SALGO: 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.
SALGO
Largest movements
- Cash -€2,915
down €2,915 (-52.2%), from €5,580 to €2,665
mainly Net result for the year (-€3,550) and Trade debts (-€517)
- Receivables within one year -€1,152
down €1,152 (-100.0%), from €1,152 to €0
- Profit (loss) carried forward -€3,550
down €3,550 (-46.6%), from -€7,612 to -€11,162
- Trade debts -€517
down €517 (-100.0%), from €517 to €0
- Other operating charges +€1,308
up €1,308 (+186.1%), from €703 to €2,011
- Gross operating margin -€443
down €443 (-42.3%), from -€1,046 to -€1,489
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 | €14,457 | €10,390 | -€4,067 | -28.1% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €14,232 | €10,165 | -€4,067 | -28.6% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,152 | €0 | -€1,152 | -100.0% |
| Other amounts receivable | 41 | €1,152 | €0 | -€1,152 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,580 | €2,665 | -€2,915 | -52.2% |
| Total equity and liabilities | 10/49 | €14,457 | €10,390 | -€4,067 | -28.1% |
| Equity | 10/15 | €4,888 | €1,338 | -€3,550 | -72.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,612 | -€11,162 | -€3,550 | -46.6% |
| Amounts payable | 17/49 | €9,569 | €9,052 | -€517 | -5.4% |
| Amounts payable within one year | 42/48 | €9,569 | €9,052 | -€517 | -5.4% |
| Trade debts | 44 | €517 | €0 | -€517 | -100.0% |
| Suppliers | 440/4 | €517 | €0 | -€517 | -100.0% |
| Other amounts payable | 47/48 | €9,052 | €9,052 | = | 0.0% |
| Other operating charges | 640/8 | €703 | €2,011 | +€1,308 | +186.1% |
| Gross operating margin | 9900 | -€1,046 | -€1,489 | -€443 | -42.3% |
| Operating profit (loss) | 9901 | -€1,749 | -€3,500 | -€1,751 | -100.1% |
| Financial charges | 65/66B | €46 | €50 | +€4 | +7.7% |
| Recurring financial charges | 65 | €46 | €50 | +€4 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,795 | -€3,550 | -€1,754 | -97.7% |
| Profit (loss) for the period | 9904 | -€1,795 | -€3,550 | -€1,754 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,795 | -€3,550 | -€1,754 | -97.7% |
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 6 October 2026 via checked.be.