SAFETY SCIENCE: 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 SCIENCE
Largest movements
- Receivables within one year -€53,311
down €53,311 (-28.0%), from €190,413 to €137,103
of which Other amounts receivable: -€34,924
- Stocks and contracts +€30,762
up €30,762 (+25.8%), from €119,384 to €150,146
- Tangible fixed assets -€27,999
down €27,999 (-7.4%), from €380,838 to €352,838
of which Land and buildings: -€14,729
- Cash +€26,158
up €26,158 (+43.8%), from €59,655 to €85,814
mainly Net result for the year (+€124,259) and Receivables within one year (+€53,311)
- Reserves +€53,671
up €53,671 (+40.5%), from €132,533 to €186,203
- Trade debts -€36,332
down €36,332 (-38.5%), from €94,407 to €58,075
- Debts after one year -€30,995
down €30,995 (-10.3%), from €300,329 to €269,334
- Other debts -€26,049
down €26,049 (-35.4%), from €73,639 to €47,590
- Short-term financial debts +€17,481
up €17,481 (+31.7%), from €55,090 to €72,571
- Gross operating margin +€115,740
up €115,740 (+128%), from €90,091 to €205,832
- Taxes +€30,639
up €30,639 (+326%), from €9,411 to €40,050
- Other operating charges -€6,464
down €6,464 (-67.0%), from €9,654 to €3,190
- Financial charges -€2,882
down €2,882 (-21.8%), from €13,215 to €10,333
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 | €767,499 | €750,127 | -€17,372 | -2.3% |
| Fixed assets | 21/28 | €380,838 | €352,838 | -€27,999 | -7.4% |
| Tangible fixed assets | 22/27 | €380,838 | €352,838 | -€27,999 | -7.4% |
| Land and buildings | 22 | €221,201 | €206,472 | -€14,729 | -6.7% |
| Plant, machinery and equipment | 23 | €159,283 | €146,214 | -€13,069 | -8.2% |
| Furniture and vehicles | 24 | €354 | €152 | -€202 | -57.1% |
| Current assets | 29/58 | €386,661 | €397,289 | +€10,628 | +2.7% |
| Stocks and contracts in progress | 3 | €119,384 | €150,146 | +€30,762 | +25.8% |
| Stocks | 30/36 | €119,384 | €150,146 | +€30,762 | +25.8% |
| Amounts receivable within one year | 40/41 | €190,413 | €137,103 | -€53,311 | -28.0% |
| Trade receivables | 40 | €149,980 | €131,594 | -€18,386 | -12.3% |
| Other amounts receivable | 41 | €40,433 | €5,509 | -€34,924 | -86.4% |
| Cash at bank and in hand | 54/58 | €59,655 | €85,814 | +€26,158 | +43.8% |
| Deferred charges and accrued income | 490/1 | €17,209 | €24,227 | +€7,018 | +40.8% |
| Total equity and liabilities | 10/49 | €767,499 | €750,127 | -€17,372 | -2.3% |
| Equity | 10/15 | €151,133 | €204,803 | +€53,671 | +35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,533 | €186,203 | +€53,671 | +40.5% |
| Distributable reserves | 133 | €132,533 | €186,203 | +€53,671 | +40.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €616,366 | €545,324 | -€71,043 | -11.5% |
| Amounts payable after more than one year | 17 | €300,329 | €269,334 | -€30,995 | -10.3% |
| Financial debts | 170/4 | €300,329 | €269,334 | -€30,995 | -10.3% |
| Amounts payable within one year | 42/48 | €309,731 | €273,283 | -€36,448 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €30,652 | €30,995 | +€344 | +1.1% |
| Financial debts | 43 | €55,090 | €72,571 | +€17,481 | +31.7% |
| Credit institutions | 430/8 | €55,090 | €72,571 | +€17,481 | +31.7% |
| Trade debts | 44 | €94,407 | €58,075 | -€36,332 | -38.5% |
| Suppliers | 440/4 | €94,407 | €58,075 | -€36,332 | -38.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €55,944 | €64,051 | +€8,108 | +14.5% |
| Taxes | 450/3 | €55,944 | €58,659 | +€2,715 | +4.9% |
| Remuneration and social security | 454/9 | - | €5,393 | +€5,393 | |
| Other amounts payable | 47/48 | €73,639 | €47,590 | -€26,049 | -35.4% |
| Accrued charges and deferred income | 492/3 | €6,306 | €2,706 | -€3,599 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,000 | €27,999 | +€1,000 | +3.7% |
| Other operating charges | 640/8 | €9,654 | €3,190 | -€6,464 | -67.0% |
| Gross operating margin | 9900 | €90,091 | €205,832 | +€115,740 | +128% |
| Operating profit (loss) | 9901 | €53,438 | €174,642 | +€121,204 | +227% |
| Financial income | 75/76B | €123 | €1 | -€122 | -99.4% |
| Recurring financial income | 75 | €123 | €1 | -€122 | -99.4% |
| Financial charges | 65/66B | €13,215 | €10,333 | -€2,882 | -21.8% |
| Recurring financial charges | 65 | €13,215 | €10,333 | -€2,882 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €40,346 | €164,309 | +€123,964 | +307% |
| Income taxes | 67/77 | €9,411 | €40,050 | +€30,639 | +326% |
| Profit (loss) for the period | 9904 | €30,935 | €124,259 | +€93,324 | +302% |
| Profit (loss) for the period to be appropriated | 9905 | €30,935 | €124,259 | +€93,324 | +302% |
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 20 October 2026 via checked.be.