Salaam Group: 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.
Salaam Group
Largest movements
- Receivables within one year +€79,368
up €79,368 (+43.6%), from €182,173 to €261,541
of which Trade receivables: +€79,156
- Cash +€21,095
up €21,095 (+233%), from €9,049 to €30,144
mainly Net result for the year (+€47,702) and Advances received (+€40,960)
- Profit (loss) carried forward +€47,702
up €47,702 (+67.7%), from -€70,488 to -€22,787
- Advances received +€40,960
up €40,960 (+67.3%), from €60,861 to €101,821
- Other debts +€4,198
up €4,198 (+18.8%), from €22,334 to €26,532
- Trade debts +€3,333
up €3,333 (+1.9%), from €176,047 to €179,381
- Gross operating margin +€135,471
up €135,471, from -€38,689 to €96,782
- Staff costs +€14,957
up €14,957 (+54.4%), from €27,505 to €42,462
- Other operating charges +€2,926
up €2,926 (+145%), from €2,018 to €4,944
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,695 | €298,058 | +€98,363 | +49.3% |
| Fixed assets | 21/28 | €8,473 | €6,373 | -€2,100 | -24.8% |
| Tangible fixed assets | 22/27 | €8,473 | €6,373 | -€2,100 | -24.8% |
| Plant, machinery and equipment | 23 | €3,721 | €2,721 | -€1,000 | -26.9% |
| Furniture and vehicles | 24 | €4,753 | €3,653 | -€1,100 | -23.1% |
| Current assets | 29/58 | €191,222 | €291,685 | +€100,463 | +52.5% |
| Amounts receivable within one year | 40/41 | €182,173 | €261,541 | +€79,368 | +43.6% |
| Trade receivables | 40 | €178,950 | €258,106 | +€79,156 | +44.2% |
| Other amounts receivable | 41 | €3,222 | €3,435 | +€213 | +6.6% |
| Cash at bank and in hand | 54/58 | €9,049 | €30,144 | +€21,095 | +233% |
| Total equity and liabilities | 10/49 | €199,695 | €298,058 | +€98,363 | +49.3% |
| Equity | 10/15 | -€65,488 | -€17,787 | +€47,702 | +72.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,488 | -€22,787 | +€47,702 | +67.7% |
| Amounts payable | 17/49 | €265,183 | €315,845 | +€50,662 | +19.1% |
| Amounts payable within one year | 42/48 | €265,183 | €315,845 | +€50,662 | +19.1% |
| Trade debts | 44 | €176,047 | €179,381 | +€3,333 | +1.9% |
| Suppliers | 440/4 | €176,047 | €179,381 | +€3,333 | +1.9% |
| Advances received on contracts in progress | 46 | €60,861 | €101,821 | +€40,960 | +67.3% |
| Taxes, remuneration and social security | 45 | €5,940 | €8,111 | +€2,171 | +36.5% |
| Taxes | 450/3 | - | €1,240 | +€1,240 | |
| Remuneration and social security | 454/9 | €5,940 | €6,870 | +€930 | +15.7% |
| Other amounts payable | 47/48 | €22,334 | €26,532 | +€4,198 | +18.8% |
| Remuneration, social security and pensions | 62 | €27,505 | €42,462 | +€14,957 | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €2,100 | +€73 | +3.6% |
| Other operating charges | 640/8 | €2,018 | €4,944 | +€2,926 | +145% |
| Gross operating margin | 9900 | -€38,689 | €96,782 | +€135,471 | |
| Operating profit (loss) | 9901 | -€70,239 | €47,276 | +€117,514 | |
| Financial income | 75/76B | €447 | €604 | +€157 | +35.1% |
| Recurring financial income | 75 | €447 | €604 | +€157 | +35.1% |
| Financial charges | 65/66B | €697 | €177 | -€519 | -74.5% |
| Recurring financial charges | 65 | €697 | €177 | -€519 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,488 | €47,702 | +€118,190 | |
| Profit (loss) for the period | 9904 | -€70,488 | €47,702 | +€118,190 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,488 | €47,702 | +€118,190 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.