SALAISONS THOMAS: 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.
What changed
SALAISONS THOMAS
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€190,261
2024 · €203,513-€13,252
Equity
€1.3m
2024 · €1.1m+€187,117
Cash
€1.0m
2024 · €833,326+€188,733
Balance sheet total
€3.6m
2024 · €2.6m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€825,136
up €825,136 (+64.2%), from €1.3m to €2.1m
of which Land and buildings: +€672,818
- Cash +€188,733
up €188,733 (+22.6%), from €833,326 to €1.0m
mainly Debts after one year (+€794,359) and Depreciation (+€230,252)
Equity and liabilities
- Debts after one year +€794,359
up €794,359 (+104%), from €762,604 to €1.6m
of which Trade debts: +€721,581
- Profit (loss) carried forward +€190,261
up €190,261 (+30.9%), from €614,912 to €805,173
- Current portion of long-term debt +€87,752
up €87,752 (+64.5%), from €135,999 to €223,751
Income statement
- Gross operating margin +€67,981
up €67,981 (+7.5%), from €908,016 to €975,997
- Staff costs +€64,353
up €64,353 (+15.6%), from €412,725 to €477,078
- Depreciation +€47,926
up €47,926 (+26.3%), from €182,326 to €230,252
- Taxes -€37,650
down €37,650 (-52.8%), from €71,313 to €33,663
- Financial charges +€14,025
up €14,025 (+52.6%), from €26,662 to €40,687
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.
Result 2024
€203,513
Gross operating margin
+€67,981
Staff costs
-€64,353
Depreciation
-€47,926
Other operating charges
+€144
Other operating items
-€208
Financial income
+€7,485
Financial charges
-€14,025
Taxes
+€37,650
Result 2025
€190,261
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€365,154
Investment
-€1.1m
Financing
+€878,967
Cash 2024
€833,326
From operations (derived)
+€365,154
Net result for the year
+€190,261
Depreciation
+€230,252
Stocks and contracts
-€4,501
Receivables within one year
-€32,851
Smaller working-capital items
-€2,222
Trade debts
+€7,897
Tax, wage and social debts
-€13,057
Accrued charges and deferred income
-€10,625
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€878,967
Debts after one year
+€794,359
Current portion of long-term debt
+€87,752
Contributions, distributions and other
-€3,144
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,552,023 | €3,605,716 | +€1.1m | +41.3% |
| Fixed assets | 21/28 | €1,284,282 | €2,109,418 | +€825,136 | +64.2% |
| Tangible fixed assets | 22/27 | €1,284,282 | €2,109,418 | +€825,136 | +64.2% |
| Land and buildings | 22 | €912,662 | €1,585,480 | +€672,818 | +73.7% |
| Plant, machinery and equipment | 23 | €305,377 | €305,139 | -€238 | -0.1% |
| Furniture and vehicles | 24 | €66,243 | €88,909 | +€22,666 | +34.2% |
| Leasing and similar rights | 25 | - | €129,890 | +€129,890 | |
| Current assets | 29/58 | €1,267,741 | €1,496,298 | +€228,557 | +18.0% |
| Stocks and contracts in progress | 3 | €114,743 | €119,244 | +€4,501 | +3.9% |
| Stocks | 30/36 | €114,743 | €119,244 | +€4,501 | +3.9% |
| Amounts receivable within one year | 40/41 | €313,579 | €346,430 | +€32,851 | +10.5% |
| Trade receivables | 40 | €308,294 | €335,794 | +€27,500 | +8.9% |
| Other amounts receivable | 41 | €5,285 | €10,636 | +€5,351 | +101% |
| Cash at bank and in hand | 54/58 | €833,326 | €1,022,059 | +€188,733 | +22.6% |
| Deferred charges and accrued income | 490/1 | €6,093 | €8,565 | +€2,472 | +40.6% |
| Total equity and liabilities | 10/49 | €2,552,023 | €3,605,716 | +€1.1m | +41.3% |
| Equity | 10/15 | €1,065,812 | €1,252,929 | +€187,117 | +17.6% |
| Contributions | 10/11 | €324,991 | €324,991 | = | 0.0% |
| Capital | 10 | €324,991 | €324,991 | = | 0.0% |
| Issued capital | 100 | €324,991 | €324,991 | = | 0.0% |
| Reserves | 13 | €37,397 | €37,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,397 | €37,397 | = | 0.0% |
| Legal reserve | 130 | €37,397 | €37,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €614,912 | €805,173 | +€190,261 | +30.9% |
| Investment grants | 15 | €88,512 | €85,368 | -€3,144 | -3.6% |
| Amounts payable | 17/49 | €1,486,211 | €2,352,787 | +€866,576 | +58.3% |
| Amounts payable after more than one year | 17 | €762,604 | €1,556,963 | +€794,359 | +104% |
| Financial debts | 170/4 | €10,698 | €68,719 | +€58,021 | +542% |
| Trade debts | 175 | €734,898 | €1,456,479 | +€721,581 | +98.2% |
| Other amounts payable | 178/9 | €17,008 | €31,765 | +€14,757 | +86.8% |
| Amounts payable within one year | 42/48 | €692,537 | €775,379 | +€82,842 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €135,999 | €223,751 | +€87,752 | +64.5% |
| Trade debts | 44 | €196,293 | €204,190 | +€7,897 | +4.0% |
| Suppliers | 440/4 | €196,293 | €204,190 | +€7,897 | +4.0% |
| Taxes, remuneration and social security | 45 | €68,913 | €55,856 | -€13,057 | -18.9% |
| Taxes | 450/3 | €22,567 | €348 | -€22,219 | -98.5% |
| Remuneration and social security | 454/9 | €46,346 | €55,508 | +€9,162 | +19.8% |
| Other amounts payable | 47/48 | €291,332 | €291,582 | +€250 | +0.1% |
| Accrued charges and deferred income | 492/3 | €31,070 | €20,445 | -€10,625 | -34.2% |
| Remuneration, social security and pensions | 62 | €412,725 | €477,078 | +€64,353 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,326 | €230,252 | +€47,926 | +26.3% |
| Other operating charges | 640/8 | €15,744 | €15,600 | -€144 | -0.9% |
| Non-recurring operating charges | 66A | €125 | €333 | +€208 | +166% |
| Gross operating margin | 9900 | €908,016 | €975,997 | +€67,981 | +7.5% |
| Operating profit (loss) | 9901 | €297,096 | €252,734 | -€44,362 | -14.9% |
| Financial income | 75/76B | €4,392 | €11,877 | +€7,485 | +170% |
| Recurring financial income | 75 | €4,392 | €11,877 | +€7,485 | +170% |
| Financial charges | 65/66B | €26,662 | €40,687 | +€14,025 | +52.6% |
| Recurring financial charges | 65 | €26,662 | €40,687 | +€14,025 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €274,826 | €223,924 | -€50,902 | -18.5% |
| Income taxes | 67/77 | €71,313 | €33,663 | -€37,650 | -52.8% |
| Profit (loss) for the period | 9904 | €203,513 | €190,261 | -€13,252 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €203,513 | €190,261 | -€13,252 | -6.5% |
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 15 October 2026 via checked.be.