DE SALVIA: 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.
DE SALVIA
Largest movements
- Receivables within one year -€4,894
down €4,894 (-13.0%), from €37,568 to €32,674
of which Trade receivables: -€3,742
- Cash -€4,352
down €4,352 (-34.5%), from €12,620 to €8,268
mainly Investment in fixed assets (net) (-€11,361) and Net result for the year (-€8,610)
- Tax, wage and social debts +€8,957
up €8,957 (+34.1%), from €26,301 to €35,257
of which Remuneration and social security: +€10,788
- Profit (loss) carried forward -€8,610
down €8,610 (-253%), from -€3,404 to -€12,014
- Trade debts -€8,456
down €8,456 (-53.1%), from €15,918 to €7,462
- Debts after one year -€2,143
down €2,143 (-5.4%), from €39,357 to €37,214
- Gross operating margin +€19,332
up €19,332 (+14.7%), from €131,668 to €151,000
- Depreciation +€1,610
up €1,610 (+15.8%), from €10,219 to €11,829
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 | €87,127 | €77,336 | -€9,791 | -11.2% |
| Fixed assets | 21/28 | €34,979 | €34,511 | -€468 | -1.3% |
| Tangible fixed assets | 22/27 | €34,979 | €34,511 | -€468 | -1.3% |
| Plant, machinery and equipment | 23 | €26,850 | €30,886 | +€4,036 | +15.0% |
| Furniture and vehicles | 24 | €8,129 | €3,625 | -€4,504 | -55.4% |
| Current assets | 29/58 | €52,148 | €42,825 | -€9,323 | -17.9% |
| Stocks and contracts in progress | 3 | €1,961 | €1,883 | -€78 | -4.0% |
| Stocks | 30/36 | €1,939 | €1,883 | -€56 | -2.9% |
| Contracts in progress | 37 | €22 | - | -€22 | |
| Amounts receivable within one year | 40/41 | €37,568 | €32,674 | -€4,894 | -13.0% |
| Trade receivables | 40 | €19,062 | €15,319 | -€3,742 | -19.6% |
| Other amounts receivable | 41 | €18,506 | €17,355 | -€1,152 | -6.2% |
| Cash at bank and in hand | 54/58 | €12,620 | €8,268 | -€4,352 | -34.5% |
| Total equity and liabilities | 10/49 | €87,127 | €77,336 | -€9,791 | -11.2% |
| Equity | 10/15 | -€1,904 | -€10,514 | -€8,610 | -452% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,404 | -€12,014 | -€8,610 | -253% |
| Amounts payable | 17/49 | €89,031 | €87,850 | -€1,181 | -1.3% |
| Amounts payable after more than one year | 17 | €39,357 | €37,214 | -€2,143 | -5.4% |
| Financial debts | 170/4 | €39,357 | €37,214 | -€2,143 | -5.4% |
| Amounts payable within one year | 42/48 | €49,674 | €50,636 | +€962 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €7,456 | €7,916 | +€461 | +6.2% |
| Trade debts | 44 | €15,918 | €7,462 | -€8,456 | -53.1% |
| Suppliers | 440/4 | €15,918 | €7,462 | -€8,456 | -53.1% |
| Taxes, remuneration and social security | 45 | €26,301 | €35,257 | +€8,957 | +34.1% |
| Taxes | 450/3 | €16,011 | €14,179 | -€1,832 | -11.4% |
| Remuneration and social security | 454/9 | €10,290 | €21,078 | +€10,788 | +105% |
| Non-recurring operating income | 76A | €243 | €148 | -€95 | -39.0% |
| Remuneration, social security and pensions | 62 | €147,123 | €145,656 | -€1,466 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,219 | €11,829 | +€1,610 | +15.8% |
| Other operating charges | 640/8 | €1,072 | €695 | -€377 | -35.2% |
| Non-recurring operating charges | 66A | €481 | €40 | -€441 | -91.7% |
| Gross operating margin | 9900 | €131,668 | €151,000 | +€19,332 | +14.7% |
| Operating profit (loss) | 9901 | -€27,227 | -€7,220 | +€20,006 | +73.5% |
| Financial charges | 65/66B | €2,290 | €1,390 | -€901 | -39.3% |
| Recurring financial charges | 65 | €2,290 | €1,390 | -€901 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,517 | -€8,610 | +€20,907 | +70.8% |
| Profit (loss) for the period | 9904 | -€29,517 | -€8,610 | +€20,907 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,517 | -€8,610 | +€20,907 | +70.8% |
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 17 October 2026 via checked.be.