SAFFIER EXPRESS: what changed
Two fiscal 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.
SAFFIER EXPRESS
Largest movements
- Receivables within one year +€15,125
up €15,125 (+269.5%), from €5,612 to €20,737
of which Other amounts receivable: +€20,737
- Tangible fixed assets -€4,740
down €4,740 (-22.1%), from €21,426 to €16,686
- Cash +€536
up €536 (+1776.0%), from €30 to €566
mainly Net result for the year (+€20,344) and Other debts (+€8,476)
- Profit (loss) carried forward +€20,344
up €20,344 (+703.7%), from €2,891 to €23,235
- Trade debts -€17,187
down €17,187 (-98.9%), from €17,379 to €192
- Other debts +€8,476
new in 2025: €8,476
- Tax, wage and social debts -€712
down €712 (-12.3%), from €5,798 to €5,086
- Gross operating margin +€26,512
up €26,512 (+437.0%), from €6,067 to €32,578
- Taxes +€4,394
up €4,394 (+608.0%), from €723 to €5,117
- Depreciation +€2,466
up €2,466 (+108.5%), from €2,274 to €4,740
- Financial charges +€1,385
up €1,385 (+771.8%), from €179 to €1,564
- Other operating charges +€814
new in 2025: €814
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.
Cash bridge derived
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 | €27,068 | €37,989 | +€10,921 | +40.3% |
| Fixed assets | 21/28 | €21,426 | €16,686 | -€4,740 | -22.1% |
| Tangible fixed assets | 22/27 | €21,426 | €16,686 | -€4,740 | -22.1% |
| Plant, machinery and equipment | 23 | €21,426 | €16,686 | -€4,740 | -22.1% |
| Current assets | 29/58 | €5,642 | €21,303 | +€15,661 | +277.6% |
| Amounts receivable within one year | 40/41 | €5,612 | €20,737 | +€15,125 | +269.5% |
| Trade receivables | 40 | €5,612 | €0 | -€5,612 | -100.0% |
| Other amounts receivable | 41 | - | €20,737 | +€20,737 | |
| Cash at bank and in hand | 54/58 | €30 | €566 | +€536 | +1776.0% |
| Total equity and liabilities | 10/49 | €27,068 | €37,989 | +€10,921 | +40.3% |
| Equity | 10/15 | €3,891 | €24,235 | +€20,344 | +522.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,891 | €23,235 | +€20,344 | +703.7% |
| Amounts payable | 17/49 | €23,177 | €13,754 | -€9,423 | -40.7% |
| Amounts payable within one year | 42/48 | €23,177 | €13,754 | -€9,423 | -40.7% |
| Trade debts | 44 | €17,379 | €192 | -€17,187 | -98.9% |
| Suppliers | 440/4 | €17,379 | €192 | -€17,187 | -98.9% |
| Taxes, remuneration and social security | 45 | €5,798 | €5,086 | -€712 | -12.3% |
| Taxes | 450/3 | €5,798 | €5,086 | -€712 | -12.3% |
| Other amounts payable | 47/48 | - | €8,476 | +€8,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,274 | €4,740 | +€2,466 | +108.5% |
| Other operating charges | 640/8 | - | €814 | +€814 | |
| Gross operating margin | 9900 | €6,067 | €32,578 | +€26,512 | +437.0% |
| Operating profit (loss) | 9901 | €3,793 | €27,025 | +€23,232 | +612.5% |
| Financial charges | 65/66B | €179 | €1,564 | +€1,385 | +771.8% |
| Recurring financial charges | 65 | €179 | €1,564 | +€1,385 | +771.8% |
| Profit (loss) for the period before taxes | 9903 | €3,614 | €25,460 | +€21,847 | +604.6% |
| Income taxes | 67/77 | €723 | €5,117 | +€4,394 | +608.0% |
| Profit (loss) for the period | 9904 | €2,891 | €20,344 | +€17,453 | +603.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,891 | €20,344 | +€17,453 | +603.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.