SO SAFE: 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.
SO SAFE
Largest movements
- Receivables within one year +€40,000
up €40,000 (+33.3%), from €120,000 to €160,000
- Debts after one year -€83,511
down €83,511 (-7.1%), from €1.2m to €1.1m
- Profit (loss) carried forward +€78,803
up €78,803 (+91.3%), from €86,273 to €165,075
- Other debts +€42,885
up €42,885 (+32.3%), from €132,629 to €175,515
- Financial income +€40,000
up €40,000 (+33.3%), from €120,000 to €160,000
- Gross operating margin -€1,913
down €1,913 (-2.8%), from -€67,579 to -€69,492
- Financial charges -€1,792
down €1,792 (-16.6%), from €10,810 to €9,018
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 | €1,439,868 | €1,475,013 | +€35,146 | +2.4% |
| Fixed assets | 21/28 | €1,303,295 | €1,301,531 | -€1,763 | -0.1% |
| Tangible fixed assets | 22/27 | €3,295 | €1,531 | -€1,763 | -53.5% |
| Furniture and vehicles | 24 | €3,295 | €1,531 | -€1,763 | -53.5% |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €136,573 | €173,482 | +€36,909 | +27.0% |
| Amounts receivable within one year | 40/41 | €120,000 | €160,000 | +€40,000 | +33.3% |
| Other amounts receivable | 41 | €120,000 | €160,000 | +€40,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €6,488 | €5,089 | -€1,398 | -21.6% |
| Deferred charges and accrued income | 490/1 | €10,086 | €8,393 | -€1,693 | -16.8% |
| Total equity and liabilities | 10/49 | €1,439,868 | €1,475,013 | +€35,146 | +2.4% |
| Equity | 10/15 | €90,273 | €169,075 | +€78,803 | +87.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,273 | €165,075 | +€78,803 | +91.3% |
| Amounts payable | 17/49 | €1,349,595 | €1,305,938 | -€43,657 | -3.2% |
| Amounts payable after more than one year | 17 | €1,168,935 | €1,085,424 | -€83,511 | -7.1% |
| Financial debts | 170/4 | €1,168,935 | €1,085,424 | -€83,511 | -7.1% |
| Amounts payable within one year | 42/48 | €180,660 | €220,514 | +€39,854 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €41,770 | €43,111 | +€1,341 | +3.2% |
| Trade debts | 44 | €1,474 | €1,486 | +€12 | +0.8% |
| Suppliers | 440/4 | €1,474 | €1,486 | +€12 | +0.8% |
| Taxes, remuneration and social security | 45 | €4,786 | €402 | -€4,384 | -91.6% |
| Taxes | 450/3 | €4,786 | €402 | -€4,384 | -91.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,629 | €175,515 | +€42,885 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,379 | €1,763 | +€385 | +27.9% |
| Other operating charges | 640/8 | €502 | €521 | +€20 | +3.9% |
| Gross operating margin | 9900 | -€67,579 | -€69,492 | -€1,913 | -2.8% |
| Operating profit (loss) | 9901 | -€69,459 | -€71,777 | -€2,318 | -3.3% |
| Financial income | 75/76B | €120,000 | €160,000 | +€40,000 | +33.3% |
| Recurring financial income | 75 | €120,000 | €160,000 | +€40,000 | +33.3% |
| Financial charges | 65/66B | €10,810 | €9,018 | -€1,792 | -16.6% |
| Recurring financial charges | 65 | €10,810 | €9,018 | -€1,792 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €39,730 | €79,205 | +€39,475 | +99.4% |
| Income taxes | 67/77 | €386 | €402 | +€16 | +4.2% |
| Profit (loss) for the period | 9904 | €39,345 | €78,803 | +€39,458 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €39,345 | €78,803 | +€39,458 | +100% |
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 16 October 2026 via checked.be.