SAFFRAN: 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.
SAFFRAN
Largest movements
- Receivables within one year +€30,969
up €30,969 (+265.7%), from €11,656 to €42,625
- Cash -€20,181
down €20,181 (-84.2%), from €23,966 to €3,786
mainly Receivables within one year (-€30,969) and Debts after one year (-€8,685)
- Tangible fixed assets -€7,696
down €7,696 (-20.7%), from €37,214 to €29,519
of which Plant, machinery and equipment: -€6,098
- Intangible fixed assets -€1,500
down €1,500 (-25.0%), from €6,000 to €4,500
- Trade debts +€13,333
up €13,333 (+116.2%), from €11,478 to €24,811
- Debts after one year -€8,685
no longer reported in 2025 (was €8,685)
- Profit (loss) carried forward -€2,740
new in 2025: -€2,740
- Current portion of long-term debt +€1,319
up €1,319 (+17.7%), from €7,436 to €8,755
- Accrued charges and deferred income -€1,200
no longer reported in 2025 (was €1,200)
- Gross operating margin -€10,170
down €10,170 (-44.1%), from €23,048 to €12,878
- Other operating charges +€3,002
up €3,002 (+149.9%), from €2,003 to €5,005
- Staff costs -€1,232
no longer reported in 2025 (was €1,232)
- Financial charges +€787
up €787 (+91.4%), from €861 to €1,648
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 | €87,299 | €89,042 | +€1,742 | +2.0% |
| Fixed assets | 21/28 | €43,214 | €34,019 | -€9,196 | -21.3% |
| Intangible fixed assets | 21 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Tangible fixed assets | 22/27 | €37,214 | €29,519 | -€7,696 | -20.7% |
| Land and buildings | 22 | €3,317 | €3,121 | -€196 | -5.9% |
| Plant, machinery and equipment | 23 | €28,813 | €22,715 | -€6,098 | -21.2% |
| Furniture and vehicles | 24 | €1,553 | €953 | -€600 | -38.6% |
| Other tangible fixed assets | 26 | €3,531 | €2,730 | -€802 | -22.7% |
| Current assets | 29/58 | €44,085 | €55,023 | +€10,938 | +24.8% |
| Stocks and contracts in progress | 3 | €8,462 | €8,612 | +€150 | +1.8% |
| Stocks | 30/36 | €8,462 | €8,612 | +€150 | +1.8% |
| Amounts receivable within one year | 40/41 | €11,656 | €42,625 | +€30,969 | +265.7% |
| Other amounts receivable | 41 | €11,656 | €42,625 | +€30,969 | +265.7% |
| Cash at bank and in hand | 54/58 | €23,966 | €3,786 | -€20,181 | -84.2% |
| Total equity and liabilities | 10/49 | €87,299 | €89,042 | +€1,742 | +2.0% |
| Equity | 10/15 | €57,794 | €55,055 | -€2,740 | -4.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €12,794 | €12,794 | = | 0.0% |
| Distributable reserves | 133 | €12,794 | €12,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,740 | -€2,740 | |
| Amounts payable | 17/49 | €29,505 | €33,987 | +€4,482 | +15.2% |
| Amounts payable after more than one year | 17 | €8,685 | - | -€8,685 | |
| Financial debts | 170/4 | €8,685 | - | -€8,685 | |
| Amounts payable within one year | 42/48 | €19,619 | €33,987 | +€14,367 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €7,436 | €8,755 | +€1,319 | +17.7% |
| Trade debts | 44 | €11,478 | €24,811 | +€13,333 | +116.2% |
| Suppliers | 440/4 | €11,478 | €24,811 | +€13,333 | +116.2% |
| Taxes, remuneration and social security | 45 | - | €421 | +€421 | |
| Taxes | 450/3 | - | €421 | +€421 | |
| Other amounts payable | 47/48 | €705 | - | -€705 | |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | €1,232 | - | -€1,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,335 | €9,196 | -€139 | -1.5% |
| Other operating charges | 640/8 | €2,003 | €5,005 | +€3,002 | +149.9% |
| Gross operating margin | 9900 | €23,048 | €12,878 | -€10,170 | -44.1% |
| Operating profit (loss) | 9901 | €10,479 | -€1,322 | -€11,801 | |
| Financial income | 75/76B | €10 | €231 | +€221 | +2205.9% |
| Recurring financial income | 75 | €10 | €231 | +€221 | +2205.9% |
| Financial charges | 65/66B | €861 | €1,648 | +€787 | +91.4% |
| Recurring financial charges | 65 | €861 | €1,648 | +€787 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €9,628 | -€2,740 | -€12,367 | |
| Profit (loss) for the period | 9904 | €9,628 | -€2,740 | -€12,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,628 | -€2,740 | -€12,367 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.