SAFIRO: 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.
SAFIRO
Largest movements
- Receivables within one year +€39,867
new in 2025: €39,867
of which Other amounts receivable: +€38,867
- Stocks and contracts -€19,024
no longer reported in 2025 (was €19,024)
- Tangible fixed assets -€9,757
down €9,757 (-73.8%), from €13,223 to €3,465
- Cash -€2,200
down €2,200 (-3.1%), from €71,678 to €69,478
mainly Receivables within one year (-€39,867) and Tax, wage and social debts (-€10,850)
- Deferred charges and accrued income +€1,349
new in 2025: €1,349
- Reserves +€13,629
up €13,629 (+47.2%), from €28,860 to €42,489
- Tax, wage and social debts -€10,850
down €10,850 (-79.8%), from €13,592 to €2,742
- Trade debts +€7,456
up €7,456 (+1909.9%), from €390 to €7,846
- Gross operating margin -€24,310
down €24,310 (-40.8%), from €59,603 to €35,293
- Taxes -€8,657
down €8,657 (-46.2%), from €18,756 to €10,099
- Financial income +€836
new in 2025: €836
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.
Cash bridge derived
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 | €103,924 | €114,159 | +€10,235 | +9.8% |
| Fixed assets | 21/28 | €13,223 | €3,465 | -€9,757 | -73.8% |
| Tangible fixed assets | 22/27 | €13,223 | €3,465 | -€9,757 | -73.8% |
| Furniture and vehicles | 24 | €13,223 | €3,465 | -€9,757 | -73.8% |
| Current assets | 29/58 | €90,701 | €110,694 | +€19,992 | +22.0% |
| Stocks and contracts in progress | 3 | €19,024 | - | -€19,024 | |
| Stocks | 30/36 | €19,024 | - | -€19,024 | |
| Amounts receivable within one year | 40/41 | - | €39,867 | +€39,867 | |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | - | €38,867 | +€38,867 | |
| Cash at bank and in hand | 54/58 | €71,678 | €69,478 | -€2,200 | -3.1% |
| Deferred charges and accrued income | 490/1 | - | €1,349 | +€1,349 | |
| Total equity and liabilities | 10/49 | €103,924 | €114,159 | +€10,235 | +9.8% |
| Equity | 10/15 | €89,942 | €103,571 | +€13,629 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,860 | €42,489 | +€13,629 | +47.2% |
| Distributable reserves | 133 | €28,860 | €42,489 | +€13,629 | +47.2% |
| Profit (loss) carried forward | 14 | €42,482 | €42,482 | = | 0.0% |
| Amounts payable | 17/49 | €13,982 | €10,588 | -€3,394 | -24.3% |
| Amounts payable within one year | 42/48 | €13,982 | €10,588 | -€3,394 | -24.3% |
| Trade debts | 44 | €390 | €7,846 | +€7,456 | +1909.9% |
| Suppliers | 440/4 | €390 | €7,846 | +€7,456 | +1909.9% |
| Taxes, remuneration and social security | 45 | €13,592 | €2,742 | -€10,850 | -79.8% |
| Taxes | 450/3 | €13,592 | €2,742 | -€10,850 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,250 | €11,341 | +€91 | +0.8% |
| Other operating charges | 640/8 | €899 | €928 | +€29 | +3.2% |
| Gross operating margin | 9900 | €59,603 | €35,293 | -€24,310 | -40.8% |
| Operating profit (loss) | 9901 | €47,454 | €23,023 | -€24,431 | -51.5% |
| Financial income | 75/76B | - | €836 | +€836 | |
| Recurring financial income | 75 | - | €836 | +€836 | |
| Financial charges | 65/66B | €149 | €131 | -€18 | -11.8% |
| Recurring financial charges | 65 | €149 | €131 | -€18 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €47,305 | €23,728 | -€23,578 | -49.8% |
| Income taxes | 67/77 | €18,756 | €10,099 | -€8,657 | -46.2% |
| Profit (loss) for the period | 9904 | €28,549 | €13,629 | -€14,920 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,549 | €13,629 | -€14,920 | -52.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.