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 +€36,625
up €36,625 (+31.7%), from €115,665 to €152,289
of which Furniture and vehicles: +€35,042
- Receivables within one year -€13,783
down €13,783 (-47.9%), from €28,745 to €14,962
of which Trade receivables: -€22,347
- Stocks and contracts +€8,371
up €8,371 (+70.9%), from €11,807 to €20,178
of which Contracts in progress: +€8,250
- Deferred charges and accrued income -€4,977
down €4,977 (-50.0%), from €9,953 to €4,977
- Debts after one year +€17,619
up €17,619 (+87.0%), from €20,252 to €37,871
- Other debts +€7,150
up €7,150 (+21.3%), from €33,625 to €40,775
- Trade debts +€4,523
up €4,523 (+22.8%), from €19,804 to €24,327
- Profit (loss) carried forward -€4,496
down €4,496 (-16.8%), from €26,749 to €22,253
- Current portion of long-term debt +€3,459
up €3,459 (+45.7%), from €7,577 to €11,037
- Gross operating margin -€3,417
down €3,417 (-16.7%), from €20,491 to €17,074
- Financial charges +€1,198
up €1,198 (+36.9%), from €3,248 to €4,447
- Taxes -€1,141
down €1,141 (-55.5%), from €2,055 to €914
- Depreciation +€1,050
up €1,050 (+9.0%), from €11,701 to €12,751
- Other operating charges +€956
up €956 (+31.6%), from €3,024 to €3,980
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 | €166,807 | €193,416 | +€26,609 | +16.0% |
| Fixed assets | 21/28 | €115,800 | €152,424 | +€36,625 | +31.6% |
| Tangible fixed assets | 22/27 | €115,665 | €152,289 | +€36,625 | +31.7% |
| Land and buildings | 22 | €102,670 | €106,714 | +€4,044 | +3.9% |
| Plant, machinery and equipment | 23 | €6,908 | €4,447 | -€2,461 | -35.6% |
| Furniture and vehicles | 24 | €6,087 | €41,128 | +€35,042 | +576% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €51,007 | €40,991 | -€10,015 | -19.6% |
| Stocks and contracts in progress | 3 | €11,807 | €20,178 | +€8,371 | +70.9% |
| Stocks | 30/36 | €4,856 | €4,977 | +€121 | +2.5% |
| Contracts in progress | 37 | €6,951 | €15,201 | +€8,250 | +119% |
| Amounts receivable within one year | 40/41 | €28,745 | €14,962 | -€13,783 | -47.9% |
| Trade receivables | 40 | €22,465 | €118 | -€22,347 | -99.5% |
| Other amounts receivable | 41 | €6,280 | €14,845 | +€8,565 | +136% |
| Cash at bank and in hand | 54/58 | €501 | €875 | +€373 | +74.4% |
| Deferred charges and accrued income | 490/1 | €9,953 | €4,977 | -€4,977 | -50.0% |
| Total equity and liabilities | 10/49 | €166,807 | €193,416 | +€26,609 | +16.0% |
| Equity | 10/15 | €62,701 | €58,205 | -€4,496 | -7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,952 | €15,952 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,600 | €8,600 | = | 0.0% |
| Distributable reserves | 133 | €7,352 | €7,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,749 | €22,253 | -€4,496 | -16.8% |
| Amounts payable | 17/49 | €104,106 | €135,211 | +€31,106 | +29.9% |
| Amounts payable after more than one year | 17 | €20,252 | €37,871 | +€17,619 | +87.0% |
| Financial debts | 170/4 | €20,252 | €37,871 | +€17,619 | +87.0% |
| Amounts payable within one year | 42/48 | €83,854 | €95,341 | +€11,487 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €7,577 | €11,037 | +€3,459 | +45.7% |
| Financial debts | 43 | €20,998 | €18,288 | -€2,710 | -12.9% |
| Credit institutions | 430/8 | €20,998 | €18,288 | -€2,710 | -12.9% |
| Trade debts | 44 | €19,804 | €24,327 | +€4,523 | +22.8% |
| Suppliers | 440/4 | €19,804 | €24,327 | +€4,523 | +22.8% |
| Taxes, remuneration and social security | 45 | €1,850 | €914 | -€935 | -50.6% |
| Taxes | 450/3 | €1,850 | €914 | -€935 | -50.6% |
| Other amounts payable | 47/48 | €33,625 | €40,775 | +€7,150 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | - | €267 | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,701 | €12,751 | +€1,050 | +9.0% |
| Other operating charges | 640/8 | €3,024 | €3,980 | +€956 | +31.6% |
| Gross operating margin | 9900 | €20,491 | €17,074 | -€3,417 | -16.7% |
| Operating profit (loss) | 9901 | €5,767 | €76 | -€5,691 | -98.7% |
| Financial income | 75/76B | €20 | €789 | +€768 | +3,776% |
| Recurring financial income | 75 | €20 | €789 | +€768 | +3,776% |
| Financial charges | 65/66B | €3,248 | €4,447 | +€1,198 | +36.9% |
| Recurring financial charges | 65 | €3,248 | €4,447 | +€1,198 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €2,539 | -€3,582 | -€6,121 | |
| Income taxes | 67/77 | €2,055 | €914 | -€1,141 | -55.5% |
| Profit (loss) for the period | 9904 | €484 | -€4,496 | -€4,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €484 | -€4,496 | -€4,980 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.