SAFLOS: 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.
SAFLOS
Largest movements
- Cash -€67,628
down €67,628 (-89.3%), from €75,772 to €8,144
mainly Contributions, distributions and other (-€139,854) and Investment in fixed assets (net) (-€86,010)
- Tangible fixed assets +€54,163
up €54,163 (+8.0%), from €674,009 to €728,172
of which Land and buildings: +€52,353
- Reserves -€26,642
down €26,642 (-3.5%), from €762,948 to €736,307
of which Distributable reserves: -€26,642
- Debts after one year -€15,259
down €15,259 (-4.6%), from €331,636 to €316,377
- Other operating charges -€18,757
down €18,757 (-90.2%), from €20,798 to €2,041
- Financial income -€17,274
down €17,274 (-12.6%), from €137,472 to €120,198
- Depreciation +€7,453
up €7,453 (+30.6%), from €24,394 to €31,847
- Gross operating margin -€4,893
down €4,893 (-9.3%), from €52,352 to €47,459
- Taxes +€658
up €658 (+5.2%), from €12,660 to €13,318
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 | €1,328,180 | €1,305,464 | -€22,716 | -1.7% |
| Fixed assets | 21/28 | €1,239,283 | €1,293,446 | +€54,163 | +4.4% |
| Tangible fixed assets | 22/27 | €674,009 | €728,172 | +€54,163 | +8.0% |
| Land and buildings | 22 | €664,490 | €716,843 | +€52,353 | +7.9% |
| Plant, machinery and equipment | 23 | €4,609 | €1,711 | -€2,898 | -62.9% |
| Furniture and vehicles | 24 | €4,911 | €9,618 | +€4,708 | +95.9% |
| Financial fixed assets | 28 | €565,274 | €565,274 | = | 0.0% |
| Current assets | 29/58 | €88,897 | €12,018 | -€76,879 | -86.5% |
| Amounts receivable within one year | 40/41 | €13,125 | €3,874 | -€9,251 | -70.5% |
| Other amounts receivable | 41 | €13,125 | €3,874 | -€9,251 | -70.5% |
| Cash at bank and in hand | 54/58 | €75,772 | €8,144 | -€67,628 | -89.3% |
| Total equity and liabilities | 10/49 | €1,328,180 | €1,305,464 | -€22,716 | -1.7% |
| Equity | 10/15 | €941,758 | €915,116 | -€26,642 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €762,948 | €736,307 | -€26,642 | -3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €761,088 | €734,447 | -€26,642 | -3.5% |
| Profit (loss) carried forward | 14 | €160,209 | €160,209 | = | 0.0% |
| Amounts payable | 17/49 | €386,423 | €390,348 | +€3,926 | +1.0% |
| Amounts payable after more than one year | 17 | €331,636 | €316,377 | -€15,259 | -4.6% |
| Financial debts | 170/4 | €331,636 | €316,377 | -€15,259 | -4.6% |
| Amounts payable within one year | 42/48 | €53,633 | €72,818 | +€19,185 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €33,928 | €39,475 | +€5,547 | +16.3% |
| Trade debts | 44 | €5,223 | €990 | -€4,233 | -81.0% |
| Suppliers | 440/4 | €5,223 | €990 | -€4,233 | -81.0% |
| Taxes, remuneration and social security | 45 | €13,352 | €26,127 | +€12,775 | +95.7% |
| Taxes | 450/3 | €13,352 | €26,127 | +€12,775 | +95.7% |
| Other amounts payable | 47/48 | €1,130 | €6,226 | +€5,096 | +450.9% |
| Accrued charges and deferred income | 492/3 | €1,154 | €1,154 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,394 | €31,847 | +€7,453 | +30.6% |
| Other operating charges | 640/8 | €20,798 | €2,041 | -€18,757 | -90.2% |
| Gross operating margin | 9900 | €52,352 | €47,459 | -€4,893 | -9.3% |
| Operating profit (loss) | 9901 | €7,160 | €13,571 | +€6,411 | +89.5% |
| Financial income | 75/76B | €137,472 | €120,198 | -€17,274 | -12.6% |
| Recurring financial income | 75 | €137,472 | €120,198 | -€17,274 | -12.6% |
| Financial charges | 65/66B | €7,159 | €7,239 | +€80 | +1.1% |
| Recurring financial charges | 65 | €7,159 | €7,239 | +€80 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €137,473 | €126,530 | -€10,943 | -8.0% |
| Income taxes | 67/77 | €12,660 | €13,318 | +€658 | +5.2% |
| Profit (loss) for the period | 9904 | €124,813 | €113,212 | -€11,601 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,813 | €113,212 | -€11,601 | -9.3% |
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.