SAFYMAN: 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.
SAFYMAN
Largest movements
- Tangible fixed assets -€286,383
down €286,383 (-56.9%), from €503,027 to €216,644
of which Land and buildings: -€240,973
- Cash +€22,368
up €22,368 (+1,022%), from €2,190 to €24,558
mainly Investment in fixed assets (net) (+€236,991) and Net result for the year (+€179,101)
- Debts after one year -€272,470
down €272,470 (-49.9%), from €545,978 to €273,509
of which Financial debts: -€270,860
- Profit (loss) carried forward +€179,101
up €179,101 (+31.5%), from -€568,756 to -€389,655
- Other debts -€127,309
down €127,309 (-99.0%), from €128,553 to €1,244
- Revaluation surpluses -€50,668
down €50,668 (-71.2%), from €71,117 to €20,449
- Reserves +€20,449
up €20,449 (+11.2%), from €183,115 to €203,564
- Gross operating margin +€188,012
up €188,012 (+324%), from €58,018 to €246,031
- Depreciation -€25,477
down €25,477 (-34.0%), from €74,869 to €49,392
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 | €505,216 | €242,877 | -€262,340 | -51.9% |
| Fixed assets | 21/28 | €503,027 | €216,644 | -€286,383 | -56.9% |
| Tangible fixed assets | 22/27 | €503,027 | €216,644 | -€286,383 | -56.9% |
| Land and buildings | 22 | €421,780 | €180,806 | -€240,973 | -57.1% |
| Plant, machinery and equipment | 23 | €81,247 | €28,798 | -€52,449 | -64.6% |
| Furniture and vehicles | 24 | - | €7,040 | +€7,040 | |
| Current assets | 29/58 | €2,190 | €26,233 | +€24,043 | +1,098% |
| Amounts receivable within one year | 40/41 | - | €51 | +€51 | |
| Other amounts receivable | 41 | - | €51 | +€51 | |
| Cash at bank and in hand | 54/58 | €2,190 | €24,558 | +€22,368 | +1,022% |
| Deferred charges and accrued income | 490/1 | - | €1,624 | +€1,624 | |
| Total equity and liabilities | 10/49 | €505,216 | €242,877 | -€262,340 | -51.9% |
| Equity | 10/15 | -€204,524 | -€55,641 | +€148,883 | +72.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Revaluation surpluses | 12 | €71,117 | €20,449 | -€50,668 | -71.2% |
| Reserves | 13 | €183,115 | €203,564 | +€20,449 | +11.2% |
| Distributable reserves | 133 | €183,115 | €203,564 | +€20,449 | +11.2% |
| Profit (loss) carried forward | 14 | -€568,756 | -€389,655 | +€179,101 | +31.5% |
| Amounts payable | 17/49 | €709,741 | €298,518 | -€411,223 | -57.9% |
| Amounts payable after more than one year | 17 | €545,978 | €273,509 | -€272,470 | -49.9% |
| Financial debts | 170/4 | €541,078 | €270,219 | -€270,860 | -50.1% |
| Other amounts payable | 178/9 | €4,900 | €3,290 | -€1,610 | -32.9% |
| Amounts payable within one year | 42/48 | €163,317 | €23,449 | -€139,868 | -85.6% |
| Current portion of amounts payable after more than one year | 42 | €33,493 | €20,313 | -€13,181 | -39.4% |
| Trade debts | 44 | €1,271 | €1,892 | +€621 | +48.9% |
| Suppliers | 440/4 | €1,271 | €1,892 | +€621 | +48.9% |
| Other amounts payable | 47/48 | €128,553 | €1,244 | -€127,309 | -99.0% |
| Accrued charges and deferred income | 492/3 | €445 | €1,560 | +€1,115 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,869 | €49,392 | -€25,477 | -34.0% |
| Other operating charges | 640/8 | €4,379 | €3,238 | -€1,141 | -26.1% |
| Gross operating margin | 9900 | €58,018 | €246,031 | +€188,012 | +324% |
| Operating profit (loss) | 9901 | -€21,230 | €193,401 | +€214,631 | |
| Financial income | 75/76B | €368 | €169 | -€199 | -54.1% |
| Recurring financial income | 75 | €368 | €169 | -€199 | -54.1% |
| Financial charges | 65/66B | €16,239 | €14,469 | -€1,771 | -10.9% |
| Recurring financial charges | 65 | €16,239 | €14,469 | -€1,771 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,101 | €179,101 | +€216,202 | |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€37,105 | €179,101 | +€216,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,105 | €179,101 | +€216,206 |
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 27 October 2026 via checked.be.