Salens: 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.
What changed
Salens
NACE 46.471, Wholesale trade
financial year 30-06-2024 against 31-12-2024filed annual accounts (NBB)
Net result for the year
-€57,845
30-06-2024 · -€31,715-€26,130
Equity
-€102,453
30-06-2024 · -€44,608-€57,845
Cash
€39,333
30-06-2024 · €37,472+€1,860
Balance sheet total
€848,115
30-06-2024 · €861,183-€13,068
Largest movements
Assets
- Receivables within one year -€82,397
down €82,397 (-18.9%), from €436,856 to €354,459
of which Trade receivables: -€85,299
- Stocks and contracts +€69,764
up €69,764 (+25.0%), from €278,786 to €348,549
Equity and liabilities
- Trade debts +€60,808
up €60,808 (+17.7%), from €343,297 to €404,105
- Profit (loss) carried forward -€57,845
down €57,845 (-51.2%), from -€113,056 to -€170,901
- Advances received -€22,504
down €22,504 (-29.5%), from €76,333 to €53,829
Income statement
- Gross operating margin -€427,623
down €427,623 (-77.0%), from €555,502 to €127,879
- Staff costs -€340,859
down €340,859 (-66.5%), from €512,680 to €171,822
- Financial charges -€22,472
down €22,472 (-70.3%), from €31,975 to €9,502
- Depreciation -€15,101
down €15,101 (-66.9%), from €22,579 to €7,478
- Write-downs +€11,945
up €11,945, from -€11,945 to €0
From the 30-06-2024 result to the 31-12-2024 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.
Result 30-06-2024
-€31,715
Gross operating margin
-€427,623
Staff costs
+€340,859
Depreciation
+€15,101
Write-downs
-€11,945
Other operating charges
+€9,236
Other operating items
+€35,018
Financial income
-€9,663
Financial charges
+€22,472
Taxes
+€416
Result 31-12-2024
-€57,845
Cash bridge derived
Derived from the 30-06-2024 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4,217
Investment
-€2,357
Financing
€0
Cash 30-06-2024
€37,472
From operations (derived)
+€4,217
Net result for the year
-€57,845
Depreciation
+€7,478
Stocks and contracts
-€69,764
Receivables within one year
+€82,397
Deferred charges and accrued income
-€2,826
Trade debts
+€60,808
Tax, wage and social debts
+€199
Advances received
-€22,504
Other debts
+€3,197
Accrued charges and deferred income
+€3,077
Investment (derived)
-€2,357
Investment in fixed assets (net)
-€2,357
Cash 31-12-2024
€39,333
Every line side by side
| Line | Code | 30-06-2024 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €861,183 | €848,115 | -€13,068 | -1.5% |
| Fixed assets | 21/28 | €89,771 | €84,650 | -€5,121 | -5.7% |
| Intangible fixed assets | 21 | €4,072 | €3,562 | -€510 | -12.5% |
| Tangible fixed assets | 22/27 | €85,700 | €81,088 | -€4,611 | -5.4% |
| Plant, machinery and equipment | 23 | €826 | €738 | -€88 | -10.6% |
| Furniture and vehicles | 24 | €15,031 | €12,446 | -€2,585 | -17.2% |
| Other tangible fixed assets | 26 | €69,843 | €67,904 | -€1,939 | -2.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €771,412 | €763,465 | -€7,947 | -1.0% |
| Stocks and contracts in progress | 3 | €278,786 | €348,549 | +€69,764 | +25.0% |
| Stocks | 30/36 | €278,786 | €348,549 | +€69,764 | +25.0% |
| Amounts receivable within one year | 40/41 | €436,856 | €354,459 | -€82,397 | -18.9% |
| Trade receivables | 40 | €436,856 | €351,557 | -€85,299 | -19.5% |
| Other amounts receivable | 41 | €0 | €2,902 | +€2,902 | |
| Cash at bank and in hand | 54/58 | €37,472 | €39,333 | +€1,860 | +5.0% |
| Deferred charges and accrued income | 490/1 | €18,298 | €21,124 | +€2,826 | +15.4% |
| Total equity and liabilities | 10/49 | €861,183 | €848,115 | -€13,068 | -1.5% |
| Equity | 10/15 | -€44,608 | -€102,453 | -€57,845 | -129.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,448 | €6,448 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,056 | -€170,901 | -€57,845 | -51.2% |
| Amounts payable | 17/49 | €905,791 | €950,568 | +€44,777 | +4.9% |
| Amounts payable within one year | 42/48 | €894,878 | €936,578 | +€41,700 | +4.7% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €343,297 | €404,105 | +€60,808 | +17.7% |
| Suppliers | 440/4 | €343,297 | €404,105 | +€60,808 | +17.7% |
| Advances received on contracts in progress | 46 | €76,333 | €53,829 | -€22,504 | -29.5% |
| Taxes, remuneration and social security | 45 | €93,885 | €94,083 | +€199 | +0.2% |
| Taxes | 450/3 | €37,052 | €56,489 | +€19,437 | +52.5% |
| Remuneration and social security | 454/9 | €56,833 | €37,594 | -€19,238 | -33.9% |
| Other amounts payable | 47/48 | €131,363 | €134,561 | +€3,197 | +2.4% |
| Accrued charges and deferred income | 492/3 | €10,913 | €13,990 | +€3,077 | +28.2% |
| Non-recurring operating income | 76A | €318 | €1,850 | +€1,532 | +482.2% |
| Remuneration, social security and pensions | 62 | €512,680 | €171,822 | -€340,859 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,579 | €7,478 | -€15,101 | -66.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,945 | €0 | +€11,945 | |
| Other operating charges | 640/8 | €10,593 | €1,357 | -€9,236 | -87.2% |
| Non-recurring operating charges | 66A | €35,203 | €185 | -€35,018 | -99.5% |
| Gross operating margin | 9900 | €555,502 | €127,879 | -€427,623 | -77.0% |
| Operating profit (loss) | 9901 | -€13,608 | -€52,963 | -€39,355 | -289.2% |
| Financial income | 75/76B | €14,875 | €5,212 | -€9,663 | -65.0% |
| Recurring financial income | 75 | €14,875 | €5,212 | -€9,663 | -65.0% |
| Financial charges | 65/66B | €31,975 | €9,502 | -€22,472 | -70.3% |
| Recurring financial charges | 65 | €31,975 | €9,502 | -€22,472 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,708 | -€57,253 | -€26,545 | -86.4% |
| Income taxes | 67/77 | €1,008 | €592 | -€416 | -41.2% |
| Profit (loss) for the period | 9904 | -€31,715 | -€57,845 | -€26,130 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,715 | -€57,845 | -€26,130 | -82.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.