SALEV: 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.
SALEV
Largest movements
- Cash +€42,884
up €42,884 (+114%), from €37,750 to €80,635
mainly Net result for the year (+€41,582) and Tax, wage and social debts (+€3,726)
- Receivables within one year +€2,925
up €2,925 (+84.1%), from €3,478 to €6,403
- Profit (loss) carried forward +€41,582
up €41,582 (+149%), from €27,865 to €69,447
- Tax, wage and social debts +€3,726
up €3,726 (+53.4%), from €6,980 to €10,706
- Gross operating margin +€18,194
up €18,194 (+51.6%), from €35,240 to €53,434
- Taxes +€3,726
up €3,726 (+53.4%), from €6,980 to €10,706
- Financial charges +€746
new in 2025: €746
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 | €41,229 | €87,038 | +€45,809 | +111% |
| Current assets | 29/58 | €41,229 | €87,038 | +€45,809 | +111% |
| Amounts receivable within one year | 40/41 | €3,478 | €6,403 | +€2,925 | +84.1% |
| Trade receivables | 40 | €3,478 | €6,403 | +€2,925 | +84.1% |
| Cash at bank and in hand | 54/58 | €37,750 | €80,635 | +€42,884 | +114% |
| Total equity and liabilities | 10/49 | €41,229 | €87,038 | +€45,809 | +111% |
| Equity | 10/15 | €32,865 | €74,447 | +€41,582 | +127% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,865 | €69,447 | +€41,582 | +149% |
| Amounts payable | 17/49 | €8,363 | €12,591 | +€4,227 | +50.5% |
| Amounts payable within one year | 42/48 | €8,363 | €12,591 | +€4,227 | +50.5% |
| Trade debts | 44 | - | €225 | +€225 | |
| Suppliers | 440/4 | - | €225 | +€225 | |
| Taxes, remuneration and social security | 45 | €6,980 | €10,706 | +€3,726 | +53.4% |
| Taxes | 450/3 | €6,980 | €10,706 | +€3,726 | +53.4% |
| Other amounts payable | 47/48 | €1,383 | €1,660 | +€277 | +20.0% |
| Other operating charges | 640/8 | €395 | €400 | +€5 | +1.2% |
| Gross operating margin | 9900 | €35,240 | €53,434 | +€18,194 | +51.6% |
| Operating profit (loss) | 9901 | €34,846 | €53,035 | +€18,189 | +52.2% |
| Financial charges | 65/66B | - | €746 | +€746 | |
| Recurring financial charges | 65 | - | €746 | +€746 | |
| Profit (loss) for the period before taxes | 9903 | €34,846 | €52,288 | +€17,443 | +50.1% |
| Income taxes | 67/77 | €6,980 | €10,706 | +€3,726 | +53.4% |
| Profit (loss) for the period | 9904 | €27,865 | €41,582 | +€13,717 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,865 | €41,582 | +€13,717 | +49.2% |
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 19 October 2026 via checked.be.