SALARY SOLUTION: 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.
SALARY SOLUTION
Largest movements
- Intangible fixed assets +€373,728
up €373,728 (+53.5%), from €698,224 to €1.1m
- Tangible fixed assets +€310,979
up €310,979 (+74.5%), from €417,295 to €728,274
of which Land and buildings: +€303,165
- Cash -€259,991
down €259,991 (-66.1%), from €393,135 to €133,143
mainly Investment in fixed assets (net) (-€620,106) and Trade debts (-€227,102)
- Financial fixed assets -€189,019
down €189,019 (-88.7%), from €213,123 to €24,104
- Current investments -€119,670
down €119,670 (-65.8%), from €181,859 to €62,189
- Revaluation surpluses +€295,983
new in 2025: €295,983
- Tax, wage and social debts +€248,612
up €248,612 (+95.5%), from €260,420 to €509,033
of which Taxes: +€186,001
- Trade debts -€227,102
down €227,102 (-76.5%), from €296,849 to €69,747
- Debts after one year -€152,548
down €152,548 (-16.0%), from €952,425 to €799,877
- Profit (loss) carried forward +€73,711
up €73,711 (+33.9%), from €217,757 to €291,468
- Gross operating margin +€1.1m
up €1.1m (+39.8%), from €2.7m to €3.8m
- Staff costs +€608,773
up €608,773 (+25.2%), from €2.4m to €3.0m
- Financial charges +€264,726
up €264,726 (+343.7%), from €77,022 to €341,748
of which Non-recurring financial charges: +€255,553
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 | €2,296,586 | €2,552,937 | +€256,351 | +11.2% |
| Fixed assets | 21/28 | €1,328,642 | €1,824,330 | +€495,687 | +37.3% |
| Intangible fixed assets | 21 | €698,224 | €1,071,951 | +€373,728 | +53.5% |
| Tangible fixed assets | 22/27 | €417,295 | €728,274 | +€310,979 | +74.5% |
| Land and buildings | 22 | €302,921 | €606,085 | +€303,165 | +100.1% |
| Plant, machinery and equipment | 23 | - | €16,009 | +€16,009 | |
| Furniture and vehicles | 24 | €8,030 | €13,240 | +€5,210 | +64.9% |
| Leasing and similar rights | 25 | €12,786 | €8,535 | -€4,250 | -33.2% |
| Other tangible fixed assets | 26 | €93,559 | €84,404 | -€9,155 | -9.8% |
| Financial fixed assets | 28 | €213,123 | €24,104 | -€189,019 | -88.7% |
| Current assets | 29/58 | €967,944 | €728,607 | -€239,337 | -24.7% |
| Amounts receivable within one year | 40/41 | €359,368 | €465,644 | +€106,276 | +29.6% |
| Trade receivables | 40 | €268,842 | €347,330 | +€78,488 | +29.2% |
| Other amounts receivable | 41 | €90,526 | €118,314 | +€27,788 | +30.7% |
| Current investments | 50/53 | €181,859 | €62,189 | -€119,670 | -65.8% |
| Cash at bank and in hand | 54/58 | €393,135 | €133,143 | -€259,991 | -66.1% |
| Deferred charges and accrued income | 490/1 | €33,582 | €67,630 | +€34,048 | +101.4% |
| Total equity and liabilities | 10/49 | €2,296,586 | €2,552,937 | +€256,351 | +11.2% |
| Equity | 10/15 | €278,217 | €700,851 | +€422,635 | +151.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €295,983 | +€295,983 | |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,860 | €41,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,860 | €41,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,757 | €291,468 | +€73,711 | +33.9% |
| Investment grants | 15 | - | €52,940 | +€52,940 | |
| Amounts payable | 17/49 | €2,018,369 | €1,852,085 | -€166,284 | -8.2% |
| Amounts payable after more than one year | 17 | €952,425 | €799,877 | -€152,548 | -16.0% |
| Financial debts | 170/4 | €952,425 | €799,877 | -€152,548 | -16.0% |
| Amounts payable within one year | 42/48 | €1,019,382 | €994,114 | -€25,268 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €336,930 | €343,835 | +€6,905 | +2.0% |
| Financial debts | 43 | €108,843 | €41,757 | -€67,085 | -61.6% |
| Other loans | 439 | €108,843 | €41,757 | -€67,085 | -61.6% |
| Trade debts | 44 | €296,849 | €69,747 | -€227,102 | -76.5% |
| Suppliers | 440/4 | €296,849 | €69,747 | -€227,102 | -76.5% |
| Advances received on contracts in progress | 46 | €782 | €782 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €260,420 | €509,033 | +€248,612 | +95.5% |
| Taxes | 450/3 | €42,826 | €228,827 | +€186,001 | +434.3% |
| Remuneration and social security | 454/9 | €217,594 | €280,206 | +€62,612 | +28.8% |
| Other amounts payable | 47/48 | €15,558 | €28,960 | +€13,402 | +86.1% |
| Accrued charges and deferred income | 492/3 | €46,562 | €58,094 | +€11,532 | +24.8% |
| Non-recurring operating income | 76A | - | €42,215 | +€42,215 | |
| Remuneration, social security and pensions | 62 | €2,412,620 | €3,021,393 | +€608,773 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,017 | €124,418 | +€4,402 | +3.7% |
| Other operating charges | 640/8 | €13,726 | €13,700 | -€26 | -0.2% |
| Non-recurring operating charges | 66A | €65,172 | €72,861 | +€7,690 | +11.8% |
| Gross operating margin | 9900 | €2,733,813 | €3,822,870 | +€1.1m | +39.8% |
| Operating profit (loss) | 9901 | €122,278 | €590,497 | +€468,219 | +382.9% |
| Financial income | 75/76B | €31,981 | €11,235 | -€20,746 | -64.9% |
| Recurring financial income | 75 | €31,981 | €11,235 | -€20,746 | -64.9% |
| Financial charges | 65/66B | €77,022 | €341,748 | +€264,726 | +343.7% |
| Recurring financial charges | 65 | €77,022 | €86,195 | +€9,173 | +11.9% |
| Non-recurring financial charges | 66B | - | €255,553 | +€255,553 | |
| Profit (loss) for the period before taxes | 9903 | €77,237 | €259,984 | +€182,747 | +236.6% |
| Income taxes | 67/77 | €138,165 | €156,272 | +€18,108 | +13.1% |
| Profit (loss) for the period | 9904 | -€60,928 | €103,711 | +€164,640 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,928 | €103,711 | +€164,640 |
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.