SALCOMAX PERFORMANCES: 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.
SALCOMAX PERFORMANCES
Largest movements
- Tangible fixed assets -€76,175
down €76,175 (-24.3%), from €313,928 to €237,752
of which Other tangible fixed assets: -€67,350
- Cash -€30,050
down €30,050 (-82.1%), from €36,588 to €6,537
mainly Debts after one year (-€75,928) and Investment in fixed assets (net) (-€52,355)
- Deferred charges and accrued income -€15,181
down €15,181 (-64.7%), from €23,446 to €8,265
- Receivables within one year +€12,147
up €12,147 (+83.6%), from €14,531 to €26,678
of which Trade receivables: +€15,555
- Stocks and contracts +€4,658
up €4,658 (+146.3%), from €3,185 to €7,842
- Debts after one year -€75,928
down €75,928 (-42.7%), from €177,939 to €102,011
- Profit (loss) carried forward -€25,052
down €25,052 (-47.9%), from -€52,299 to -€77,351
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Trade debts +€18,932
up €18,932 (+393.7%), from €4,809 to €23,740
- Current portion of long-term debt +€6,626
up €6,626 (+6.5%), from €101,392 to €108,019
- Gross operating margin -€80,870
down €80,870 (-26.0%), from €310,793 to €229,923
- Depreciation -€53,443
down €53,443 (-29.4%), from €181,973 to €128,530
- Taxes -€5,826
down €5,826, from €4,826 to -€1,000
- Financial charges -€3,607
down €3,607 (-21.3%), from €16,915 to €13,308
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 | €391,737 | €287,135 | -€104,602 | -26.7% |
| Fixed assets | 21/28 | €313,988 | €237,812 | -€76,175 | -24.3% |
| Tangible fixed assets | 22/27 | €313,928 | €237,752 | -€76,175 | -24.3% |
| Plant, machinery and equipment | 23 | €63,139 | €67,224 | +€4,085 | +6.5% |
| Furniture and vehicles | 24 | €13,979 | €10,602 | -€3,377 | -24.2% |
| Leasing and similar rights | 25 | €11,180 | - | -€11,180 | |
| Other tangible fixed assets | 26 | €225,629 | €158,279 | -€67,350 | -29.8% |
| Assets under construction and advance payments | 27 | - | €1,647 | +€1,647 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €77,749 | €49,322 | -€28,427 | -36.6% |
| Stocks and contracts in progress | 3 | €3,185 | €7,842 | +€4,658 | +146.3% |
| Stocks | 30/36 | €3,185 | €7,842 | +€4,658 | +146.3% |
| Amounts receivable within one year | 40/41 | €14,531 | €26,678 | +€12,147 | +83.6% |
| Trade receivables | 40 | €2,292 | €17,847 | +€15,555 | +678.6% |
| Other amounts receivable | 41 | €12,239 | €8,831 | -€3,408 | -27.8% |
| Cash at bank and in hand | 54/58 | €36,588 | €6,537 | -€30,050 | -82.1% |
| Deferred charges and accrued income | 490/1 | €23,446 | €8,265 | -€15,181 | -64.7% |
| Total equity and liabilities | 10/49 | €391,737 | €287,135 | -€104,602 | -26.7% |
| Equity | 10/15 | €66,801 | €41,749 | -€25,052 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,500 | €100,500 | = | 0.0% |
| Distributable reserves | 133 | €100,500 | €100,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,299 | -€77,351 | -€25,052 | -47.9% |
| Amounts payable | 17/49 | €324,935 | €245,385 | -€79,550 | -24.5% |
| Amounts payable after more than one year | 17 | €177,939 | €102,011 | -€75,928 | -42.7% |
| Financial debts | 170/4 | €177,939 | €102,011 | -€75,928 | -42.7% |
| Amounts payable within one year | 42/48 | €146,996 | €140,061 | -€6,935 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €101,392 | €108,019 | +€6,626 | +6.5% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €4,809 | €23,740 | +€18,932 | +393.7% |
| Suppliers | 440/4 | €4,809 | €23,740 | +€18,932 | +393.7% |
| Taxes, remuneration and social security | 45 | €10,806 | €7,346 | -€3,460 | -32.0% |
| Taxes | 450/3 | €3,714 | - | -€3,714 | |
| Remuneration and social security | 454/9 | €7,092 | €7,346 | +€254 | +3.6% |
| Other amounts payable | 47/48 | €4,989 | €956 | -€4,033 | -80.8% |
| Accrued charges and deferred income | 492/3 | - | €3,313 | +€3,313 | |
| Non-recurring operating income | 76A | €3,144 | - | -€3,144 | |
| Remuneration, social security and pensions | 62 | €106,309 | €109,396 | +€3,087 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,973 | €128,530 | -€53,443 | -29.4% |
| Other operating charges | 640/8 | €6,686 | €4,741 | -€1,945 | -29.1% |
| Gross operating margin | 9900 | €310,793 | €229,923 | -€80,870 | -26.0% |
| Operating profit (loss) | 9901 | €15,825 | -€12,744 | -€28,569 | |
| Financial charges | 65/66B | €16,915 | €13,308 | -€3,607 | -21.3% |
| Recurring financial charges | 65 | €16,915 | €13,308 | -€3,607 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,090 | -€26,052 | -€24,962 | -2290.5% |
| Income taxes | 67/77 | €4,826 | -€1,000 | -€5,826 | |
| Profit (loss) for the period | 9904 | -€5,916 | -€25,052 | -€19,136 | -323.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,916 | -€25,052 | -€19,136 | -323.4% |
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 8 October 2026 via checked.be.