SAFETY REFLEX: 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 REFLEX
Largest movements
- Tangible fixed assets +€52,492
up €52,492 (+127.8%), from €41,062 to €93,554
of which Leasing and similar rights: +€53,575
- Cash +€21,147
up €21,147 (+48.1%), from €43,970 to €65,117
mainly Debts after one year (+€42,918) and Net result for the year (+€19,992)
- Receivables within one year -€10,435
down €10,435 (-67.8%), from €15,400 to €4,965
of which Trade receivables: -€12,181
- Financial fixed assets +€1,850
new in 2025: €1,850
- Debts after one year +€42,918
up €42,918 (+284.8%), from €15,071 to €57,989
- Reserves +€19,992
up €19,992 (+31.9%), from €62,764 to €82,756
of which Distributable reserves: +€19,992
- Current portion of long-term debt +€8,897
up €8,897 (+163.5%), from €5,440 to €14,337
- Other debts -€8,811
down €8,811 (-52.3%), from €16,859 to €8,049
- Tax, wage and social debts +€2,282
up €2,282 (+40.8%), from €5,592 to €7,874
- Gross operating margin +€3,001
up €3,001 (+7.4%), from €40,474 to €43,475
- Taxes +€2,652
up €2,652 (+13891.4%), from €19 to €2,671
- Depreciation -€2,427
down €2,427 (-16.8%), from €14,420 to €11,993
- Financial charges -€926
down €926 (-28.8%), from €3,213 to €2,287
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 | €116,854 | €181,854 | +€65,001 | +55.6% |
| Fixed assets | 21/28 | €41,062 | €95,404 | +€54,342 | +132.3% |
| Tangible fixed assets | 22/27 | €41,062 | €93,554 | +€52,492 | +127.8% |
| Plant, machinery and equipment | 23 | €3,164 | €3,339 | +€175 | +5.5% |
| Furniture and vehicles | 24 | €17,836 | €16,578 | -€1,259 | -7.1% |
| Leasing and similar rights | 25 | €20,062 | €73,638 | +€53,575 | +267.0% |
| Financial fixed assets | 28 | - | €1,850 | +€1,850 | |
| Current assets | 29/58 | €75,791 | €86,450 | +€10,659 | +14.1% |
| Stocks and contracts in progress | 3 | €5,120 | €5,120 | = | 0.0% |
| Stocks | 30/36 | €5,120 | €5,120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,400 | €4,965 | -€10,435 | -67.8% |
| Trade receivables | 40 | €15,366 | €3,185 | -€12,181 | -79.3% |
| Other amounts receivable | 41 | €34 | €1,780 | +€1,745 | +5079.2% |
| Cash at bank and in hand | 54/58 | €43,970 | €65,117 | +€21,147 | +48.1% |
| Deferred charges and accrued income | 490/1 | €11,301 | €11,248 | -€53 | -0.5% |
| Total equity and liabilities | 10/49 | €116,854 | €181,854 | +€65,001 | +55.6% |
| Equity | 10/15 | €68,964 | €88,956 | +€19,992 | +29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,764 | €82,756 | +€19,992 | +31.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,904 | €80,896 | +€19,992 | +32.8% |
| Amounts payable | 17/49 | €47,890 | €92,898 | +€45,009 | +94.0% |
| Amounts payable after more than one year | 17 | €15,071 | €57,989 | +€42,918 | +284.8% |
| Financial debts | 170/4 | €15,071 | €57,989 | +€42,918 | +284.8% |
| Amounts payable within one year | 42/48 | €32,818 | €34,909 | +€2,091 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €5,440 | €14,337 | +€8,897 | +163.5% |
| Trade debts | 44 | €4,927 | €4,649 | -€278 | -5.6% |
| Suppliers | 440/4 | €4,927 | €4,649 | -€278 | -5.6% |
| Taxes, remuneration and social security | 45 | €5,592 | €7,874 | +€2,282 | +40.8% |
| Taxes | 450/3 | €5,592 | €7,874 | +€2,282 | +40.8% |
| Other amounts payable | 47/48 | €16,859 | €8,049 | -€8,811 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,420 | €11,993 | -€2,427 | -16.8% |
| Other operating charges | 640/8 | €2,555 | €2,578 | +€24 | +0.9% |
| Non-recurring operating charges | 66A | €33,086 | €4,062 | -€29,023 | -87.7% |
| Gross operating margin | 9900 | €40,474 | €43,475 | +€3,001 | +7.4% |
| Operating profit (loss) | 9901 | -€9,586 | €24,842 | +€34,427 | |
| Financial income | 75/76B | €115 | €108 | -€6 | -5.5% |
| Recurring financial income | 75 | €115 | €108 | -€6 | -5.5% |
| Financial charges | 65/66B | €3,213 | €2,287 | -€926 | -28.8% |
| Recurring financial charges | 65 | €3,213 | €2,287 | -€926 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,684 | €22,663 | +€35,347 | |
| Income taxes | 67/77 | €19 | €2,671 | +€2,652 | +13891.4% |
| Profit (loss) for the period | 9904 | -€12,703 | €19,992 | +€32,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,703 | €19,992 | +€32,695 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.