SAFITOP: 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.
SAFITOP
Largest movements
- Stocks and contracts -€217,304
no longer reported in 2024 (was €217,304)
- Receivables within one year +€11,177
up €11,177 (+363%), from €3,080 to €14,256
- Debts after one year -€143,629
no longer reported in 2024 (was €143,629)
- Other debts -€71,112
down €71,112 (-98.1%), from €72,513 to €1,401
- Profit (loss) carried forward +€19,814
no longer reported in 2024 (was -€19,814)
- Short-term financial debts -€10,367
no longer reported in 2024 (was €10,367)
- Trade debts -€7,193
down €7,193 (-94.4%), from €7,616 to €423
- Gross operating margin +€51,043
up €51,043, from -€8,990 to €42,053
- Taxes +€3,561
new in 2024: €3,561
- Financial charges +€3,211
up €3,211 (+37.7%), from €8,521 to €11,731
- Depreciation -€431
down €431 (-78.3%), from €550 to €119
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 | €220,510 | €18,176 | -€202,334 | -91.8% |
| Fixed assets | 21/28 | €127 | €1,807 | +€1,680 | +1,327% |
| Tangible fixed assets | 22/27 | €127 | €1,807 | +€1,680 | +1,327% |
| Plant, machinery and equipment | 23 | €127 | €1,807 | +€1,680 | +1,327% |
| Current assets | 29/58 | €220,384 | €16,369 | -€204,014 | -92.6% |
| Stocks and contracts in progress | 3 | €217,304 | - | -€217,304 | |
| Stocks | 30/36 | €217,304 | - | -€217,304 | |
| Amounts receivable within one year | 40/41 | €3,080 | €14,256 | +€11,177 | +363% |
| Other amounts receivable | 41 | €3,080 | €14,256 | +€11,177 | +363% |
| Cash at bank and in hand | 54/58 | - | €2,113 | +€2,113 | |
| Total equity and liabilities | 10/49 | €220,510 | €18,176 | -€202,334 | -91.8% |
| Equity | 10/15 | -€13,614 | €12,792 | +€26,406 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €6,592 | +€6,592 | |
| Distributable reserves | 133 | - | €6,592 | +€6,592 | |
| Profit (loss) carried forward | 14 | -€19,814 | - | +€19,814 | |
| Amounts payable | 17/49 | €234,125 | €5,385 | -€228,740 | -97.7% |
| Amounts payable after more than one year | 17 | €143,629 | - | -€143,629 | |
| Financial debts | 170/4 | €143,629 | - | -€143,629 | |
| Amounts payable within one year | 42/48 | €90,496 | €5,385 | -€85,112 | -94.0% |
| Financial debts | 43 | €10,367 | - | -€10,367 | |
| Credit institutions | 430/8 | €10,367 | - | -€10,367 | |
| Trade debts | 44 | €7,616 | €423 | -€7,193 | -94.4% |
| Suppliers | 440/4 | €7,616 | €423 | -€7,193 | -94.4% |
| Taxes, remuneration and social security | 45 | - | €3,561 | +€3,561 | |
| Taxes | 450/3 | - | €3,561 | +€3,561 | |
| Other amounts payable | 47/48 | €72,513 | €1,401 | -€71,112 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €119 | -€431 | -78.3% |
| Other operating charges | 640/8 | - | €248 | +€248 | |
| Gross operating margin | 9900 | -€8,990 | €42,053 | +€51,043 | |
| Operating profit (loss) | 9901 | -€9,540 | €41,687 | +€51,227 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €8,521 | €11,731 | +€3,211 | +37.7% |
| Recurring financial charges | 65 | €8,521 | €11,731 | +€3,211 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,061 | €29,967 | +€48,027 | |
| Income taxes | 67/77 | - | €3,561 | +€3,561 | |
| Profit (loss) for the period | 9904 | -€18,061 | €26,406 | +€44,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,061 | €26,406 | +€44,467 |
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.