M. SALINGRET: 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.
M. SALINGRET
Largest movements
- Cash -€33,132
down €33,132 (-40.7%), from €81,345 to €48,213
mainly Contributions, distributions and other (-€41,176) and Receivables within one year (-€14,028)
- Receivables within one year +€14,028
new in 2025: €14,028
- Tangible fixed assets +€3,288
up €3,288 (+19.5%), from €16,843 to €20,131
of which Furniture and vehicles: +€1,689
- Profit (loss) carried forward -€20,053
down €20,053 (-31.2%), from €64,290 to €44,237
- Tax, wage and social debts +€8,847
up €8,847 (+54.8%), from €16,139 to €24,986
- Other debts -€5,754
down €5,754 (-45.3%), from €12,705 to €6,952
- Trade debts +€1,144
up €1,144 (+31.3%), from €3,654 to €4,798
- Gross operating margin +€6,142
up €6,142 (+22.8%), from €26,998 to €33,140
- Depreciation +€2,463
up €2,463 (+97.5%), from €2,525 to €4,988
- Taxes +€675
up €675 (+10.7%), from €6,293 to €6,968
- Financial income +€542
up €542 (+355%), from €153 to €695
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 | €98,187 | €82,372 | -€15,816 | -16.1% |
| Fixed assets | 21/28 | €16,843 | €20,131 | +€3,288 | +19.5% |
| Tangible fixed assets | 22/27 | €16,843 | €20,131 | +€3,288 | +19.5% |
| Plant, machinery and equipment | 23 | €15,239 | €16,839 | +€1,599 | +10.5% |
| Furniture and vehicles | 24 | €1,603 | €3,292 | +€1,689 | +105% |
| Current assets | 29/58 | €81,345 | €62,241 | -€19,104 | -23.5% |
| Amounts receivable within one year | 40/41 | - | €14,028 | +€14,028 | |
| Trade receivables | 40 | - | €14,028 | +€14,028 | |
| Cash at bank and in hand | 54/58 | €81,345 | €48,213 | -€33,132 | -40.7% |
| Total equity and liabilities | 10/49 | €98,187 | €82,372 | -€15,816 | -16.1% |
| Equity | 10/15 | €65,690 | €45,637 | -€20,053 | -30.5% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,290 | €44,237 | -€20,053 | -31.2% |
| Amounts payable | 17/49 | €32,498 | €36,735 | +€4,237 | +13.0% |
| Amounts payable within one year | 42/48 | €32,498 | €36,735 | +€4,237 | +13.0% |
| Trade debts | 44 | €3,654 | €4,798 | +€1,144 | +31.3% |
| Suppliers | 440/4 | €3,654 | €4,798 | +€1,144 | +31.3% |
| Taxes, remuneration and social security | 45 | €16,139 | €24,986 | +€8,847 | +54.8% |
| Taxes | 450/3 | €16,139 | €24,986 | +€8,847 | +54.8% |
| Other amounts payable | 47/48 | €12,705 | €6,952 | -€5,754 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,525 | €4,988 | +€2,463 | +97.5% |
| Gross operating margin | 9900 | €26,998 | €33,140 | +€6,142 | +22.8% |
| Operating profit (loss) | 9901 | €24,472 | €28,152 | +€3,679 | +15.0% |
| Financial income | 75/76B | €153 | €695 | +€542 | +355% |
| Recurring financial income | 75 | €153 | €695 | +€542 | +355% |
| Financial charges | 65/66B | €768 | €756 | -€12 | -1.5% |
| Recurring financial charges | 65 | €768 | €756 | -€12 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €23,857 | €28,091 | +€4,234 | +17.7% |
| Income taxes | 67/77 | €6,293 | €6,968 | +€675 | +10.7% |
| Profit (loss) for the period | 9904 | €17,564 | €21,123 | +€3,559 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,564 | €21,123 | +€3,559 | +20.3% |
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 20 October 2026 via checked.be.