SAFRALEBO: what changed
SAFRALEBO
Largest movements
- Receivables within one year +€241,520
up €241,520 (+141%), from €171,343 to €412,862
- Current investments +€227,756
up €227,756 (+47.8%), from €476,601 to €704,357
- Cash -€179,568
down €179,568 (-83.9%), from €213,967 to €34,399
mainly Receivables within one year (-€241,520) and Current investments (-€227,756)
- Reserves +€287,000
up €287,000 (+149%), from €192,500 to €479,500
- Financial income +€252,595
up €252,595 (+267%), from €94,497 to €347,093
- Gross operating margin -€10,966
down €10,966 (-177%), from -€6,185 to -€17,151
- Purchases and services +€10,966
up €10,966 (+177%), from €6,185 to €17,151
- Taxes -€319
down €319 (-0.9%), from €36,130 to €35,812
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,148,103 | €14,437,811 | +€289,708 | +2.0% |
| Fixed assets | 21/28 | €13,286,192 | €13,286,192 | = | 0.0% |
| Financial fixed assets | 28 | €13,286,192 | €13,286,192 | = | 0.0% |
| Current assets | 29/58 | €861,911 | €1,151,619 | +€289,708 | +33.6% |
| Amounts receivable within one year | 40/41 | €171,343 | €412,862 | +€241,520 | +141% |
| Other amounts receivable | 41 | €171,343 | €412,862 | +€241,520 | +141% |
| Current investments | 50/53 | €476,601 | €704,357 | +€227,756 | +47.8% |
| Cash at bank and in hand | 54/58 | €213,967 | €34,399 | -€179,568 | -83.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,148,103 | €14,437,811 | +€289,708 | +2.0% |
| Equity | 10/15 | €14,025,085 | €14,317,720 | +€292,635 | +2.1% |
| Contributions | 10/11 | €1,652,028 | €1,652,028 | = | 0.0% |
| Reserves | 13 | €192,500 | €479,500 | +€287,000 | +149% |
| Distributable reserves | 133 | €192,500 | €479,500 | +€287,000 | +149% |
| Profit (loss) carried forward | 14 | €12,180,557 | €12,186,192 | +€5,635 | 0.0% |
| Amounts payable | 17/49 | €123,018 | €120,091 | -€2,927 | -2.4% |
| Amounts payable after more than one year | 17 | €120,783 | €97,866 | -€22,917 | -19.0% |
| Other amounts payable | 178/9 | €120,783 | €97,866 | -€22,917 | -19.0% |
| Amounts payable within one year | 42/48 | €2,235 | €22,225 | +€19,990 | +894% |
| Trade debts | 44 | - | €10,585 | +€10,585 | |
| Suppliers | 440/4 | - | €10,585 | +€10,585 | |
| Taxes, remuneration and social security | 45 | €2,235 | €11,640 | +€9,405 | +421% |
| Taxes | 450/3 | €2,235 | €11,640 | +€9,405 | +421% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,185 | €17,151 | +€10,966 | +177% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€6,185 | -€17,151 | -€10,966 | -177% |
| Operating profit (loss) | 9901 | -€7,271 | -€18,270 | -€10,999 | -151% |
| Financial income | 75/76B | €94,497 | €347,093 | +€252,595 | +267% |
| Recurring financial income | 75 | €94,497 | €347,093 | +€252,595 | +267% |
| Financial charges | 65/66B | €358 | €376 | +€19 | +5.2% |
| Recurring financial charges | 65 | €358 | €376 | +€19 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €86,869 | €328,447 | +€241,578 | +278% |
| Income taxes | 67/77 | €36,130 | €35,812 | -€319 | -0.9% |
| Profit (loss) for the period | 9904 | €50,739 | €292,635 | +€241,896 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €50,739 | €292,635 | +€241,896 | +477% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.