SALEMBIER GIOVANI: 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.
SALEMBIER GIOVANI
Largest movements
- Cash +€17,388
up €17,388 (+118%), from €14,705 to €32,094
mainly Depreciation (+€17,380) and Net result for the year (+€16,043)
- Tangible fixed assets -€15,842
down €15,842 (-22.4%), from €70,881 to €55,038
of which Furniture and vehicles: -€11,280
- Reserves +€16,043
up €16,043 (+29.6%), from €54,251 to €70,293
- Debts after one year -€7,044
down €7,044 (-28.9%), from €24,415 to €17,370
- Trade debts -€3,744
down €3,744 (-7.5%), from €49,586 to €45,842
- Tax, wage and social debts -€3,226
down €3,226 (-16.4%), from €19,716 to €16,491
of which Taxes: -€3,226
- Gross operating margin +€7,946
up €7,946 (+22.5%), from €35,318 to €43,265
- Depreciation +€5,048
up €5,048 (+40.9%), from €12,331 to €17,380
- Financial income -€1,211
down €1,211 (-22.3%), from €5,420 to €4,209
- Taxes +€1,205
up €1,205 (+19.2%), from €6,271 to €7,476
- Staff costs +€1,052
up €1,052 (+999%), from €105 to €1,157
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 | €176,521 | €177,041 | +€520 | +0.3% |
| Fixed assets | 21/28 | €73,881 | €58,038 | -€15,842 | -21.4% |
| Tangible fixed assets | 22/27 | €70,881 | €55,038 | -€15,842 | -22.4% |
| Land and buildings | 22 | €15,927 | €8,714 | -€7,213 | -45.3% |
| Plant, machinery and equipment | 23 | €16,878 | €13,185 | -€3,693 | -21.9% |
| Furniture and vehicles | 24 | €38,076 | €26,796 | -€11,280 | -29.6% |
| Other tangible fixed assets | 26 | - | €6,343 | +€6,343 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €102,640 | €119,003 | +€16,363 | +15.9% |
| Amounts receivable within one year | 40/41 | €85,761 | €86,032 | +€272 | +0.3% |
| Trade receivables | 40 | €35 | €78 | +€43 | +122% |
| Other amounts receivable | 41 | €85,726 | €85,955 | +€229 | +0.3% |
| Cash at bank and in hand | 54/58 | €14,705 | €32,094 | +€17,388 | +118% |
| Deferred charges and accrued income | 490/1 | €2,174 | €877 | -€1,297 | -59.7% |
| Total equity and liabilities | 10/49 | €176,521 | €177,041 | +€520 | +0.3% |
| Equity | 10/15 | €74,251 | €90,293 | +€16,043 | +21.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €54,251 | €70,293 | +€16,043 | +29.6% |
| Distributable reserves | 133 | €54,251 | €70,293 | +€16,043 | +29.6% |
| Amounts payable | 17/49 | €102,270 | €86,748 | -€15,522 | -15.2% |
| Amounts payable after more than one year | 17 | €24,415 | €17,370 | -€7,044 | -28.9% |
| Financial debts | 170/4 | €24,415 | €17,370 | -€7,044 | -28.9% |
| Amounts payable within one year | 42/48 | €77,856 | €69,378 | -€8,478 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €8,553 | €7,044 | -€1,509 | -17.6% |
| Trade debts | 44 | €49,586 | €45,842 | -€3,744 | -7.5% |
| Suppliers | 440/4 | €49,586 | €45,842 | -€3,744 | -7.5% |
| Taxes, remuneration and social security | 45 | €19,716 | €16,491 | -€3,226 | -16.4% |
| Taxes | 450/3 | €19,716 | €16,491 | -€3,226 | -16.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €105 | €1,157 | +€1,052 | +999% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,331 | €17,380 | +€5,048 | +40.9% |
| Other operating charges | 640/8 | €890 | €1,679 | +€789 | +88.7% |
| Gross operating margin | 9900 | €35,318 | €43,265 | +€7,946 | +22.5% |
| Operating profit (loss) | 9901 | €21,992 | €23,048 | +€1,057 | +4.8% |
| Financial income | 75/76B | €5,420 | €4,209 | -€1,211 | -22.3% |
| Recurring financial income | 75 | €5,420 | €4,209 | -€1,211 | -22.3% |
| Financial charges | 65/66B | €3,025 | €3,739 | +€714 | +23.6% |
| Recurring financial charges | 65 | €3,025 | €3,739 | +€714 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €24,387 | €23,519 | -€868 | -3.6% |
| Income taxes | 67/77 | €6,271 | €7,476 | +€1,205 | +19.2% |
| Profit (loss) for the period | 9904 | €18,116 | €16,043 | -€2,073 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,116 | €16,043 | -€2,073 | -11.4% |
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 1 November 2026 via checked.be.