Salar Group: 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.
Salar Group
Largest movements
- Receivables within one year +€286,829
up €286,829 (+91.9%), from €312,110 to €598,939
of which Trade receivables: +€271,800
- Cash +€150,668
up €150,668 (+59.3%), from €254,183 to €404,851
mainly Net result for the year (+€275,147) and Other debts (+€200,000)
- Tangible fixed assets -€120,179
down €120,179 (-25.8%), from €466,668 to €346,489
of which Furniture and vehicles: -€120,179
- Other debts +€200,000
up €200,000 (+317762.9%), from €63 to €200,063
- Tax, wage and social debts +€122,543
up €122,543 (+35.5%), from €345,454 to €467,997
- Gross operating margin +€91,024
up €91,024 (+20.0%), from €455,810 to €546,834
- Taxes +€31,951
up €31,951 (+31.1%), from €102,599 to €134,551
- Other operating charges -€19,669
down €19,669 (-83.5%), from €23,562 to €3,893
- Depreciation +€18,955
up €18,955 (+18.7%), from €101,224 to €120,179
- Financial charges -€5,869
down €5,869 (-28.4%), from €20,695 to €14,826
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 | €2,804,897 | €3,122,216 | +€317,318 | +11.3% |
| Fixed assets | 21/28 | €1,706,668 | €1,586,489 | -€120,179 | -7.0% |
| Tangible fixed assets | 22/27 | €466,668 | €346,489 | -€120,179 | -25.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €466,668 | €346,489 | -€120,179 | -25.8% |
| Financial fixed assets | 28 | €1,240,000 | €1,240,000 | = | 0.0% |
| Current assets | 29/58 | €1,098,229 | €1,535,726 | +€437,497 | +39.8% |
| Amounts receivable within one year | 40/41 | €312,110 | €598,939 | +€286,829 | +91.9% |
| Trade receivables | 40 | €105,000 | €376,800 | +€271,800 | +258.9% |
| Other amounts receivable | 41 | €207,110 | €222,139 | +€15,029 | +7.3% |
| Current investments | 50/53 | €531,936 | €531,936 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €254,183 | €404,851 | +€150,668 | +59.3% |
| Total equity and liabilities | 10/49 | €2,804,897 | €3,122,216 | +€317,318 | +11.3% |
| Equity | 10/15 | €2,057,431 | €2,052,810 | -€4,621 | -0.2% |
| Contributions | 10/11 | €927,000 | €927,000 | = | 0.0% |
| Capital | 10 | €927,000 | €927,000 | = | 0.0% |
| Issued capital | 100 | €927,000 | €927,000 | = | 0.0% |
| Reserves | 13 | €1,130,431 | €1,125,810 | -€4,621 | -0.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,124,231 | €1,119,610 | -€4,621 | -0.4% |
| Amounts payable | 17/49 | €747,466 | €1,069,406 | +€321,939 | +43.1% |
| Amounts payable within one year | 42/48 | €747,466 | €1,069,406 | +€321,939 | +43.1% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €1,950 | €1,345 | -€604 | -31.0% |
| Suppliers | 440/4 | €1,950 | €1,345 | -€604 | -31.0% |
| Taxes, remuneration and social security | 45 | €345,454 | €467,997 | +€122,543 | +35.5% |
| Taxes | 450/3 | €345,454 | €467,997 | +€122,543 | +35.5% |
| Other amounts payable | 47/48 | €63 | €200,063 | +€200,000 | +317762.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,224 | €120,179 | +€18,955 | +18.7% |
| Other operating charges | 640/8 | €23,562 | €3,893 | -€19,669 | -83.5% |
| Gross operating margin | 9900 | €455,810 | €546,834 | +€91,024 | +20.0% |
| Operating profit (loss) | 9901 | €331,024 | €422,762 | +€91,739 | +27.7% |
| Financial income | 75/76B | €1,684 | €1,762 | +€78 | +4.6% |
| Recurring financial income | 75 | €1,684 | €1,762 | +€78 | +4.6% |
| Financial charges | 65/66B | €20,695 | €14,826 | -€5,869 | -28.4% |
| Recurring financial charges | 65 | €20,695 | €14,826 | -€5,869 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €312,012 | €409,698 | +€97,686 | +31.3% |
| Income taxes | 67/77 | €102,599 | €134,551 | +€31,951 | +31.1% |
| Profit (loss) for the period | 9904 | €209,413 | €275,147 | +€65,734 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €209,413 | €275,147 | +€65,734 | +31.4% |
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 5 October 2026 via checked.be.