RIF SALAM: 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.
RIF SALAM
Largest movements
- Cash +€12,962
up €12,962 (+13.0%), from €99,937 to €112,898
mainly Net result for the year (+€24,679) and Tax, wage and social debts (+€18,714)
- Tangible fixed assets +€12,649
up €12,649 (+42.5%), from €29,746 to €42,395
of which Furniture and vehicles: +€24,173
- Stocks and contracts +€11,920
up €11,920 (+230%), from €5,175 to €17,095
- Profit (loss) carried forward +€24,679
up €24,679 (+20.5%), from €120,538 to €145,217
- Tax, wage and social debts +€18,714
up €18,714 (+92.0%), from €20,340 to €39,054
of which Remuneration and social security: +€22,025
- Trade debts -€3,702
down €3,702 (-9.2%), from €40,199 to €36,497
- Staff costs +€41,998
up €41,998 (+177%), from €23,668 to €65,667
- Gross operating margin -€7,436
down €7,436 (-6.4%), from €117,042 to €109,605
- Depreciation +€5,935
up €5,935 (+62.6%), from €9,475 to €15,410
- Financial income -€3,388
down €3,388 (-74.9%), from €4,523 to €1,135
- Taxes +€2,792
up €2,792 (+5,076%), from €55 to €2,847
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 | €184,076 | €223,767 | +€39,691 | +21.6% |
| Fixed assets | 21/28 | €29,746 | €42,395 | +€12,649 | +42.5% |
| Tangible fixed assets | 22/27 | €29,746 | €42,395 | +€12,649 | +42.5% |
| Plant, machinery and equipment | 23 | €21,937 | €11,100 | -€10,837 | -49.4% |
| Furniture and vehicles | 24 | €1,255 | €25,428 | +€24,173 | +1,927% |
| Other tangible fixed assets | 26 | €6,555 | €5,868 | -€687 | -10.5% |
| Current assets | 29/58 | €154,330 | €181,372 | +€27,042 | +17.5% |
| Stocks and contracts in progress | 3 | €5,175 | €17,095 | +€11,920 | +230% |
| Stocks | 30/36 | €5,175 | €17,095 | +€11,920 | +230% |
| Amounts receivable within one year | 40/41 | €49,218 | €51,379 | +€2,160 | +4.4% |
| Trade receivables | 40 | €45,328 | €14,786 | -€30,542 | -67.4% |
| Other amounts receivable | 41 | €3,891 | €36,593 | +€32,702 | +841% |
| Cash at bank and in hand | 54/58 | €99,937 | €112,898 | +€12,962 | +13.0% |
| Total equity and liabilities | 10/49 | €184,076 | €223,767 | +€39,691 | +21.6% |
| Equity | 10/15 | €123,538 | €148,217 | +€24,679 | +20.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,538 | €145,217 | +€24,679 | +20.5% |
| Amounts payable | 17/49 | €60,538 | €75,550 | +€15,012 | +24.8% |
| Amounts payable within one year | 42/48 | €60,538 | €75,550 | +€15,012 | +24.8% |
| Trade debts | 44 | €40,199 | €36,497 | -€3,702 | -9.2% |
| Suppliers | 440/4 | €40,199 | €36,497 | -€3,702 | -9.2% |
| Taxes, remuneration and social security | 45 | €20,340 | €39,054 | +€18,714 | +92.0% |
| Taxes | 450/3 | €16,498 | €13,188 | -€3,310 | -20.1% |
| Remuneration and social security | 454/9 | €3,841 | €25,866 | +€22,025 | +573% |
| Non-recurring operating income | 76A | €1,488 | - | -€1,488 | |
| Remuneration, social security and pensions | 62 | €23,668 | €65,667 | +€41,998 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,475 | €15,410 | +€5,935 | +62.6% |
| Other operating charges | 640/8 | €2,337 | €1,916 | -€421 | -18.0% |
| Non-recurring operating charges | 66A | €1,172 | - | -€1,172 | |
| Gross operating margin | 9900 | €117,042 | €109,605 | -€7,436 | -6.4% |
| Operating profit (loss) | 9901 | €80,389 | €26,612 | -€53,776 | -66.9% |
| Financial income | 75/76B | €4,523 | €1,135 | -€3,388 | -74.9% |
| Recurring financial income | 75 | €4,523 | €1,135 | -€3,388 | -74.9% |
| Financial charges | 65/66B | €2,301 | €222 | -€2,079 | -90.4% |
| Recurring financial charges | 65 | €2,301 | €222 | -€2,079 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €82,611 | €27,526 | -€55,085 | -66.7% |
| Income taxes | 67/77 | €55 | €2,847 | +€2,792 | +5,076% |
| Profit (loss) for the period | 9904 | €82,556 | €24,679 | -€57,877 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,556 | €24,679 | -€57,877 | -70.1% |
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 25 October 2026 via checked.be.