SALCOPLAN: 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.
SALCOPLAN
Largest movements
- Tangible fixed assets -€25,084
down €25,084 (-32.2%), from €77,925 to €52,841
of which Furniture and vehicles: -€26,552
- Cash +€23,194
up €23,194 (+18.3%), from €126,733 to €149,927
mainly Net result for the year (+€69,531) and Depreciation (+€31,981)
- Reserves +€69,531
up €69,531 (+28.7%), from €242,503 to €312,034
- Other debts -€50,708
down €50,708 (-100.0%), from €50,708 to €0
- Short-term financial debts -€21,820
no longer reported in 2025 (was €21,820)
- Debts after one year -€16,292
down €16,292 (-60.2%), from €27,070 to €10,778
- Current portion of long-term debt +€16,192
new in 2025: €16,192
- Gross operating margin -€39,113
down €39,113 (-13.7%), from €284,722 to €245,609
- Staff costs +€11,229
up €11,229 (+11.9%), from €94,097 to €105,326
- Taxes -€10,296
down €10,296 (-22.9%), from €45,046 to €34,751
- Depreciation -€5,251
down €5,251 (-14.1%), from €37,232 to €31,981
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 | €387,639 | €392,381 | +€4,743 | +1.2% |
| Fixed assets | 21/28 | €77,925 | €52,841 | -€25,084 | -32.2% |
| Tangible fixed assets | 22/27 | €77,925 | €52,841 | -€25,084 | -32.2% |
| Land and buildings | 22 | €1,331 | €1,132 | -€200 | -15.0% |
| Plant, machinery and equipment | 23 | €9,263 | €10,931 | +€1,668 | +18.0% |
| Furniture and vehicles | 24 | €67,331 | €40,779 | -€26,552 | -39.4% |
| Current assets | 29/58 | €309,714 | €339,540 | +€29,827 | +9.6% |
| Amounts receivable within one year | 40/41 | €178,919 | €182,553 | +€3,634 | +2.0% |
| Trade receivables | 40 | €173,759 | €159,317 | -€14,443 | -8.3% |
| Other amounts receivable | 41 | €5,159 | €23,236 | +€18,077 | +350.4% |
| Cash at bank and in hand | 54/58 | €126,733 | €149,927 | +€23,194 | +18.3% |
| Deferred charges and accrued income | 490/1 | €4,062 | €7,060 | +€2,998 | +73.8% |
| Total equity and liabilities | 10/49 | €387,639 | €392,381 | +€4,743 | +1.2% |
| Equity | 10/15 | €261,103 | €330,634 | +€69,531 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,503 | €312,034 | +€69,531 | +28.7% |
| Distributable reserves | 133 | €242,503 | €312,034 | +€69,531 | +28.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €126,536 | €61,748 | -€64,789 | -51.2% |
| Amounts payable after more than one year | 17 | €27,070 | €10,778 | -€16,292 | -60.2% |
| Financial debts | 170/4 | €27,070 | €10,778 | -€16,292 | -60.2% |
| Amounts payable within one year | 42/48 | €99,466 | €50,969 | -€48,497 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | - | €16,192 | +€16,192 | |
| Financial debts | 43 | €21,820 | - | -€21,820 | |
| Credit institutions | 430/8 | €21,820 | - | -€21,820 | |
| Trade debts | 44 | - | €2,756 | +€2,756 | |
| Suppliers | 440/4 | - | €2,756 | +€2,756 | |
| Taxes, remuneration and social security | 45 | €26,938 | €32,021 | +€5,084 | +18.9% |
| Taxes | 450/3 | €26,141 | €32,021 | +€5,881 | +22.5% |
| Remuneration and social security | 454/9 | €797 | €0 | -€797 | -100.0% |
| Other amounts payable | 47/48 | €50,708 | €0 | -€50,708 | -100.0% |
| Remuneration, social security and pensions | 62 | €94,097 | €105,326 | +€11,229 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,232 | €31,981 | -€5,251 | -14.1% |
| Other operating charges | 640/8 | €1,113 | €2,207 | +€1,095 | +98.4% |
| Gross operating margin | 9900 | €284,722 | €245,609 | -€39,113 | -13.7% |
| Operating profit (loss) | 9901 | €152,280 | €106,095 | -€46,185 | -30.3% |
| Financial income | 75/76B | €101 | €169 | +€68 | +68.0% |
| Recurring financial income | 75 | €101 | €169 | +€68 | +68.0% |
| Financial charges | 65/66B | €2,710 | €1,982 | -€728 | -26.9% |
| Recurring financial charges | 65 | €2,710 | €1,982 | -€728 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €149,671 | €104,282 | -€45,389 | -30.3% |
| Income taxes | 67/77 | €45,046 | €34,751 | -€10,296 | -22.9% |
| Profit (loss) for the period | 9904 | €104,625 | €69,531 | -€35,093 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,625 | €69,531 | -€35,093 | -33.5% |
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 30 September 2026 via checked.be.