SALGIMMO: 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.
SALGIMMO
Largest movements
- Receivables within one year +€256,253
up €256,253 (+140.9%), from €181,845 to €438,097
of which Other amounts receivable: +€256,253
- Tangible fixed assets -€57,600
down €57,600 (-16.5%), from €348,517 to €290,916
- Deferred charges and accrued income +€17,002
up €17,002, from €0 to €17,002
- Reserves +€107,187
up €107,187 (+246.6%), from €43,466 to €150,653
of which Tax-exempt reserves: +€107,187
- Profit (loss) carried forward +€35,283
up €35,283, from -€8,890 to €26,394
- Provisions +€31,360
up €31,360 (+308.6%), from €10,162 to €41,522
- Trade debts +€19,233
up €19,233 (+165.5%), from €11,618 to €30,851
- Current portion of long-term debt +€13,367
up €13,367 (+55.6%), from €24,035 to €37,402
- Gross operating margin +€181,189
up €181,189 (+354.1%), from €51,173 to €232,361
- Depreciation -€22,515
down €22,515 (-50.9%), from €44,197 to €21,682
- Write-downs +€17,050
new in 2025: €17,050
- Purchases and services +€8,755
up €8,755 (+51.9%), from €16,877 to €25,632
- Other operating charges -€5,314
down €5,314 (-18.8%), from €28,248 to €22,934
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 | €532,214 | €748,176 | +€215,963 | +40.6% |
| Fixed assets | 21/28 | €348,917 | €292,066 | -€56,850 | -16.3% |
| Tangible fixed assets | 22/27 | €348,517 | €290,916 | -€57,600 | -16.5% |
| Land and buildings | 22 | €348,517 | €290,916 | -€57,600 | -16.5% |
| Financial fixed assets | 28 | €400 | €1,150 | +€750 | +187.5% |
| Current assets | 29/58 | €183,297 | €456,110 | +€272,813 | +148.8% |
| Amounts receivable within one year | 40/41 | €181,845 | €438,097 | +€256,253 | +140.9% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €181,845 | €438,097 | +€256,253 | +140.9% |
| Cash at bank and in hand | 54/58 | €1,452 | €1,010 | -€442 | -30.4% |
| Deferred charges and accrued income | 490/1 | €0 | €17,002 | +€17,002 | |
| Total equity and liabilities | 10/49 | €532,214 | €748,176 | +€215,963 | +40.6% |
| Equity | 10/15 | €284,151 | €426,621 | +€142,470 | +50.1% |
| Contributions | 10/11 | €249,574 | €249,574 | = | 0.0% |
| Capital | 10 | €249,574 | €249,574 | = | 0.0% |
| Issued capital | 100 | €249,574 | €249,574 | = | 0.0% |
| Reserves | 13 | €43,466 | €150,653 | +€107,187 | +246.6% |
| Non-distributable reserves | 130/1 | €24,957 | €24,957 | = | 0.0% |
| Legal reserve | 130 | €24,957 | €24,957 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,509 | €125,695 | +€107,187 | +579.1% |
| Profit (loss) carried forward | 14 | -€8,890 | €26,394 | +€35,283 | |
| Provisions and deferred taxes | 16 | €10,162 | €41,522 | +€31,360 | +308.6% |
| Deferred taxes | 168 | €10,162 | €41,522 | +€31,360 | +308.6% |
| Amounts payable | 17/49 | €237,900 | €280,033 | +€42,133 | +17.7% |
| Amounts payable after more than one year | 17 | €199,458 | €205,170 | +€5,712 | +2.9% |
| Financial debts | 170/4 | €197,576 | €204,468 | +€6,892 | +3.5% |
| Other amounts payable | 178/9 | €1,882 | €702 | -€1,180 | -62.7% |
| Amounts payable within one year | 42/48 | €38,443 | €74,100 | +€35,658 | +92.8% |
| Current portion of amounts payable after more than one year | 42 | €24,035 | €37,402 | +€13,367 | +55.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,618 | €30,851 | +€19,233 | +165.5% |
| Suppliers | 440/4 | €11,618 | €30,851 | +€19,233 | +165.5% |
| Taxes, remuneration and social security | 45 | €1,450 | €5,847 | +€4,398 | +303.3% |
| Taxes | 450/3 | €1,450 | €5,847 | +€4,398 | +303.3% |
| Other amounts payable | 47/48 | €1,340 | €0 | -€1,340 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €763 | +€763 | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,877 | €25,632 | +€8,755 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,197 | €21,682 | -€22,515 | -50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,050 | +€17,050 | |
| Other operating charges | 640/8 | €28,248 | €22,934 | -€5,314 | -18.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €51,173 | €232,361 | +€181,189 | +354.1% |
| Operating profit (loss) | 9901 | -€21,272 | €170,695 | +€191,967 | |
| Financial income | 75/76B | €15,602 | €17,004 | +€1,403 | +9.0% |
| Recurring financial income | 75 | €15,602 | €17,004 | +€1,403 | +9.0% |
| Financial charges | 65/66B | €11,629 | €9,471 | -€2,158 | -18.6% |
| Recurring financial charges | 65 | €11,629 | €9,471 | -€2,158 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,300 | €178,228 | +€195,528 | |
| Transfer from deferred taxes | 780 | €1,159 | €14,661 | +€13,501 | +1164.6% |
| Transfer to deferred taxes | 680 | - | €46,021 | +€46,021 | |
| Income taxes | 67/77 | €1,450 | €4,398 | +€2,948 | +203.3% |
| Profit (loss) for the period | 9904 | -€17,591 | €142,470 | +€160,060 | |
| Transfer from tax-exempt reserves | 789 | €3,478 | €30,875 | +€27,397 | +787.7% |
| Transfer to tax-exempt reserves | 689 | - | €138,062 | +€138,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,113 | €35,283 | +€49,396 |
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 8 October 2026 via checked.be.