Sal i Mar: 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.
Sal i Mar
Largest movements
- Cash +€41,107
up €41,107 (+133%), from €30,895 to €72,001
mainly Net result for the year (+€43,353) and Trade debts (+€2,189)
- Receivables within one year +€2,390
up €2,390 (+16.8%), from €14,250 to €16,639
of which Trade receivables: +€1,611
- Deferred charges and accrued income +€2,089
up €2,089 (+141%), from €1,477 to €3,566
- Reserves +€43,353
up €43,353 (+105%), from €41,177 to €84,530
- Trade debts +€2,189
up €2,189 (+180%), from €1,217 to €3,406
- Gross operating margin +€8,718
up €8,718 (+17.8%), from €48,848 to €57,566
- Taxes -€769
down €769 (-6.0%), from €12,733 to €11,963
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 | €48,891 | €94,193 | +€45,302 | +92.7% |
| Fixed assets | 21/28 | €2,270 | €1,987 | -€283 | -12.5% |
| Tangible fixed assets | 22/27 | €2,270 | €1,987 | -€283 | -12.5% |
| Furniture and vehicles | 24 | €2,270 | €1,987 | -€283 | -12.5% |
| Current assets | 29/58 | €46,621 | €92,207 | +€45,586 | +97.8% |
| Amounts receivable within one year | 40/41 | €14,250 | €16,639 | +€2,390 | +16.8% |
| Trade receivables | 40 | €10,890 | €12,501 | +€1,611 | +14.8% |
| Other amounts receivable | 41 | €3,360 | €4,139 | +€779 | +23.2% |
| Cash at bank and in hand | 54/58 | €30,895 | €72,001 | +€41,107 | +133% |
| Deferred charges and accrued income | 490/1 | €1,477 | €3,566 | +€2,089 | +141% |
| Total equity and liabilities | 10/49 | €48,891 | €94,193 | +€45,302 | +92.7% |
| Equity | 10/15 | €44,677 | €88,030 | +€43,353 | +97.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €41,177 | €84,530 | +€43,353 | +105% |
| Distributable reserves | 133 | €41,177 | €84,530 | +€43,353 | +105% |
| Amounts payable | 17/49 | €4,215 | €6,164 | +€1,949 | +46.2% |
| Amounts payable within one year | 42/48 | €4,215 | €6,164 | +€1,949 | +46.2% |
| Financial debts | 43 | €258 | €0 | -€258 | -100% |
| Credit institutions | 430/8 | €258 | €0 | -€258 | -100% |
| Trade debts | 44 | €1,217 | €3,406 | +€2,189 | +180% |
| Suppliers | 440/4 | €1,217 | €3,406 | +€2,189 | +180% |
| Taxes, remuneration and social security | 45 | €2,739 | €2,757 | +€18 | +0.7% |
| Taxes | 450/3 | €2,739 | €2,757 | +€18 | +0.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,137 | €1,316 | +€179 | +15.8% |
| Other operating charges | 640/8 | €987 | €1,111 | +€124 | +12.5% |
| Gross operating margin | 9900 | €48,848 | €57,566 | +€8,718 | +17.8% |
| Operating profit (loss) | 9901 | €46,724 | €55,139 | +€8,415 | +18.0% |
| Financial income | 75/76B | €105 | €261 | +€156 | +149% |
| Recurring financial income | 75 | €105 | €261 | +€156 | +149% |
| Financial charges | 65/66B | €34 | €84 | +€50 | +149% |
| Recurring financial charges | 65 | €34 | €84 | +€50 | +149% |
| Profit (loss) for the period before taxes | 9903 | €46,795 | €55,316 | +€8,521 | +18.2% |
| Income taxes | 67/77 | €12,733 | €11,963 | -€769 | -6.0% |
| Profit (loss) for the period | 9904 | €34,062 | €43,353 | +€9,291 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,062 | €43,353 | +€9,291 | +27.3% |
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 26 October 2026 via checked.be.