SALAMONE MADISON: 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.
SALAMONE MADISON
Largest movements
- Tangible fixed assets -€53,693
down €53,693 (-85.5%), from €62,809 to €9,115
of which Furniture and vehicles: -€53,267
- Cash -€20,009
down €20,009 (-38.7%), from €51,640 to €31,631
mainly Debts after one year (-€42,712) and Current portion of long-term debt (-€11,277)
- Receivables within one year +€9,197
up €9,197 (+146%), from €6,321 to €15,518
of which Trade receivables: +€7,114
- Debts after one year -€42,712
no longer reported in 2025 (was €42,712)
- Current portion of long-term debt -€11,277
no longer reported in 2025 (was €11,277)
- Tax, wage and social debts -€11,141
down €11,141 (-90.5%), from €12,306 to €1,165
of which Taxes: -€11,686
- Gross operating margin -€41,966
down €41,966 (-56.0%), from €74,903 to €32,937
- Other operating charges +€23,435
new in 2025: €23,435
- Taxes -€11,712
down €11,712 (-95.2%), from €12,299 to €587
- Depreciation -€9,591
down €9,591 (-76.7%), from €12,499 to €2,908
- Financial charges +€2,509
up €2,509 (+114%), from €2,208 to €4,717
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 | €121,239 | €57,168 | -€64,072 | -52.8% |
| Fixed assets | 21/28 | €62,869 | €9,175 | -€53,693 | -85.4% |
| Tangible fixed assets | 22/27 | €62,809 | €9,115 | -€53,693 | -85.5% |
| Plant, machinery and equipment | 23 | €1,824 | €1,398 | -€427 | -23.4% |
| Furniture and vehicles | 24 | €60,984 | €7,718 | -€53,267 | -87.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €58,371 | €47,992 | -€10,378 | -17.8% |
| Stocks and contracts in progress | 3 | - | €567 | +€567 | |
| Stocks | 30/36 | - | €567 | +€567 | |
| Amounts receivable within one year | 40/41 | €6,321 | €15,518 | +€9,197 | +146% |
| Trade receivables | 40 | - | €7,114 | +€7,114 | |
| Other amounts receivable | 41 | €6,321 | €8,404 | +€2,083 | +33.0% |
| Cash at bank and in hand | 54/58 | €51,640 | €31,631 | -€20,009 | -38.7% |
| Deferred charges and accrued income | 490/1 | €411 | €277 | -€134 | -32.6% |
| Total equity and liabilities | 10/49 | €121,239 | €57,168 | -€64,072 | -52.8% |
| Equity | 10/15 | €51,896 | €52,843 | +€948 | +1.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,896 | €48,843 | +€948 | +2.0% |
| Amounts payable | 17/49 | €69,344 | €4,325 | -€65,019 | -93.8% |
| Amounts payable after more than one year | 17 | €42,712 | - | -€42,712 | |
| Financial debts | 170/4 | €42,712 | - | -€42,712 | |
| Amounts payable within one year | 42/48 | €26,632 | €4,325 | -€22,307 | -83.8% |
| Current portion of amounts payable after more than one year | 42 | €11,277 | - | -€11,277 | |
| Trade debts | 44 | €2,624 | €3,160 | +€536 | +20.4% |
| Suppliers | 440/4 | €2,624 | €3,160 | +€536 | +20.4% |
| Advances received on contracts in progress | 46 | €425 | - | -€425 | |
| Taxes, remuneration and social security | 45 | €12,306 | €1,165 | -€11,141 | -90.5% |
| Taxes | 450/3 | €12,306 | €620 | -€11,686 | -95.0% |
| Remuneration and social security | 454/9 | - | €544 | +€544 | |
| Remuneration, social security and pensions | 62 | - | €544 | +€544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,499 | €2,908 | -€9,591 | -76.7% |
| Other operating charges | 640/8 | - | €23,435 | +€23,435 | |
| Gross operating margin | 9900 | €74,903 | €32,937 | -€41,966 | -56.0% |
| Operating profit (loss) | 9901 | €62,403 | €6,049 | -€56,354 | -90.3% |
| Financial income | 75/76B | - | €203 | +€203 | |
| Recurring financial income | 75 | - | €203 | +€203 | |
| Financial charges | 65/66B | €2,208 | €4,717 | +€2,509 | +114% |
| Recurring financial charges | 65 | €2,208 | €4,717 | +€2,509 | +114% |
| Profit (loss) for the period before taxes | 9903 | €60,195 | €1,535 | -€58,660 | -97.5% |
| Income taxes | 67/77 | €12,299 | €587 | -€11,712 | -95.2% |
| Profit (loss) for the period | 9904 | €47,896 | €948 | -€46,948 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,896 | €948 | -€46,948 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.