SaFraSa: 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.
SaFraSa
Largest movements
- Cash -€24,870
down €24,870 (-97.5%), from €25,498 to €628
mainly Receivables after one year (-€16,000) and Investment in fixed assets (net) (-€13,204)
- Receivables after one year +€16,000
new in 2025: €16,000
- Receivables within one year +€11,749
new in 2025: €11,749
- Tangible fixed assets +€10,730
new in 2025: €10,730
- Deferred charges and accrued income +€5,998
new in 2025: €5,998
- Reserves +€11,555
up €11,555 (+111.1%), from €10,398 to €21,954
- Trade debts +€6,330
up €6,330 (+652.0%), from €971 to €7,301
- Tax, wage and social debts +€1,398
up €1,398 (+15.4%), from €9,086 to €10,484
- Gross operating margin +€6,961
up €6,961 (+47.6%), from €14,615 to €21,576
- Depreciation +€2,474
new in 2025: €2,474
- Taxes +€2,000
up €2,000 (+64.6%), from €3,096 to €5,096
- Financial charges +€1,905
up €1,905 (+1256.2%), from €152 to €2,057
- Other operating charges -€336
down €336 (-34.6%), from €970 to €634
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 | €25,498 | €45,105 | +€19,607 | +76.9% |
| Fixed assets | 21/28 | - | €10,730 | +€10,730 | |
| Tangible fixed assets | 22/27 | - | €10,730 | +€10,730 | |
| Plant, machinery and equipment | 23 | - | €10,730 | +€10,730 | |
| Current assets | 29/58 | €25,498 | €34,375 | +€8,877 | +34.8% |
| Amounts receivable after more than one year | 29 | - | €16,000 | +€16,000 | |
| Other amounts receivable | 291 | - | €16,000 | +€16,000 | |
| Amounts receivable within one year | 40/41 | - | €11,749 | +€11,749 | |
| Trade receivables | 40 | - | €11,749 | +€11,749 | |
| Cash at bank and in hand | 54/58 | €25,498 | €628 | -€24,870 | -97.5% |
| Deferred charges and accrued income | 490/1 | - | €5,998 | +€5,998 | |
| Total equity and liabilities | 10/49 | €25,498 | €45,105 | +€19,607 | +76.9% |
| Equity | 10/15 | €15,398 | €26,954 | +€11,555 | +75.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,398 | €21,954 | +€11,555 | +111.1% |
| Distributable reserves | 133 | €10,398 | €21,954 | +€11,555 | +111.1% |
| Amounts payable | 17/49 | €10,099 | €18,151 | +€8,052 | +79.7% |
| Amounts payable within one year | 42/48 | €10,099 | €18,151 | +€8,052 | +79.7% |
| Trade debts | 44 | €971 | €7,301 | +€6,330 | +652.0% |
| Suppliers | 440/4 | €971 | €7,301 | +€6,330 | +652.0% |
| Taxes, remuneration and social security | 45 | €9,086 | €10,484 | +€1,398 | +15.4% |
| Taxes | 450/3 | €9,086 | €10,484 | +€1,398 | +15.4% |
| Other amounts payable | 47/48 | €43 | €367 | +€324 | +759.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,474 | +€2,474 | |
| Other operating charges | 640/8 | €970 | €634 | -€336 | -34.6% |
| Gross operating margin | 9900 | €14,615 | €21,576 | +€6,961 | +47.6% |
| Operating profit (loss) | 9901 | €13,646 | €18,468 | +€4,822 | +35.3% |
| Financial income | 75/76B | - | €240 | +€240 | |
| Recurring financial income | 75 | - | €240 | +€240 | |
| Financial charges | 65/66B | €152 | €2,057 | +€1,905 | +1256.2% |
| Recurring financial charges | 65 | €152 | €2,057 | +€1,905 | +1256.2% |
| Profit (loss) for the period before taxes | 9903 | €13,494 | €16,651 | +€3,157 | +23.4% |
| Income taxes | 67/77 | €3,096 | €5,096 | +€2,000 | +64.6% |
| Profit (loss) for the period | 9904 | €10,398 | €11,555 | +€1,157 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,398 | €11,555 | +€1,157 | +11.1% |
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.