Salaco: what changed
Two fiscal 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.
Salaco
Largest movements
- Receivables within one year -€43,661
down €43,661 (-50.6%), from €86,335 to €42,673
of which Trade receivables: -€68,400
- Current investments +€43,000
up €43,000 (+2.6%), from €1.7m to €1.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€100,525
down €100,525 (-42.1%), from €238,639 to €138,114
- Gross operating margin +€96,208
up €96,208 (+106.7%), from €90,153 to €186,361
- Staff costs +€94,483
up €94,483 (+62.0%), from €152,379 to €246,862
- Taxes -€24,179
down €24,179 (-86.2%), from €28,048 to €3,869
- Financial charges -€9,225
down €9,225 (-12.1%), from €76,283 to €67,058
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.
Cash bridge derived
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 | €2,995,195 | €3,005,120 | +€9,925 | +0.3% |
| Fixed assets | 21/28 | €905,418 | €902,855 | -€2,563 | -0.3% |
| Tangible fixed assets | 22/27 | €3,878 | €2,815 | -€1,063 | -27.4% |
| Furniture and vehicles | 24 | €3,878 | €2,815 | -€1,063 | -27.4% |
| Financial fixed assets | 28 | €901,540 | €900,040 | -€1,500 | -0.2% |
| Current assets | 29/58 | €2,089,777 | €2,102,265 | +€12,489 | +0.6% |
| Amounts receivable within one year | 40/41 | €86,335 | €42,673 | -€43,661 | -50.6% |
| Trade receivables | 40 | €76,843 | €8,444 | -€68,400 | -89.0% |
| Other amounts receivable | 41 | €9,491 | €34,230 | +€24,738 | +260.6% |
| Current investments | 50/53 | €1,661,317 | €1,704,317 | +€43,000 | +2.6% |
| Cash at bank and in hand | 54/58 | €272,759 | €268,172 | -€4,588 | -1.7% |
| Deferred charges and accrued income | 490/1 | €69,366 | €87,104 | +€17,738 | +25.6% |
| Total equity and liabilities | 10/49 | €2,995,195 | €3,005,120 | +€9,925 | +0.3% |
| Equity | 10/15 | €1,857,736 | €1,862,361 | +€4,625 | +0.2% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €140,496 | €140,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140,000 | €140,000 | = | 0.0% |
| Legal reserve | 130 | €140,000 | €140,000 | = | 0.0% |
| Distributable reserves | 133 | €496 | €496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €317,240 | €321,865 | +€4,625 | +1.5% |
| Amounts payable | 17/49 | €1,137,459 | €1,142,759 | +€5,300 | +0.5% |
| Amounts payable within one year | 42/48 | €1,077,592 | €1,086,395 | +€8,803 | +0.8% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €31,966 | €28,127 | -€3,838 | -12.0% |
| Suppliers | 440/4 | €31,966 | €28,127 | -€3,838 | -12.0% |
| Taxes, remuneration and social security | 45 | €44,387 | €57,734 | +€13,347 | +30.1% |
| Taxes | 450/3 | €16,053 | €18,893 | +€2,840 | +17.7% |
| Remuneration and social security | 454/9 | €28,334 | €38,840 | +€10,506 | +37.1% |
| Other amounts payable | 47/48 | €1,001,230 | €1,000,534 | -€696 | -0.1% |
| Accrued charges and deferred income | 492/3 | €59,867 | €56,364 | -€3,503 | -5.9% |
| Remuneration, social security and pensions | 62 | €152,379 | €246,862 | +€94,483 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €1,063 | +€270 | +34.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €227 | - | -€227 | |
| Gross operating margin | 9900 | €90,153 | €186,361 | +€96,208 | +106.7% |
| Operating profit (loss) | 9901 | -€64,214 | -€62,562 | +€1,652 | +2.6% |
| Financial income | 75/76B | €238,639 | €138,114 | -€100,525 | -42.1% |
| Recurring financial income | 75 | €238,639 | €138,114 | -€100,525 | -42.1% |
| Financial charges | 65/66B | €76,283 | €67,058 | -€9,225 | -12.1% |
| Recurring financial charges | 65 | €76,283 | €67,058 | -€9,225 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €98,142 | €8,494 | -€89,648 | -91.3% |
| Income taxes | 67/77 | €28,048 | €3,869 | -€24,179 | -86.2% |
| Profit (loss) for the period | 9904 | €70,094 | €4,625 | -€65,469 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,094 | €4,625 | -€65,469 | -93.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.