MEHDI SALMI: 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.
MEHDI SALMI
Largest movements
- Cash +€36,960
up €36,960 (+189%), from €19,559 to €56,518
mainly Other debts (+€21,000) and Net result for the year (+€20,181)
- Receivables after one year -€8,000
no longer reported in 2025 (was €8,000)
- Receivables within one year -€1,575
down €1,575 (-4.0%), from €38,971 to €37,396
of which Other amounts receivable: -€8,279
- Profit (loss) carried forward -€21,000
down €21,000 (-34.4%), from €61,095 to €40,095
- Other debts +€21,000
new in 2025: €21,000
- Reserves +€20,181
up €20,181 (+1,085%), from €1,860 to €22,041
- Tax, wage and social debts +€7,431
up €7,431 (+88.1%), from €8,434 to €15,865
- Trade debts -€1,564
down €1,564 (-63.9%), from €2,447 to €882
- Gross operating margin +€30,337
up €30,337 (+650%), from €4,664 to €35,001
- Taxes +€8,919
up €8,919 (+736%), from €1,212 to €10,130
- Other operating charges -€2,711
down €2,711 (-76.2%), from €3,559 to €848
- Financial charges +€398
up €398 (+30.8%), from €1,293 to €1,691
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 | €80,681 | €106,729 | +€26,047 | +32.3% |
| Fixed assets | 21/28 | €10,746 | €10,416 | -€330 | -3.1% |
| Tangible fixed assets | 22/27 | €10,746 | €10,416 | -€330 | -3.1% |
| Plant, machinery and equipment | 23 | €1,226 | €1,984 | +€758 | +61.8% |
| Furniture and vehicles | 24 | €2,254 | €1,166 | -€1,088 | -48.3% |
| Other tangible fixed assets | 26 | €7,265 | €7,265 | = | 0.0% |
| Current assets | 29/58 | €69,935 | €96,313 | +€26,378 | +37.7% |
| Amounts receivable after more than one year | 29 | €8,000 | - | -€8,000 | |
| Trade receivables | 290 | €8,000 | - | -€8,000 | |
| Amounts receivable within one year | 40/41 | €38,971 | €37,396 | -€1,575 | -4.0% |
| Trade receivables | 40 | €30,177 | €36,881 | +€6,703 | +22.2% |
| Other amounts receivable | 41 | €8,794 | €515 | -€8,279 | -94.1% |
| Cash at bank and in hand | 54/58 | €19,559 | €56,518 | +€36,960 | +189% |
| Deferred charges and accrued income | 490/1 | €3,405 | €2,399 | -€1,007 | -29.6% |
| Total equity and liabilities | 10/49 | €80,681 | €106,729 | +€26,047 | +32.3% |
| Equity | 10/15 | €69,220 | €68,401 | -€819 | -1.2% |
| Contributions | 10/11 | €6,265 | €6,265 | = | 0.0% |
| Reserves | 13 | €1,860 | €22,041 | +€20,181 | +1,085% |
| Distributable reserves | 133 | €1,860 | €22,041 | +€20,181 | +1,085% |
| Profit (loss) carried forward | 14 | €61,095 | €40,095 | -€21,000 | -34.4% |
| Amounts payable | 17/49 | €11,461 | €38,327 | +€26,867 | +234% |
| Amounts payable within one year | 42/48 | €10,881 | €37,747 | +€26,867 | +247% |
| Trade debts | 44 | €2,447 | €882 | -€1,564 | -63.9% |
| Suppliers | 440/4 | €2,447 | €882 | -€1,564 | -63.9% |
| Taxes, remuneration and social security | 45 | €8,434 | €15,865 | +€7,431 | +88.1% |
| Taxes | 450/3 | €8,434 | €15,865 | +€7,431 | +88.1% |
| Other amounts payable | 47/48 | - | €21,000 | +€21,000 | |
| Accrued charges and deferred income | 492/3 | €580 | €580 | = | 0.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,280 | €2,230 | -€50 | -2.2% |
| Other operating charges | 640/8 | €3,559 | €848 | -€2,711 | -76.2% |
| Gross operating margin | 9900 | €4,664 | €35,001 | +€30,337 | +650% |
| Operating profit (loss) | 9901 | -€1,175 | €31,923 | +€33,098 | |
| Financial income | 75/76B | €316 | €80 | -€236 | -74.7% |
| Recurring financial income | 75 | €316 | €80 | -€236 | -74.7% |
| Financial charges | 65/66B | €1,293 | €1,691 | +€398 | +30.8% |
| Recurring financial charges | 65 | €1,293 | €1,691 | +€398 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,152 | €30,311 | +€32,463 | |
| Income taxes | 67/77 | €1,212 | €10,130 | +€8,919 | +736% |
| Profit (loss) for the period | 9904 | -€3,364 | €20,181 | +€23,545 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,364 | €20,181 | +€23,545 |
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.