SAFETY IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€42,419
down €42,419 (-5.4%), from €778,372 to €735,953
of which Land and buildings: -€36,105
- Receivables within one year -€34,367
down €34,367 (-30.0%), from €114,501 to €80,134
of which Other amounts receivable: -€48,573
- Debts after one year -€64,167
down €64,167 (-12.0%), from €536,192 to €472,025
- Gross operating margin -€17,289
down €17,289 (-19.4%), from €89,277 to €71,988
- Other operating charges +€3,454
up €3,454 (+54.5%), from €6,338 to €9,791
- Taxes +€1,928
new in 2025: €1,928
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,217,873 | €1,141,817 | -€76,056 | -6.2% |
| Fixed assets | 21/28 | €1,103,372 | €1,061,683 | -€41,689 | -3.8% |
| Tangible fixed assets | 22/27 | €778,372 | €735,953 | -€42,419 | -5.4% |
| Land and buildings | 22 | €737,226 | €701,122 | -€36,105 | -4.9% |
| Other tangible fixed assets | 26 | €41,146 | €34,831 | -€6,314 | -15.3% |
| Financial fixed assets | 28 | €325,000 | €325,730 | +€730 | +0.2% |
| Current assets | 29/58 | €114,501 | €80,134 | -€34,367 | -30.0% |
| Amounts receivable within one year | 40/41 | €114,501 | €80,134 | -€34,367 | -30.0% |
| Trade receivables | 40 | €16,494 | €30,701 | +€14,207 | +86.1% |
| Other amounts receivable | 41 | €98,007 | €49,433 | -€48,573 | -49.6% |
| Total equity and liabilities | 10/49 | €1,217,873 | €1,141,817 | -€76,056 | -6.2% |
| Equity | 10/15 | -€21,240 | -€15,034 | +€6,205 | +29.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,437 | -€21,232 | +€6,205 | +22.6% |
| Amounts payable | 17/49 | €1,239,112 | €1,156,851 | -€82,261 | -6.6% |
| Amounts payable after more than one year | 17 | €536,192 | €472,025 | -€64,167 | -12.0% |
| Financial debts | 170/4 | €536,192 | €472,025 | -€64,167 | -12.0% |
| Amounts payable within one year | 42/48 | €702,920 | €684,826 | -€18,094 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €62,903 | €64,167 | +€1,264 | +2.0% |
| Financial debts | 43 | €5,198 | €5,170 | -€28 | -0.5% |
| Credit institutions | 430/8 | €5,198 | €5,170 | -€28 | -0.5% |
| Trade debts | 44 | €26,435 | €15,930 | -€10,505 | -39.7% |
| Suppliers | 440/4 | €26,435 | €15,930 | -€10,505 | -39.7% |
| Taxes, remuneration and social security | 45 | - | €1,928 | +€1,928 | |
| Taxes | 450/3 | - | €1,928 | +€1,928 | |
| Other amounts payable | 47/48 | €608,384 | €597,631 | -€10,753 | -1.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,419 | €42,419 | = | 0.0% |
| Other operating charges | 640/8 | €6,338 | €9,791 | +€3,454 | +54.5% |
| Gross operating margin | 9900 | €89,277 | €71,988 | -€17,289 | -19.4% |
| Operating profit (loss) | 9901 | €40,520 | €19,778 | -€20,742 | -51.2% |
| Financial income | 75/76B | - | €470 | +€470 | |
| Recurring financial income | 75 | - | €470 | +€470 | |
| Financial charges | 65/66B | €11,981 | €12,115 | +€134 | +1.1% |
| Recurring financial charges | 65 | €11,981 | €12,115 | +€134 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €28,539 | €8,133 | -€20,406 | -71.5% |
| Income taxes | 67/77 | - | €1,928 | +€1,928 | |
| Profit (loss) for the period | 9904 | €28,539 | €6,205 | -€22,334 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,539 | €6,205 | -€22,334 | -78.3% |
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 16 October 2026 via checked.be.