LA SALUD: what changed
Two fiscal 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.
LA SALUD
Largest movements
- Tangible fixed assets +€48,355
up €48,355 (+49.4%), from €97,828 to €146,184
of which Furniture and vehicles: +€51,906
- Current investments +€25,202
new in 2025: €25,202
- Cash -€18,901
down €18,901 (-30.0%), from €63,109 to €44,207
mainly Investment in fixed assets (net) (-€56,877) and Current investments (-€25,202)
- Deferred charges and accrued income -€5,073
down €5,073 (-24.1%), from €21,007 to €15,934
- Receivables within one year +€3,125
up €3,125 (+90.0%), from €3,471 to €6,597
of which Other amounts receivable: +€2,917
- Debts after one year +€31,548
new in 2025: €31,548
- Reserves +€13,323
up €13,323 (+9.0%), from €147,936 to €161,259
- Current portion of long-term debt +€8,143
new in 2025: €8,143
- Gross operating margin +€22,686
up €22,686 (+152.7%), from €14,858 to €37,544
- Taxes +€4,799
up €4,799 (+169.9%), from €2,825 to €7,624
- Depreciation +€2,024
up €2,024 (+31.1%), from €6,498 to €8,522
- Financial charges +€755
up €755 (+165.7%), from €456 to €1,211
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.
Cash bridge derived
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 | €185,415 | €238,124 | +€52,709 | +28.4% |
| Fixed assets | 21/28 | €97,828 | €146,184 | +€48,355 | +49.4% |
| Tangible fixed assets | 22/27 | €97,828 | €146,184 | +€48,355 | +49.4% |
| Land and buildings | 22 | €89,988 | €86,062 | -€3,926 | -4.4% |
| Plant, machinery and equipment | 23 | €2,394 | €3,441 | +€1,047 | +43.7% |
| Furniture and vehicles | 24 | €1,587 | €53,493 | +€51,906 | +3270.4% |
| Other tangible fixed assets | 26 | €3,859 | €3,188 | -€671 | -17.4% |
| Current assets | 29/58 | €87,587 | €91,940 | +€4,353 | +5.0% |
| Amounts receivable within one year | 40/41 | €3,471 | €6,597 | +€3,125 | +90.0% |
| Trade receivables | 40 | - | €209 | +€209 | |
| Other amounts receivable | 41 | €3,471 | €6,388 | +€2,917 | +84.0% |
| Current investments | 50/53 | - | €25,202 | +€25,202 | |
| Cash at bank and in hand | 54/58 | €63,109 | €44,207 | -€18,901 | -30.0% |
| Deferred charges and accrued income | 490/1 | €21,007 | €15,934 | -€5,073 | -24.1% |
| Total equity and liabilities | 10/49 | €185,415 | €238,124 | +€52,709 | +28.4% |
| Equity | 10/15 | €166,536 | €179,859 | +€13,323 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,936 | €161,259 | +€13,323 | +9.0% |
| Distributable reserves | 133 | €147,936 | €161,259 | +€13,323 | +9.0% |
| Amounts payable | 17/49 | €18,879 | €58,264 | +€39,385 | +208.6% |
| Amounts payable after more than one year | 17 | - | €31,548 | +€31,548 | |
| Financial debts | 170/4 | - | €31,548 | +€31,548 | |
| Amounts payable within one year | 42/48 | €18,620 | €26,583 | +€7,963 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,143 | +€8,143 | |
| Trade debts | 44 | €11,158 | €9,908 | -€1,250 | -11.2% |
| Suppliers | 440/4 | €11,158 | €9,908 | -€1,250 | -11.2% |
| Taxes, remuneration and social security | 45 | €2,547 | €1,837 | -€710 | -27.9% |
| Taxes | 450/3 | €2,547 | €1,837 | -€710 | -27.9% |
| Other amounts payable | 47/48 | €4,916 | €6,695 | +€1,779 | +36.2% |
| Accrued charges and deferred income | 492/3 | €259 | €133 | -€126 | -48.5% |
| Non-recurring operating income | 76A | - | €12,100 | +€12,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,498 | €8,522 | +€2,024 | +31.1% |
| Other operating charges | 640/8 | €2,120 | €2,034 | -€86 | -4.0% |
| Gross operating margin | 9900 | €14,858 | €37,544 | +€22,686 | +152.7% |
| Operating profit (loss) | 9901 | €6,241 | €26,988 | +€20,747 | +332.5% |
| Financial income | 75/76B | €3 | €214 | +€211 | +7016.7% |
| Recurring financial income | 75 | €3 | €214 | +€211 | +7016.7% |
| Financial charges | 65/66B | €456 | €1,211 | +€755 | +165.7% |
| Recurring financial charges | 65 | €456 | €1,211 | +€755 | +165.7% |
| Profit (loss) for the period before taxes | 9903 | €5,788 | €25,991 | +€20,203 | +349.0% |
| Income taxes | 67/77 | €2,825 | €7,624 | +€4,799 | +169.9% |
| Profit (loss) for the period | 9904 | €2,963 | €18,367 | +€15,404 | +519.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,963 | €18,367 | +€15,404 | +519.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.