SAFFER: 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.
SAFFER
Largest movements
- Receivables within one year +€71,700
up €71,700 (+14.5%), from €494,307 to €566,006
- Cash -€39,274
down €39,274 (-57.1%), from €68,832 to €29,558
mainly Receivables within one year (-€71,700) and Tax, wage and social debts (-€14,320)
- Reserves +€40,500
up €40,500 (+7.0%), from €578,900 to €619,400
of which Distributable reserves: +€40,500
- Tax, wage and social debts -€14,320
down €14,320 (-37.8%), from €37,930 to €23,610
- Gross operating margin +€9,791
up €9,791 (+18.8%), from €52,056 to €61,847
- Depreciation -€6,519
no longer reported in 2024 (was €6,519)
- Taxes +€4,735
up €4,735 (+29.4%), from €16,107 to €20,842
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,033 | €663,213 | +€26,180 | +4.1% |
| Fixed assets | 21/28 | €6,517 | - | -€6,517 | |
| Tangible fixed assets | 22/27 | €6,517 | - | -€6,517 | |
| Furniture and vehicles | 24 | €6,517 | - | -€6,517 | |
| Current assets | 29/58 | €630,516 | €663,213 | +€32,697 | +5.2% |
| Amounts receivable within one year | 40/41 | €494,307 | €566,006 | +€71,700 | +14.5% |
| Other amounts receivable | 41 | €494,307 | €566,006 | +€71,700 | +14.5% |
| Current investments | 50/53 | €67,378 | €67,649 | +€272 | +0.4% |
| Cash at bank and in hand | 54/58 | €68,832 | €29,558 | -€39,274 | -57.1% |
| Total equity and liabilities | 10/49 | €637,033 | €663,213 | +€26,180 | +4.1% |
| Equity | 10/15 | €599,103 | €639,603 | +€40,500 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €578,900 | €619,400 | +€40,500 | +7.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €576,900 | €617,400 | +€40,500 | +7.0% |
| Profit (loss) carried forward | 14 | €14,003 | €14,003 | = | 0.0% |
| Amounts payable | 17/49 | €37,930 | €23,610 | -€14,320 | -37.8% |
| Amounts payable within one year | 42/48 | €37,930 | €23,610 | -€14,320 | -37.8% |
| Taxes, remuneration and social security | 45 | €37,930 | €23,610 | -€14,320 | -37.8% |
| Taxes | 450/3 | €37,930 | €23,610 | -€14,320 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,519 | - | -€6,519 | |
| Other operating charges | 640/8 | €804 | €475 | -€329 | -40.9% |
| Gross operating margin | 9900 | €52,056 | €61,847 | +€9,791 | +18.8% |
| Operating profit (loss) | 9901 | €44,732 | €61,371 | +€16,639 | +37.2% |
| Financial income | 75/76B | €221 | €388 | +€167 | +75.4% |
| Recurring financial income | 75 | €221 | €388 | +€167 | +75.4% |
| Financial charges | 65/66B | €346 | €418 | +€72 | +20.7% |
| Recurring financial charges | 65 | €346 | €418 | +€72 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €44,607 | €61,342 | +€16,735 | +37.5% |
| Income taxes | 67/77 | €16,107 | €20,842 | +€4,735 | +29.4% |
| Profit (loss) for the period | 9904 | €28,500 | €40,500 | +€12,000 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,500 | €40,500 | +€12,000 | +42.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.