SAFETY MATCH: 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 MATCH
Largest movements
- Receivables within one year +€9,083
up €9,083 (+43.0%), from €21,102 to €30,185
of which Trade receivables: +€11,466
- Tangible fixed assets -€8,033
down €8,033 (-21.9%), from €36,681 to €28,647
of which Furniture and vehicles: -€6,766
- Cash +€1,451
up €1,451 (+102%), from €1,417 to €2,868
mainly Net result for the year (+€14,909) and Depreciation (+€8,033)
- Reserves +€16,421
new in 2024: €16,421
- Debts after one year -€10,147
down €10,147 (-30.3%), from €33,437 to €23,290
of which Other amounts payable: -€6,200
- Trade debts -€8,556
down €8,556 (-66.0%), from €12,961 to €4,405
- Tax, wage and social debts +€6,321
up €6,321 (+206%), from €3,073 to €9,394
- Profit (loss) carried forward -€1,512
no longer reported in 2024 (was €1,512)
- Gross operating margin +€23,244
up €23,244 (+325%), from €7,162 to €30,405
- Depreciation +€5,254
up €5,254 (+189%), from €2,779 to €8,033
- Taxes +€2,416
up €2,416 (+147%), from €1,649 to €4,064
- Financial charges +€1,918
up €1,918 (+379%), from €506 to €2,424
- Other operating charges +€545
up €545 (+75.3%), from €723 to €1,268
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,938 | €62,756 | +€2,819 | +4.7% |
| Fixed assets | 21/28 | €36,681 | €28,647 | -€8,033 | -21.9% |
| Tangible fixed assets | 22/27 | €36,681 | €28,647 | -€8,033 | -21.9% |
| Plant, machinery and equipment | 23 | €5,943 | €4,676 | -€1,268 | -21.3% |
| Furniture and vehicles | 24 | €30,738 | €23,972 | -€6,766 | -22.0% |
| Current assets | 29/58 | €23,257 | €34,109 | +€10,852 | +46.7% |
| Amounts receivable within one year | 40/41 | €21,102 | €30,185 | +€9,083 | +43.0% |
| Trade receivables | 40 | €14,877 | €26,343 | +€11,466 | +77.1% |
| Other amounts receivable | 41 | €6,225 | €3,843 | -€2,383 | -38.3% |
| Cash at bank and in hand | 54/58 | €1,417 | €2,868 | +€1,451 | +102% |
| Deferred charges and accrued income | 490/1 | €738 | €1,055 | +€318 | +43.0% |
| Total equity and liabilities | 10/49 | €59,938 | €62,756 | +€2,819 | +4.7% |
| Equity | 10/15 | €6,512 | €21,421 | +€14,909 | +229% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €16,421 | +€16,421 | |
| Distributable reserves | 133 | - | €16,421 | +€16,421 | |
| Profit (loss) carried forward | 14 | €1,512 | - | -€1,512 | |
| Amounts payable | 17/49 | €53,426 | €41,336 | -€12,090 | -22.6% |
| Amounts payable after more than one year | 17 | €33,437 | €23,290 | -€10,147 | -30.3% |
| Financial debts | 170/4 | €27,237 | €23,290 | -€3,947 | -14.5% |
| Other amounts payable | 178/9 | €6,200 | - | -€6,200 | |
| Amounts payable within one year | 42/48 | €19,989 | €18,046 | -€1,943 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €3,655 | €3,947 | +€292 | +8.0% |
| Trade debts | 44 | €12,961 | €4,405 | -€8,556 | -66.0% |
| Suppliers | 440/4 | €12,961 | €4,405 | -€8,556 | -66.0% |
| Taxes, remuneration and social security | 45 | €3,073 | €9,394 | +€6,321 | +206% |
| Taxes | 450/3 | €3,073 | €9,394 | +€6,321 | +206% |
| Other amounts payable | 47/48 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,779 | €8,033 | +€5,254 | +189% |
| Other operating charges | 640/8 | €723 | €1,268 | +€545 | +75.3% |
| Gross operating margin | 9900 | €7,162 | €30,405 | +€23,244 | +325% |
| Operating profit (loss) | 9901 | €3,659 | €21,104 | +€17,445 | +477% |
| Financial income | 75/76B | €8 | €293 | +€286 | +3,768% |
| Recurring financial income | 75 | €8 | €293 | +€286 | +3,768% |
| Financial charges | 65/66B | €506 | €2,424 | +€1,918 | +379% |
| Recurring financial charges | 65 | €506 | €2,424 | +€1,918 | +379% |
| Profit (loss) for the period before taxes | 9903 | €3,160 | €18,973 | +€15,813 | +500% |
| Income taxes | 67/77 | €1,649 | €4,064 | +€2,416 | +147% |
| Profit (loss) for the period | 9904 | €1,512 | €14,909 | +€13,397 | +886% |
| Profit (loss) for the period to be appropriated | 9905 | €1,512 | €14,909 | +€13,397 | +886% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.