SALENTINO: 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.
SALENTINO
Largest movements
- Cash +€11,921
up €11,921 (+918%), from €1,299 to €13,220
mainly Net result for the year (+€24,211) and Tax, wage and social debts (+€3,579)
- Receivables within one year +€1,986
up €1,986 (+5.5%), from €35,998 to €37,984
of which Trade receivables: +€4,840
- Profit (loss) carried forward +€19,519
up €19,519 (+416%), from €4,693 to €24,211
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Reserves +€4,693
up €4,693 (+4.6%), from €101,410 to €106,102
of which Distributable reserves: +€4,693
- Tax, wage and social debts +€3,579
up €3,579 (+48.6%), from €7,361 to €10,940
- Short-term financial debts -€2,582
no longer reported in 2025 (was €2,582)
- Gross operating margin -€19,271
down €19,271 (-38.5%), from €50,002 to €30,731
- Staff costs -€11,730
down €11,730 (-92.2%), from €12,720 to €989
- Taxes +€2,444
up €2,444 (+37.6%), from €6,497 to €8,940
- Depreciation +€1,049
up €1,049 (+1,400%), from €75 to €1,124
- Financial charges -€600
down €600 (-77.7%), from €773 to €173
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 | €138,515 | €151,203 | +€12,688 | +9.2% |
| Fixed assets | 21/28 | €1,219 | - | -€1,219 | |
| Tangible fixed assets | 22/27 | €1,124 | - | -€1,124 | |
| Plant, machinery and equipment | 23 | €1,124 | - | -€1,124 | |
| Financial fixed assets | 28 | €95 | - | -€95 | |
| Current assets | 29/58 | €137,297 | €151,203 | +€13,907 | +10.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,998 | €37,984 | +€1,986 | +5.5% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €35,998 | €33,144 | -€2,854 | -7.9% |
| Cash at bank and in hand | 54/58 | €1,299 | €13,220 | +€11,921 | +918% |
| Total equity and liabilities | 10/49 | €138,515 | €151,203 | +€12,688 | +9.2% |
| Equity | 10/15 | €112,302 | €136,514 | +€24,211 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,410 | €106,102 | +€4,693 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,550 | €104,242 | +€4,693 | +4.7% |
| Profit (loss) carried forward | 14 | €4,693 | €24,211 | +€19,519 | +416% |
| Amounts payable | 17/49 | €26,213 | €14,690 | -€11,523 | -44.0% |
| Amounts payable within one year | 42/48 | €26,213 | €14,690 | -€11,523 | -44.0% |
| Financial debts | 43 | €2,582 | - | -€2,582 | |
| Credit institutions | 430/8 | €2,582 | - | -€2,582 | |
| Trade debts | 44 | €6,270 | €3,750 | -€2,521 | -40.2% |
| Suppliers | 440/4 | €6,270 | €3,750 | -€2,521 | -40.2% |
| Taxes, remuneration and social security | 45 | €7,361 | €10,940 | +€3,579 | +48.6% |
| Taxes | 450/3 | €7,361 | €10,940 | +€3,579 | +48.6% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €12,720 | €989 | -€11,730 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €1,124 | +€1,049 | +1,400% |
| Other operating charges | 640/8 | €356 | €144 | -€212 | -59.5% |
| Gross operating margin | 9900 | €50,002 | €30,731 | -€19,271 | -38.5% |
| Operating profit (loss) | 9901 | €36,852 | €28,474 | -€8,378 | -22.7% |
| Financial income | 75/76B | €5,110 | €4,850 | -€260 | -5.1% |
| Recurring financial income | 75 | €5,110 | €4,850 | -€260 | -5.1% |
| Financial charges | 65/66B | €773 | €173 | -€600 | -77.7% |
| Recurring financial charges | 65 | €773 | €173 | -€600 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €41,189 | €33,152 | -€8,038 | -19.5% |
| Income taxes | 67/77 | €6,497 | €8,940 | +€2,444 | +37.6% |
| Profit (loss) for the period | 9904 | €34,693 | €24,211 | -€10,481 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,693 | €24,211 | -€10,481 | -30.2% |
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 21 October 2026 via checked.be.