SALI: 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.
What changed
SALI
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€80,108
2024 · €31,061-€111,169
Equity
€1.4m
2024 · €1.5m-€80,108
Cash
€3,608
2024 · €21,746-€18,137
Balance sheet total
€3.2m
2024 · €3.3m-€103,292
Largest movements
Assets
- Receivables within one year -€88,048
down €88,048 (-36.3%), from €242,667 to €154,619
Equity and liabilities
- Reserves -€80,108
down €80,108 (-5.6%), from €1.4m to €1.4m
of which Distributable reserves: -€80,108
Income statement
- Gross operating margin -€102,526
down €102,526 (-84.4%), from €121,473 to €18,948
- Financial charges +€15,687
up €15,687 (+23.4%), from €67,057 to €82,745
- Taxes -€7,524
down €7,524, from €6,934 to -€591
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.
Result 2024
€31,061
Gross operating margin
-€102,526
Depreciation
-€0
Other operating charges
-€860
Financial income
+€379
Financial charges
-€15,687
Taxes
+€7,524
Result 2025
-€80,108
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.
From operations
+€19,484
Investment
€0
Financing
-€37,621
Cash 2024
€21,746
From operations (derived)
+€19,484
Net result for the year
-€80,108
Depreciation
+€16,561
Stocks and contracts
-€19,454
Receivables within one year
+€88,048
Trade debts
+€109
Tax, wage and social debts
-€10,140
Other debts
+€24,468
Financing
-€37,621
Debts after one year
-€23,877
Current portion of long-term debt
-€13,744
Cash 2025
€3,608
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,331,573 | €3,228,281 | -€103,292 | -3.1% |
| Fixed assets | 21/28 | €467,238 | €450,677 | -€16,561 | -3.5% |
| Tangible fixed assets | 22/27 | €467,238 | €450,677 | -€16,561 | -3.5% |
| Land and buildings | 22 | €467,238 | €450,677 | -€16,561 | -3.5% |
| Current assets | 29/58 | €2,864,335 | €2,777,604 | -€86,731 | -3.0% |
| Stocks and contracts in progress | 3 | €2,599,923 | €2,619,377 | +€19,454 | +0.7% |
| Stocks | 30/36 | €2,599,923 | €2,619,377 | +€19,454 | +0.7% |
| Amounts receivable within one year | 40/41 | €242,667 | €154,619 | -€88,048 | -36.3% |
| Other amounts receivable | 41 | €242,667 | €154,619 | -€88,048 | -36.3% |
| Cash at bank and in hand | 54/58 | €21,746 | €3,608 | -€18,137 | -83.4% |
| Total equity and liabilities | 10/49 | €3,331,573 | €3,228,281 | -€103,292 | -3.1% |
| Equity | 10/15 | €1,500,672 | €1,420,564 | -€80,108 | -5.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,438,699 | €1,358,591 | -€80,108 | -5.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,432,501 | €1,352,394 | -€80,108 | -5.6% |
| Amounts payable | 17/49 | €1,830,901 | €1,807,717 | -€23,184 | -1.3% |
| Amounts payable after more than one year | 17 | €203,926 | €180,049 | -€23,877 | -11.7% |
| Financial debts | 170/4 | €203,926 | €180,049 | -€23,877 | -11.7% |
| Amounts payable within one year | 42/48 | €1,626,975 | €1,627,668 | +€693 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €37,621 | €23,877 | -€13,744 | -36.5% |
| Financial debts | 43 | €1,090,000 | €1,090,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,090,000 | €1,090,000 | = | 0.0% |
| Trade debts | 44 | €2,205 | €2,313 | +€109 | +4.9% |
| Suppliers | 440/4 | €2,205 | €2,313 | +€109 | +4.9% |
| Taxes, remuneration and social security | 45 | €10,140 | - | -€10,140 | |
| Taxes | 450/3 | €10,140 | - | -€10,140 | |
| Other amounts payable | 47/48 | €487,010 | €511,477 | +€24,468 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,561 | €16,561 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,377 | €4,237 | +€860 | +25.5% |
| Gross operating margin | 9900 | €121,473 | €18,948 | -€102,526 | -84.4% |
| Operating profit (loss) | 9901 | €101,536 | -€1,850 | -€103,386 | |
| Financial income | 75/76B | €3,517 | €3,896 | +€379 | +10.8% |
| Recurring financial income | 75 | €3,517 | €3,896 | +€379 | +10.8% |
| Financial charges | 65/66B | €67,057 | €82,745 | +€15,687 | +23.4% |
| Recurring financial charges | 65 | €67,057 | €82,745 | +€15,687 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €37,995 | -€80,698 | -€118,694 | |
| Income taxes | 67/77 | €6,934 | -€591 | -€7,524 | |
| Profit (loss) for the period | 9904 | €31,061 | -€80,108 | -€111,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,061 | -€80,108 | -€111,169 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.