B-SAFE: what changed
What changed
B-SAFE
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€98,589
2024 · €239,218-€140,629
Equity
€916,637
2024 · €881,684+€34,953
Cash
€493,376
2024 · €643,041-€149,665
Balance sheet total
€1.6m
2024 · €1.9m-€279,303
Largest movements
Assets
- Receivables within one year -€232,387
down €232,387 (-77.4%), from €300,383 to €67,995
of which Other amounts receivable: -€174,758
- Cash -€149,665
down €149,665 (-23.3%), from €643,041 to €493,376
mainly Trade debts (-€215,020) and Investment in fixed assets (net) (-€161,899)
- Current investments +€102,500
new in 2025: €102,500
- Financial fixed assets +€55,000
up €55,000 (+34.2%), from €161,022 to €216,022
- Intangible fixed assets -€33,425
down €33,425 (-10.2%), from €328,105 to €294,680
Equity and liabilities
- Trade debts -€215,020
down €215,020 (-41.7%), from €515,498 to €300,478
- Reserves +€102,500
up €102,500 (+480%), from €21,373 to €123,873
- Profit (loss) carried forward -€67,548
down €67,548 (-10.4%), from €646,586 to €579,038
- Debts after one year -€40,669
down €40,669 (-15.4%), from €264,161 to €223,493
- Tax, wage and social debts -€30,004
down €30,004 (-35.3%), from €84,919 to €54,915
of which Taxes: -€42,137
Income statement
- Gross operating margin -€112,810
down €112,810 (-12.3%), from €914,348 to €801,538
- Purchases and services +€74,328
up €74,328 (+9.4%), from €788,324 to €862,652
- Staff costs +€66,374
up €66,374 (+15.2%), from €437,192 to €503,566
- Taxes -€49,500
down €49,500 (-51.2%), from €96,763 to €47,262
- Turnover -€19,679
down €19,679 (-1.2%), from €1.6m to €1.6m
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
€239,218
Gross operating margin
-€112,810
Staff costs
-€66,374
Depreciation
-€4,753
Other operating charges
-€1,778
Financial income
-€3,888
Financial charges
-€527
Taxes
+€49,500
Result 2025
€98,589
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
+€229,693
Investment
-€264,399
Financing
-€114,959
Cash 2024
€643,041
From operations (derived)
+€229,693
Net result for the year
+€98,589
Depreciation
+€143,983
Receivables after one year
+€16,982
Receivables within one year
+€232,387
Deferred charges and accrued income
+€684
Trade debts
-€215,020
Tax, wage and social debts
-€30,004
Other debts
-€1,909
Accrued charges and deferred income
-€16,000
Investment (derived)
-€264,399
Investment in fixed assets (net)
-€161,899
Current investments
-€102,500
Financing
-€114,959
Debts after one year
-€40,669
Current portion of long-term debt
-€10,654
Contributions, distributions and other
-€63,636
Cash 2025
€493,376
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,909,130 | €1,629,828 | -€279,303 | -14.6% |
| Fixed assets | 21/28 | €593,366 | €611,282 | +€17,916 | +3.0% |
| Intangible fixed assets | 21 | €328,105 | €294,680 | -€33,425 | -10.2% |
| Tangible fixed assets | 22/27 | €104,239 | €100,580 | -€3,659 | -3.5% |
| Plant, machinery and equipment | 23 | €3,662 | €2,161 | -€1,501 | -41.0% |
| Furniture and vehicles | 24 | €100,399 | €98,268 | -€2,131 | -2.1% |
| Other tangible fixed assets | 26 | €178 | €151 | -€27 | -15.2% |
| Financial fixed assets | 28 | €161,022 | €216,022 | +€55,000 | +34.2% |
| Current assets | 29/58 | €1,315,764 | €1,018,545 | -€297,218 | -22.6% |
| Amounts receivable after more than one year | 29 | €368,235 | €351,253 | -€16,982 | -4.6% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €368,235 | €351,253 | -€16,982 | -4.6% |
| Amounts receivable within one year | 40/41 | €300,383 | €67,995 | -€232,387 | -77.4% |
| Trade receivables | 40 | €57,629 | €0 | -€57,629 | -100% |
| Other amounts receivable | 41 | €242,754 | €67,995 | -€174,758 | -72.0% |
| Current investments | 50/53 | - | €102,500 | +€102,500 | |
| Cash at bank and in hand | 54/58 | €643,041 | €493,376 | -€149,665 | -23.3% |
| Deferred charges and accrued income | 490/1 | €4,106 | €3,422 | -€684 | -16.7% |
| Total equity and liabilities | 10/49 | €1,909,130 | €1,629,828 | -€279,303 | -14.6% |
| Equity | 10/15 | €881,684 | €916,637 | +€34,953 | +4.0% |
| Contributions | 10/11 | €213,726 | €213,726 | = | 0.0% |
| Capital | 10 | €213,726 | €213,726 | = | 0.0% |
| Issued capital | 100 | €213,726 | €213,726 | = | 0.0% |
| Reserves | 13 | €21,373 | €123,873 | +€102,500 | +480% |
| Non-distributable reserves | 130/1 | €21,373 | €123,873 | +€102,500 | +480% |
| Legal reserve | 130 | €21,373 | €21,373 | = | 0.0% |
| Own shares acquired | 1312 | - | €102,500 | +€102,500 | |
| Profit (loss) carried forward | 14 | €646,586 | €579,038 | -€67,548 | -10.4% |
| Amounts payable | 17/49 | €1,027,446 | €713,191 | -€314,255 | -30.6% |
| Amounts payable after more than one year | 17 | €264,161 | €223,493 | -€40,669 | -15.4% |
| Financial debts | 170/4 | €264,161 | €223,493 | -€40,669 | -15.4% |
| Amounts payable within one year | 42/48 | €717,285 | €459,698 | -€257,587 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €51,323 | €40,669 | -€10,654 | -20.8% |
| Trade debts | 44 | €515,498 | €300,478 | -€215,020 | -41.7% |
| Suppliers | 440/4 | €515,498 | €300,478 | -€215,020 | -41.7% |
| Taxes, remuneration and social security | 45 | €84,919 | €54,915 | -€30,004 | -35.3% |
| Taxes | 450/3 | €42,137 | €0 | -€42,137 | -100% |
| Remuneration and social security | 454/9 | €42,782 | €54,915 | +€12,133 | +28.4% |
| Other amounts payable | 47/48 | €65,545 | €63,636 | -€1,909 | -2.9% |
| Accrued charges and deferred income | 492/3 | €46,000 | €30,000 | -€16,000 | -34.8% |
| Turnover | 70 | €1,644,128 | €1,624,449 | -€19,679 | -1.2% |
| Non-recurring operating income | 76A | €42,912 | €21,986 | -€20,926 | -48.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €788,324 | €862,652 | +€74,328 | +9.4% |
| Remuneration, social security and pensions | 62 | €437,192 | €503,566 | +€66,374 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,231 | €143,983 | +€4,753 | +3.4% |
| Other operating charges | 640/8 | €3,853 | €5,631 | +€1,778 | +46.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €914,348 | €801,538 | -€112,810 | -12.3% |
| Operating profit (loss) | 9901 | €334,072 | €148,358 | -€185,715 | -55.6% |
| Financial income | 75/76B | €11,606 | €7,718 | -€3,888 | -33.5% |
| Recurring financial income | 75 | €11,606 | €7,718 | -€3,888 | -33.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,697 | €10,224 | +€527 | +5.4% |
| Recurring financial charges | 65 | €9,697 | €10,224 | +€527 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €335,981 | €145,851 | -€190,129 | -56.6% |
| Income taxes | 67/77 | €96,763 | €47,262 | -€49,500 | -51.2% |
| Profit (loss) for the period | 9904 | €239,218 | €98,589 | -€140,629 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €239,218 | €98,589 | -€140,629 | -58.8% |
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 3 November 2026 via checked.be.