SAFO SERVICES: 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.
SAFO SERVICES
Largest movements
- Receivables within one year +€31,646
up €31,646 (+70.4%), from €44,922 to €76,568
of which Trade receivables: +€31,646
- Cash -€31,057
down €31,057 (-92.1%), from €33,710 to €2,654
mainly Receivables within one year (-€31,646) and Investment in fixed assets (net) (-€15,500)
- Tangible fixed assets +€8,800
up €8,800 (+287%), from €3,067 to €11,867
- Trade debts +€12,201
up €12,201 (+121%), from €10,090 to €22,291
- Tax, wage and social debts +€8,181
up €8,181 (+216%), from €3,789 to €11,970
- Profit (loss) carried forward -€7,953
down €7,953 (-51.5%), from €15,450 to €7,497
- Other debts -€3,039
down €3,039 (-26.3%), from €11,559 to €8,520
- Purchases and services +€54,866
up €54,866 (+111%), from €49,564 to €104,430
- Turnover +€51,897
up €51,897 (+85.6%), from €60,646 to €112,543
- Financial income -€8,558
down €8,558 (-99.9%), from €8,570 to €12
- Staff costs +€6,450
new in 2025: €6,450
- Depreciation +€5,167
up €5,167 (+337%), from €1,533 to €6,700
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 | €90,699 | €100,089 | +€9,390 | +10.4% |
| Fixed assets | 21/28 | €12,067 | €20,867 | +€8,800 | +72.9% |
| Tangible fixed assets | 22/27 | €3,067 | €11,867 | +€8,800 | +287% |
| Furniture and vehicles | 24 | €3,067 | €11,867 | +€8,800 | +287% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €78,632 | €79,222 | +€590 | +0.7% |
| Amounts receivable within one year | 40/41 | €44,922 | €76,568 | +€31,646 | +70.4% |
| Trade receivables | 40 | €42,281 | €73,927 | +€31,646 | +74.8% |
| Other amounts receivable | 41 | €2,641 | €2,641 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,710 | €2,654 | -€31,057 | -92.1% |
| Total equity and liabilities | 10/49 | €90,699 | €100,089 | +€9,390 | +10.4% |
| Equity | 10/15 | €23,450 | €15,497 | -€7,953 | -33.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | €8,000 | = | 0.0% |
| Share premium | 1100/10 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,450 | €7,497 | -€7,953 | -51.5% |
| Amounts payable | 17/49 | €67,249 | €84,592 | +€17,343 | +25.8% |
| Amounts payable within one year | 42/48 | €67,249 | €84,592 | +€17,343 | +25.8% |
| Trade debts | 44 | €10,090 | €22,291 | +€12,201 | +121% |
| Suppliers | 440/4 | €10,090 | €22,291 | +€12,201 | +121% |
| Advances received on contracts in progress | 46 | €41,811 | €41,811 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,789 | €11,970 | +€8,181 | +216% |
| Taxes | 450/3 | €3,789 | €11,970 | +€8,181 | +216% |
| Other amounts payable | 47/48 | €11,559 | €8,520 | -€3,039 | -26.3% |
| Turnover | 70 | €60,646 | €112,543 | +€51,897 | +85.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,564 | €104,430 | +€54,866 | +111% |
| Remuneration, social security and pensions | 62 | - | €6,450 | +€6,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,533 | €6,700 | +€5,167 | +337% |
| Other operating charges | 640/8 | €684 | €1,054 | +€370 | +54.1% |
| Non-recurring operating charges | 66A | - | €120 | +€120 | |
| Gross operating margin | 9900 | €11,082 | €8,113 | -€2,968 | -26.8% |
| Operating profit (loss) | 9901 | €8,865 | -€6,210 | -€15,075 | |
| Financial income | 75/76B | €8,570 | €12 | -€8,558 | -99.9% |
| Recurring financial income | 75 | €8,570 | €12 | -€8,558 | -99.9% |
| Financial charges | 65/66B | €4,669 | €135 | -€4,533 | -97.1% |
| Recurring financial charges | 65 | €4,669 | €135 | -€4,533 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €12,766 | -€6,334 | -€19,100 | |
| Income taxes | 67/77 | €2,013 | €1,620 | -€394 | -19.5% |
| Profit (loss) for the period | 9904 | €10,753 | -€7,953 | -€18,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,753 | -€7,953 | -€18,706 |
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 25 October 2026 via checked.be.