SALAR: 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
SALAR
NACE 82.100, Office administrative and support services
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€420,665
2023 · €950,208-€529,543
Equity
€4.1m
2023 · €3.7m+€420,665
Cash
€8.8m
2023 · €9.9m-€1.1m
Balance sheet total
€19.5m
2023 · €20.4m-€948,030
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-11.4%), from €9.9m to €8.8m
mainly Debts within one year (-€1.4m) and Investment in fixed assets (net) (-€334,236)
- Receivables within one year +€225,668
up €225,668 (+23.1%), from €975,980 to €1.2m
of which Other amounts receivable: +€114,105
Equity and liabilities
- Debts within one year -€1.4m
down €1.4m (-8.2%), from €16.7m to €15.3m
of which Advances received: -€1.4m
- Profit (loss) carried forward +€420,665
up €420,665 (+12.9%), from €3.2m to €3.7m
Income statement
- Gross operating margin -€417,982
down €417,982 (-13.2%), from €3.2m to €2.7m
- Financial charges +€184,459
up €184,459 (+88.4%), from -€208,683 to -€24,224
- Financial income +€39,011
up €39,011 (+43.8%), from €89,032 to €128,043
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.
Result 2023
€950,208
Gross operating margin
-€417,982
Staff costs
+€4,663
Depreciation
-€13,279
Write-downs
+€18,802
Other operating charges
-€21,118
Other operating items
+€44,874
Financial income
+€39,011
Financial charges
-€184,459
Taxes
-€54
Result 2024
€420,665
Cash bridge derived
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.
From operations
-€650,946
Investment
-€481,478
Financing
€0
Cash 2023
€9.9m
From operations (derived)
-€650,946
Net result for the year
+€420,665
Depreciation
+€551,028
Receivables within one year
-€225,668
Deferred charges and accrued income
-€28,276
Provisions
+€4,456
Debts within one year
-€1.4m
Investment (derived)
-€481,478
Investment in fixed assets (net)
-€334,236
Current investments
-€147,241
Cash 2024
€8.8m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,443,972 | €19,495,942 | -€948,030 | -4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,745,129 | €2,528,338 | -€216,792 | -7.9% |
| Intangible fixed assets | 21 | €138,679 | €77,264 | -€61,415 | -44.3% |
| Tangible fixed assets | 22/27 | €2,406,450 | €2,251,074 | -€155,376 | -6.5% |
| Land and buildings | 22 | €838,450 | €762,845 | -€75,606 | -9.0% |
| Plant, machinery and equipment | 23 | €136,117 | €136,195 | +€78 | +0.1% |
| Furniture and vehicles | 24 | €1,431,883 | €1,352,034 | -€79,848 | -5.6% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €17,698,843 | €16,967,604 | -€731,239 | -4.1% |
| Amounts receivable within one year | 40/41 | €975,980 | €1,201,648 | +€225,668 | +23.1% |
| Trade receivables | 40 | €639,969 | €751,532 | +€111,563 | +17.4% |
| Other amounts receivable | 41 | €336,011 | €450,117 | +€114,105 | +34.0% |
| Current investments | 50/53 | €6,788,199 | €6,935,440 | +€147,241 | +2.2% |
| Cash at bank and in hand | 54/58 | €9,902,480 | €8,770,056 | -€1.1m | -11.4% |
| Deferred charges and accrued income | 490/1 | €32,184 | €60,460 | +€28,276 | +87.9% |
| Total equity and liabilities | 10/49 | €20,443,972 | €19,495,942 | -€948,030 | -4.6% |
| Equity | 10/15 | €3,711,468 | €4,132,133 | +€420,665 | +11.3% |
| Reserves | 13 | €462,338 | €462,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,249,130 | €3,669,795 | +€420,665 | +12.9% |
| Provisions and deferred taxes | 16 | €23,377 | €27,833 | +€4,456 | +19.1% |
| Provisions for liabilities and charges | 160/5 | €23,377 | €27,833 | +€4,456 | +19.1% |
| Pensions and similar obligations | 160 | €23,377 | €27,833 | +€4,456 | +19.1% |
| Amounts payable | 17/49 | €16,709,128 | €15,335,976 | -€1.4m | -8.2% |
| Amounts payable within one year | 42/48 | €16,709,128 | €15,335,976 | -€1.4m | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €2,079 | - | -€2,079 | |
| Trade debts | 44 | €291,306 | €156,632 | -€134,674 | -46.2% |
| Suppliers | 440/4 | €291,306 | €156,632 | -€134,674 | -46.2% |
| Advances received on contracts in progress | 46 | €15,815,220 | €14,463,567 | -€1.4m | -8.5% |
| Taxes, remuneration and social security | 45 | €260,228 | €200,941 | -€59,287 | -22.8% |
| Taxes | 450/3 | €74,630 | €4,456 | -€70,174 | -94.0% |
| Remuneration and social security | 454/9 | €185,599 | €196,485 | +€10,887 | +5.9% |
| Non-recurring operating income | 76A | €34,032 | €10,000 | -€24,032 | -70.6% |
| Remuneration, social security and pensions | 62 | €1,805,853 | €1,801,190 | -€4,663 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537,748 | €551,028 | +€13,279 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€18,802 | -€18,802 | |
| Other operating charges | 640/8 | €100,986 | €122,104 | +€21,118 | +20.9% |
| Non-recurring operating charges | 66A | €7,001 | €6,581 | -€420 | -6.0% |
| Gross operating margin | 9900 | €3,157,394 | €2,739,412 | -€417,982 | -13.2% |
| Operating profit (loss) | 9901 | €656,895 | €272,855 | -€384,040 | -58.5% |
| Financial income | 75/76B | €89,032 | €128,043 | +€39,011 | +43.8% |
| Recurring financial income | 75 | €89,032 | €128,043 | +€39,011 | +43.8% |
| Financial charges | 65/66B | -€208,683 | -€24,224 | +€184,459 | +88.4% |
| Recurring financial charges | 65 | -€208,683 | -€24,224 | +€184,459 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | €954,610 | €425,121 | -€529,489 | -55.5% |
| Income taxes | 67/77 | €4,402 | €4,456 | +€54 | +1.2% |
| Profit (loss) for the period | 9904 | €950,208 | €420,665 | -€529,543 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €950,208 | €420,665 | -€529,543 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.