SAFRANE: what changed
Two fiscal 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.
SAFRANE
Largest movements
- Cash +€174,029
up €174,029 (+54.0%), from €322,205 to €496,235
mainly Net result for the year (+€369,804) and Other debts (+€184,054)
- Tangible fixed assets -€18,357
down €18,357 (-22.4%), from €82,038 to €63,681
of which Furniture and vehicles: -€14,538
- Deferred charges and accrued income +€12,519
up €12,519 (+7.3%), from €171,857 to €184,377
- Other debts +€184,054
up €184,054 (+43.1%), from €427,506 to €611,560
- Tax, wage and social debts -€8,211
down €8,211 (-12.1%), from €67,806 to €59,595
of which Taxes: -€8,211
- Depreciation -€16,924
down €16,924 (-48.0%), from €35,281 to €18,357
- Gross operating margin -€11,554
down €11,554 (-2.2%), from €523,423 to €511,869
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,601 | €756,792 | +€168,191 | +28.6% |
| Fixed assets | 21/28 | €82,038 | €63,681 | -€18,357 | -22.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €82,038 | €63,681 | -€18,357 | -22.4% |
| Plant, machinery and equipment | 23 | €25,093 | €21,273 | -€3,820 | -15.2% |
| Furniture and vehicles | 24 | €56,945 | €42,407 | -€14,538 | -25.5% |
| Current assets | 29/58 | €506,563 | €693,112 | +€186,549 | +36.8% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €322,205 | €496,235 | +€174,029 | +54.0% |
| Deferred charges and accrued income | 490/1 | €171,857 | €184,377 | +€12,519 | +7.3% |
| Total equity and liabilities | 10/49 | €588,601 | €756,792 | +€168,191 | +28.6% |
| Equity | 10/15 | €85,798 | €85,602 | -€196 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,198 | €67,002 | -€196 | -0.3% |
| Distributable reserves | 133 | €67,198 | €67,002 | -€196 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €502,803 | €671,190 | +€168,387 | +33.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €502,803 | €671,190 | +€168,387 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €6,714 | €0 | -€6,714 | -100.0% |
| Trade debts | 44 | €776 | €34 | -€742 | -95.6% |
| Suppliers | 440/4 | €776 | €34 | -€742 | -95.6% |
| Taxes, remuneration and social security | 45 | €67,806 | €59,595 | -€8,211 | -12.1% |
| Taxes | 450/3 | €67,806 | €59,595 | -€8,211 | -12.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €427,506 | €611,560 | +€184,054 | +43.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,318 | -€95 | +€1,222 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,281 | €18,357 | -€16,924 | -48.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €523,423 | €511,869 | -€11,554 | -2.2% |
| Operating profit (loss) | 9901 | €488,932 | €493,063 | +€4,131 | +0.8% |
| Financial income | 75/76B | €4,329 | €0 | -€4,329 | -100.0% |
| Recurring financial income | 75 | €4,329 | €0 | -€4,329 | -100.0% |
| Financial charges | 65/66B | €6,406 | €5,917 | -€489 | -7.6% |
| Recurring financial charges | 65 | €6,406 | €5,917 | -€489 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €486,855 | €487,146 | +€291 | +0.1% |
| Income taxes | 67/77 | €117,032 | €117,341 | +€309 | +0.3% |
| Profit (loss) for the period | 9904 | €369,823 | €369,804 | -€18 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €369,823 | €369,804 | -€18 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.