SAFY GROUP: 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.
SAFY GROUP
Largest movements
- Tangible fixed assets +€6,738
up €6,738 (+39.1%), from €17,213 to €23,950
- Cash +€1,299
up €1,299 (+1,520%), from €85 to €1,384
mainly Debts after one year (+€18,800) and Short-term financial debts (+€7,004)
- Receivables within one year -€1,249
down €1,249 (-6.6%), from €18,924 to €17,675
of which Trade receivables: -€13,924
- Deferred charges and accrued income -€957
no longer reported in 2025 (was €957)
- Debts after one year +€18,800
new in 2025: €18,800
- Tax, wage and social debts -€10,448
down €10,448 (-87.5%), from €11,943 to €1,495
of which Taxes: -€9,938
- Profit (loss) carried forward -€9,202
down €9,202 (-41.6%), from €22,137 to €12,935
- Short-term financial debts +€7,004
new in 2025: €7,004
- Gross operating margin -€33,501
down €33,501 (-58.2%), from €57,518 to €24,017
- Taxes -€5,573
no longer reported in 2025 (was €5,573)
- Staff costs -€4,883
down €4,883 (-21.1%), from €23,147 to €18,264
- Depreciation -€1,382
down €1,382 (-35.8%), from €3,858 to €2,476
- Other operating charges -€642
down €642 (-40.6%), from €1,582 to €940
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 | €37,180 | €43,010 | +€5,830 | +15.7% |
| Fixed assets | 21/28 | €17,213 | €23,950 | +€6,738 | +39.1% |
| Tangible fixed assets | 22/27 | €17,213 | €23,950 | +€6,738 | +39.1% |
| Furniture and vehicles | 24 | €17,213 | €23,950 | +€6,738 | +39.1% |
| Current assets | 29/58 | €19,967 | €19,060 | -€908 | -4.5% |
| Amounts receivable within one year | 40/41 | €18,924 | €17,675 | -€1,249 | -6.6% |
| Trade receivables | 40 | €18,924 | €5,000 | -€13,924 | -73.6% |
| Other amounts receivable | 41 | - | €12,675 | +€12,675 | |
| Cash at bank and in hand | 54/58 | €85 | €1,384 | +€1,299 | +1,520% |
| Deferred charges and accrued income | 490/1 | €957 | - | -€957 | |
| Total equity and liabilities | 10/49 | €37,180 | €43,010 | +€5,830 | +15.7% |
| Equity | 10/15 | €23,137 | €13,935 | -€9,202 | -39.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,137 | €12,935 | -€9,202 | -41.6% |
| Amounts payable | 17/49 | €14,043 | €29,075 | +€15,032 | +107% |
| Amounts payable after more than one year | 17 | - | €18,800 | +€18,800 | |
| Financial debts | 170/4 | - | €18,800 | +€18,800 | |
| Amounts payable within one year | 42/48 | €12,501 | €8,863 | -€3,639 | -29.1% |
| Financial debts | 43 | - | €7,004 | +€7,004 | |
| Credit institutions | 430/8 | - | €7,004 | +€7,004 | |
| Trade debts | 44 | €465 | €363 | -€102 | -21.9% |
| Suppliers | 440/4 | €465 | €363 | -€102 | -21.9% |
| Taxes, remuneration and social security | 45 | €11,943 | €1,495 | -€10,448 | -87.5% |
| Taxes | 450/3 | €10,787 | €849 | -€9,938 | -92.1% |
| Remuneration and social security | 454/9 | €1,156 | €646 | -€510 | -44.1% |
| Other amounts payable | 47/48 | €93 | - | -€93 | |
| Accrued charges and deferred income | 492/3 | €1,542 | €1,412 | -€129 | -8.4% |
| Remuneration, social security and pensions | 62 | €23,147 | €18,264 | -€4,883 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,858 | €2,476 | -€1,382 | -35.8% |
| Other operating charges | 640/8 | €1,582 | €940 | -€642 | -40.6% |
| Non-recurring operating charges | 66A | €1,096 | €11,080 | +€9,984 | +911% |
| Gross operating margin | 9900 | €57,518 | €24,017 | -€33,501 | -58.2% |
| Operating profit (loss) | 9901 | €27,835 | -€8,743 | -€36,578 | |
| Financial income | 75/76B | €11 | €313 | +€302 | +2,847% |
| Recurring financial income | 75 | €11 | €313 | +€302 | +2,847% |
| Financial charges | 65/66B | €135 | €771 | +€636 | +470% |
| Recurring financial charges | 65 | €135 | €771 | +€636 | +470% |
| Profit (loss) for the period before taxes | 9903 | €27,710 | -€9,202 | -€36,912 | |
| Income taxes | 67/77 | €5,573 | - | -€5,573 | |
| Profit (loss) for the period | 9904 | €22,137 | -€9,202 | -€31,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,137 | -€9,202 | -€31,338 |
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 24 October 2026 via checked.be.