SAFI TRANS: 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 TRANS
Largest movements
- Receivables within one year -€130,471
down €130,471 (-64.0%), from €203,857 to €73,386
of which Trade receivables: -€120,171
- Tangible fixed assets -€43,096
down €43,096 (-25.8%), from €167,249 to €124,153
- Cash -€9,047
down €9,047 (-33.4%), from €27,090 to €18,043
- Tax, wage and social debts -€329,728
down €329,728 (-96.9%), from €340,118 to €10,390
of which Taxes: -€197,022
- Profit (loss) carried forward +€322,927
up €322,927 (+88.6%), from -€364,444 to -€41,517
- Other debts +€195,652
up €195,652 (+735.0%), from €26,620 to €222,272
- Debts after one year -€173,551
no longer reported in 2025 (was €173,551)
- Trade debts -€99,032
down €99,032 (-72.3%), from €136,894 to €37,862
- Staff costs -€171,981
down €171,981 (-40.8%), from €421,139 to €249,158
- Depreciation -€76,279
down €76,279 (-65.9%), from €115,680 to €39,401
- Gross operating margin +€3,572
up €3,572 (+1.6%), from €224,094 to €227,666
- Other operating charges -€2,352
down €2,352 (-65.9%), from €3,571 to €1,219
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,221 | €247,607 | -€182,614 | -42.4% |
| Fixed assets | 21/28 | €199,274 | €156,178 | -€43,096 | -21.6% |
| Tangible fixed assets | 22/27 | €167,249 | €124,153 | -€43,096 | -25.8% |
| Furniture and vehicles | 24 | €167,249 | €124,153 | -€43,096 | -25.8% |
| Financial fixed assets | 28 | €32,025 | €32,025 | = | 0.0% |
| Current assets | 29/58 | €230,947 | €91,429 | -€139,518 | -60.4% |
| Amounts receivable within one year | 40/41 | €203,857 | €73,386 | -€130,471 | -64.0% |
| Trade receivables | 40 | €193,557 | €73,386 | -€120,171 | -62.1% |
| Other amounts receivable | 41 | €10,300 | - | -€10,300 | |
| Cash at bank and in hand | 54/58 | €27,090 | €18,043 | -€9,047 | -33.4% |
| Total equity and liabilities | 10/49 | €430,221 | €247,607 | -€182,614 | -42.4% |
| Equity | 10/15 | -€345,844 | -€22,917 | +€322,927 | +93.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€364,444 | -€41,517 | +€322,927 | +88.6% |
| Amounts payable | 17/49 | €776,065 | €270,524 | -€505,541 | -65.1% |
| Amounts payable after more than one year | 17 | €173,551 | - | -€173,551 | |
| Financial debts | 170/4 | €173,551 | - | -€173,551 | |
| Amounts payable within one year | 42/48 | €602,514 | €270,524 | -€331,990 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €98,882 | - | -€98,882 | |
| Trade debts | 44 | €136,894 | €37,862 | -€99,032 | -72.3% |
| Suppliers | 440/4 | €136,894 | €37,862 | -€99,032 | -72.3% |
| Taxes, remuneration and social security | 45 | €340,118 | €10,390 | -€329,728 | -96.9% |
| Taxes | 450/3 | €207,412 | €10,390 | -€197,022 | -95.0% |
| Remuneration and social security | 454/9 | €132,706 | - | -€132,706 | |
| Other amounts payable | 47/48 | €26,620 | €222,272 | +€195,652 | +735.0% |
| Remuneration, social security and pensions | 62 | €421,139 | €249,158 | -€171,981 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,680 | €39,401 | -€76,279 | -65.9% |
| Other operating charges | 640/8 | €3,571 | €1,219 | -€2,352 | -65.9% |
| Gross operating margin | 9900 | €224,094 | €227,666 | +€3,572 | +1.6% |
| Operating profit (loss) | 9901 | -€316,296 | -€62,112 | +€254,184 | +80.4% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €110 | €99 | -€11 | -10.0% |
| Recurring financial charges | 65 | €110 | €99 | -€11 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€316,399 | -€62,211 | +€254,188 | +80.3% |
| Income taxes | 67/77 | €7,347 | €6,000 | -€1,347 | -18.3% |
| Profit (loss) for the period | 9904 | -€323,746 | -€68,211 | +€255,535 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€323,746 | -€68,211 | +€255,535 | +78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.