SALEMA: 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.
SALEMA
Largest movements
- Cash +€16,109
up €16,109 (+26.0%), from €61,898 to €78,007
mainly Net result for the year (+€30,480) and Depreciation (+€1,850)
- Tangible fixed assets +€7,686
up €7,686 (+96.3%), from €7,981 to €15,667
of which Other tangible fixed assets: +€4,532
- Receivables after one year +€6,000
new in 2025: €6,000
- Receivables within one year +€1,977
up €1,977 (+487.2%), from €406 to €2,383
of which Trade receivables: +€1,735
- Reserves +€20,000
up €20,000 (+80.0%), from €25,000 to €45,000
- Profit (loss) carried forward +€10,480
up €10,480 (+27.1%), from €38,703 to €49,183
- Other debts +€1,410
up €1,410 (+155.8%), from €905 to €2,315
- Gross operating margin +€3,094
up €3,094 (+7.5%), from €41,441 to €44,534
- Taxes +€1,392
up €1,392 (+13.4%), from €10,366 to €11,758
- Depreciation +€1,331
up €1,331 (+256.3%), from €519 to €1,850
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 | €72,001 | €103,810 | +€31,808 | +44.2% |
| Fixed assets | 21/28 | €7,981 | €15,667 | +€7,686 | +96.3% |
| Tangible fixed assets | 22/27 | €7,981 | €15,667 | +€7,686 | +96.3% |
| Furniture and vehicles | 24 | - | €3,155 | +€3,155 | |
| Other tangible fixed assets | 26 | €7,981 | €12,512 | +€4,532 | +56.8% |
| Current assets | 29/58 | €64,021 | €88,143 | +€24,122 | +37.7% |
| Amounts receivable after more than one year | 29 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 291 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €406 | €2,383 | +€1,977 | +487.2% |
| Trade receivables | 40 | €406 | €2,140 | +€1,735 | +427.5% |
| Other amounts receivable | 41 | - | €242 | +€242 | |
| Cash at bank and in hand | 54/58 | €61,898 | €78,007 | +€16,109 | +26.0% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,753 | +€37 | +2.1% |
| Total equity and liabilities | 10/49 | €72,001 | €103,810 | +€31,808 | +44.2% |
| Equity | 10/15 | €66,203 | €96,683 | +€30,480 | +46.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Distributable reserves | 133 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Profit (loss) carried forward | 14 | €38,703 | €49,183 | +€10,480 | +27.1% |
| Amounts payable | 17/49 | €5,799 | €7,127 | +€1,328 | +22.9% |
| Amounts payable within one year | 42/48 | €5,799 | €7,127 | +€1,328 | +22.9% |
| Trade debts | 44 | €706 | €900 | +€194 | +27.5% |
| Suppliers | 440/4 | €706 | €900 | +€194 | +27.5% |
| Taxes, remuneration and social security | 45 | €4,188 | €3,911 | -€276 | -6.6% |
| Taxes | 450/3 | €4,188 | €3,911 | -€276 | -6.6% |
| Other amounts payable | 47/48 | €905 | €2,315 | +€1,410 | +155.8% |
| Non-recurring operating income | 76A | - | €104 | +€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519 | €1,850 | +€1,331 | +256.3% |
| Other operating charges | 640/8 | €771 | €906 | +€135 | +17.5% |
| Gross operating margin | 9900 | €41,441 | €44,534 | +€3,094 | +7.5% |
| Operating profit (loss) | 9901 | €40,150 | €41,778 | +€1,628 | +4.1% |
| Financial income | 75/76B | €365 | €621 | +€256 | +69.9% |
| Recurring financial income | 75 | €365 | €621 | +€256 | +69.9% |
| Financial charges | 65/66B | €304 | €161 | -€142 | -46.9% |
| Recurring financial charges | 65 | €304 | €161 | -€142 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €40,212 | €42,238 | +€2,026 | +5.0% |
| Income taxes | 67/77 | €10,366 | €11,758 | +€1,392 | +13.4% |
| Profit (loss) for the period | 9904 | €29,846 | €30,480 | +€634 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,846 | €30,480 | +€634 | +2.1% |
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 3 October 2026 via checked.be.