SAFIX: 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.
SAFIX
Largest movements
- Cash +€8,693
up €8,693 (+451%), from €1,930 to €10,623
mainly Other debts (+€8,564) and Depreciation (+€4,707)
- Tangible fixed assets -€4,707
down €4,707 (-39.3%), from €11,974 to €7,267
of which Plant, machinery and equipment: -€2,616
- Deferred charges and accrued income -€331
down €331 (-77.6%), from €427 to €96
- Other debts +€8,564
up €8,564 (+7.1%), from €120,049 to €128,613
- Profit (loss) carried forward -€4,767
down €4,767 (-3.3%), from -€146,105 to -€150,873
- Gross operating margin +€10,942
up €10,942 (+84.2%), from -€12,992 to -€2,050
- Turnover +€9,166
up €9,166 (+745%), from €1,231 to €10,397
- Financial income +€2,750
new in 2025: €2,750
of which Financial income: +€2,750
- Purchases and services -€1,719
down €1,719 (-12.1%), from €14,222 to €12,503
- Depreciation -€515
down €515 (-9.9%), from €5,222 to €4,707
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 | €15,069 | €18,714 | +€3,645 | +24.2% |
| Fixed assets | 21/28 | €12,099 | €7,392 | -€4,707 | -38.9% |
| Tangible fixed assets | 22/27 | €11,974 | €7,267 | -€4,707 | -39.3% |
| Plant, machinery and equipment | 23 | €6,674 | €4,058 | -€2,616 | -39.2% |
| Furniture and vehicles | 24 | €5,300 | €3,209 | -€2,091 | -39.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €2,970 | €11,322 | +€8,352 | +281% |
| Amounts receivable within one year | 40/41 | €614 | €604 | -€10 | -1.6% |
| Other amounts receivable | 41 | €614 | €604 | -€10 | -1.6% |
| Cash at bank and in hand | 54/58 | €1,930 | €10,623 | +€8,693 | +451% |
| Deferred charges and accrued income | 490/1 | €427 | €96 | -€331 | -77.6% |
| Total equity and liabilities | 10/49 | €15,069 | €18,714 | +€3,645 | +24.2% |
| Equity | 10/15 | -€106,765 | -€111,533 | -€4,767 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,740 | €20,740 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,880 | €18,880 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,105 | -€150,873 | -€4,767 | -3.3% |
| Amounts payable | 17/49 | €121,834 | €130,246 | +€8,412 | +6.9% |
| Amounts payable within one year | 42/48 | €121,834 | €130,246 | +€8,412 | +6.9% |
| Trade debts | 44 | €1,785 | €1,634 | -€151 | -8.5% |
| Suppliers | 440/4 | €1,785 | €1,634 | -€151 | -8.5% |
| Other amounts payable | 47/48 | €120,049 | €128,613 | +€8,564 | +7.1% |
| Turnover | 70 | €1,231 | €10,397 | +€9,166 | +745% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,222 | €12,503 | -€1,719 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,222 | €4,707 | -€515 | -9.9% |
| Other operating charges | 640/8 | €318 | €701 | +€382 | +120% |
| Gross operating margin | 9900 | -€12,992 | -€2,050 | +€10,942 | +84.2% |
| Operating profit (loss) | 9901 | -€18,532 | -€7,457 | +€11,075 | +59.8% |
| Financial income | 75/76B | - | €2,750 | +€2,750 | |
| Recurring financial income | 75 | - | €2,750 | +€2,750 | |
| Non-recurring financial income | 76B | - | €2,750 | +€2,750 | |
| Financial charges | 65/66B | €79 | €60 | -€19 | -24.4% |
| Recurring financial charges | 65 | €79 | €60 | -€19 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,612 | -€4,767 | +€13,844 | +74.4% |
| Profit (loss) for the period | 9904 | -€18,612 | -€4,767 | +€13,844 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,612 | -€4,767 | +€13,844 | +74.4% |
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 31 October 2026 via checked.be.