SAFRAN.BE: 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.BE
Largest movements
- Stocks and contracts -€5,535
down €5,535 (-39.5%), from €14,016 to €8,481
- Cash +€4,529
up €4,529 (+106%), from €4,293 to €8,823
mainly Stocks and contracts (+€5,535) and Depreciation (+€1,030)
- Receivables within one year +€1,066
up €1,066 (+3.0%), from €35,024 to €36,090
of which Trade receivables: +€3,867
- Tangible fixed assets -€1,030
down €1,030 (-50.0%), from €2,060 to €1,030
- Trade debts -€767
down €767 (-6.2%), from €12,429 to €11,662
- Profit (loss) carried forward -€749
down €749 (-14.1%), from €5,318 to €4,569
- Gross operating margin +€3,534
up €3,534 (+188%), from €1,881 to €5,415
- Write-downs +€2,740
new in 2025: €2,740
- Financial charges -€1,144
down €1,144 (-47.0%), from €2,432 to €1,289
- Taxes -€243
down €243 (-35.3%), from €690 to €447
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 | €55,393 | €54,424 | -€969 | -1.7% |
| Fixed assets | 21/28 | €2,060 | €1,030 | -€1,030 | -50.0% |
| Tangible fixed assets | 22/27 | €2,060 | €1,030 | -€1,030 | -50.0% |
| Furniture and vehicles | 24 | €2,060 | €1,030 | -€1,030 | -50.0% |
| Current assets | 29/58 | €53,333 | €53,394 | +€61 | +0.1% |
| Stocks and contracts in progress | 3 | €14,016 | €8,481 | -€5,535 | -39.5% |
| Stocks | 30/36 | €14,016 | €8,481 | -€5,535 | -39.5% |
| Amounts receivable within one year | 40/41 | €35,024 | €36,090 | +€1,066 | +3.0% |
| Trade receivables | 40 | €20,853 | €24,721 | +€3,867 | +18.5% |
| Other amounts receivable | 41 | €14,170 | €11,369 | -€2,801 | -19.8% |
| Cash at bank and in hand | 54/58 | €4,293 | €8,823 | +€4,529 | +106% |
| Total equity and liabilities | 10/49 | €55,393 | €54,424 | -€969 | -1.7% |
| Equity | 10/15 | €29,718 | €28,969 | -€749 | -2.5% |
| Contributions | 10/11 | €22,200 | €22,200 | = | 0.0% |
| Capital | 10 | €22,200 | €22,200 | = | 0.0% |
| Issued capital | 100 | €22,200 | €22,200 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Legal reserve | 130 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,318 | €4,569 | -€749 | -14.1% |
| Amounts payable | 17/49 | €25,675 | €25,455 | -€220 | -0.9% |
| Amounts payable within one year | 42/48 | €25,675 | €25,455 | -€220 | -0.9% |
| Trade debts | 44 | €12,429 | €11,662 | -€767 | -6.2% |
| Suppliers | 440/4 | €12,429 | €11,662 | -€767 | -6.2% |
| Advances received on contracts in progress | 46 | €12,577 | €12,687 | +€110 | +0.9% |
| Taxes, remuneration and social security | 45 | €669 | €1,105 | +€437 | +65.3% |
| Taxes | 450/3 | €669 | €1,105 | +€437 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,030 | €1,030 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,740 | +€2,740 | |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | €134 | - | -€134 | |
| Gross operating margin | 9900 | €1,881 | €5,415 | +€3,534 | +188% |
| Operating profit (loss) | 9901 | €44 | €950 | +€906 | +2,044% |
| Financial income | 75/76B | €61 | €36 | -€25 | -41.0% |
| Recurring financial income | 75 | €61 | €36 | -€25 | -41.0% |
| Financial charges | 65/66B | €2,432 | €1,289 | -€1,144 | -47.0% |
| Recurring financial charges | 65 | €2,432 | €1,289 | -€1,144 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,327 | -€302 | +€2,025 | +87.0% |
| Income taxes | 67/77 | €690 | €447 | -€243 | -35.3% |
| Profit (loss) for the period | 9904 | -€3,017 | -€749 | +€2,268 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,017 | -€749 | +€2,268 | +75.2% |
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 19 October 2026 via checked.be.