SAFIR BOUW: what changed
SAFIR BOUW
Largest movements
- Stocks and contracts -€2.1m
no longer reported in 2025 (was €2.1m)
- Cash +€24,516
up €24,516 (+739%), from €3,316 to €27,831
mainly Stocks and contracts (+€2.1m) and Net result for the year (+€200,204)
- Debts after one year -€2.2m
down €2.2m (-92.4%), from €2.4m to €179,744
- Profit (loss) carried forward +€200,204
up €200,204 (+53.5%), from -€374,302 to -€174,098
- Other debts -€72,850
down €72,850 (-98.8%), from €73,700 to €850
- Gross operating margin +€490,967
up €490,967, from -€365,015 to €125,952
- Write-downs -€75,000
new in 2025: -€75,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,084,071 | €29,310 | -€2.1m | -98.6% |
| Current assets | 29/58 | €2,084,071 | €29,310 | -€2.1m | -98.6% |
| Stocks and contracts in progress | 3 | €2,079,449 | - | -€2.1m | |
| Stocks | 30/36 | €2,079,449 | - | -€2.1m | |
| Amounts receivable within one year | 40/41 | €1,306 | €1,478 | +€172 | +13.2% |
| Other amounts receivable | 41 | €1,306 | €1,478 | +€172 | +13.2% |
| Cash at bank and in hand | 54/58 | €3,316 | €27,831 | +€24,516 | +739% |
| Total equity and liabilities | 10/49 | €2,084,071 | €29,310 | -€2.1m | -98.6% |
| Equity | 10/15 | -€354,302 | -€154,098 | +€200,204 | +56.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€374,302 | -€174,098 | +€200,204 | +53.5% |
| Amounts payable | 17/49 | €2,438,373 | €183,407 | -€2.3m | -92.5% |
| Amounts payable after more than one year | 17 | €2,354,506 | €179,744 | -€2.2m | -92.4% |
| Financial debts | 170/4 | €2,354,506 | €179,744 | -€2.2m | -92.4% |
| Amounts payable within one year | 42/48 | €83,866 | €3,663 | -€80,203 | -95.6% |
| Trade debts | 44 | €4,956 | €2,813 | -€2,143 | -43.2% |
| Suppliers | 440/4 | €4,956 | €2,813 | -€2,143 | -43.2% |
| Taxes, remuneration and social security | 45 | €5,210 | - | -€5,210 | |
| Taxes | 450/3 | €5,210 | - | -€5,210 | |
| Other amounts payable | 47/48 | €73,700 | €850 | -€72,850 | -98.8% |
| Non-recurring operating income | 76A | - | €260,132 | +€260,132 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€75,000 | -€75,000 | |
| Other operating charges | 640/8 | - | €1,053 | +€1,053 | |
| Gross operating margin | 9900 | -€365,015 | €125,952 | +€490,967 | |
| Operating profit (loss) | 9901 | -€365,015 | €199,899 | +€564,914 | |
| Financial income | 75/76B | €2,774 | €455 | -€2,319 | -83.6% |
| Recurring financial income | 75 | €2,774 | €455 | -€2,319 | -83.6% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€362,376 | €200,204 | +€562,580 | |
| Profit (loss) for the period | 9904 | -€362,376 | €200,204 | +€562,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€362,376 | €200,204 | +€562,580 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.