SAFETY ROAD: 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 ROAD
Largest movements
- Receivables within one year +€77,828
up €77,828 (+69.3%), from €112,330 to €190,158
of which Other amounts receivable: +€42,368
- Tangible fixed assets +€24,669
up €24,669 (+17.3%), from €142,256 to €166,925
of which Leasing and similar rights: +€17,367
- Cash -€4,724
down €4,724 (-37.0%), from €12,783 to €8,059
mainly Investment in fixed assets (net) (-€87,954) and Receivables within one year (-€77,828)
- Profit (loss) carried forward +€62,049
up €62,049 (+103%), from €60,292 to €122,341
- Other debts +€46,822
up €46,822 (+143%), from €32,753 to €79,575
- Trade debts -€27,395
down €27,395 (-48.7%), from €56,296 to €28,901
- Tax, wage and social debts +€18,758
up €18,758 (+111%), from €16,884 to €35,642
of which Remuneration and social security: +€10,819
- Debts after one year -€8,988
down €8,988 (-12.5%), from €71,649 to €62,660
- Gross operating margin +€121,234
up €121,234 (+84.3%), from €143,763 to €264,997
- Staff costs +€77,256
up €77,256 (+251%), from €30,812 to €108,068
- Depreciation +€36,107
up €36,107 (+127%), from €28,378 to €64,485
- Financial charges +€5,337
up €5,337 (+182%), from €2,931 to €8,268
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
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 | €277,825 | €373,056 | +€95,231 | +34.3% |
| Fixed assets | 21/28 | €145,106 | €168,575 | +€23,469 | +16.2% |
| Tangible fixed assets | 22/27 | €142,256 | €166,925 | +€24,669 | +17.3% |
| Plant, machinery and equipment | 23 | €11,089 | €9,154 | -€1,935 | -17.4% |
| Furniture and vehicles | 24 | €129,716 | €138,456 | +€8,740 | +6.7% |
| Leasing and similar rights | 25 | - | €17,367 | +€17,367 | |
| Other tangible fixed assets | 26 | €1,451 | €1,948 | +€497 | +34.3% |
| Financial fixed assets | 28 | €2,850 | €1,650 | -€1,200 | -42.1% |
| Current assets | 29/58 | €132,719 | €204,480 | +€71,762 | +54.1% |
| Amounts receivable within one year | 40/41 | €112,330 | €190,158 | +€77,828 | +69.3% |
| Trade receivables | 40 | €112,318 | €147,778 | +€35,460 | +31.6% |
| Other amounts receivable | 41 | €12 | €42,380 | +€42,368 | +358,447% |
| Cash at bank and in hand | 54/58 | €12,783 | €8,059 | -€4,724 | -37.0% |
| Deferred charges and accrued income | 490/1 | €7,606 | €6,263 | -€1,343 | -17.7% |
| Total equity and liabilities | 10/49 | €277,825 | €373,056 | +€95,231 | +34.3% |
| Equity | 10/15 | €65,292 | €127,341 | +€62,049 | +95.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,292 | €122,341 | +€62,049 | +103% |
| Amounts payable | 17/49 | €212,533 | €245,715 | +€33,181 | +15.6% |
| Amounts payable after more than one year | 17 | €71,649 | €62,660 | -€8,988 | -12.5% |
| Financial debts | 170/4 | €71,649 | €62,660 | -€8,988 | -12.5% |
| Amounts payable within one year | 42/48 | €140,885 | €183,054 | +€42,170 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €21,179 | €25,159 | +€3,980 | +18.8% |
| Financial debts | 43 | €13,772 | €13,777 | +€4 | 0.0% |
| Credit institutions | 430/8 | €13,772 | €13,777 | +€4 | 0.0% |
| Trade debts | 44 | €56,296 | €28,901 | -€27,395 | -48.7% |
| Suppliers | 440/4 | €56,296 | €28,901 | -€27,395 | -48.7% |
| Taxes, remuneration and social security | 45 | €16,884 | €35,642 | +€18,758 | +111% |
| Taxes | 450/3 | €15,544 | €23,484 | +€7,940 | +51.1% |
| Remuneration and social security | 454/9 | €1,340 | €12,158 | +€10,819 | +808% |
| Other amounts payable | 47/48 | €32,753 | €79,575 | +€46,822 | +143% |
| Remuneration, social security and pensions | 62 | €30,812 | €108,068 | +€77,256 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,378 | €64,485 | +€36,107 | +127% |
| Other operating charges | 640/8 | €4,155 | €4,945 | +€790 | +19.0% |
| Gross operating margin | 9900 | €143,763 | €264,997 | +€121,234 | +84.3% |
| Operating profit (loss) | 9901 | €80,418 | €87,500 | +€7,082 | +8.8% |
| Financial income | 75/76B | €55 | €250 | +€195 | +355% |
| Recurring financial income | 75 | €55 | €250 | +€195 | +355% |
| Financial charges | 65/66B | €2,931 | €8,268 | +€5,337 | +182% |
| Recurring financial charges | 65 | €2,931 | €8,268 | +€5,337 | +182% |
| Profit (loss) for the period before taxes | 9903 | €77,542 | €79,482 | +€1,940 | +2.5% |
| Income taxes | 67/77 | €17,250 | €17,433 | +€183 | +1.1% |
| Profit (loss) for the period | 9904 | €60,292 | €62,049 | +€1,757 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,292 | €62,049 | +€1,757 | +2.9% |
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 22 October 2026 via checked.be.