S.A.L.T.: 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.
S.A.L.T.
Largest movements
- Tangible fixed assets -€22,564
down €22,564 (-18.3%), from €123,619 to €101,055
- Receivables within one year -€3,405
down €3,405 (-99.9%), from €3,407 to €2
of which Trade receivables: -€3,407
- Debts after one year -€16,185
down €16,185 (-23.8%), from €68,047 to €51,862
- Tax, wage and social debts -€5,192
down €5,192 (-31.9%), from €16,268 to €11,076
of which Remuneration and social security: -€4,993
- Current portion of long-term debt -€4,159
down €4,159 (-20.4%), from €20,344 to €16,185
- Accrued charges and deferred income -€2,954
down €2,954 (-100%), from €2,954 to €0
- Other debts +€2,510
up €2,510 (+173%), from €1,453 to €3,963
- Gross operating margin +€11,354
up €11,354 (+22.4%), from €50,630 to €61,984
- Staff costs -€8,381
down €8,381 (-21.0%), from €39,850 to €31,469
- Depreciation +€1,078
up €1,078 (+4.7%), from €23,003 to €24,081
- Financial charges -€765
down €765 (-14.3%), from €5,348 to €4,583
- Other operating charges -€633
down €633 (-48.7%), from €1,301 to €668
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 | €149,807 | €122,455 | -€27,351 | -18.3% |
| Fixed assets | 21/28 | €123,619 | €101,055 | -€22,564 | -18.3% |
| Tangible fixed assets | 22/27 | €123,619 | €101,055 | -€22,564 | -18.3% |
| Plant, machinery and equipment | 23 | €59,557 | €50,476 | -€9,081 | -15.2% |
| Furniture and vehicles | 24 | €11,010 | €8,997 | -€2,013 | -18.3% |
| Leasing and similar rights | 25 | €30,115 | €22,190 | -€7,925 | -26.3% |
| Other tangible fixed assets | 26 | €22,938 | €19,393 | -€3,545 | -15.5% |
| Current assets | 29/58 | €26,187 | €21,400 | -€4,788 | -18.3% |
| Stocks and contracts in progress | 3 | €16,197 | €15,972 | -€225 | -1.4% |
| Stocks | 30/36 | €16,197 | €15,972 | -€225 | -1.4% |
| Amounts receivable within one year | 40/41 | €3,407 | €2 | -€3,405 | -99.9% |
| Trade receivables | 40 | €3,407 | €0 | -€3,407 | -100% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €3,216 | €2,121 | -€1,095 | -34.0% |
| Deferred charges and accrued income | 490/1 | €3,367 | €3,304 | -€63 | -1.9% |
| Total equity and liabilities | 10/49 | €149,807 | €122,455 | -€27,351 | -18.3% |
| Equity | 10/15 | €24,261 | €24,503 | +€242 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,697 | €19,059 | -€1,639 | -7.9% |
| Non-distributable reserves | 130/1 | €42 | €42 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42 | €42 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,584 | €9,946 | -€1,639 | -14.1% |
| Distributable reserves | 133 | €9,071 | €9,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,036 | -€13,156 | +€1,880 | +12.5% |
| Provisions and deferred taxes | 16 | €2,896 | €2,487 | -€410 | -14.1% |
| Deferred taxes | 168 | €2,896 | €2,487 | -€410 | -14.1% |
| Amounts payable | 17/49 | €122,650 | €95,466 | -€27,184 | -22.2% |
| Amounts payable after more than one year | 17 | €68,047 | €51,862 | -€16,185 | -23.8% |
| Financial debts | 170/4 | €68,047 | €51,862 | -€16,185 | -23.8% |
| Amounts payable within one year | 42/48 | €51,648 | €43,604 | -€8,044 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €20,344 | €16,185 | -€4,159 | -20.4% |
| Trade debts | 44 | €6,302 | €5,831 | -€471 | -7.5% |
| Suppliers | 440/4 | €6,302 | €5,831 | -€471 | -7.5% |
| Advances received on contracts in progress | 46 | €7,280 | €6,549 | -€732 | -10.1% |
| Taxes, remuneration and social security | 45 | €16,268 | €11,076 | -€5,192 | -31.9% |
| Taxes | 450/3 | €7,672 | €7,472 | -€199 | -2.6% |
| Remuneration and social security | 454/9 | €8,596 | €3,604 | -€4,993 | -58.1% |
| Other amounts payable | 47/48 | €1,453 | €3,963 | +€2,510 | +173% |
| Accrued charges and deferred income | 492/3 | €2,954 | €0 | -€2,954 | -100% |
| Remuneration, social security and pensions | 62 | €39,850 | €31,469 | -€8,381 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,003 | €24,081 | +€1,078 | +4.7% |
| Other operating charges | 640/8 | €1,301 | €668 | -€633 | -48.7% |
| Non-recurring operating charges | 66A | - | €1,033 | +€1,033 | |
| Gross operating margin | 9900 | €50,630 | €61,984 | +€11,354 | +22.4% |
| Operating profit (loss) | 9901 | -€13,524 | €4,733 | +€18,257 | |
| Financial income | 75/76B | €101 | €31 | -€70 | -69.2% |
| Recurring financial income | 75 | €101 | €31 | -€70 | -69.2% |
| Financial charges | 65/66B | €5,348 | €4,583 | -€765 | -14.3% |
| Recurring financial charges | 65 | €5,348 | €4,583 | -€765 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,771 | €181 | +€18,953 | |
| Transfer from deferred taxes | 780 | €410 | €410 | = | 0.0% |
| Income taxes | 67/77 | €350 | €349 | -€1 | -0.2% |
| Profit (loss) for the period | 9904 | -€18,712 | €242 | +€18,954 | |
| Transfer from tax-exempt reserves | 789 | €1,639 | €1,639 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,073 | €1,880 | +€18,954 |
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 27 October 2026 via checked.be.