SALFI MANAGEMENT: 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.
SALFI MANAGEMENT
Largest movements
- Tangible fixed assets -€36,015
down €36,015 (-9.4%), from €384,716 to €348,701
of which Land and buildings: -€29,175
- Debts after one year -€60,085
down €60,085 (-44.0%), from €136,650 to €76,566
- Other debts +€59,235
up €59,235 (+72.2%), from €81,987 to €141,222
- Trade debts -€32,737
down €32,737 (-94.0%), from €34,814 to €2,076
- Current portion of long-term debt -€7,714
down €7,714 (-11.4%), from €67,798 to €60,085
- Reserves +€4,688
up €4,688 (+11.5%), from €40,727 to €45,415
- Gross operating margin +€8,467
up €8,467 (+6.3%), from €134,270 to €142,737
- Staff costs +€5,452
up €5,452 (+6.9%), from €79,041 to €84,493
- Financial charges -€3,621
down €3,621 (-29.5%), from €12,280 to €8,659
- Depreciation +€1,636
up €1,636 (+4.8%), from €34,379 to €36,015
- Other operating charges +€1,589
up €1,589 (+34.1%), from €4,658 to €6,247
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 | €403,315 | €370,038 | -€33,277 | -8.3% |
| Fixed assets | 21/28 | €384,716 | €348,701 | -€36,015 | -9.4% |
| Tangible fixed assets | 22/27 | €384,716 | €348,701 | -€36,015 | -9.4% |
| Land and buildings | 22 | €353,392 | €324,218 | -€29,175 | -8.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €31,324 | €24,484 | -€6,840 | -21.8% |
| Current assets | 29/58 | €18,599 | €21,337 | +€2,738 | +14.7% |
| Amounts receivable within one year | 40/41 | €11,654 | €12,692 | +€1,038 | +8.9% |
| Trade receivables | 40 | €8,457 | €0 | -€8,457 | -100% |
| Other amounts receivable | 41 | €3,197 | €12,692 | +€9,495 | +297% |
| Cash at bank and in hand | 54/58 | €4,613 | €6,114 | +€1,501 | +32.5% |
| Deferred charges and accrued income | 490/1 | €2,332 | €2,532 | +€200 | +8.6% |
| Total equity and liabilities | 10/49 | €403,315 | €370,038 | -€33,277 | -8.3% |
| Equity | 10/15 | €59,327 | €64,015 | +€4,688 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,727 | €45,415 | +€4,688 | +11.5% |
| Distributable reserves | 133 | €40,727 | €45,415 | +€4,688 | +11.5% |
| Amounts payable | 17/49 | €343,988 | €306,023 | -€37,965 | -11.0% |
| Amounts payable after more than one year | 17 | €136,650 | €76,566 | -€60,085 | -44.0% |
| Financial debts | 170/4 | €136,650 | €76,566 | -€60,085 | -44.0% |
| Amounts payable within one year | 42/48 | €207,293 | €226,593 | +€19,299 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €67,798 | €60,085 | -€7,714 | -11.4% |
| Trade debts | 44 | €34,814 | €2,076 | -€32,737 | -94.0% |
| Suppliers | 440/4 | €34,814 | €2,076 | -€32,737 | -94.0% |
| Taxes, remuneration and social security | 45 | €22,694 | €23,210 | +€515 | +2.3% |
| Taxes | 450/3 | €15,016 | €16,179 | +€1,164 | +7.7% |
| Remuneration and social security | 454/9 | €7,679 | €7,031 | -€648 | -8.4% |
| Other amounts payable | 47/48 | €81,987 | €141,222 | +€59,235 | +72.2% |
| Accrued charges and deferred income | 492/3 | €45 | €2,865 | +€2,820 | +6,280% |
| Remuneration, social security and pensions | 62 | €79,041 | €84,493 | +€5,452 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,379 | €36,015 | +€1,636 | +4.8% |
| Other operating charges | 640/8 | €4,658 | €6,247 | +€1,589 | +34.1% |
| Non-recurring operating charges | 66A | €161 | €0 | -€161 | -100% |
| Gross operating margin | 9900 | €134,270 | €142,737 | +€8,467 | +6.3% |
| Operating profit (loss) | 9901 | €16,032 | €15,983 | -€49 | -0.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,280 | €8,659 | -€3,621 | -29.5% |
| Recurring financial charges | 65 | €12,280 | €8,659 | -€3,621 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €3,752 | €7,323 | +€3,572 | +95.2% |
| Income taxes | 67/77 | €1,803 | €2,635 | +€832 | +46.1% |
| Profit (loss) for the period | 9904 | €1,948 | €4,688 | +€2,740 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €1,948 | €4,688 | +€2,740 | +141% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.