SAFITECH: what changed
Two fiscal 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.
SAFITECH
Largest movements
- Receivables within one year -€5,228
down €5,228 (-13.4%), from €39,016 to €33,788
of which Other amounts receivable: -€5,228
- Tangible fixed assets -€2,458
down €2,458 (-50.2%), from €4,897 to €2,439
of which Furniture and vehicles: -€2,370
- Cash +€2,217
up €2,217 (+378.3%), from €586 to €2,803
mainly Receivables within one year (+€5,228) and Net result for the year (+€3,149)
- Trade debts -€8,325
down €8,325 (-33.8%), from €24,617 to €16,291
- Reserves +€3,149
up €3,149 (+67.9%), from €4,638 to €7,787
of which Non-distributable reserves: +€1,860
- Current portion of long-term debt -€659
no longer reported in 2025 (was €659)
- Gross operating margin +€451
up €451 (+6.1%), from €7,440 to €7,891
- Taxes +€303
up €303 (+23.1%), from €1,314 to €1,617
- Depreciation -€169
down €169 (-6.4%), from €2,627 to €2,458
- Financial income +€117
up €117 (+149.7%), from €78 to €196
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 | €47,849 | €42,230 | -€5,619 | -11.7% |
| Fixed assets | 21/28 | €4,897 | €2,439 | -€2,458 | -50.2% |
| Tangible fixed assets | 22/27 | €4,897 | €2,439 | -€2,458 | -50.2% |
| Plant, machinery and equipment | 23 | €157 | €69 | -€88 | -56.0% |
| Furniture and vehicles | 24 | €4,740 | €2,370 | -€2,370 | -50.0% |
| Current assets | 29/58 | €42,952 | €39,791 | -€3,161 | -7.4% |
| Stocks and contracts in progress | 3 | €3,350 | €3,200 | -€150 | -4.5% |
| Stocks | 30/36 | €3,350 | €3,200 | -€150 | -4.5% |
| Amounts receivable within one year | 40/41 | €39,016 | €33,788 | -€5,228 | -13.4% |
| Trade receivables | 40 | €0 | - | -€0 | |
| Other amounts receivable | 41 | €39,016 | €33,788 | -€5,228 | -13.4% |
| Cash at bank and in hand | 54/58 | €586 | €2,803 | +€2,217 | +378.3% |
| Total equity and liabilities | 10/49 | €47,849 | €42,230 | -€5,619 | -11.7% |
| Equity | 10/15 | €21,154 | €24,303 | +€3,149 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,638 | €7,787 | +€3,149 | +67.9% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €4,638 | €5,927 | +€1,289 | +27.8% |
| Profit (loss) carried forward | 14 | €4,115 | €4,115 | = | 0.0% |
| Amounts payable | 17/49 | €26,696 | €17,928 | -€8,768 | -32.8% |
| Amounts payable within one year | 42/48 | €26,696 | €17,928 | -€8,768 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €659 | - | -€659 | |
| Trade debts | 44 | €24,617 | €16,291 | -€8,325 | -33.8% |
| Suppliers | 440/4 | €24,617 | €16,291 | -€8,325 | -33.8% |
| Taxes, remuneration and social security | 45 | €1,421 | €1,637 | +€216 | +15.2% |
| Taxes | 450/3 | €1,421 | €1,637 | +€216 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,627 | €2,458 | -€169 | -6.4% |
| Other operating charges | 640/8 | €582 | €597 | +€15 | +2.6% |
| Gross operating margin | 9900 | €7,440 | €7,891 | +€451 | +6.1% |
| Operating profit (loss) | 9901 | €4,231 | €4,836 | +€605 | +14.3% |
| Financial income | 75/76B | €78 | €196 | +€117 | +149.7% |
| Recurring financial income | 75 | €78 | €196 | +€117 | +149.7% |
| Financial charges | 65/66B | €218 | €266 | +€48 | +22.1% |
| Recurring financial charges | 65 | €218 | €266 | +€48 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €4,092 | €4,766 | +€674 | +16.5% |
| Income taxes | 67/77 | €1,314 | €1,617 | +€303 | +23.1% |
| Profit (loss) for the period | 9904 | €2,778 | €3,149 | +€371 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,778 | €3,149 | +€371 | +13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.