ERIC SALMON & PARTNERS: 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.
ERIC SALMON & PARTNERS
Largest movements
- Receivables within one year +€381,095
up €381,095 (+595%), from €64,094 to €445,189
of which Trade receivables: +€387,002
- Cash +€69,573
up €69,573 (+28.0%), from €248,327 to €317,900
mainly Trade debts (+€204,466) and Net result for the year (+€164,779)
- Trade debts +€204,466
up €204,466 (+340%), from €60,095 to €264,561
- Other debts +€164,775
up €164,775 (+277%), from €59,556 to €224,331
- Tax, wage and social debts +€83,296
up €83,296 (+3,759%), from €2,216 to €85,512
- Gross operating margin +€152,205
up €152,205 (+174%), from €87,237 to €239,442
- Taxes +€48,727
up €48,727 (+267%), from €18,216 to €66,944
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 | €327,359 | €778,329 | +€450,969 | +138% |
| Fixed assets | 21/28 | €12,288 | €9,539 | -€2,749 | -22.4% |
| Tangible fixed assets | 22/27 | €10,616 | €7,868 | -€2,749 | -25.9% |
| Furniture and vehicles | 24 | €671 | €236 | -€435 | -64.8% |
| Other tangible fixed assets | 26 | €9,945 | €7,631 | -€2,314 | -23.3% |
| Financial fixed assets | 28 | €1,671 | €1,671 | = | 0.0% |
| Current assets | 29/58 | €315,072 | €768,790 | +€453,718 | +144% |
| Amounts receivable within one year | 40/41 | €64,094 | €445,189 | +€381,095 | +595% |
| Trade receivables | 40 | €58,187 | €445,189 | +€387,002 | +665% |
| Other amounts receivable | 41 | €5,907 | - | -€5,907 | |
| Cash at bank and in hand | 54/58 | €248,327 | €317,900 | +€69,573 | +28.0% |
| Deferred charges and accrued income | 490/1 | €2,651 | €5,701 | +€3,050 | +115% |
| Total equity and liabilities | 10/49 | €327,359 | €778,329 | +€450,969 | +138% |
| Equity | 10/15 | €203,925 | €203,925 | = | 0.0% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,925 | €93,925 | = | 0.0% |
| Amounts payable | 17/49 | €123,435 | €574,404 | +€450,969 | +365% |
| Amounts payable within one year | 42/48 | €123,435 | €574,404 | +€450,969 | +365% |
| Current portion of amounts payable after more than one year | 42 | €1,567 | - | -€1,567 | |
| Trade debts | 44 | €60,095 | €264,561 | +€204,466 | +340% |
| Suppliers | 440/4 | €60,095 | €264,561 | +€204,466 | +340% |
| Taxes, remuneration and social security | 45 | €2,216 | €85,512 | +€83,296 | +3,759% |
| Taxes | 450/3 | €2,216 | €85,512 | +€83,296 | +3,759% |
| Other amounts payable | 47/48 | €59,556 | €224,331 | +€164,775 | +277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,817 | €2,749 | -€68 | -2.4% |
| Other operating charges | 640/8 | €4,093 | €2,394 | -€1,699 | -41.5% |
| Gross operating margin | 9900 | €87,237 | €239,442 | +€152,205 | +174% |
| Operating profit (loss) | 9901 | €80,328 | €234,299 | +€153,971 | +192% |
| Financial charges | 65/66B | €2,555 | €2,576 | +€21 | +0.8% |
| Recurring financial charges | 65 | €2,555 | €2,576 | +€21 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €77,773 | €231,723 | +€153,950 | +198% |
| Income taxes | 67/77 | €18,216 | €66,944 | +€48,727 | +267% |
| Profit (loss) for the period | 9904 | €59,556 | €164,779 | +€105,223 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €59,556 | €164,779 | +€105,223 | +177% |
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 19 October 2026 via checked.be.