Safety & Technical Assistance: 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 & Technical Assistance
Largest movements
- Cash +€30,651
up €30,651 (+484%), from €6,328 to €36,979
mainly Receivables within one year (+€14,320) and Depreciation (+€9,817)
- Receivables within one year -€14,320
down €14,320 (-23.1%), from €61,964 to €47,644
of which Other amounts receivable: -€12,043
- Tangible fixed assets -€6,496
down €6,496 (-16.5%), from €39,420 to €32,924
of which Land and buildings: -€4,094
- Deferred charges and accrued income -€3,091
down €3,091 (-39.9%), from €7,738 to €4,647
- Intangible fixed assets -€2,296
down €2,296 (-100%), from €2,296 to €0
- Other debts +€5,905
up €5,905, from €0 to €5,905
- Debts after one year -€3,611
down €3,611 (-17.5%), from €20,666 to €17,055
- Reserves +€3,034
up €3,034 (+4.4%), from €69,607 to €72,641
of which Distributable reserves: +€4,894
- Tax, wage and social debts -€1,432
down €1,432 (-15.7%), from €9,095 to €7,663
- Financial charges -€38,548
down €38,548 (-97.1%), from €39,699 to €1,151
of which Financial charges: -€37,048
- Gross operating margin -€26,331
down €26,331 (-51.9%), from €50,705 to €24,374
- Taxes +€4,564
up €4,564 (+836%), from €546 to €5,110
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 | €118,918 | €123,366 | +€4,448 | +3.7% |
| Fixed assets | 21/28 | €42,888 | €34,096 | -€8,792 | -20.5% |
| Intangible fixed assets | 21 | €2,296 | €0 | -€2,296 | -100% |
| Tangible fixed assets | 22/27 | €39,420 | €32,924 | -€6,496 | -16.5% |
| Land and buildings | 22 | €29,707 | €25,613 | -€4,094 | -13.8% |
| Plant, machinery and equipment | 23 | €6,634 | €4,422 | -€2,211 | -33.3% |
| Furniture and vehicles | 24 | €3,079 | €1,892 | -€1,187 | -38.5% |
| Other tangible fixed assets | 26 | - | €996 | +€996 | |
| Financial fixed assets | 28 | €1,172 | €1,172 | = | 0.0% |
| Current assets | 29/58 | €76,030 | €89,270 | +€13,240 | +17.4% |
| Amounts receivable within one year | 40/41 | €61,964 | €47,644 | -€14,320 | -23.1% |
| Trade receivables | 40 | €16,519 | €14,241 | -€2,277 | -13.8% |
| Other amounts receivable | 41 | €45,445 | €33,403 | -€12,043 | -26.5% |
| Cash at bank and in hand | 54/58 | €6,328 | €36,979 | +€30,651 | +484% |
| Deferred charges and accrued income | 490/1 | €7,738 | €4,647 | -€3,091 | -39.9% |
| Total equity and liabilities | 10/49 | €118,918 | €123,366 | +€4,448 | +3.7% |
| Equity | 10/15 | €84,207 | €87,241 | +€3,034 | +3.6% |
| Contributions | 10/11 | €14,600 | €14,600 | = | 0.0% |
| Reserves | 13 | €69,607 | €72,641 | +€3,034 | +4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €67,747 | €72,641 | +€4,894 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,711 | €36,124 | +€1,414 | +4.1% |
| Amounts payable after more than one year | 17 | €20,666 | €17,055 | -€3,611 | -17.5% |
| Financial debts | 170/4 | €20,666 | €17,055 | -€3,611 | -17.5% |
| Amounts payable within one year | 42/48 | €14,045 | €19,070 | +€5,025 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €3,549 | €3,611 | +€63 | +1.8% |
| Trade debts | 44 | €1,401 | €1,497 | +€96 | +6.8% |
| Suppliers | 440/4 | €1,401 | €1,497 | +€96 | +6.8% |
| Advances received on contracts in progress | 46 | €0 | €394 | +€394 | |
| Taxes, remuneration and social security | 45 | €9,095 | €7,663 | -€1,432 | -15.7% |
| Taxes | 450/3 | €9,095 | €7,663 | -€1,432 | -15.7% |
| Other amounts payable | 47/48 | €0 | €5,905 | +€5,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,962 | €9,817 | -€145 | -1.5% |
| Other operating charges | 640/8 | €1,521 | €1,379 | -€141 | -9.3% |
| Gross operating margin | 9900 | €50,705 | €24,374 | -€26,331 | -51.9% |
| Operating profit (loss) | 9901 | €39,222 | €13,177 | -€26,045 | -66.4% |
| Financial income | 75/76B | €2,146 | €2,023 | -€123 | -5.7% |
| Recurring financial income | 75 | €2,146 | €2,023 | -€123 | -5.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €39,699 | €1,151 | -€38,548 | -97.1% |
| Recurring financial charges | 65 | €38,199 | €1,151 | -€37,048 | -97.0% |
| Non-recurring financial charges | 66B | €1,500 | €0 | -€1,500 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,669 | €14,049 | +€12,380 | +742% |
| Income taxes | 67/77 | €546 | €5,110 | +€4,564 | +836% |
| Profit (loss) for the period | 9904 | €1,123 | €8,939 | +€7,816 | +696% |
| Profit (loss) for the period to be appropriated | 9905 | €1,123 | €8,939 | +€7,816 | +696% |
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 29 October 2026 via checked.be.