SAFRALEC: 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.
SAFRALEC
Largest movements
- Cash +€6,991
up €6,991 (+77.9%), from €8,975 to €15,966
mainly Receivables within one year (+€6,144) and Trade debts (+€1,024)
- Receivables within one year -€6,144
down €6,144 (-52.1%), from €11,785 to €5,641
of which Trade receivables: -€4,965
- Tangible fixed assets -€388
down €388 (-72.4%), from €536 to €148
- Deferred charges and accrued income -€228
no longer reported in 2025 (was €228)
- Other debts -€1,603
down €1,603 (-13.8%), from €11,645 to €10,042
- Trade debts +€1,024
up €1,024 (+183%), from €559 to €1,583
- Profit (loss) carried forward +€911
up €911 (+95.9%), from €950 to €1,861
- Gross operating margin +€5,201
up €5,201, from -€3,026 to €2,176
- Taxes -€119
down €119 (-68.0%), from €175 to €56
- Financial income -€72
down €72 (-100.0%), from €72 to €0
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 | €21,595 | €21,826 | +€231 | +1.1% |
| Fixed assets | 21/28 | €607 | €219 | -€388 | -63.9% |
| Tangible fixed assets | 22/27 | €536 | €148 | -€388 | -72.4% |
| Furniture and vehicles | 24 | €536 | €148 | -€388 | -72.4% |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €20,988 | €21,607 | +€619 | +2.9% |
| Amounts receivable within one year | 40/41 | €11,785 | €5,641 | -€6,144 | -52.1% |
| Trade receivables | 40 | €9,974 | €5,009 | -€4,965 | -49.8% |
| Other amounts receivable | 41 | €1,811 | €633 | -€1,179 | -65.1% |
| Cash at bank and in hand | 54/58 | €8,975 | €15,966 | +€6,991 | +77.9% |
| Deferred charges and accrued income | 490/1 | €228 | - | -€228 | |
| Total equity and liabilities | 10/49 | €21,595 | €21,826 | +€231 | +1.1% |
| Equity | 10/15 | €9,010 | €9,921 | +€911 | +10.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €950 | €1,861 | +€911 | +95.9% |
| Amounts payable | 17/49 | €12,585 | €11,905 | -€680 | -5.4% |
| Amounts payable within one year | 42/48 | €12,585 | €11,905 | -€680 | -5.4% |
| Trade debts | 44 | €559 | €1,583 | +€1,024 | +183% |
| Suppliers | 440/4 | €559 | €1,583 | +€1,024 | +183% |
| Taxes, remuneration and social security | 45 | €381 | €280 | -€101 | -26.5% |
| Taxes | 450/3 | €381 | €280 | -€101 | -26.5% |
| Other amounts payable | 47/48 | €11,645 | €10,042 | -€1,603 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €388 | = | 0.0% |
| Other operating charges | 640/8 | €613 | €628 | +€16 | +2.6% |
| Gross operating margin | 9900 | -€3,026 | €2,176 | +€5,201 | |
| Operating profit (loss) | 9901 | -€4,026 | €1,159 | +€5,186 | |
| Financial income | 75/76B | €72 | €0 | -€72 | -100.0% |
| Recurring financial income | 75 | €72 | €0 | -€72 | -100.0% |
| Financial charges | 65/66B | €183 | €192 | +€9 | +4.9% |
| Recurring financial charges | 65 | €183 | €192 | +€9 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,138 | €967 | +€5,105 | |
| Income taxes | 67/77 | €175 | €56 | -€119 | -68.0% |
| Profit (loss) for the period | 9904 | -€4,313 | €911 | +€5,224 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,313 | €911 | +€5,224 |
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 13 October 2026 via checked.be.