SAFICO: 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.
SAFICO
Largest movements
- Tangible fixed assets +€27,439
up €27,439 (+3,733%), from €735 to €28,174
of which Furniture and vehicles: +€27,772
- Current investments -€19,719
down €19,719 (-51.5%), from €38,256 to €18,537
- Cash +€5,681
up €5,681 (+105%), from €5,417 to €11,098
mainly Current investments (+€19,719) and Net result for the year (+€8,468)
- Reserves +€8,400
up €8,400 (+15.2%), from €55,100 to €63,500
- Other debts +€6,487
up €6,487 (+19.8%), from €32,841 to €39,328
- Depreciation +€3,146
up €3,146 (+1,157%), from €272 to €3,418
- Gross operating margin +€2,647
up €2,647 (+16.6%), from €15,958 to €18,605
- Taxes -€2,470
down €2,470 (-38.3%), from €6,451 to €3,981
- Financial charges +€576
up €576 (+38.8%), from €1,484 to €2,060
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 | €109,739 | €123,745 | +€14,006 | +12.8% |
| Fixed assets | 21/28 | €61,785 | €89,224 | +€27,439 | +44.4% |
| Tangible fixed assets | 22/27 | €735 | €28,174 | +€27,439 | +3,733% |
| Plant, machinery and equipment | 23 | €735 | €402 | -€333 | -45.3% |
| Furniture and vehicles | 24 | - | €27,772 | +€27,772 | |
| Financial fixed assets | 28 | €61,050 | €61,050 | = | 0.0% |
| Current assets | 29/58 | €47,954 | €34,521 | -€13,433 | -28.0% |
| Amounts receivable within one year | 40/41 | €4,092 | €4,570 | +€478 | +11.7% |
| Trade receivables | 40 | €3,500 | €3,500 | = | 0.0% |
| Other amounts receivable | 41 | €592 | €1,070 | +€478 | +80.7% |
| Current investments | 50/53 | €38,256 | €18,537 | -€19,719 | -51.5% |
| Cash at bank and in hand | 54/58 | €5,417 | €11,098 | +€5,681 | +105% |
| Deferred charges and accrued income | 490/1 | €189 | €316 | +€127 | +67.2% |
| Total equity and liabilities | 10/49 | €109,739 | €123,745 | +€14,006 | +12.8% |
| Equity | 10/15 | €74,040 | €82,508 | +€8,468 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,100 | €63,500 | +€8,400 | +15.2% |
| Distributable reserves | 133 | €55,100 | €63,500 | +€8,400 | +15.2% |
| Profit (loss) carried forward | 14 | €340 | €408 | +€68 | +20.0% |
| Amounts payable | 17/49 | €35,699 | €41,237 | +€5,538 | +15.5% |
| Amounts payable within one year | 42/48 | €35,411 | €40,944 | +€5,533 | +15.6% |
| Trade debts | 44 | €1,109 | €91 | -€1,018 | -91.8% |
| Suppliers | 440/4 | €1,109 | €91 | -€1,018 | -91.8% |
| Taxes, remuneration and social security | 45 | €1,461 | €1,525 | +€64 | +4.4% |
| Taxes | 450/3 | €711 | €775 | +€64 | +9.0% |
| Remuneration and social security | 454/9 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €32,841 | €39,328 | +€6,487 | +19.8% |
| Accrued charges and deferred income | 492/3 | €288 | €293 | +€5 | +1.7% |
| Non-recurring operating income | 76A | - | €3,167 | +€3,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €3,418 | +€3,146 | +1,157% |
| Other operating charges | 640/8 | €850 | €773 | -€77 | -9.1% |
| Gross operating margin | 9900 | €15,958 | €18,605 | +€2,647 | +16.6% |
| Operating profit (loss) | 9901 | €14,836 | €14,414 | -€422 | -2.8% |
| Financial income | 75/76B | €264 | €95 | -€169 | -64.0% |
| Recurring financial income | 75 | €264 | €95 | -€169 | -64.0% |
| Financial charges | 65/66B | €1,484 | €2,060 | +€576 | +38.8% |
| Recurring financial charges | 65 | €1,484 | €2,060 | +€576 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €13,616 | €12,449 | -€1,167 | -8.6% |
| Income taxes | 67/77 | €6,451 | €3,981 | -€2,470 | -38.3% |
| Profit (loss) for the period | 9904 | €7,165 | €8,468 | +€1,303 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,165 | €8,468 | +€1,303 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.