SAFRAN: 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.
SAFRAN
Largest movements
- Tangible fixed assets -€6,507
down €6,507 (-80.5%), from €8,086 to €1,579
of which Furniture and vehicles: -€4,929
- Receivables within one year -€5,351
down €5,351 (-95.4%), from €5,609 to €258
of which Trade receivables: -€5,006
- Deferred charges and accrued income -€2,750
down €2,750 (-96.5%), from €2,850 to €100
- Financial fixed assets -€172
no longer reported in 2025 (was €172)
- Profit (loss) carried forward -€13,435
down €13,435 (-50.3%), from -€26,691 to -€40,126
- Other debts +€2,116
up €2,116 (+12.4%), from €17,065 to €19,181
- Debts after one year -€1,891
no longer reported in 2025 (was €1,891)
- Trade debts -€1,696
down €1,696 (-80.8%), from €2,100 to €404
- Gross operating margin -€6,301
down €6,301, from €128 to -€6,173
- Other operating charges -€959
no longer reported in 2025 (was €959)
- Depreciation -€607
down €607 (-8.5%), from €7,114 to €6,507
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 | €16,981 | €2,204 | -€14,777 | -87.0% |
| Fixed assets | 21/28 | €8,258 | €1,579 | -€6,679 | -80.9% |
| Tangible fixed assets | 22/27 | €8,086 | €1,579 | -€6,507 | -80.5% |
| Plant, machinery and equipment | 23 | €3,157 | €1,579 | -€1,578 | -50.0% |
| Furniture and vehicles | 24 | €4,929 | - | -€4,929 | |
| Financial fixed assets | 28 | €172 | - | -€172 | |
| Current assets | 29/58 | €8,723 | €625 | -€8,098 | -92.8% |
| Amounts receivable within one year | 40/41 | €5,609 | €258 | -€5,351 | -95.4% |
| Trade receivables | 40 | €5,006 | - | -€5,006 | |
| Other amounts receivable | 41 | €603 | €258 | -€345 | -57.2% |
| Cash at bank and in hand | 54/58 | €264 | €267 | +€3 | +1.1% |
| Deferred charges and accrued income | 490/1 | €2,850 | €100 | -€2,750 | -96.5% |
| Total equity and liabilities | 10/49 | €16,981 | €2,204 | -€14,777 | -87.0% |
| Equity | 10/15 | -€6,240 | -€19,675 | -€13,435 | -215% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,691 | -€40,126 | -€13,435 | -50.3% |
| Amounts payable | 17/49 | €23,221 | €21,879 | -€1,342 | -5.8% |
| Amounts payable after more than one year | 17 | €1,891 | - | -€1,891 | |
| Financial debts | 170/4 | €1,891 | - | -€1,891 | |
| Amounts payable within one year | 42/48 | €21,330 | €21,879 | +€549 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €1,794 | €1,891 | +€97 | +5.4% |
| Trade debts | 44 | €2,100 | €404 | -€1,696 | -80.8% |
| Suppliers | 440/4 | €2,100 | €404 | -€1,696 | -80.8% |
| Taxes, remuneration and social security | 45 | €371 | €403 | +€32 | +8.6% |
| Taxes | 450/3 | €371 | €403 | +€32 | +8.6% |
| Other amounts payable | 47/48 | €17,065 | €19,181 | +€2,116 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,114 | €6,507 | -€607 | -8.5% |
| Other operating charges | 640/8 | €959 | - | -€959 | |
| Gross operating margin | 9900 | €128 | -€6,173 | -€6,301 | |
| Operating profit (loss) | 9901 | -€7,945 | -€12,680 | -€4,735 | -59.6% |
| Financial charges | 65/66B | €395 | €352 | -€43 | -10.9% |
| Recurring financial charges | 65 | €395 | €352 | -€43 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,340 | -€13,032 | -€4,692 | -56.3% |
| Income taxes | 67/77 | €371 | €403 | +€32 | +8.6% |
| Profit (loss) for the period | 9904 | -€8,711 | -€13,435 | -€4,724 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,711 | -€13,435 | -€4,724 | -54.2% |
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 15 October 2026 via checked.be.