SALBERTER: 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.
SALBERTER
Largest movements
- Cash -€26,388
down €26,388 (-43.5%), from €60,605 to €34,217
mainly Net result for the year (-€27,306) and Debts after one year (-€13,532)
- Tangible fixed assets -€18,312
down €18,312 (-34.0%), from €53,826 to €35,514
of which Furniture and vehicles: -€18,060
- Stocks and contracts +€3,197
up €3,197 (+17.4%), from €18,428 to €21,626
- Receivables within one year -€1,541
down €1,541 (-12.1%), from €12,753 to €11,212
of which Trade receivables: -€2,764
- Profit (loss) carried forward -€27,306
down €27,306 (-48.6%), from €56,175 to €28,869
- Debts after one year -€13,532
down €13,532 (-38.2%), from €35,452 to €21,920
- Current portion of long-term debt -€3,380
down €3,380 (-20.0%), from €16,912 to €13,532
- Gross operating margin -€19,534
down €19,534 (-32.1%), from €60,928 to €41,395
- Staff costs -€8,683
down €8,683 (-16.3%), from €53,247 to €44,564
- Other operating charges +€1,051
up €1,051 (+36.9%), from €2,847 to €3,897
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 | €146,129 | €103,130 | -€42,999 | -29.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €53,987 | €35,675 | -€18,312 | -33.9% |
| Tangible fixed assets | 22/27 | €53,826 | €35,514 | -€18,312 | -34.0% |
| Plant, machinery and equipment | 23 | €1,022 | €770 | -€252 | -24.6% |
| Furniture and vehicles | 24 | €52,804 | €34,744 | -€18,060 | -34.2% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €92,142 | €67,455 | -€24,687 | -26.8% |
| Stocks and contracts in progress | 3 | €18,428 | €21,626 | +€3,197 | +17.4% |
| Stocks | 30/36 | €18,428 | €21,626 | +€3,197 | +17.4% |
| Amounts receivable within one year | 40/41 | €12,753 | €11,212 | -€1,541 | -12.1% |
| Trade receivables | 40 | €3,615 | €852 | -€2,764 | -76.4% |
| Other amounts receivable | 41 | €9,137 | €10,360 | +€1,223 | +13.4% |
| Cash at bank and in hand | 54/58 | €60,605 | €34,217 | -€26,388 | -43.5% |
| Deferred charges and accrued income | 490/1 | €356 | €401 | +€45 | +12.5% |
| Total equity and liabilities | 10/49 | €146,129 | €103,130 | -€42,999 | -29.4% |
| Equity | 10/15 | €83,734 | €56,428 | -€27,306 | -32.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,159 | €15,159 | = | 0.0% |
| Distributable reserves | 133 | €15,159 | €15,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,175 | €28,869 | -€27,306 | -48.6% |
| Amounts payable | 17/49 | €62,395 | €46,702 | -€15,693 | -25.2% |
| Amounts payable after more than one year | 17 | €35,452 | €21,920 | -€13,532 | -38.2% |
| Financial debts | 170/4 | €35,452 | €21,920 | -€13,532 | -38.2% |
| Amounts payable within one year | 42/48 | €26,943 | €24,782 | -€2,160 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €16,912 | €13,532 | -€3,380 | -20.0% |
| Trade debts | 44 | €8,615 | €9,571 | +€956 | +11.1% |
| Suppliers | 440/4 | €8,615 | €9,571 | +€956 | +11.1% |
| Taxes, remuneration and social security | 45 | €1,415 | €1,679 | +€264 | +18.7% |
| Taxes | 450/3 | €887 | €917 | +€31 | +3.4% |
| Remuneration and social security | 454/9 | €528 | €762 | +€234 | +44.3% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €53,247 | €44,564 | -€8,683 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,297 | €18,312 | +€14 | +0.1% |
| Other operating charges | 640/8 | €2,847 | €3,897 | +€1,051 | +36.9% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €60,928 | €41,395 | -€19,534 | -32.1% |
| Operating profit (loss) | 9901 | -€13,463 | -€25,379 | -€11,916 | -88.5% |
| Financial income | 75/76B | €554 | €479 | -€74 | -13.5% |
| Recurring financial income | 75 | €554 | €479 | -€74 | -13.5% |
| Financial charges | 65/66B | €2,371 | €2,231 | -€139 | -5.9% |
| Recurring financial charges | 65 | €2,371 | €2,231 | -€139 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,280 | -€27,131 | -€11,851 | -77.6% |
| Income taxes | 67/77 | €191 | €176 | -€15 | -8.0% |
| Profit (loss) for the period | 9904 | -€15,471 | -€27,306 | -€11,836 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,471 | -€27,306 | -€11,836 | -76.5% |
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 18 October 2026 via checked.be.