SALENTU: 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.
SALENTU
Largest movements
- Cash -€55,344
down €55,344 (-46.5%), from €118,899 to €63,555
mainly Other debts (-€67,468) and Short-term financial debts (-€48,381)
- Tangible fixed assets -€41,649
down €41,649 (-7.1%), from €582,972 to €541,323
of which Land and buildings: -€38,465
- Receivables within one year -€17,251
down €17,251 (-12.9%), from €133,708 to €116,457
of which Other amounts receivable: -€17,001
- Other debts -€67,468
down €67,468 (-100.0%), from €67,468 to €0
- Short-term financial debts -€48,381
down €48,381 (-100.0%), from €48,381 to €0
- Profit (loss) carried forward +€38,042
up €38,042 (+14.3%), from €266,781 to €304,823
- Debts after one year -€32,082
down €32,082 (-22.6%), from €141,644 to €109,561
- Staff costs +€15,810
up €15,810 (+8.7%), from €182,480 to €198,291
- Taxes +€5,446
up €5,446 (+60.6%), from €8,979 to €14,425
- Financial charges -€3,930
down €3,930 (-17.3%), from €22,736 to €18,806
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 | €907,634 | €793,790 | -€113,844 | -12.5% |
| Fixed assets | 21/28 | €583,472 | €541,823 | -€41,649 | -7.1% |
| Tangible fixed assets | 22/27 | €582,972 | €541,323 | -€41,649 | -7.1% |
| Land and buildings | 22 | €571,862 | €533,397 | -€38,465 | -6.7% |
| Plant, machinery and equipment | 23 | €11,110 | €7,926 | -€3,184 | -28.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €324,163 | €251,967 | -€72,196 | -22.3% |
| Amounts receivable after more than one year | 29 | €66,000 | €66,000 | = | 0.0% |
| Other amounts receivable | 291 | €66,000 | €66,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,555 | €5,955 | +€400 | +7.2% |
| Stocks | 30/36 | €5,555 | €5,955 | +€400 | +7.2% |
| Amounts receivable within one year | 40/41 | €133,708 | €116,457 | -€17,251 | -12.9% |
| Trade receivables | 40 | €9,250 | €9,000 | -€250 | -2.7% |
| Other amounts receivable | 41 | €124,458 | €107,457 | -€17,001 | -13.7% |
| Cash at bank and in hand | 54/58 | €118,899 | €63,555 | -€55,344 | -46.5% |
| Total equity and liabilities | 10/49 | €907,634 | €793,790 | -€113,844 | -12.5% |
| Equity | 10/15 | €541,781 | €579,823 | +€38,042 | +7.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,781 | €304,823 | +€38,042 | +14.3% |
| Amounts payable | 17/49 | €365,853 | €213,967 | -€151,886 | -41.5% |
| Amounts payable after more than one year | 17 | €141,644 | €109,561 | -€32,082 | -22.6% |
| Financial debts | 170/4 | €141,644 | €109,561 | -€32,082 | -22.6% |
| Amounts payable within one year | 42/48 | €223,889 | €104,126 | -€119,764 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €36,763 | €37,157 | +€394 | +1.1% |
| Financial debts | 43 | €48,381 | €0 | -€48,381 | -100.0% |
| Credit institutions | 430/8 | €48,381 | €0 | -€48,381 | -100.0% |
| Trade debts | 44 | €38,154 | €34,675 | -€3,479 | -9.1% |
| Suppliers | 440/4 | €38,154 | €34,675 | -€3,479 | -9.1% |
| Taxes, remuneration and social security | 45 | €33,124 | €32,294 | -€830 | -2.5% |
| Taxes | 450/3 | €13,555 | €10,217 | -€3,338 | -24.6% |
| Remuneration and social security | 454/9 | €19,569 | €22,076 | +€2,508 | +12.8% |
| Other amounts payable | 47/48 | €67,468 | €0 | -€67,468 | -100.0% |
| Accrued charges and deferred income | 492/3 | €320 | €280 | -€40 | -12.6% |
| Non-recurring operating income | 76A | €8,264 | €0 | -€8,264 | -100.0% |
| Remuneration, social security and pensions | 62 | €182,480 | €198,291 | +€15,810 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,434 | €41,649 | +€2,215 | +5.6% |
| Other operating charges | 640/8 | €6,429 | €6,447 | +€19 | +0.3% |
| Gross operating margin | 9900 | €315,414 | €313,428 | -€1,986 | -0.6% |
| Operating profit (loss) | 9901 | €87,072 | €67,042 | -€20,030 | -23.0% |
| Financial income | 75/76B | €2,803 | €4,231 | +€1,428 | +51.0% |
| Recurring financial income | 75 | €2,093 | €2,796 | +€703 | +33.6% |
| Non-recurring financial income | 76B | €710 | €1,434 | +€725 | +102.1% |
| Financial charges | 65/66B | €22,736 | €18,806 | -€3,930 | -17.3% |
| Recurring financial charges | 65 | €22,736 | €18,806 | -€3,930 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €67,139 | €52,467 | -€14,672 | -21.9% |
| Income taxes | 67/77 | €8,979 | €14,425 | +€5,446 | +60.6% |
| Profit (loss) for the period | 9904 | €58,160 | €38,042 | -€20,118 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,160 | €38,042 | -€20,118 | -34.6% |
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 4 October 2026 via checked.be.