SAFI STAR: 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.
SAFI STAR
Largest movements
- Stocks and contracts +€15,752
up €15,752 (+1575.2%), from €1,000 to €16,752
- Tangible fixed assets +€8,935
new in 2025: €8,935
- Receivables within one year -€4,297
down €4,297 (-19.8%), from €21,708 to €17,411
of which Trade receivables: -€4,297
- Cash +€1,526
up €1,526 (+50.0%), from €3,053 to €4,579
mainly Trade debts (+€13,053) and Tax, wage and social debts (+€4,780)
- Trade debts +€13,053
up €13,053 (+18384.5%), from €71 to €13,124
- Tax, wage and social debts +€4,780
up €4,780 (+68.4%), from €6,991 to €11,771
of which Remuneration and social security: +€2,595
- Profit (loss) carried forward +€4,083
up €4,083 (+29.8%), from €13,699 to €17,782
- Purchases and services +€62,294
up €62,294 (+14.6%), from €427,571 to €489,865
- Turnover +€55,279
up €55,279 (+12.3%), from €450,186 to €505,465
- Gross operating margin -€10,980
down €10,980 (-41.3%), from €26,580 to €15,600
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 | €25,761 | €47,677 | +€21,916 | +85.1% |
| Fixed assets | 21/28 | - | €8,935 | +€8,935 | |
| Tangible fixed assets | 22/27 | - | €8,935 | +€8,935 | |
| Furniture and vehicles | 24 | - | €8,935 | +€8,935 | |
| Current assets | 29/58 | €25,761 | €38,742 | +€12,981 | +50.4% |
| Stocks and contracts in progress | 3 | €1,000 | €16,752 | +€15,752 | +1575.2% |
| Stocks | 30/36 | €1,000 | €16,752 | +€15,752 | +1575.2% |
| Amounts receivable within one year | 40/41 | €21,708 | €17,411 | -€4,297 | -19.8% |
| Trade receivables | 40 | €4,528 | €231 | -€4,297 | -94.9% |
| Other amounts receivable | 41 | €17,180 | €17,180 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,053 | €4,579 | +€1,526 | +50.0% |
| Total equity and liabilities | 10/49 | €25,761 | €47,677 | +€21,916 | +85.1% |
| Equity | 10/15 | €18,699 | €22,782 | +€4,083 | +21.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €13,699 | €17,782 | +€4,083 | +29.8% |
| Amounts payable | 17/49 | €7,062 | €24,895 | +€17,833 | +252.5% |
| Amounts payable within one year | 42/48 | €7,062 | €24,895 | +€17,833 | +252.5% |
| Trade debts | 44 | €71 | €13,124 | +€13,053 | +18384.5% |
| Suppliers | 440/4 | €71 | €13,124 | +€13,053 | +18384.5% |
| Taxes, remuneration and social security | 45 | €6,991 | €11,771 | +€4,780 | +68.4% |
| Taxes | 450/3 | €6,558 | €8,743 | +€2,185 | +33.3% |
| Remuneration and social security | 454/9 | €433 | €3,028 | +€2,595 | +599.3% |
| Turnover | 70 | €450,186 | €505,465 | +€55,279 | +12.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €427,571 | €489,865 | +€62,294 | +14.6% |
| Remuneration, social security and pensions | 62 | €3,739 | €7,264 | +€3,525 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,065 | +€1,065 | |
| Other operating charges | 640/8 | €4,559 | €3,930 | -€629 | -13.8% |
| Gross operating margin | 9900 | €26,580 | €15,600 | -€10,980 | -41.3% |
| Operating profit (loss) | 9901 | €18,282 | €3,341 | -€14,941 | -81.7% |
| Financial charges | 65/66B | €23 | -€2,103 | -€2,126 | |
| Recurring financial charges | 65 | €23 | -€2,103 | -€2,126 | |
| Profit (loss) for the period before taxes | 9903 | €18,259 | €5,444 | -€12,815 | -70.2% |
| Income taxes | 67/77 | €4,560 | €1,361 | -€3,199 | -70.2% |
| Profit (loss) for the period | 9904 | €13,699 | €4,083 | -€9,616 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,699 | €4,083 | -€9,616 | -70.2% |
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 7 October 2026 via checked.be.