SAFYR: what changed
What changed
SAFYR
NACE 58.290, Other software publishing
filed annual accounts (NBB)
Net result for the year
-€355,348
2024 · -€535,354+€180,006
Equity
-€1.4m
2024 · -€1.1m-€355,348
Cash
€9,538
2024 · €2,123+€7,415
Balance sheet total
€1.7m
2024 · €1.9m-€246,674
Largest movements
Assets
- Intangible fixed assets -€314,876
down €314,876 (-20.9%), from €1.5m to €1.2m
- Receivables within one year +€64,528
up €64,528 (+24.5%), from €262,933 to €327,461
of which Trade receivables: +€65,217
Equity and liabilities
- Profit (loss) carried forward -€355,348
down €355,348 (-25.6%), from -€1.4m to -€1.7m
- Advances received +€118,702
up €118,702 (+889%), from €13,357 to €132,059
- Debts after one year -€93,356
down €93,356 (-3.8%), from €2.5m to €2.4m
- Trade debts +€69,281
up €69,281 (+39.3%), from €176,507 to €245,788
Income statement
- Gross operating margin +€290,299
up €290,299 (+51.5%), from €563,563 to €853,861
- Depreciation +€77,104
up €77,104 (+15.0%), from €514,762 to €591,866
- Staff costs +€34,308
up €34,308 (+6.7%), from €511,329 to €545,637
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€535,354
Gross operating margin
+€290,299
Staff costs
-€34,308
Depreciation
-€77,104
Other operating charges
+€4,110
Financial income
-€823
Financial charges
-€2,361
Taxes
+€192
Result 2025
-€355,348
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€380,687
Investment
-€292,190
Financing
-€81,083
Cash 2024
€2,123
From operations (derived)
+€380,687
Net result for the year
-€355,348
Depreciation
+€591,866
Stocks and contracts
+€13,133
Receivables within one year
-€64,528
Deferred charges and accrued income
+€5,807
Trade debts
+€69,281
Tax, wage and social debts
+€1,774
Advances received
+€118,702
Investment (derived)
-€292,190
Investment in fixed assets (net)
-€292,190
Financing
-€81,083
Debts after one year
-€93,356
Current portion of long-term debt
+€12,062
Short-term financial debts
+€212
Cash 2025
€9,538
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,928,829 | €1,682,155 | -€246,674 | -12.8% |
| Fixed assets | 21/28 | €1,546,536 | €1,246,860 | -€299,677 | -19.4% |
| Intangible fixed assets | 21 | €1,507,715 | €1,192,838 | -€314,876 | -20.9% |
| Tangible fixed assets | 22/27 | €13,575 | €18,610 | +€5,035 | +37.1% |
| Plant, machinery and equipment | 23 | - | €612 | +€612 | |
| Furniture and vehicles | 24 | €13,575 | €1,858 | -€11,717 | -86.3% |
| Leasing and similar rights | 25 | - | €16,140 | +€16,140 | |
| Financial fixed assets | 28 | €25,247 | €35,412 | +€10,165 | +40.3% |
| Current assets | 29/58 | €382,293 | €435,295 | +€53,002 | +13.9% |
| Stocks and contracts in progress | 3 | €99,533 | €86,399 | -€13,133 | -13.2% |
| Stocks | 30/36 | €99,533 | €86,399 | -€13,133 | -13.2% |
| Amounts receivable within one year | 40/41 | €262,933 | €327,461 | +€64,528 | +24.5% |
| Trade receivables | 40 | €260,192 | €325,409 | +€65,217 | +25.1% |
| Other amounts receivable | 41 | €2,741 | €2,052 | -€689 | -25.1% |
| Cash at bank and in hand | 54/58 | €2,123 | €9,538 | +€7,415 | +349% |
| Deferred charges and accrued income | 490/1 | €17,704 | €11,897 | -€5,807 | -32.8% |
| Total equity and liabilities | 10/49 | €1,928,829 | €1,682,155 | -€246,674 | -12.8% |
| Equity | 10/15 | -€1,050,541 | -€1,405,888 | -€355,348 | -33.8% |
| Contributions | 10/11 | €340,000 | €340,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,390,541 | -€1,745,888 | -€355,348 | -25.6% |
| Amounts payable | 17/49 | €2,979,370 | €3,088,044 | +€108,674 | +3.6% |
| Amounts payable after more than one year | 17 | €2,470,276 | €2,376,919 | -€93,356 | -3.8% |
| Financial debts | 170/4 | €2,470,276 | €2,376,919 | -€93,356 | -3.8% |
| Amounts payable within one year | 42/48 | €509,094 | €711,124 | +€202,030 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €287,888 | €299,950 | +€12,062 | +4.2% |
| Financial debts | 43 | €4,462 | €4,673 | +€212 | +4.7% |
| Credit institutions | 430/8 | €4,462 | €4,673 | +€212 | +4.7% |
| Trade debts | 44 | €176,507 | €245,788 | +€69,281 | +39.3% |
| Suppliers | 440/4 | €176,507 | €245,788 | +€69,281 | +39.3% |
| Advances received on contracts in progress | 46 | €13,357 | €132,059 | +€118,702 | +889% |
| Taxes, remuneration and social security | 45 | €26,880 | €28,654 | +€1,774 | +6.6% |
| Taxes | 450/3 | €720 | €0 | -€720 | -100% |
| Remuneration and social security | 454/9 | €26,160 | €28,654 | +€2,494 | +9.5% |
| Remuneration, social security and pensions | 62 | €511,329 | €545,637 | +€34,308 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514,762 | €591,866 | +€77,104 | +15.0% |
| Other operating charges | 640/8 | €5,516 | €1,406 | -€4,110 | -74.5% |
| Gross operating margin | 9900 | €563,563 | €853,861 | +€290,299 | +51.5% |
| Operating profit (loss) | 9901 | -€468,045 | -€285,048 | +€182,997 | +39.1% |
| Financial income | 75/76B | €1,702 | €879 | -€823 | -48.3% |
| Recurring financial income | 75 | €1,702 | €879 | -€823 | -48.3% |
| Financial charges | 65/66B | €68,339 | €70,699 | +€2,361 | +3.5% |
| Recurring financial charges | 65 | €68,339 | €70,699 | +€2,361 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€534,682 | -€354,868 | +€179,814 | +33.6% |
| Income taxes | 67/77 | €672 | €480 | -€192 | -28.6% |
| Profit (loss) for the period | 9904 | -€535,354 | -€355,348 | +€180,006 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€535,354 | -€355,348 | +€180,006 | +33.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.