SALICES: 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.
SALICES
Largest movements
- Receivables within one year +€189,975
up €189,975 (+32.1%), from €592,664 to €782,639
of which Other amounts receivable: +€212,735
- Cash -€26,156
down €26,156 (-23.8%), from €109,840 to €83,684
mainly Receivables within one year (-€189,975) and Contributions, distributions and other (-€100,000)
- Other debts +€85,000
new in 2025: €85,000
- Tax, wage and social debts +€56,667
up €56,667 (+760.3%), from €7,453 to €64,120
of which Taxes: +€56,640
- Reserves +€26,920
up €26,920 (+2.7%), from €1.0m to €1.0m
of which Distributable reserves: +€26,920
- Gross operating margin -€21,217
down €21,217 (-11.7%), from €181,703 to €160,486
- Taxes -€3,393
down €3,393 (-7.5%), from €45,468 to €42,074
- Financial income -€2,398
down €2,398 (-15.7%), from €15,282 to €12,884
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 | €1,042,590 | €1,205,248 | +€162,658 | +15.6% |
| Fixed assets | 21/28 | €262,882 | €260,946 | -€1,935 | -0.7% |
| Tangible fixed assets | 22/27 | €8,882 | €6,946 | -€1,935 | -21.8% |
| Land and buildings | 22 | €7,608 | €6,086 | -€1,522 | -20.0% |
| Plant, machinery and equipment | 23 | €1,274 | €860 | -€413 | -32.5% |
| Financial fixed assets | 28 | €254,000 | €254,000 | = | 0.0% |
| Current assets | 29/58 | €779,708 | €944,302 | +€164,594 | +21.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €592,664 | €782,639 | +€189,975 | +32.1% |
| Trade receivables | 40 | €25,010 | €2,250 | -€22,760 | -91.0% |
| Other amounts receivable | 41 | €567,654 | €780,389 | +€212,735 | +37.5% |
| Cash at bank and in hand | 54/58 | €109,840 | €83,684 | -€26,156 | -23.8% |
| Deferred charges and accrued income | 490/1 | €2,204 | €2,979 | +€775 | +35.2% |
| Total equity and liabilities | 10/49 | €1,042,590 | €1,205,248 | +€162,658 | +15.6% |
| Equity | 10/15 | €1,024,499 | €1,051,418 | +€26,920 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,004,618 | €1,031,538 | +€26,920 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,002,758 | €1,029,678 | +€26,920 | +2.7% |
| Profit (loss) carried forward | 14 | €1,280 | €1,280 | = | 0.0% |
| Amounts payable | 17/49 | €18,091 | €153,830 | +€135,739 | +750.3% |
| Amounts payable within one year | 42/48 | €9,473 | €150,719 | +€141,246 | +1491.0% |
| Trade debts | 44 | €2,020 | €1,599 | -€421 | -20.9% |
| Suppliers | 440/4 | €2,020 | €1,599 | -€421 | -20.9% |
| Taxes, remuneration and social security | 45 | €7,453 | €64,120 | +€56,667 | +760.3% |
| Taxes | 450/3 | €2,697 | €59,337 | +€56,640 | +2100.1% |
| Remuneration and social security | 454/9 | €4,756 | €4,783 | +€27 | +0.6% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Accrued charges and deferred income | 492/3 | €8,618 | €3,111 | -€5,507 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €1,935 | +€1,520 | +366.3% |
| Other operating charges | 640/8 | €1,895 | €2,087 | +€192 | +10.1% |
| Gross operating margin | 9900 | €181,703 | €160,486 | -€21,217 | -11.7% |
| Operating profit (loss) | 9901 | €179,393 | €156,464 | -€22,929 | -12.8% |
| Financial income | 75/76B | €15,282 | €12,884 | -€2,398 | -15.7% |
| Recurring financial income | 75 | €15,282 | €12,884 | -€2,398 | -15.7% |
| Financial charges | 65/66B | €618 | €354 | -€264 | -42.7% |
| Recurring financial charges | 65 | €618 | €354 | -€264 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €194,057 | €168,994 | -€25,063 | -12.9% |
| Income taxes | 67/77 | €45,468 | €42,074 | -€3,393 | -7.5% |
| Profit (loss) for the period | 9904 | €148,589 | €126,920 | -€21,670 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,589 | €126,920 | -€21,670 | -14.6% |
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 4 October 2026 via checked.be.