SAFIBO: what changed
Two financial 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.
SAFIBO
Largest movements
- Tangible fixed assets -€52,145
down €52,145 (-3.0%), from €1.7m to €1.7m
of which Land and buildings: -€41,731
- Reserves +€116,027
up €116,027 (+20.9%), from €554,100 to €670,127
of which Distributable reserves: +€116,027
- Debts after one year -€110,185
down €110,185 (-33.6%), from €327,682 to €217,497
- Other debts -€82,864
down €82,864 (-56.7%), from €146,192 to €63,327
- Tax, wage and social debts +€55,069
up €55,069 (+150%), from €36,622 to €91,692
- Accrued charges and deferred income -€26,484
no longer reported in 2025 (was €26,484)
- Gross operating margin +€79,814
up €79,814 (+36.7%), from €217,772 to €297,586
- Taxes +€30,216
up €30,216 (+94.3%), from €32,059 to €62,275
- Financial charges -€23,386
down €23,386 (-57.8%), from €40,451 to €17,065
- Depreciation -€5,359
down €5,359 (-8.2%), from €64,965 to €59,607
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.
Derived cash bridge
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 | €1,724,494 | €1,671,212 | -€53,282 | -3.1% |
| Fixed assets | 21/28 | €1,711,112 | €1,658,967 | -€52,145 | -3.0% |
| Tangible fixed assets | 22/27 | €1,710,862 | €1,658,717 | -€52,145 | -3.0% |
| Land and buildings | 22 | €1,689,789 | €1,648,058 | -€41,731 | -2.5% |
| Plant, machinery and equipment | 23 | €20,686 | €10,659 | -€10,027 | -48.5% |
| Furniture and vehicles | 24 | €387 | €0 | -€387 | -100% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €13,382 | €12,245 | -€1,137 | -8.5% |
| Amounts receivable within one year | 40/41 | €9,594 | €11,008 | +€1,413 | +14.7% |
| Trade receivables | 40 | - | €1,413 | +€1,413 | |
| Other amounts receivable | 41 | €9,594 | €9,594 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,622 | €29 | -€3,594 | -99.2% |
| Deferred charges and accrued income | 490/1 | €165 | €1,209 | +€1,044 | +631% |
| Total equity and liabilities | 10/49 | €1,724,494 | €1,671,212 | -€53,282 | -3.1% |
| Equity | 10/15 | €1,030,350 | €1,146,377 | +€116,027 | +11.3% |
| Contributions | 10/11 | €476,250 | €476,250 | = | 0.0% |
| Reserves | 13 | €554,100 | €670,127 | +€116,027 | +20.9% |
| Non-distributable reserves | 130/1 | €123,945 | €123,945 | = | 0.0% |
| Reserves not available under the articles | 1311 | €123,945 | €123,945 | = | 0.0% |
| Distributable reserves | 133 | €430,155 | €546,182 | +€116,027 | +27.0% |
| Amounts payable | 17/49 | €694,144 | €524,835 | -€169,309 | -24.4% |
| Amounts payable after more than one year | 17 | €327,682 | €217,497 | -€110,185 | -33.6% |
| Financial debts | 170/4 | €327,682 | €217,497 | -€110,185 | -33.6% |
| Amounts payable within one year | 42/48 | €339,978 | €307,338 | -€32,640 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €116,622 | €109,329 | -€7,293 | -6.3% |
| Financial debts | 43 | - | €108 | +€108 | |
| Credit institutions | 430/8 | - | €108 | +€108 | |
| Trade debts | 44 | €40,543 | €42,882 | +€2,340 | +5.8% |
| Suppliers | 440/4 | €40,543 | €42,882 | +€2,340 | +5.8% |
| Taxes, remuneration and social security | 45 | €36,622 | €91,692 | +€55,069 | +150% |
| Taxes | 450/3 | €36,622 | €91,692 | +€55,069 | +150% |
| Other amounts payable | 47/48 | €146,192 | €63,327 | -€82,864 | -56.7% |
| Accrued charges and deferred income | 492/3 | €26,484 | - | -€26,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,965 | €59,607 | -€5,359 | -8.2% |
| Other operating charges | 640/8 | €43,189 | €42,696 | -€493 | -1.1% |
| Gross operating margin | 9900 | €217,772 | €297,586 | +€79,814 | +36.7% |
| Operating profit (loss) | 9901 | €109,617 | €195,283 | +€85,666 | +78.2% |
| Financial income | 75/76B | €470 | €84 | -€386 | -82.2% |
| Recurring financial income | 75 | €470 | €84 | -€386 | -82.2% |
| Financial charges | 65/66B | €40,451 | €17,065 | -€23,386 | -57.8% |
| Recurring financial charges | 65 | €40,451 | €17,065 | -€23,386 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €69,636 | €178,302 | +€108,667 | +156% |
| Income taxes | 67/77 | €32,059 | €62,275 | +€30,216 | +94.3% |
| Profit (loss) for the period | 9904 | €37,576 | €116,027 | +€78,451 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €37,576 | €116,027 | +€78,451 | +209% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.