SALINE: 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.
SALINE
Largest movements
- Receivables within one year +€17,087
up €17,087 (+14.4%), from €118,439 to €135,526
of which Other amounts receivable: +€9,788
- Tangible fixed assets -€12,969
down €12,969 (-6.6%), from €196,999 to €184,030
of which Land and buildings: -€12,536
- Profit (loss) carried forward +€9,473
up €9,473 (+22.6%), from -€41,919 to -€32,446
- Current portion of long-term debt -€6,313
no longer reported in 2025 (was €6,313)
- Accrued charges and deferred income +€6,058
up €6,058 (+504.8%), from €1,200 to €7,258
- Investment grants -€4,558
down €4,558 (-13.2%), from €34,419 to €29,861
- Gross operating margin -€16,234
down €16,234 (-36.9%), from €43,984 to €27,749
- Taxes -€3,301
down €3,301 (-64.8%), from €5,090 to €1,789
- Other operating charges -€2,315
down €2,315 (-34.5%), from €6,703 to €4,388
- Financial charges -€1,718
down €1,718 (-31.8%), from €5,406 to €3,688
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 | €321,924 | €328,524 | +€6,600 | +2.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €198,999 | €186,030 | -€12,969 | -6.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €196,999 | €184,030 | -€12,969 | -6.6% |
| Land and buildings | 22 | €196,566 | €184,030 | -€12,536 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €433 | €0 | -€433 | -100.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €122,925 | €142,494 | +€19,569 | +15.9% |
| Amounts receivable within one year | 40/41 | €118,439 | €135,526 | +€17,087 | +14.4% |
| Trade receivables | 40 | €0 | €7,299 | +€7,299 | |
| Other amounts receivable | 41 | €118,439 | €128,227 | +€9,788 | +8.3% |
| Cash at bank and in hand | 54/58 | €4,486 | €6,968 | +€2,482 | +55.3% |
| Total equity and liabilities | 10/49 | €321,924 | €328,524 | +€6,600 | +2.1% |
| Equity | 10/15 | €216,500 | €221,415 | +€4,915 | +2.3% |
| Contributions | 10/11 | €224,000 | €224,000 | = | 0.0% |
| Capital | 10 | €224,000 | €224,000 | = | 0.0% |
| Issued capital | 100 | €224,000 | €224,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,919 | -€32,446 | +€9,473 | +22.6% |
| Investment grants | 15 | €34,419 | €29,861 | -€4,558 | -13.2% |
| Amounts payable | 17/49 | €105,424 | €107,109 | +€1,685 | +1.6% |
| Amounts payable after more than one year | 17 | €64,143 | €64,143 | = | 0.0% |
| Financial debts | 170/4 | €64,143 | €64,143 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,081 | €35,708 | -€4,373 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €6,313 | - | -€6,313 | |
| Trade debts | 44 | €23,147 | €24,657 | +€1,509 | +6.5% |
| Suppliers | 440/4 | €23,147 | €24,657 | +€1,509 | +6.5% |
| Taxes, remuneration and social security | 45 | €10,416 | €11,052 | +€636 | +6.1% |
| Taxes | 450/3 | €10,416 | €11,052 | +€636 | +6.1% |
| Other amounts payable | 47/48 | €205 | €0 | -€205 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | €7,258 | +€6,058 | +504.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,196 | €12,969 | -€227 | -1.7% |
| Other operating charges | 640/8 | €6,703 | €4,388 | -€2,315 | -34.5% |
| Gross operating margin | 9900 | €43,984 | €27,749 | -€16,234 | -36.9% |
| Operating profit (loss) | 9901 | €24,085 | €10,392 | -€13,693 | -56.9% |
| Financial income | 75/76B | €4,558 | €4,558 | = | 0.0% |
| Recurring financial income | 75 | €4,558 | €4,558 | = | 0.0% |
| Financial charges | 65/66B | €5,406 | €3,688 | -€1,718 | -31.8% |
| Recurring financial charges | 65 | €5,406 | €3,688 | -€1,718 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €23,237 | €11,262 | -€11,974 | -51.5% |
| Income taxes | 67/77 | €5,090 | €1,789 | -€3,301 | -64.8% |
| Profit (loss) for the period | 9904 | €18,147 | €9,473 | -€8,674 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,147 | €9,473 | -€8,674 | -47.8% |
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 5 October 2026 via checked.be.