SALEC: 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.
SALEC
Largest movements
- Deferred charges and accrued income +€9,446
new in 2025: €9,446
- Receivables within one year -€1,088
down €1,088 (-3.8%), from €28,880 to €27,792
- Profit (loss) carried forward +€6,782
up €6,782 (+32.3%), from €20,994 to €27,776
- Trade debts +€1,794
up €1,794 (+2,158%), from €83 to €1,877
- Gross operating margin -€8,069
down €8,069 (-51.3%), from €15,737 to €7,668
- Other operating charges -€241
down €241 (-26.2%), from €919 to €678
- Depreciation -€194
no longer reported in 2025 (was €194)
- Taxes +€177
new in 2025: €177
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.
Derived cash bridge
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 | €34,538 | €43,115 | +€8,576 | +24.8% |
| Fixed assets | 21/28 | €3,032 | €3,032 | = | 0.0% |
| Financial fixed assets | 28 | €3,032 | €3,032 | = | 0.0% |
| Current assets | 29/58 | €31,507 | €40,083 | +€8,576 | +27.2% |
| Amounts receivable within one year | 40/41 | €28,880 | €27,792 | -€1,088 | -3.8% |
| Other amounts receivable | 41 | €28,880 | €27,792 | -€1,088 | -3.8% |
| Cash at bank and in hand | 54/58 | €2,627 | €2,845 | +€218 | +8.3% |
| Deferred charges and accrued income | 490/1 | - | €9,446 | +€9,446 | |
| Total equity and liabilities | 10/49 | €34,538 | €43,115 | +€8,576 | +24.8% |
| Equity | 10/15 | €34,455 | €41,237 | +€6,782 | +19.7% |
| Contributions | 10/11 | €12,860 | €12,860 | = | 0.0% |
| Reserves | 13 | €601 | €601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €601 | €601 | = | 0.0% |
| Reserves not available under the articles | 1311 | €601 | €601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,994 | €27,776 | +€6,782 | +32.3% |
| Amounts payable | 17/49 | €83 | €1,877 | +€1,794 | +2,158% |
| Amounts payable within one year | 42/48 | €83 | €1,877 | +€1,794 | +2,158% |
| Trade debts | 44 | €83 | €1,877 | +€1,794 | +2,158% |
| Suppliers | 440/4 | €83 | €1,877 | +€1,794 | +2,158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194 | - | -€194 | |
| Other operating charges | 640/8 | €919 | €678 | -€241 | -26.2% |
| Gross operating margin | 9900 | €15,737 | €7,668 | -€8,069 | -51.3% |
| Operating profit (loss) | 9901 | €14,624 | €6,990 | -€7,634 | -52.2% |
| Financial charges | 65/66B | €1 | €31 | +€30 | +2,999% |
| Recurring financial charges | 65 | €1 | €31 | +€30 | +2,999% |
| Profit (loss) for the period before taxes | 9903 | €14,623 | €6,959 | -€7,664 | -52.4% |
| Income taxes | 67/77 | - | €177 | +€177 | |
| Profit (loss) for the period | 9904 | €14,623 | €6,782 | -€7,841 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,623 | €6,782 | -€7,841 | -53.6% |
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 17 October 2026 via checked.be.