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
- Current investments -€250,000
down €250,000 (-10.4%), from €2.4m to €2.2m
- Financial fixed assets +€180,000
new in 2025: €180,000
- Cash +€66,345
up €66,345 (+120%), from €55,449 to €121,794
mainly Current investments (+€250,000) and Other debts (+€100,211)
- Other debts +€100,211
up €100,211 (+6,295%), from €1,592 to €101,803
- Reserves -€100,000
down €100,000 (-4.2%), from €2.4m to €2.3m
- Profit (loss) carried forward -€26,775
down €26,775 (-104%), from -€25,651 to -€52,426
- Financial income -€79,380
down €79,380 (-99.6%), from €79,714 to €334
- Taxes -€71,536
down €71,536 (-75.4%), from €94,856 to €23,320
- Gross operating margin +€2,197
up €2,197 (+56.0%), from -€3,920 to -€1,723
- Other operating charges -€87
down €87 (-8.0%), from €1,086 to €998
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 | €2,465,502 | €2,461,794 | -€3,708 | -0.2% |
| Fixed assets | 21/28 | - | €180,000 | +€180,000 | |
| Financial fixed assets | 28 | - | €180,000 | +€180,000 | |
| Current assets | 29/58 | €2,465,502 | €2,281,794 | -€183,708 | -7.5% |
| Amounts receivable within one year | 40/41 | €53 | - | -€53 | |
| Other amounts receivable | 41 | €53 | - | -€53 | |
| Current investments | 50/53 | €2,410,000 | €2,160,000 | -€250,000 | -10.4% |
| Cash at bank and in hand | 54/58 | €55,449 | €121,794 | +€66,345 | +120% |
| Total equity and liabilities | 10/49 | €2,465,502 | €2,461,794 | -€3,708 | -0.2% |
| Equity | 10/15 | €2,369,293 | €2,242,518 | -€126,775 | -5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,374,944 | €2,274,944 | -€100,000 | -4.2% |
| Distributable reserves | 133 | €2,374,944 | €2,274,944 | -€100,000 | -4.2% |
| Profit (loss) carried forward | 14 | -€25,651 | -€52,426 | -€26,775 | -104% |
| Amounts payable | 17/49 | €96,209 | €219,277 | +€123,068 | +128% |
| Amounts payable within one year | 42/48 | €96,209 | €219,277 | +€123,068 | +128% |
| Trade debts | 44 | €363 | - | -€363 | |
| Suppliers | 440/4 | €363 | - | -€363 | |
| Taxes, remuneration and social security | 45 | €94,254 | €117,474 | +€23,220 | +24.6% |
| Taxes | 450/3 | €94,254 | €117,474 | +€23,220 | +24.6% |
| Other amounts payable | 47/48 | €1,592 | €101,803 | +€100,211 | +6,295% |
| Other operating charges | 640/8 | €1,086 | €998 | -€87 | -8.0% |
| Gross operating margin | 9900 | -€3,920 | -€1,723 | +€2,197 | +56.0% |
| Operating profit (loss) | 9901 | -€5,006 | -€2,722 | +€2,284 | +45.6% |
| Financial income | 75/76B | €79,714 | €334 | -€79,380 | -99.6% |
| Recurring financial income | 75 | €79,714 | €334 | -€79,380 | -99.6% |
| Financial charges | 65/66B | €1,065 | €1,068 | +€3 | +0.3% |
| Recurring financial charges | 65 | €1,065 | €1,068 | +€3 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €73,643 | -€3,455 | -€77,099 | |
| Income taxes | 67/77 | €94,856 | €23,320 | -€71,536 | -75.4% |
| Profit (loss) for the period | 9904 | -€21,213 | -€26,775 | -€5,563 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,213 | -€26,775 | -€5,563 | -26.2% |
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 18 October 2026 via checked.be.