SAFINA: 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.
SAFINA
Largest movements
- Receivables within one year +€236,629
up €236,629 (+244%), from €96,895 to €333,524
of which Other amounts receivable: +€159,463
- Cash +€29,478
up €29,478 (+412%), from €7,153 to €36,631
mainly Trade debts (+€168,011) and Net result for the year (+€73,462)
- Trade debts +€168,011
new in 2024: €168,011
- Other debts +€65,000
new in 2024: €65,000
- Tax, wage and social debts +€19,749
up €19,749 (+65.1%), from €30,327 to €50,076
of which Remuneration and social security: +€28,628
- Profit (loss) carried forward +€8,462
up €8,462 (+9.1%), from €93,384 to €101,846
- Gross operating margin +€102,804
up €102,804 (+55.7%), from €184,474 to €287,278
- Taxes +€39,616
up €39,616 (+398%), from €9,947 to €49,563
- Financial income +€6,646
up €6,646 (+197%), from €3,366 to €10,012
- Staff costs +€3,814
up €3,814 (+2.8%), from €137,924 to €141,738
- Other operating charges +€3,807
up €3,807 (+133%), from €2,866 to €6,673
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,162 | €405,384 | +€261,221 | +181% |
| Fixed assets | 21/28 | €32,261 | €28,641 | -€3,620 | -11.2% |
| Tangible fixed assets | 22/27 | €27,661 | €24,041 | -€3,620 | -13.1% |
| Plant, machinery and equipment | 23 | €26,865 | €20,648 | -€6,217 | -23.1% |
| Furniture and vehicles | 24 | €797 | - | -€797 | |
| Other tangible fixed assets | 26 | - | €3,393 | +€3,393 | |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €111,901 | €376,742 | +€264,842 | +237% |
| Stocks and contracts in progress | 3 | €7,853 | €6,587 | -€1,266 | -16.1% |
| Stocks | 30/36 | €7,853 | €6,587 | -€1,266 | -16.1% |
| Amounts receivable within one year | 40/41 | €96,895 | €333,524 | +€236,629 | +244% |
| Trade receivables | 40 | €21,332 | €98,498 | +€77,166 | +362% |
| Other amounts receivable | 41 | €75,563 | €235,026 | +€159,463 | +211% |
| Cash at bank and in hand | 54/58 | €7,153 | €36,631 | +€29,478 | +412% |
| Total equity and liabilities | 10/49 | €144,162 | €405,384 | +€261,221 | +181% |
| Equity | 10/15 | €113,836 | €122,297 | +€8,462 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Share premium | 1100/10 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,384 | €101,846 | +€8,462 | +9.1% |
| Amounts payable | 17/49 | €30,327 | €283,086 | +€252,760 | +833% |
| Amounts payable within one year | 42/48 | €30,327 | €283,086 | +€252,760 | +833% |
| Trade debts | 44 | - | €168,011 | +€168,011 | |
| Suppliers | 440/4 | - | €168,011 | +€168,011 | |
| Taxes, remuneration and social security | 45 | €30,327 | €50,076 | +€19,749 | +65.1% |
| Taxes | 450/3 | €30,327 | €21,448 | -€8,879 | -29.3% |
| Remuneration and social security | 454/9 | - | €28,628 | +€28,628 | |
| Other amounts payable | 47/48 | - | €65,000 | +€65,000 | |
| Remuneration, social security and pensions | 62 | €137,924 | €141,738 | +€3,814 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,984 | €7,273 | +€289 | +4.1% |
| Other operating charges | 640/8 | €2,866 | €6,673 | +€3,807 | +133% |
| Non-recurring operating charges | 66A | - | €17,382 | +€17,382 | |
| Gross operating margin | 9900 | €184,474 | €287,278 | +€102,804 | +55.7% |
| Operating profit (loss) | 9901 | €36,700 | €114,212 | +€77,512 | +211% |
| Financial income | 75/76B | €3,366 | €10,012 | +€6,646 | +197% |
| Recurring financial income | 75 | €3,366 | €10,012 | +€6,646 | +197% |
| Financial charges | 65/66B | €1,066 | €1,199 | +€133 | +12.5% |
| Recurring financial charges | 65 | €1,066 | €1,199 | +€133 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €39,000 | €123,025 | +€84,025 | +215% |
| Income taxes | 67/77 | €9,947 | €49,563 | +€39,616 | +398% |
| Profit (loss) for the period | 9904 | €29,053 | €73,462 | +€44,409 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €29,053 | €73,462 | +€44,409 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.