SALDEC: 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.
SALDEC
Largest movements
- Cash -€290,070
down €290,070 (-88.7%), from €327,005 to €36,935
mainly Receivables within one year (-€261,640) and Current portion of long-term debt (-€250,000)
- Receivables within one year +€261,640
up €261,640 (+21.2%), from €1.2m to €1.5m
of which Trade receivables: +€250,314
- Tangible fixed assets -€65,163
down €65,163 (-4.2%), from €1.5m to €1.5m
of which Land and buildings: -€59,195
- Current portion of long-term debt -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Other debts +€146,434
up €146,434 (+5.4%), from €2.7m to €2.9m
- Financial charges -€149,352
down €149,352 (-76.9%), from €194,232 to €44,880
- Gross operating margin +€49,625
up €49,625 (+40.2%), from €123,361 to €172,985
- Staff costs +€8,033
up €8,033 (+21.7%), from €37,054 to €45,087
- Other operating charges -€4,607
down €4,607 (-73.3%), from €6,288 to €1,681
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,326,743 | €3,233,698 | -€93,045 | -2.8% |
| Fixed assets | 21/28 | €1,765,213 | €1,700,050 | -€65,163 | -3.7% |
| Tangible fixed assets | 22/27 | €1,539,765 | €1,474,602 | -€65,163 | -4.2% |
| Land and buildings | 22 | €1,528,572 | €1,469,377 | -€59,195 | -3.9% |
| Plant, machinery and equipment | 23 | €355 | €84 | -€271 | -76.3% |
| Furniture and vehicles | 24 | €10,838 | €5,141 | -€5,697 | -52.6% |
| Financial fixed assets | 28 | €225,448 | €225,448 | = | 0.0% |
| Current assets | 29/58 | €1,561,530 | €1,533,648 | -€27,882 | -1.8% |
| Amounts receivable within one year | 40/41 | €1,234,330 | €1,495,970 | +€261,640 | +21.2% |
| Trade receivables | 40 | €5,780 | €256,095 | +€250,314 | +4330.4% |
| Other amounts receivable | 41 | €1,228,550 | €1,239,875 | +€11,325 | +0.9% |
| Cash at bank and in hand | 54/58 | €327,005 | €36,935 | -€290,070 | -88.7% |
| Deferred charges and accrued income | 490/1 | €195 | €744 | +€549 | +281.2% |
| Total equity and liabilities | 10/49 | €3,326,743 | €3,233,698 | -€93,045 | -2.8% |
| Equity | 10/15 | €317,302 | €341,422 | +€24,120 | +7.6% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €98,702 | €122,822 | +€24,120 | +24.4% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €76,842 | €100,962 | +€24,120 | +31.4% |
| Amounts payable | 17/49 | €3,009,441 | €2,892,276 | -€117,165 | -3.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,009,441 | €2,892,276 | -€117,165 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €0 | -€250,000 | -100.0% |
| Trade debts | 44 | €5,576 | €8,767 | +€3,191 | +57.2% |
| Suppliers | 440/4 | €5,576 | €8,767 | +€3,191 | +57.2% |
| Advances received on contracts in progress | 46 | €6,050 | €0 | -€6,050 | -100.0% |
| Taxes, remuneration and social security | 45 | €41,613 | €30,872 | -€10,741 | -25.8% |
| Taxes | 450/3 | €36,453 | €20,944 | -€15,509 | -42.5% |
| Remuneration and social security | 454/9 | €5,160 | €9,929 | +€4,768 | +92.4% |
| Other amounts payable | 47/48 | €2,706,202 | €2,852,637 | +€146,434 | +5.4% |
| Remuneration, social security and pensions | 62 | €37,054 | €45,087 | +€8,033 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,562 | €67,658 | +€96 | +0.1% |
| Other operating charges | 640/8 | €6,288 | €1,681 | -€4,607 | -73.3% |
| Gross operating margin | 9900 | €123,361 | €172,985 | +€49,625 | +40.2% |
| Operating profit (loss) | 9901 | €12,457 | €58,559 | +€46,102 | +370.1% |
| Financial income | 75/76B | €9,911 | €10,441 | +€530 | +5.4% |
| Recurring financial income | 75 | €9,911 | €10,441 | +€530 | +5.4% |
| Financial charges | 65/66B | €194,232 | €44,880 | -€149,352 | -76.9% |
| Recurring financial charges | 65 | €194,232 | €44,880 | -€149,352 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€171,863 | €24,121 | +€195,984 | |
| Income taxes | 67/77 | €331 | €0 | -€330 | -99.9% |
| Profit (loss) for the period | 9904 | -€172,194 | €24,120 | +€196,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,194 | €24,120 | +€196,315 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.