |
| Recurring financial income | 75 | €515 | €3,047 | +€2,532 | +492% |
| Non-recurring financial income | 76B | €2,631 | - | -€2,631 | |
| Financial charges | 65/66B | €6,773 | €11,275 | +€4,502 | +66.5% |
| Recurring financial charges | 65 | €6,773 | €11,275 | +€4,502 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €77,994 | €32,786 | -€45,208 | -58.0% |
| Income taxes | 67/77 | €25,831 | €18,844 | -€6,987 | -27.0% |
| Profit (loss) for the period | 9904 | €52,163 | €13,942 | -€38,221 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,163 | €13,942 | -€38,221 | -73.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.