Del Saluma: 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.
Del Saluma
Largest movements
- Cash +€499,578
up €499,578 (+42.3%), from €1.2m to €1.7m
mainly Net result for the year (+€520,012) and Tax, wage and social debts (+€302,089)
- Stocks and contracts +€190,760
up €190,760 (+29.3%), from €650,363 to €841,123
- Receivables within one year +€129,545
up €129,545 (+118%), from €109,745 to €239,290
of which Trade receivables: +€129,696
- Tangible fixed assets +€70,383
up €70,383 (+2,034%), from €3,460 to €73,844
of which Furniture and vehicles: +€45,668
- Intangible fixed assets -€50,000
down €50,000 (-10.3%), from €483,880 to €433,880
- Reserves +€520,012
up €520,012 (+2,096%), from €24,809 to €544,821
- Tax, wage and social debts +€302,089
up €302,089 (+154%), from €196,277 to €498,366
of which Taxes: +€157,054
- Current portion of long-term debt +€258,673
new in 2025: €258,673
- Debts after one year -€212,882
down €212,882 (-30.4%), from €700,000 to €487,118
of which Other amounts payable: -€250,000
- Accrued charges and deferred income -€145,307
down €145,307 (-99.1%), from €146,674 to €1,367
- Gross operating margin +€2.2m
up €2.2m (+222%), from €974,563 to €3.1m
- Staff costs +€1.4m
up €1.4m (+157%), from €912,074 to €2.3m
- Taxes +€167,503
up €167,503 (+1,925%), from €8,703 to €176,206
- Depreciation +€40,230
up €40,230 (+246%), from €16,346 to €56,576
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 | €2,437,904 | €3,281,702 | +€843,799 | +34.6% |
| Fixed assets | 21/28 | €492,840 | €513,223 | +€20,383 | +4.1% |
| Intangible fixed assets | 21 | €483,880 | €433,880 | -€50,000 | -10.3% |
| Tangible fixed assets | 22/27 | €3,460 | €73,844 | +€70,383 | +2,034% |
| Plant, machinery and equipment | 23 | €2,379 | €20,339 | +€17,960 | +755% |
| Furniture and vehicles | 24 | €1,081 | €46,749 | +€45,668 | +4,224% |
| Other tangible fixed assets | 26 | - | €6,756 | +€6,756 | |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €1,945,064 | €2,768,479 | +€823,416 | +42.3% |
| Stocks and contracts in progress | 3 | €650,363 | €841,123 | +€190,760 | +29.3% |
| Stocks | 30/36 | €650,363 | €841,123 | +€190,760 | +29.3% |
| Amounts receivable within one year | 40/41 | €109,745 | €239,290 | +€129,545 | +118% |
| Trade receivables | 40 | €109,537 | €239,233 | +€129,696 | +118% |
| Other amounts receivable | 41 | €207 | €57 | -€150 | -72.4% |
| Cash at bank and in hand | 54/58 | €1,179,900 | €1,679,478 | +€499,578 | +42.3% |
| Deferred charges and accrued income | 490/1 | €5,056 | €8,589 | +€3,533 | +69.9% |
| Total equity and liabilities | 10/49 | €2,437,904 | €3,281,702 | +€843,799 | +34.6% |
| Equity | 10/15 | €74,809 | €594,821 | +€520,012 | +695% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €24,809 | €544,821 | +€520,012 | +2,096% |
| Distributable reserves | 133 | €24,809 | €544,821 | +€520,012 | +2,096% |
| Amounts payable | 17/49 | €2,363,095 | €2,686,881 | +€323,787 | +13.7% |
| Amounts payable after more than one year | 17 | €700,000 | €487,118 | -€212,882 | -30.4% |
| Financial debts | 170/4 | - | €37,118 | +€37,118 | |
| Other amounts payable | 178/9 | €700,000 | €450,000 | -€250,000 | -35.7% |
| Amounts payable within one year | 42/48 | €1,516,421 | €2,198,396 | +€681,975 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | - | €258,673 | +€258,673 | |
| Trade debts | 44 | €1,320,144 | €1,441,308 | +€121,164 | +9.2% |
| Suppliers | 440/4 | €1,320,144 | €1,441,308 | +€121,164 | +9.2% |
| Taxes, remuneration and social security | 45 | €196,277 | €498,366 | +€302,089 | +154% |
| Taxes | 450/3 | €40,053 | €197,107 | +€157,054 | +392% |
| Remuneration and social security | 454/9 | €156,223 | €301,258 | +€145,035 | +92.8% |
| Other amounts payable | 47/48 | - | €49 | +€49 | |
| Accrued charges and deferred income | 492/3 | €146,674 | €1,367 | -€145,307 | -99.1% |
| Remuneration, social security and pensions | 62 | €912,074 | €2,345,149 | +€1.4m | +157% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,346 | €56,576 | +€40,230 | +246% |
| Other operating charges | 640/8 | €633 | €5,917 | +€5,284 | +835% |
| Gross operating margin | 9900 | €974,563 | €3,134,992 | +€2.2m | +222% |
| Operating profit (loss) | 9901 | €45,510 | €727,350 | +€681,840 | +1,498% |
| Financial income | 75/76B | €599 | €5,435 | +€4,836 | +807% |
| Recurring financial income | 75 | €599 | €5,435 | +€4,836 | +807% |
| Financial charges | 65/66B | €12,598 | €36,567 | +€23,969 | +190% |
| Recurring financial charges | 65 | €12,598 | €36,567 | +€23,969 | +190% |
| Profit (loss) for the period before taxes | 9903 | €33,512 | €696,218 | +€662,707 | +1,978% |
| Income taxes | 67/77 | €8,703 | €176,206 | +€167,503 | +1,925% |
| Profit (loss) for the period | 9904 | €24,809 | €520,012 | +€495,203 | +1,996% |
| Profit (loss) for the period to be appropriated | 9905 | €24,809 | €520,012 | +€495,203 | +1,996% |
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 23 October 2026 via checked.be.