SAFRANTIS: 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.
SAFRANTIS
Largest movements
- Current investments +€31,712
up €31,712 (+8.9%), from €356,833 to €388,545
- Cash -€15,384
down €15,384 (-23.8%), from €64,710 to €49,326
mainly Current investments (-€31,712) and Receivables within one year (-€5,079)
- Receivables within one year +€5,079
up €5,079 (+49.9%), from €10,174 to €15,253
of which Trade receivables: +€4,531
- Reserves +€10,371
up €10,371 (+2.5%), from €422,511 to €432,882
of which Distributable reserves: +€10,371
- Tax, wage and social debts +€9,348
up €9,348 (+167.6%), from €5,579 to €14,927
- Gross operating margin -€21,667
down €21,667 (-59.1%), from €36,654 to €14,986
- Taxes -€7,352
down €7,352 (-57.8%), from €12,729 to €5,377
- Financial income +€2,848
up €2,848 (+115.2%), from €2,471 to €5,319
- Other operating charges -€1,028
down €1,028 (-49.9%), from €2,061 to €1,033
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.
Cash bridge derived
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 | €452,585 | €470,456 | +€17,871 | +3.9% |
| Fixed assets | 21/28 | €10,334 | €9,869 | -€465 | -4.5% |
| Tangible fixed assets | 22/27 | €8,109 | €7,644 | -€465 | -5.7% |
| Furniture and vehicles | 24 | €3,397 | €3,828 | +€430 | +12.7% |
| Other tangible fixed assets | 26 | €4,712 | €3,816 | -€895 | -19.0% |
| Financial fixed assets | 28 | €2,225 | €2,225 | = | 0.0% |
| Current assets | 29/58 | €442,251 | €460,587 | +€18,336 | +4.1% |
| Amounts receivable within one year | 40/41 | €10,174 | €15,253 | +€5,079 | +49.9% |
| Trade receivables | 40 | €9,630 | €14,161 | +€4,531 | +47.0% |
| Other amounts receivable | 41 | €544 | €1,092 | +€548 | +100.9% |
| Current investments | 50/53 | €356,833 | €388,545 | +€31,712 | +8.9% |
| Cash at bank and in hand | 54/58 | €64,710 | €49,326 | -€15,384 | -23.8% |
| Deferred charges and accrued income | 490/1 | €10,534 | €7,463 | -€3,071 | -29.2% |
| Total equity and liabilities | 10/49 | €452,585 | €470,456 | +€17,871 | +3.9% |
| Equity | 10/15 | €441,111 | €451,482 | +€10,371 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €422,511 | €432,882 | +€10,371 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €448 | €448 | = | 0.0% |
| Distributable reserves | 133 | €420,203 | €430,574 | +€10,371 | +2.5% |
| Amounts payable | 17/49 | €11,474 | €18,974 | +€7,500 | +65.4% |
| Amounts payable within one year | 42/48 | €10,985 | €18,974 | +€7,989 | +72.7% |
| Trade debts | 44 | €3,298 | €3,048 | -€250 | -7.6% |
| Suppliers | 440/4 | €3,298 | €3,048 | -€250 | -7.6% |
| Taxes, remuneration and social security | 45 | €5,579 | €14,927 | +€9,348 | +167.6% |
| Taxes | 450/3 | €5,579 | €14,927 | +€9,348 | +167.6% |
| Other amounts payable | 47/48 | €2,108 | €999 | -€1,109 | -52.6% |
| Accrued charges and deferred income | 492/3 | €489 | €0 | -€489 | -100.0% |
| Non-recurring operating income | 76A | €14,184 | €0 | -€14,184 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,163 | €2,370 | +€208 | +9.6% |
| Other operating charges | 640/8 | €2,061 | €1,033 | -€1,028 | -49.9% |
| Gross operating margin | 9900 | €36,654 | €14,986 | -€21,667 | -59.1% |
| Operating profit (loss) | 9901 | €32,430 | €11,582 | -€20,848 | -64.3% |
| Financial income | 75/76B | €2,471 | €5,319 | +€2,848 | +115.2% |
| Recurring financial income | 75 | €2,471 | €5,319 | +€2,848 | +115.2% |
| Financial charges | 65/66B | €1,159 | €1,153 | -€5 | -0.5% |
| Recurring financial charges | 65 | €1,159 | €1,153 | -€5 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €33,743 | €15,748 | -€17,994 | -53.3% |
| Income taxes | 67/77 | €12,729 | €5,377 | -€7,352 | -57.8% |
| Profit (loss) for the period | 9904 | €21,014 | €10,371 | -€10,642 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,014 | €10,371 | -€10,642 | -50.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.