SAFINIMMO: 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.
SAFINIMMO
Largest movements
- Tangible fixed assets -€39,011
down €39,011 (-19.3%), from €201,642 to €162,631
of which Land and buildings: -€38,161
- Cash -€10,678
down €10,678 (-50.9%), from €20,974 to €10,297
mainly Debts after one year (-€38,185) and Trade debts (-€6,244)
- Debts after one year -€38,185
down €38,185 (-85.5%), from €44,680 to €6,495
- Trade debts -€6,244
down €6,244 (-52.3%), from €11,934 to €5,690
- Profit (loss) carried forward -€5,362
down €5,362 (-5.6%), from €96,045 to €90,683
- Gross operating margin +€12,792
up €12,792 (+53.5%), from €23,889 to €36,681
- Other operating charges -€4,303
down €4,303 (-61.8%), from €6,963 to €2,660
- Depreciation -€1,638
down €1,638 (-4.0%), from €40,649 to €39,011
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 | €227,891 | €177,174 | -€50,717 | -22.3% |
| Fixed assets | 21/28 | €201,642 | €162,631 | -€39,011 | -19.3% |
| Tangible fixed assets | 22/27 | €201,642 | €162,631 | -€39,011 | -19.3% |
| Land and buildings | 22 | €197,748 | €159,586 | -€38,161 | -19.3% |
| Other tangible fixed assets | 26 | €3,894 | €3,044 | -€850 | -21.8% |
| Current assets | 29/58 | €26,249 | €14,543 | -€11,706 | -44.6% |
| Amounts receivable within one year | 40/41 | €3,063 | €3,237 | +€174 | +5.7% |
| Trade receivables | 40 | €0 | €980 | +€980 | |
| Other amounts receivable | 41 | €3,063 | €2,257 | -€806 | -26.3% |
| Cash at bank and in hand | 54/58 | €20,974 | €10,297 | -€10,678 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,212 | €1,010 | -€1,202 | -54.4% |
| Total equity and liabilities | 10/49 | €227,891 | €177,174 | -€50,717 | -22.3% |
| Equity | 10/15 | €164,245 | €158,883 | -€5,362 | -3.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,045 | €90,683 | -€5,362 | -5.6% |
| Amounts payable | 17/49 | €63,646 | €18,291 | -€45,355 | -71.3% |
| Amounts payable after more than one year | 17 | €44,680 | €6,495 | -€38,185 | -85.5% |
| Other amounts payable | 178/9 | €44,680 | €6,495 | -€38,185 | -85.5% |
| Amounts payable within one year | 42/48 | €14,088 | €7,190 | -€6,897 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,500 | = | 0.0% |
| Trade debts | 44 | €11,934 | €5,690 | -€6,244 | -52.3% |
| Suppliers | 440/4 | €11,934 | €5,690 | -€6,244 | -52.3% |
| Taxes, remuneration and social security | 45 | €653 | €0 | -€653 | -100% |
| Taxes | 450/3 | €653 | €0 | -€653 | -100% |
| Accrued charges and deferred income | 492/3 | €4,878 | €4,605 | -€273 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,649 | €39,011 | -€1,638 | -4.0% |
| Other operating charges | 640/8 | €6,963 | €2,660 | -€4,303 | -61.8% |
| Gross operating margin | 9900 | €23,889 | €36,681 | +€12,792 | +53.5% |
| Operating profit (loss) | 9901 | -€23,723 | -€4,990 | +€18,733 | +79.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €367 | €372 | +€5 | +1.4% |
| Recurring financial charges | 65 | €367 | €372 | +€5 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,090 | -€5,362 | +€18,728 | +77.7% |
| Profit (loss) for the period | 9904 | -€24,090 | -€5,362 | +€18,728 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,090 | -€5,362 | +€18,728 | +77.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.