SAFTECH: 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.
SAFTECH
Largest movements
- Tangible fixed assets +€39,659
up €39,659 (+1299.0%), from €3,053 to €42,712
of which Furniture and vehicles: +€39,700
- Receivables within one year -€9,891
down €9,891 (-35.9%), from €27,547 to €17,656
of which Other amounts receivable: -€18,472
- Cash +€3,167
up €3,167 (+52.5%), from €6,038 to €9,205
mainly Other debts (+€23,385) and Receivables within one year (+€9,891)
- Other debts +€23,385
new in 2025: €23,385
- Profit (loss) carried forward +€6,952
up €6,952 (+27.7%), from €25,127 to €32,079
- Tax, wage and social debts +€3,256
up €3,256 (+173.1%), from €1,881 to €5,137
- Gross operating margin +€12,929
up €12,929 (+338.6%), from €3,818 to €16,747
- Depreciation +€6,400
up €6,400 (+688.9%), from €929 to €7,329
- Financial income -€1,015
no longer reported in 2025 (was €1,015)
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 | €36,638 | €69,573 | +€32,935 | +89.9% |
| Fixed assets | 21/28 | €3,053 | €42,712 | +€39,659 | +1299.0% |
| Tangible fixed assets | 22/27 | €3,053 | €42,712 | +€39,659 | +1299.0% |
| Plant, machinery and equipment | 23 | €41 | - | -€41 | |
| Furniture and vehicles | 24 | €3,012 | €42,712 | +€39,700 | +1318.1% |
| Current assets | 29/58 | €33,585 | €26,861 | -€6,724 | -20.0% |
| Amounts receivable within one year | 40/41 | €27,547 | €17,656 | -€9,891 | -35.9% |
| Trade receivables | 40 | €9,075 | €17,656 | +€8,581 | +94.6% |
| Other amounts receivable | 41 | €18,472 | - | -€18,472 | |
| Cash at bank and in hand | 54/58 | €6,038 | €9,205 | +€3,167 | +52.5% |
| Total equity and liabilities | 10/49 | €36,638 | €69,573 | +€32,935 | +89.9% |
| Equity | 10/15 | €33,187 | €40,139 | +€6,952 | +20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,127 | €32,079 | +€6,952 | +27.7% |
| Amounts payable | 17/49 | €3,451 | €29,434 | +€25,983 | +752.9% |
| Amounts payable within one year | 42/48 | €3,451 | €29,434 | +€25,983 | +752.9% |
| Trade debts | 44 | €1,570 | €912 | -€658 | -41.9% |
| Suppliers | 440/4 | €1,570 | €912 | -€658 | -41.9% |
| Taxes, remuneration and social security | 45 | €1,881 | €5,137 | +€3,256 | +173.1% |
| Taxes | 450/3 | €1,881 | €5,137 | +€3,256 | +173.1% |
| Other amounts payable | 47/48 | - | €23,385 | +€23,385 | |
| Non-recurring operating income | 76A | - | €6,911 | +€6,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €7,329 | +€6,400 | +688.9% |
| Other operating charges | 640/8 | €426 | €462 | +€36 | +8.5% |
| Gross operating margin | 9900 | €3,818 | €16,747 | +€12,929 | +338.6% |
| Operating profit (loss) | 9901 | €2,463 | €8,956 | +€6,493 | +263.6% |
| Financial income | 75/76B | €1,015 | - | -€1,015 | |
| Recurring financial income | 75 | €1,015 | - | -€1,015 | |
| Financial charges | 65/66B | €137 | €150 | +€13 | +9.5% |
| Recurring financial charges | 65 | €137 | €150 | +€13 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €3,341 | €8,806 | +€5,465 | +163.6% |
| Income taxes | 67/77 | €1,817 | €1,854 | +€37 | +2.0% |
| Profit (loss) for the period | 9904 | €1,524 | €6,952 | +€5,428 | +356.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,524 | €6,952 | +€5,428 | +356.2% |
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 3 October 2026 via checked.be.