Saffraenberg: 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.
Saffraenberg
Largest movements
- Tangible fixed assets -€31,902
down €31,902 (-4.7%), from €680,366 to €648,464
of which Land and buildings: -€27,138
- Cash +€8,396
up €8,396 (+18.3%), from €45,832 to €54,228
mainly Depreciation (+€31,902) and Net result for the year (+€9,310)
- Debts after one year -€27,586
down €27,586 (-5.2%), from €534,654 to €507,068
- Reserves +€9,310
up €9,310 (+49.9%), from €18,646 to €27,956
- Gross operating margin -€11,672
down €11,672 (-14.2%), from €81,916 to €70,244
- Depreciation -€3,976
down €3,976 (-11.1%), from €35,878 to €31,902
- Financial charges -€2,118
down €2,118 (-8.9%), from €23,701 to €21,584
- Taxes -€2,084
down €2,084 (-32.1%), from €6,486 to €4,402
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 | €742,716 | €722,911 | -€19,805 | -2.7% |
| Fixed assets | 21/28 | €680,366 | €648,464 | -€31,902 | -4.7% |
| Tangible fixed assets | 22/27 | €680,366 | €648,464 | -€31,902 | -4.7% |
| Land and buildings | 22 | €633,097 | €605,959 | -€27,138 | -4.3% |
| Plant, machinery and equipment | 23 | €44,386 | €39,910 | -€4,476 | -10.1% |
| Furniture and vehicles | 24 | €2,883 | €2,595 | -€288 | -10.0% |
| Current assets | 29/58 | €62,350 | €74,446 | +€12,097 | +19.4% |
| Amounts receivable within one year | 40/41 | - | €3,098 | +€3,098 | |
| Other amounts receivable | 41 | - | €3,098 | +€3,098 | |
| Cash at bank and in hand | 54/58 | €45,832 | €54,228 | +€8,396 | +18.3% |
| Deferred charges and accrued income | 490/1 | €16,518 | €17,121 | +€604 | +3.7% |
| Total equity and liabilities | 10/49 | €742,716 | €722,911 | -€19,805 | -2.7% |
| Equity | 10/15 | €171,046 | €180,356 | +€9,310 | +5.4% |
| Contributions | 10/11 | €152,400 | €152,400 | = | 0.0% |
| Reserves | 13 | €18,646 | €27,956 | +€9,310 | +49.9% |
| Distributable reserves | 133 | €18,646 | €27,956 | +€9,310 | +49.9% |
| Amounts payable | 17/49 | €571,670 | €542,554 | -€29,115 | -5.1% |
| Amounts payable after more than one year | 17 | €534,654 | €507,068 | -€27,586 | -5.2% |
| Financial debts | 170/4 | €534,654 | €507,068 | -€27,586 | -5.2% |
| Amounts payable within one year | 42/48 | €37,016 | €29,970 | -€7,046 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €27,586 | €27,586 | = | 0.0% |
| Trade debts | 44 | €928 | €368 | -€560 | -60.4% |
| Suppliers | 440/4 | €928 | €368 | -€560 | -60.4% |
| Taxes, remuneration and social security | 45 | €6,486 | - | -€6,486 | |
| Taxes | 450/3 | €6,486 | - | -€6,486 | |
| Other amounts payable | 47/48 | €2,016 | €2,016 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,517 | +€5,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,878 | €31,902 | -€3,976 | -11.1% |
| Other operating charges | 640/8 | €2,882 | €3,046 | +€163 | +5.7% |
| Gross operating margin | 9900 | €81,916 | €70,244 | -€11,672 | -14.2% |
| Operating profit (loss) | 9901 | €43,155 | €35,296 | -€7,859 | -18.2% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €23,701 | €21,584 | -€2,118 | -8.9% |
| Recurring financial charges | 65 | €23,701 | €21,584 | -€2,118 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €19,462 | €13,713 | -€5,749 | -29.5% |
| Income taxes | 67/77 | €6,486 | €4,402 | -€2,084 | -32.1% |
| Profit (loss) for the period | 9904 | €12,976 | €9,310 | -€3,666 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,976 | €9,310 | -€3,666 | -28.3% |
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 30 September 2026 via checked.be.