Salence: 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.
Salence
Largest movements
- Financial fixed assets +€500,000
new in 2025: €500,000
- Cash -€104,243
down €104,243 (-60.5%), from €172,358 to €68,115
mainly Investment in fixed assets (net) (-€505,489) and Trade debts (-€524)
- Receivables within one year -€15,081
down €15,081 (-91.0%), from €16,577 to €1,496
of which Trade receivables: -€15,087
- Tangible fixed assets -€8,477
down €8,477 (-22.0%), from €38,490 to €30,013
of which Plant, machinery and equipment: -€23,182
- Other debts +€126,058
up €126,058 (+120.4%), from €104,738 to €230,796
- Debts after one year +€122,861
new in 2025: €122,861
- Profit (loss) carried forward +€99,290
up €99,290 (+1058.9%), from €9,377 to €108,667
- Current portion of long-term debt +€19,312
new in 2025: €19,312
- Gross operating margin +€113,110
up €113,110 (+272.1%), from €41,566 to €154,677
- Taxes +€17,553
up €17,553 (+97.1%), from €18,084 to €35,638
- Depreciation +€6,096
up €6,096 (+77.5%), from €7,870 to €13,967
- Financial charges +€3,928
up €3,928 (+846.1%), from €464 to €4,392
of which Financial charges: +€3,928
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 | €227,425 | €599,624 | +€372,199 | +163.7% |
| Fixed assets | 21/28 | €38,490 | €530,013 | +€491,523 | +1277.0% |
| Tangible fixed assets | 22/27 | €38,490 | €30,013 | -€8,477 | -22.0% |
| Plant, machinery and equipment | 23 | €36,788 | €13,605 | -€23,182 | -63.0% |
| Furniture and vehicles | 24 | €1,702 | €702 | -€1,001 | -58.8% |
| Other tangible fixed assets | 26 | - | €15,706 | +€15,706 | |
| Financial fixed assets | 28 | - | €500,000 | +€500,000 | |
| Current assets | 29/58 | €188,935 | €69,611 | -€119,324 | -63.2% |
| Amounts receivable within one year | 40/41 | €16,577 | €1,496 | -€15,081 | -91.0% |
| Trade receivables | 40 | €16,577 | €1,490 | -€15,087 | -91.0% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €172,358 | €68,115 | -€104,243 | -60.5% |
| Total equity and liabilities | 10/49 | €227,425 | €599,624 | +€372,199 | +163.7% |
| Equity | 10/15 | €115,158 | €214,448 | +€99,290 | +86.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,581 | €99,581 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €97,721 | €99,581 | +€1,860 | +1.9% |
| Profit (loss) carried forward | 14 | €9,377 | €108,667 | +€99,290 | +1058.9% |
| Amounts payable | 17/49 | €112,267 | €385,176 | +€272,909 | +243.1% |
| Amounts payable after more than one year | 17 | - | €122,861 | +€122,861 | |
| Financial debts | 170/4 | - | €122,861 | +€122,861 | |
| Amounts payable within one year | 42/48 | €112,267 | €262,315 | +€150,048 | +133.7% |
| Current portion of amounts payable after more than one year | 42 | - | €19,312 | +€19,312 | |
| Trade debts | 44 | €524 | - | -€524 | |
| Suppliers | 440/4 | €524 | - | -€524 | |
| Taxes, remuneration and social security | 45 | €7,005 | €12,207 | +€5,202 | +74.3% |
| Taxes | 450/3 | €4,176 | €12,207 | +€8,030 | +192.3% |
| Remuneration and social security | 454/9 | €2,828 | - | -€2,828 | |
| Other amounts payable | 47/48 | €104,738 | €230,796 | +€126,058 | +120.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,870 | €13,967 | +€6,096 | +77.5% |
| Other operating charges | 640/8 | - | €1,390 | +€1,390 | |
| Non-recurring operating charges | 66A | €733 | - | -€733 | |
| Gross operating margin | 9900 | €41,566 | €154,677 | +€113,110 | +272.1% |
| Operating profit (loss) | 9901 | €32,963 | €139,320 | +€106,356 | +322.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €464 | €4,392 | +€3,928 | +846.1% |
| Recurring financial charges | 65 | €464 | €4,392 | +€3,928 | +846.1% |
| Non-recurring financial charges | 66B | €464 | - | -€464 | |
| Profit (loss) for the period before taxes | 9903 | €32,501 | €134,928 | +€102,427 | +315.1% |
| Income taxes | 67/77 | €18,084 | €35,638 | +€17,553 | +97.1% |
| Profit (loss) for the period | 9904 | €14,417 | €99,290 | +€84,873 | +588.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,417 | €99,290 | +€84,873 | +588.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.