SALCO: 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
SALCO
NACE 46.831, Wholesale of construction materials, general range
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€290,236
2024 · €562,428-€272,191
Equity
€4.6m
2024 · €4.5m+€110,236
Cash
€507,755
2024 · €382,000+€125,755
Balance sheet total
€9.0m
2024 · €9.5m-€543,988
Largest movements
Assets
- Receivables within one year -€942,391
down €942,391 (-47.6%), from €2.0m to €1.0m
of which Trade receivables: -€523,536
- Stocks and contracts +€487,545
up €487,545 (+10.1%), from €4.8m to €5.3m
- Tangible fixed assets -€160,124
down €160,124 (-14.0%), from €1.1m to €984,814
- Cash +€125,755
up €125,755 (+32.9%), from €382,000 to €507,755
mainly Receivables within one year (+€942,391) and Net result for the year (+€290,236)
- Intangible fixed assets -€124,559
down €124,559 (-10.5%), from €1.2m to €1.1m
Equity and liabilities
- Trade debts -€484,875
down €484,875 (-22.5%), from €2.2m to €1.7m
- Short-term financial debts +€285,185
up €285,185 (+116.4%), from €245,075 to €530,260
- Debts after one year -€267,782
down €267,782 (-17.3%), from €1.6m to €1.3m
- Other debts -€180,000
down €180,000 (-50.0%), from €360,000 to €180,000
- Reserves +€110,236
up €110,236 (+2.5%), from €4.4m to €4.5m
of which Distributable reserves: +€110,236
Income statement
- Turnover +€865,726
up €865,726 (+3.8%), from €23.1m to €23.9m
- Goods and materials +€707,441
up €707,441 (+4.2%), from €17.0m to €17.7m
of which Purchases: +€546,991
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.
Result 2024
€562,428
Turnover
+€865,726
Other operating income
+€3,166
Goods and materials
-€707,441
Services and other goods
-€136,788
Staff costs
-€147,698
Depreciation
-€86,247
Write-downs
+€39,212
Other operating charges
-€7,213
Other operating items
+€3,007
Financial income
-€19,679
Financial charges
-€101,231
Taxes
+€22,996
Result 2025
€290,236
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.
From operations
+€261,682
Investment
€0
Financing
-€135,927
Cash 2024
€382,000
From operations (derived)
+€261,682
Net result for the year
+€290,236
Depreciation
+€284,684
Stocks and contracts
-€487,545
Receivables within one year
+€942,391
Deferred charges and accrued income
-€69,786
Trade debts
-€484,875
Tax, wage and social debts
-€14,662
Advances received
+€558
Other debts
-€180,000
Accrued charges and deferred income
-€19,318
Financing
-€135,927
Debts after one year
-€267,782
Current portion of long-term debt
+€26,671
Short-term financial debts
+€285,185
Contributions, distributions and other
-€180,000
Cash 2025
€507,755
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,522,667 | €8,978,680 | -€543,988 | -5.7% |
| Fixed assets | 21/28 | €2,329,041 | €2,044,357 | -€284,684 | -12.2% |
| Intangible fixed assets | 21 | €1,184,103 | €1,059,543 | -€124,559 | -10.5% |
| Tangible fixed assets | 22/27 | €1,144,938 | €984,814 | -€160,124 | -14.0% |
| Land and buildings | 22 | €803,543 | €743,233 | -€60,309 | -7.5% |
| Plant, machinery and equipment | 23 | €245,205 | €182,104 | -€63,101 | -25.7% |
| Furniture and vehicles | 24 | €96,190 | €59,477 | -€36,714 | -38.2% |
| Current assets | 29/58 | €7,193,627 | €6,934,322 | -€259,304 | -3.6% |
| Stocks and contracts in progress | 3 | €4,815,940 | €5,303,485 | +€487,545 | +10.1% |
| Stocks | 30/36 | €4,815,940 | €5,303,485 | +€487,545 | +10.1% |
| Goods purchased for resale | 34 | €4,815,940 | €5,303,485 | +€487,545 | +10.1% |
| Amounts receivable within one year | 40/41 | €1,978,583 | €1,036,192 | -€942,391 | -47.6% |
| Trade receivables | 40 | €1,457,879 | €934,343 | -€523,536 | -35.9% |
| Other amounts receivable | 41 | €520,704 | €101,849 | -€418,854 | -80.4% |
| Cash at bank and in hand | 54/58 | €382,000 | €507,755 | +€125,755 | +32.9% |
| Deferred charges and accrued income | 490/1 | €17,104 | €86,890 | +€69,786 | +408.0% |
| Total equity and liabilities | 10/49 | €9,522,667 | €8,978,680 | -€543,988 | -5.7% |
| Equity | 10/15 | €4,454,379 | €4,564,615 | +€110,236 | +2.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,392,879 | €4,503,115 | +€110,236 | +2.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €4,386,729 | €4,496,965 | +€110,236 | +2.5% |
| Amounts payable | 17/49 | €5,068,289 | €4,414,064 | -€654,224 | -12.9% |
| Amounts payable after more than one year | 17 | €1,550,635 | €1,282,853 | -€267,782 | -17.3% |
| Financial debts | 170/4 | €1,550,635 | €1,282,853 | -€267,782 | -17.3% |
| Credit institutions | 173 | €1,550,635 | €1,282,853 | -€267,782 | -17.3% |
| Amounts payable within one year | 42/48 | €3,467,390 | €3,100,266 | -€367,124 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €252,890 | €279,561 | +€26,671 | +10.5% |
| Financial debts | 43 | €245,075 | €530,260 | +€285,185 | +116.4% |
| Credit institutions | 430/8 | €245,075 | €530,260 | +€285,185 | +116.4% |
| Trade debts | 44 | €2,153,494 | €1,668,618 | -€484,875 | -22.5% |
| Suppliers | 440/4 | €2,153,494 | €1,668,618 | -€484,875 | -22.5% |
| Advances received on contracts in progress | 46 | - | €558 | +€558 | |
| Taxes, remuneration and social security | 45 | €455,932 | €441,270 | -€14,662 | -3.2% |
| Taxes | 450/3 | €137,312 | €181,142 | +€43,829 | +31.9% |
| Remuneration and social security | 454/9 | €318,620 | €260,128 | -€58,491 | -18.4% |
| Other amounts payable | 47/48 | €360,000 | €180,000 | -€180,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €50,263 | €30,945 | -€19,318 | -38.4% |
| Operating income | 70/76A | €23,118,203 | €23,991,601 | +€873,398 | +3.8% |
| Turnover | 70 | €23,061,255 | €23,926,981 | +€865,726 | +3.8% |
| Other operating income | 74 | €54,759 | €57,925 | +€3,166 | +5.8% |
| Non-recurring operating income | 76A | €2,188 | €6,695 | +€4,507 | +205.9% |
| Operating charges | 60/66A | €22,350,064 | €23,397,738 | +€1.0m | +4.7% |
| Goods for resale, raw materials and consumables | 60 | €17,001,497 | €17,708,937 | +€707,441 | +4.2% |
| Purchases | 600/8 | €17,649,491 | €18,196,482 | +€546,991 | +3.1% |
| Change in stocks: decrease (increase) | 609 | -€647,995 | -€487,545 | +€160,450 | +24.8% |
| Services and other goods | 61 | €3,168,696 | €3,305,484 | +€136,788 | +4.3% |
| Remuneration, social security and pensions | 62 | €1,893,167 | €2,040,865 | +€147,698 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,436 | €284,684 | +€86,247 | +43.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,044 | €6,833 | -€39,212 | -85.2% |
| Other operating charges | 640/8 | €42,223 | €49,436 | +€7,213 | +17.1% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Operating profit (loss) | 9901 | €768,139 | €593,863 | -€174,276 | -22.7% |
| Financial income | 75/76B | €317,169 | €297,489 | -€19,679 | -6.2% |
| Recurring financial income | 75 | €317,169 | €297,489 | -€19,679 | -6.2% |
| Income from current assets | 751 | €32,877 | €21,616 | -€11,260 | -34.2% |
| Other financial income | 752/9 | €284,292 | €275,873 | -€8,419 | -3.0% |
| Financial charges | 65/66B | €439,957 | €541,189 | +€101,231 | +23.0% |
| Recurring financial charges | 65 | €439,957 | €541,189 | +€101,231 | +23.0% |
| Debt charges | 650 | €67,479 | €105,713 | +€38,234 | +56.7% |
| Other financial charges | 652/9 | €372,479 | €435,476 | +€62,997 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €645,351 | €350,164 | -€295,187 | -45.7% |
| Income taxes | 67/77 | €82,923 | €59,927 | -€22,996 | -27.7% |
| Taxes | 670/3 | €85,524 | €59,927 | -€25,596 | -29.9% |
| Tax adjustments and reversals of tax provisions | 77 | €2,601 | - | -€2,601 | |
| Profit (loss) for the period | 9904 | €562,428 | €290,236 | -€272,191 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €562,428 | €290,236 | -€272,191 | -48.4% |
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 12 October 2026 via checked.be.