SAFOR IT: 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.
SAFOR IT
Largest movements
- Receivables within one year -€29,977
down €29,977 (-53.9%), from €55,617 to €25,640
of which Other amounts receivable: -€30,232
- Cash -€8,954
down €8,954 (-16.6%), from €54,073 to €45,119
mainly Contributions, distributions and other (-€45,934) and Debts after one year (-€18,395)
- Tangible fixed assets -€8,179
down €8,179 (-13.6%), from €59,986 to €51,807
- Reserves -€24,527
down €24,527 (-27.6%), from €89,005 to €64,479
of which Distributable reserves: -€24,527
- Debts after one year -€18,395
down €18,395 (-75.8%), from €24,253 to €5,858
- Current portion of long-term debt -€6,353
down €6,353 (-25.8%), from €24,671 to €18,318
- Tax, wage and social debts +€5,629
up €5,629 (+82.3%), from €6,839 to €12,468
- Trade debts -€4,082
down €4,082 (-46.1%), from €8,849 to €4,767
- Gross operating margin +€14,027
up €14,027 (+44.3%), from €31,631 to €45,658
- Financial income -€12,225
down €12,225 (-99.6%), from €12,279 to €54
- Other operating charges +€1,522
up €1,522 (+153.7%), from €990 to €2,512
- Financial charges -€1,082
down €1,082 (-26.8%), from €4,035 to €2,953
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 | €173,041 | €126,881 | -€46,160 | -26.7% |
| Fixed assets | 21/28 | €60,011 | €51,832 | -€8,179 | -13.6% |
| Tangible fixed assets | 22/27 | €59,986 | €51,807 | -€8,179 | -13.6% |
| Land and buildings | 22 | €59,986 | €51,807 | -€8,179 | -13.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €113,030 | €75,049 | -€37,981 | -33.6% |
| Amounts receivable within one year | 40/41 | €55,617 | €25,640 | -€29,977 | -53.9% |
| Trade receivables | 40 | €13,199 | €13,454 | +€255 | +1.9% |
| Other amounts receivable | 41 | €42,418 | €12,186 | -€30,232 | -71.3% |
| Cash at bank and in hand | 54/58 | €54,073 | €45,119 | -€8,954 | -16.6% |
| Deferred charges and accrued income | 490/1 | €3,340 | €4,290 | +€950 | +28.4% |
| Total equity and liabilities | 10/49 | €173,041 | €126,881 | -€46,160 | -26.7% |
| Equity | 10/15 | €108,429 | €83,903 | -€24,526 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,005 | €64,479 | -€24,527 | -27.6% |
| 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 | €87,145 | €62,619 | -€24,527 | -28.1% |
| Profit (loss) carried forward | 14 | €824 | €824 | +€0 | 0.0% |
| Amounts payable | 17/49 | €64,612 | €42,978 | -€21,634 | -33.5% |
| Amounts payable after more than one year | 17 | €24,253 | €5,858 | -€18,395 | -75.8% |
| Financial debts | 170/4 | €24,253 | €5,858 | -€18,395 | -75.8% |
| Amounts payable within one year | 42/48 | €40,359 | €35,553 | -€4,806 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €24,671 | €18,318 | -€6,353 | -25.8% |
| Trade debts | 44 | €8,849 | €4,767 | -€4,082 | -46.1% |
| Suppliers | 440/4 | €8,849 | €4,767 | -€4,082 | -46.1% |
| Taxes, remuneration and social security | 45 | €6,839 | €12,468 | +€5,629 | +82.3% |
| Taxes | 450/3 | €6,839 | €12,468 | +€5,629 | +82.3% |
| Accrued charges and deferred income | 492/3 | - | €1,567 | +€1,567 | |
| Remuneration, social security and pensions | 62 | - | €173 | +€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,615 | €8,180 | -€435 | -5.0% |
| Other operating charges | 640/8 | €990 | €2,512 | +€1,522 | +153.7% |
| Gross operating margin | 9900 | €31,631 | €45,658 | +€14,027 | +44.3% |
| Operating profit (loss) | 9901 | €22,026 | €34,794 | +€12,768 | +58.0% |
| Financial income | 75/76B | €12,279 | €54 | -€12,225 | -99.6% |
| Recurring financial income | 75 | €12,279 | €54 | -€12,225 | -99.6% |
| Financial charges | 65/66B | €4,035 | €2,953 | -€1,082 | -26.8% |
| Recurring financial charges | 65 | €4,035 | €2,953 | -€1,082 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €30,270 | €31,895 | +€1,625 | +5.4% |
| Income taxes | 67/77 | €10,370 | €10,487 | +€117 | +1.1% |
| Profit (loss) for the period | 9904 | €19,900 | €21,408 | +€1,508 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,900 | €21,408 | +€1,508 | +7.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.