SAFETYCOR: 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.
SAFETYCOR
Largest movements
- Cash +€44,298
up €44,298 (+289%), from €15,314 to €59,612
mainly Net result for the year (+€59,764) and Receivables within one year (+€39,058)
- Receivables within one year -€39,058
down €39,058 (-15.1%), from €258,347 to €219,289
of which Trade receivables: -€35,827
- Stocks and contracts -€5,110
down €5,110 (-29.1%), from €17,555 to €12,445
- Tangible fixed assets +€3,941
up €3,941 (+7.3%), from €53,711 to €57,652
of which Plant, machinery and equipment: +€4,292
- Reserves +€33,899
up €33,899 (+31.5%), from €107,757 to €141,657
of which Distributable reserves: +€33,899
- Trade debts -€31,691
down €31,691 (-20.9%), from €151,756 to €120,065
- Debts after one year -€13,111
down €13,111 (-65.8%), from €19,922 to €6,811
- Tax, wage and social debts +€8,617
up €8,617 (+64.6%), from €13,341 to €21,958
of which Taxes: +€8,495
- Current portion of long-term debt +€5,709
up €5,709 (+13.2%), from €43,254 to €48,964
- Turnover +€451,172
up €451,172 (+38.1%), from €1.2m to €1.6m
- Purchases and services +€439,648
up €439,648 (+46.6%), from €943,256 to €1.4m
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 | €350,372 | €353,794 | +€3,423 | +1.0% |
| Fixed assets | 21/28 | €56,782 | €62,448 | +€5,666 | +10.0% |
| Tangible fixed assets | 22/27 | €53,711 | €57,652 | +€3,941 | +7.3% |
| Plant, machinery and equipment | 23 | €7,715 | €12,007 | +€4,292 | +55.6% |
| Furniture and vehicles | 24 | €45,996 | €45,645 | -€351 | -0.8% |
| Financial fixed assets | 28 | €3,071 | €4,796 | +€1,725 | +56.2% |
| Current assets | 29/58 | €293,590 | €291,346 | -€2,243 | -0.8% |
| Stocks and contracts in progress | 3 | €17,555 | €12,445 | -€5,110 | -29.1% |
| Stocks | 30/36 | €17,555 | €12,445 | -€5,110 | -29.1% |
| Amounts receivable within one year | 40/41 | €258,347 | €219,289 | -€39,058 | -15.1% |
| Trade receivables | 40 | €233,268 | €197,441 | -€35,827 | -15.4% |
| Other amounts receivable | 41 | €25,079 | €21,848 | -€3,231 | -12.9% |
| Cash at bank and in hand | 54/58 | €15,314 | €59,612 | +€44,298 | +289% |
| Deferred charges and accrued income | 490/1 | €2,374 | - | -€2,374 | |
| Total equity and liabilities | 10/49 | €350,372 | €353,794 | +€3,423 | +1.0% |
| Equity | 10/15 | €122,098 | €155,997 | +€33,899 | +27.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €107,757 | €141,657 | +€33,899 | +31.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €105,902 | €139,802 | +€33,899 | +32.0% |
| Profit (loss) carried forward | 14 | €1,940 | €1,940 | = | 0.0% |
| Amounts payable | 17/49 | €228,274 | €197,798 | -€30,476 | -13.4% |
| Amounts payable after more than one year | 17 | €19,922 | €6,811 | -€13,111 | -65.8% |
| Financial debts | 170/4 | €19,922 | €6,811 | -€13,111 | -65.8% |
| Amounts payable within one year | 42/48 | €208,352 | €190,987 | -€17,365 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €43,254 | €48,964 | +€5,709 | +13.2% |
| Trade debts | 44 | €151,756 | €120,065 | -€31,691 | -20.9% |
| Suppliers | 440/4 | €151,756 | €120,065 | -€31,691 | -20.9% |
| Taxes, remuneration and social security | 45 | €13,341 | €21,958 | +€8,617 | +64.6% |
| Taxes | 450/3 | €10,307 | €18,802 | +€8,495 | +82.4% |
| Remuneration and social security | 454/9 | €3,034 | €3,156 | +€122 | +4.0% |
| Turnover | 70 | €1,184,854 | €1,636,026 | +€451,172 | +38.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €943,256 | €1,382,905 | +€439,648 | +46.6% |
| Remuneration, social security and pensions | 62 | €144,901 | €144,012 | -€890 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,426 | €17,728 | +€302 | +1.7% |
| Other operating charges | 640/8 | €6,437 | €6,555 | +€118 | +1.8% |
| Gross operating margin | 9900 | €252,491 | €256,016 | +€3,525 | +1.4% |
| Operating profit (loss) | 9901 | €83,727 | €87,721 | +€3,994 | +4.8% |
| Financial income | 75/76B | €12,956 | €1,737 | -€11,219 | -86.6% |
| Recurring financial income | 75 | €4,397 | €1,737 | -€2,660 | -60.5% |
| Non-recurring financial income | 76B | €8,559 | - | -€8,559 | |
| Financial charges | 65/66B | €12,350 | €5,676 | -€6,674 | -54.0% |
| Recurring financial charges | 65 | €12,350 | €5,676 | -€6,674 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €84,333 | €83,782 | -€551 | -0.7% |
| Income taxes | 67/77 | €24,341 | €24,018 | -€323 | -1.3% |
| Profit (loss) for the period | 9904 | €59,991 | €59,764 | -€228 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,991 | €59,764 | -€228 | -0.4% |
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 19 October 2026 via checked.be.