SAFETYBOUW: 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.
SAFETYBOUW
Largest movements
- Receivables within one year -€42,717
down €42,717 (-72.9%), from €58,634 to €15,917
of which Trade receivables: -€38,592
- Tangible fixed assets -€29,414
down €29,414 (-33.6%), from €87,670 to €58,255
of which Furniture and vehicles: -€22,817
- Stocks and contracts +€24,111
up €24,111 (+79.6%), from €30,286 to €54,397
of which Contracts in progress: +€17,544
- Cash +€23,009
up €23,009 (+56.0%), from €41,107 to €64,116
mainly Receivables within one year (+€42,717) and Depreciation (+€30,803)
- Deferred charges and accrued income +€3,508
up €3,508 (+43.2%), from €8,116 to €11,623
- Reserves -€11,301
down €11,301 (-17.0%), from €66,380 to €55,079
- Trade debts +€9,852
up €9,852 (+33.6%), from €29,332 to €39,184
- Tax, wage and social debts -€7,002
down €7,002 (-42.8%), from €16,358 to €9,356
- Current portion of long-term debt -€6,815
down €6,815 (-33.5%), from €20,341 to €13,525
- Debts after one year -€6,383
down €6,383 (-34.0%), from €18,786 to €12,403
- Gross operating margin -€21,497
down €21,497 (-11.4%), from €188,261 to €166,765
- Depreciation -€12,040
down €12,040 (-28.1%), from €42,843 to €30,803
- Staff costs +€6,797
up €6,797 (+5.1%), from €133,693 to €140,490
- Taxes -€3,123
down €3,123 (-83.1%), from €3,760 to €637
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 | €227,083 | €205,444 | -€21,639 | -9.5% |
| Fixed assets | 21/28 | €88,920 | €59,375 | -€29,544 | -33.2% |
| Tangible fixed assets | 22/27 | €87,670 | €58,255 | -€29,414 | -33.6% |
| Plant, machinery and equipment | 23 | €15,006 | €18,122 | +€3,117 | +20.8% |
| Furniture and vehicles | 24 | €61,939 | €39,122 | -€22,817 | -36.8% |
| Leasing and similar rights | 25 | €10,725 | €1,011 | -€9,714 | -90.6% |
| Financial fixed assets | 28 | €1,250 | €1,120 | -€130 | -10.4% |
| Current assets | 29/58 | €138,163 | €146,069 | +€7,905 | +5.7% |
| Stocks and contracts in progress | 3 | €30,286 | €54,397 | +€24,111 | +79.6% |
| Stocks | 30/36 | €15,094 | €21,661 | +€6,567 | +43.5% |
| Contracts in progress | 37 | €15,192 | €32,736 | +€17,544 | +115% |
| Amounts receivable within one year | 40/41 | €58,634 | €15,917 | -€42,717 | -72.9% |
| Trade receivables | 40 | €52,065 | €13,473 | -€38,592 | -74.1% |
| Other amounts receivable | 41 | €6,569 | €2,444 | -€4,125 | -62.8% |
| Current investments | 50/53 | €20 | €15 | -€6 | -27.5% |
| Cash at bank and in hand | 54/58 | €41,107 | €64,116 | +€23,009 | +56.0% |
| Deferred charges and accrued income | 490/1 | €8,116 | €11,623 | +€3,508 | +43.2% |
| Total equity and liabilities | 10/49 | €227,083 | €205,444 | -€21,639 | -9.5% |
| Equity | 10/15 | €135,790 | €124,489 | -€11,301 | -8.3% |
| Contributions | 10/11 | €69,410 | €69,410 | = | 0.0% |
| Reserves | 13 | €66,380 | €55,079 | -€11,301 | -17.0% |
| Distributable reserves | 133 | €66,380 | €55,079 | -€11,301 | -17.0% |
| Amounts payable | 17/49 | €91,293 | €80,955 | -€10,338 | -11.3% |
| Amounts payable after more than one year | 17 | €18,786 | €12,403 | -€6,383 | -34.0% |
| Financial debts | 170/4 | €18,786 | €12,403 | -€6,383 | -34.0% |
| Amounts payable within one year | 42/48 | €69,687 | €65,952 | -€3,734 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €20,341 | €13,525 | -€6,815 | -33.5% |
| Financial debts | 43 | - | €510 | +€510 | |
| Credit institutions | 430/8 | - | €510 | +€510 | |
| Trade debts | 44 | €29,332 | €39,184 | +€9,852 | +33.6% |
| Suppliers | 440/4 | €29,332 | €39,184 | +€9,852 | +33.6% |
| Taxes, remuneration and social security | 45 | €16,358 | €9,356 | -€7,002 | -42.8% |
| Taxes | 450/3 | €16,358 | €9,356 | -€7,002 | -42.8% |
| Other amounts payable | 47/48 | €3,656 | €3,377 | -€279 | -7.6% |
| Accrued charges and deferred income | 492/3 | €2,820 | €2,600 | -€220 | -7.8% |
| Non-recurring operating income | 76A | - | €3,968 | +€3,968 | |
| Remuneration, social security and pensions | 62 | €133,693 | €140,490 | +€6,797 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,843 | €30,803 | -€12,040 | -28.1% |
| Other operating charges | 640/8 | €3,025 | €3,270 | +€245 | +8.1% |
| Gross operating margin | 9900 | €188,261 | €166,765 | -€21,497 | -11.4% |
| Operating profit (loss) | 9901 | €8,701 | -€7,798 | -€16,499 | |
| Financial income | 75/76B | €263 | €88 | -€174 | -66.3% |
| Recurring financial income | 75 | €263 | €88 | -€174 | -66.3% |
| Financial charges | 65/66B | €3,025 | €2,956 | -€70 | -2.3% |
| Recurring financial charges | 65 | €3,009 | €2,956 | -€53 | -1.8% |
| Non-recurring financial charges | 66B | €17 | - | -€17 | |
| Profit (loss) for the period before taxes | 9903 | €5,938 | -€10,665 | -€16,603 | |
| Income taxes | 67/77 | €3,760 | €637 | -€3,123 | -83.1% |
| Profit (loss) for the period | 9904 | €2,179 | -€11,301 | -€13,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,179 | -€11,301 | -€13,480 |
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 27 October 2026 via checked.be.