Saldico: 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.
Saldico
Largest movements
- Cash +€249,085
up €249,085 (+123.9%), from €201,086 to €450,171
mainly Net result for the year (+€252,143) and Trade debts (+€98,621)
- Intangible fixed assets -€51,579
down €51,579 (-14.4%), from €357,225 to €305,645
- Receivables within one year +€28,649
up €28,649 (+29.1%), from €98,460 to €127,109
of which Trade receivables: +€28,649
- Stocks and contracts -€15,604
down €15,604 (-6.7%), from €234,079 to €218,475
of which Contracts in progress: -€28,771
- Reserves +€252,143
up €252,143 (+110.1%), from €228,959 to €481,101
of which Distributable reserves: +€242,552
- Debts after one year -€152,731
down €152,731 (-44.8%), from €341,142 to €188,411
- Trade debts +€98,621
up €98,621 (+137.6%), from €71,650 to €170,270
- Tax, wage and social debts +€24,257
up €24,257 (+307.3%), from €7,894 to €32,151
- Gross operating margin +€165,508
up €165,508 (+64.4%), from €257,098 to €422,606
- Taxes +€42,261
up €42,261 (+99.6%), from €42,426 to €84,688
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 | €923,465 | €1,142,065 | +€218,601 | +23.7% |
| Fixed assets | 21/28 | €387,792 | €344,758 | -€43,034 | -11.1% |
| Intangible fixed assets | 21 | €357,225 | €305,645 | -€51,579 | -14.4% |
| Tangible fixed assets | 22/27 | €30,567 | €39,113 | +€8,546 | +28.0% |
| Plant, machinery and equipment | 23 | €29,300 | €38,305 | +€9,004 | +30.7% |
| Furniture and vehicles | 24 | €1,267 | €809 | -€458 | -36.2% |
| Current assets | 29/58 | €535,672 | €797,307 | +€261,635 | +48.8% |
| Stocks and contracts in progress | 3 | €234,079 | €218,475 | -€15,604 | -6.7% |
| Stocks | 30/36 | €205,308 | €218,475 | +€13,167 | +6.4% |
| Contracts in progress | 37 | €28,771 | €0 | -€28,771 | -100.0% |
| Amounts receivable within one year | 40/41 | €98,460 | €127,109 | +€28,649 | +29.1% |
| Trade receivables | 40 | €98,460 | €127,109 | +€28,649 | +29.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €201,086 | €450,171 | +€249,085 | +123.9% |
| Deferred charges and accrued income | 490/1 | €2,047 | €1,552 | -€495 | -24.2% |
| Total equity and liabilities | 10/49 | €923,465 | €1,142,065 | +€218,601 | +23.7% |
| Equity | 10/15 | €439,359 | €691,501 | +€252,143 | +57.4% |
| Contributions | 10/11 | €210,400 | €210,400 | = | 0.0% |
| Capital | 10 | €210,400 | €210,400 | = | 0.0% |
| Issued capital | 100 | €210,400 | €210,400 | = | 0.0% |
| Reserves | 13 | €228,959 | €481,101 | +€252,143 | +110.1% |
| Non-distributable reserves | 130/1 | €11,450 | €21,040 | +€9,590 | +83.8% |
| Legal reserve | 130 | €11,450 | €21,040 | +€9,590 | +83.8% |
| Distributable reserves | 133 | €217,509 | €460,061 | +€242,552 | +111.5% |
| Amounts payable | 17/49 | €484,106 | €450,564 | -€33,542 | -6.9% |
| Amounts payable after more than one year | 17 | €341,142 | €188,411 | -€152,731 | -44.8% |
| Financial debts | 170/4 | €341,142 | €188,411 | -€152,731 | -44.8% |
| Amounts payable within one year | 42/48 | €137,263 | €261,153 | +€123,889 | +90.3% |
| Current portion of amounts payable after more than one year | 42 | €57,720 | €58,731 | +€1,011 | +1.8% |
| Trade debts | 44 | €71,650 | €170,270 | +€98,621 | +137.6% |
| Suppliers | 440/4 | €71,650 | €170,270 | +€98,621 | +137.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,894 | €32,151 | +€24,257 | +307.3% |
| Taxes | 450/3 | €7,894 | €32,151 | +€24,257 | +307.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,700 | €1,000 | -€4,700 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,843 | €73,252 | +€1,409 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,094 | €1,254 | +€161 | +14.7% |
| Gross operating margin | 9900 | €257,098 | €422,606 | +€165,508 | +64.4% |
| Operating profit (loss) | 9901 | €184,162 | €348,100 | +€163,938 | +89.0% |
| Financial income | 75/76B | €11 | €1,009 | +€998 | +9075.5% |
| Recurring financial income | 75 | €11 | €1,009 | +€998 | +9075.5% |
| Financial charges | 65/66B | €15,780 | €12,279 | -€3,501 | -22.2% |
| Recurring financial charges | 65 | €15,780 | €12,279 | -€3,501 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €168,393 | €336,830 | +€168,438 | +100.0% |
| Income taxes | 67/77 | €42,426 | €84,688 | +€42,261 | +99.6% |
| Profit (loss) for the period | 9904 | €125,966 | €252,143 | +€126,176 | +100.2% |
| Profit (loss) for the period to be appropriated | 9905 | €125,966 | €252,143 | +€126,176 | +100.2% |
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 10 October 2026 via checked.be.