SALAMANDRE: 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.
SALAMANDRE
Largest movements
- Receivables within one year +€58,367
up €58,367 (+80.2%), from €72,746 to €131,113
of which Other amounts receivable: +€54,028
- Cash -€5,402
down €5,402 (-33.0%), from €16,373 to €10,971
mainly Receivables within one year (-€58,367) and Investment in fixed assets (net) (-€4,168)
- Tangible fixed assets +€2,043
up €2,043 (+66.2%), from €3,085 to €5,128
- Profit (loss) carried forward +€35,345
up €35,345 (+62.5%), from €56,577 to €91,922
- Tax, wage and social debts +€16,773
up €16,773 (+236%), from €7,098 to €23,871
- Gross operating margin +€11,114
up €11,114 (+29.1%), from €38,189 to €49,303
- Financial charges -€4,807
down €4,807 (-79.3%), from €6,063 to €1,256
- Taxes +€2,722
up €2,722 (+38.9%), from €6,996 to €9,718
- Staff costs -€1,658
no longer reported in 2025 (was €1,658)
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 | €102,409 | €156,339 | +€53,930 | +52.7% |
| Fixed assets | 21/28 | €12,512 | €14,255 | +€1,743 | +13.9% |
| Intangible fixed assets | 21 | €1,327 | €1,027 | -€300 | -22.6% |
| Tangible fixed assets | 22/27 | €3,085 | €5,128 | +€2,043 | +66.2% |
| Furniture and vehicles | 24 | €3,085 | €5,128 | +€2,043 | +66.2% |
| Financial fixed assets | 28 | €8,100 | €8,100 | = | 0.0% |
| Current assets | 29/58 | €89,897 | €142,084 | +€52,187 | +58.1% |
| Amounts receivable within one year | 40/41 | €72,746 | €131,113 | +€58,367 | +80.2% |
| Trade receivables | 40 | - | €4,339 | +€4,339 | |
| Other amounts receivable | 41 | €72,746 | €126,774 | +€54,028 | +74.3% |
| Cash at bank and in hand | 54/58 | €16,373 | €10,971 | -€5,402 | -33.0% |
| Deferred charges and accrued income | 490/1 | €778 | - | -€778 | |
| Total equity and liabilities | 10/49 | €102,409 | €156,339 | +€53,930 | +52.7% |
| Equity | 10/15 | €80,077 | €115,422 | +€35,345 | +44.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,577 | €91,922 | +€35,345 | +62.5% |
| Amounts payable | 17/49 | €22,332 | €40,917 | +€18,585 | +83.2% |
| Amounts payable within one year | 42/48 | €22,332 | €40,917 | +€18,585 | +83.2% |
| Trade debts | 44 | €7,214 | €8,543 | +€1,329 | +18.4% |
| Suppliers | 440/4 | €5,313 | €8,543 | +€3,230 | +60.8% |
| Bills of exchange payable | 441 | €1,901 | - | -€1,901 | |
| Taxes, remuneration and social security | 45 | €7,098 | €23,871 | +€16,773 | +236% |
| Taxes | 450/3 | €7,098 | €23,871 | +€16,773 | +236% |
| Other amounts payable | 47/48 | €8,020 | €8,503 | +€483 | +6.0% |
| Remuneration, social security and pensions | 62 | €1,658 | - | -€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,986 | €2,425 | +€439 | +22.1% |
| Other operating charges | 640/8 | €782 | €559 | -€223 | -28.5% |
| Gross operating margin | 9900 | €38,189 | €49,303 | +€11,114 | +29.1% |
| Operating profit (loss) | 9901 | €33,763 | €46,319 | +€12,556 | +37.2% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €6,063 | €1,256 | -€4,807 | -79.3% |
| Recurring financial charges | 65 | €6,063 | €1,256 | -€4,807 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €27,713 | €45,063 | +€17,350 | +62.6% |
| Income taxes | 67/77 | €6,996 | €9,718 | +€2,722 | +38.9% |
| Profit (loss) for the period | 9904 | €20,717 | €35,345 | +€14,628 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,717 | €35,345 | +€14,628 | +70.6% |
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.