Safety Minded: what changed
Two fiscal 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 Minded
Largest movements
- Cash +€47,623
up €47,623 (+134.6%), from €35,377 to €83,000
mainly Net result for the year (+€37,117) and Tax, wage and social debts (+€8,062)
- Deferred charges and accrued income -€7,572
down €7,572 (-87.0%), from €8,707 to €1,135
- Tangible fixed assets +€2,900
up €2,900 (+232.7%), from €1,246 to €4,146
of which Furniture and vehicles: +€1,557
- Receivables within one year +€2,875
up €2,875 (+49.6%), from €5,793 to €8,668
of which Trade receivables: +€2,787
- Reserves +€37,117
up €37,117 (+151.0%), from €24,579 to €61,696
- Tax, wage and social debts +€8,062
up €8,062 (+42.8%), from €18,821 to €26,883
- Gross operating margin +€17,954
up €17,954 (+50.3%), from €35,711 to €53,665
- Taxes +€4,946
up €4,946 (+50.2%), from €9,846 to €14,791
- Depreciation +€600
up €600 (+16907.0%), from €4 to €604
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.
Cash bridge derived
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 | €51,398 | €97,224 | +€45,826 | +89.2% |
| Fixed assets | 21/28 | €1,521 | €4,421 | +€2,900 | +190.6% |
| Tangible fixed assets | 22/27 | €1,246 | €4,146 | +€2,900 | +232.7% |
| Plant, machinery and equipment | 23 | - | €1,342 | +€1,342 | |
| Furniture and vehicles | 24 | €1,246 | €2,803 | +€1,557 | +125.0% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €49,877 | €92,803 | +€42,926 | +86.1% |
| Amounts receivable within one year | 40/41 | €5,793 | €8,668 | +€2,875 | +49.6% |
| Trade receivables | 40 | €5,793 | €8,580 | +€2,787 | +48.1% |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €35,377 | €83,000 | +€47,623 | +134.6% |
| Deferred charges and accrued income | 490/1 | €8,707 | €1,135 | -€7,572 | -87.0% |
| Total equity and liabilities | 10/49 | €51,398 | €97,224 | +€45,826 | +89.2% |
| Equity | 10/15 | €31,579 | €68,696 | +€37,117 | +117.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €24,579 | €61,696 | +€37,117 | +151.0% |
| Distributable reserves | 133 | €24,579 | €61,696 | +€37,117 | +151.0% |
| Amounts payable | 17/49 | €19,819 | €28,528 | +€8,708 | +43.9% |
| Amounts payable within one year | 42/48 | €19,195 | €28,053 | +€8,858 | +46.1% |
| Trade debts | 44 | €353 | €1,004 | +€651 | +184.5% |
| Suppliers | 440/4 | €353 | €1,004 | +€651 | +184.5% |
| Taxes, remuneration and social security | 45 | €18,821 | €26,883 | +€8,062 | +42.8% |
| Taxes | 450/3 | €18,821 | €26,883 | +€8,062 | +42.8% |
| Other amounts payable | 47/48 | €20 | €165 | +€145 | +709.1% |
| Accrued charges and deferred income | 492/3 | €624 | €475 | -€149 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €604 | +€600 | +16907.0% |
| Other operating charges | 640/8 | €40 | €15 | -€26 | -64.0% |
| Gross operating margin | 9900 | €35,711 | €53,665 | +€17,954 | +50.3% |
| Operating profit (loss) | 9901 | €35,667 | €53,047 | +€17,379 | +48.7% |
| Financial income | 75/76B | €1 | €13 | +€12 | +2482.0% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +2482.0% |
| Financial charges | 65/66B | €1,243 | €1,151 | -€93 | -7.4% |
| Recurring financial charges | 65 | €1,243 | €1,151 | -€93 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €34,424 | €51,909 | +€17,484 | +50.8% |
| Income taxes | 67/77 | €9,846 | €14,791 | +€4,946 | +50.2% |
| Profit (loss) for the period | 9904 | €24,579 | €37,117 | +€12,539 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,579 | €37,117 | +€12,539 | +51.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.