SAFETYWORKS: 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.
SAFETYWORKS
Largest movements
- Receivables within one year +€33,525
up €33,525 (+39.7%), from €84,430 to €117,955
of which Trade receivables: +€27,150
- Cash -€9,865
down €9,865 (-79.2%), from €12,453 to €2,588
mainly Receivables within one year (-€33,525) and Contributions, distributions and other (-€30,330)
- Tangible fixed assets +€6,500
up €6,500 (+20.8%), from €31,187 to €37,686
of which Plant, machinery and equipment: +€3,823
- Stocks and contracts +€3,447
up €3,447 (+40.4%), from €8,537 to €11,984
- Other debts +€23,045
up €23,045 (+1,670%), from €1,380 to €24,425
- Reserves -€16,990
down €16,990 (-17.4%), from €97,850 to €80,860
of which Distributable reserves: -€16,990
- Debts after one year +€16,390
new in 2025: €16,390
- Short-term financial debts +€7,931
up €7,931 (+72.3%), from €10,968 to €18,899
- Current portion of long-term debt +€5,953
new in 2025: €5,953
- Gross operating margin -€37,528
down €37,528 (-49.9%), from €75,140 to €37,613
- Taxes -€15,389
down €15,389 (-74.3%), from €20,719 to €5,329
- Depreciation +€6,371
up €6,371 (+125%), from €5,108 to €11,479
- Financial charges +€1,413
up €1,413 (+37.8%), from €3,739 to €5,152
- Other operating charges +€1,271
up €1,271 (+129%), from €987 to €2,259
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 | €139,813 | €172,192 | +€32,378 | +23.2% |
| Fixed assets | 21/28 | €31,187 | €37,686 | +€6,500 | +20.8% |
| Tangible fixed assets | 22/27 | €31,187 | €37,686 | +€6,500 | +20.8% |
| Plant, machinery and equipment | 23 | €698 | €4,521 | +€3,823 | +548% |
| Furniture and vehicles | 24 | €30,489 | €33,165 | +€2,676 | +8.8% |
| Current assets | 29/58 | €108,627 | €134,506 | +€25,879 | +23.8% |
| Stocks and contracts in progress | 3 | €8,537 | €11,984 | +€3,447 | +40.4% |
| Stocks | 30/36 | €8,537 | €11,984 | +€3,447 | +40.4% |
| Amounts receivable within one year | 40/41 | €84,430 | €117,955 | +€33,525 | +39.7% |
| Trade receivables | 40 | €74,474 | €101,624 | +€27,150 | +36.5% |
| Other amounts receivable | 41 | €9,956 | €16,331 | +€6,375 | +64.0% |
| Cash at bank and in hand | 54/58 | €12,453 | €2,588 | -€9,865 | -79.2% |
| Deferred charges and accrued income | 490/1 | €3,207 | €1,979 | -€1,229 | -38.3% |
| Total equity and liabilities | 10/49 | €139,813 | €172,192 | +€32,378 | +23.2% |
| Equity | 10/15 | €104,516 | €87,583 | -€16,932 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,850 | €80,860 | -€16,990 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,990 | €79,000 | -€16,990 | -17.7% |
| Profit (loss) carried forward | 14 | €466 | €523 | +€58 | +12.4% |
| Amounts payable | 17/49 | €35,298 | €84,608 | +€49,311 | +140% |
| Amounts payable after more than one year | 17 | - | €16,390 | +€16,390 | |
| Financial debts | 170/4 | - | €16,390 | +€16,390 | |
| Amounts payable within one year | 42/48 | €35,164 | €68,132 | +€32,968 | +93.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,953 | +€5,953 | |
| Financial debts | 43 | €10,968 | €18,899 | +€7,931 | +72.3% |
| Credit institutions | 430/8 | €10,968 | €18,899 | +€7,931 | +72.3% |
| Trade debts | 44 | €16,851 | €12,892 | -€3,958 | -23.5% |
| Suppliers | 440/4 | €16,851 | €12,892 | -€3,958 | -23.5% |
| Taxes, remuneration and social security | 45 | €5,965 | €5,962 | -€3 | 0.0% |
| Taxes | 450/3 | €5,965 | €5,962 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €1,380 | €24,425 | +€23,045 | +1,670% |
| Accrued charges and deferred income | 492/3 | €133 | €86 | -€48 | -35.9% |
| Non-recurring operating income | 76A | €19,154 | - | -€19,154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,108 | €11,479 | +€6,371 | +125% |
| Other operating charges | 640/8 | €987 | €2,259 | +€1,271 | +129% |
| Gross operating margin | 9900 | €75,140 | €37,613 | -€37,528 | -49.9% |
| Operating profit (loss) | 9901 | €69,045 | €23,875 | -€45,170 | -65.4% |
| Financial income | 75/76B | €37 | €4 | -€34 | -89.8% |
| Recurring financial income | 75 | €37 | €4 | -€34 | -89.8% |
| Financial charges | 65/66B | €3,739 | €5,152 | +€1,413 | +37.8% |
| Recurring financial charges | 65 | €3,739 | €5,152 | +€1,413 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €65,344 | €18,727 | -€46,617 | -71.3% |
| Income taxes | 67/77 | €20,719 | €5,329 | -€15,389 | -74.3% |
| Profit (loss) for the period | 9904 | €44,625 | €13,398 | -€31,228 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,625 | €13,398 | -€31,228 | -70.0% |
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 26 October 2026 via checked.be.