SALIP: 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.
SALIP
Largest movements
- Receivables after one year -€372,500
down €372,500 (-79.7%), from €467,500 to €95,000
- Tangible fixed assets +€247,310
up €247,310 (+15.3%), from €1.6m to €1.9m
- Reserves -€102,854
down €102,854 (-14.5%), from €710,131 to €607,277
of which Distributable reserves: -€73,690
- Debts after one year -€62,000
down €62,000 (-20.6%), from €301,500 to €239,500
- Other debts +€54,720
up €54,720 (+155.1%), from €35,280 to €90,000
- Tax, wage and social debts -€50,385
no longer reported in 2025 (was €50,385)
- Current portion of long-term debt +€33,467
up €33,467 (+54.0%), from €62,000 to €95,467
- Gross operating margin -€109,246
down €109,246 (-86.6%), from €126,096 to €16,850
- Taxes -€47,709
down €47,709, from €44,275 to -€3,434
- Depreciation +€40,080
up €40,080 (+50.8%), from €78,869 to €118,949
- Financial income -€4,000
no longer reported in 2025 (was €4,000)
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 | €2,159,296 | €2,048,624 | -€110,672 | -5.1% |
| Fixed assets | 21/28 | €1,617,172 | €1,864,482 | +€247,310 | +15.3% |
| Tangible fixed assets | 22/27 | €1,617,172 | €1,864,482 | +€247,310 | +15.3% |
| Land and buildings | 22 | €1,617,172 | €1,864,482 | +€247,310 | +15.3% |
| Current assets | 29/58 | €542,124 | €184,141 | -€357,982 | -66.0% |
| Amounts receivable after more than one year | 29 | €467,500 | €95,000 | -€372,500 | -79.7% |
| Other amounts receivable | 291 | €467,500 | €95,000 | -€372,500 | -79.7% |
| Amounts receivable within one year | 40/41 | €72,066 | €76,000 | +€3,934 | +5.5% |
| Trade receivables | 40 | €4,253 | - | -€4,253 | |
| Other amounts receivable | 41 | €67,813 | €76,000 | +€8,187 | +12.1% |
| Cash at bank and in hand | 54/58 | €2,557 | €1,894 | -€663 | -25.9% |
| Deferred charges and accrued income | 490/1 | - | €11,247 | +€11,247 | |
| Total equity and liabilities | 10/49 | €2,159,296 | €2,048,624 | -€110,672 | -5.1% |
| Equity | 10/15 | €1,710,131 | €1,607,277 | -€102,854 | -6.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €710,131 | €607,277 | -€102,854 | -14.5% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,864 | €41,701 | -€29,163 | -41.2% |
| Distributable reserves | 133 | €539,267 | €465,576 | -€73,690 | -13.7% |
| Amounts payable | 17/49 | €449,165 | €441,347 | -€7,819 | -1.7% |
| Amounts payable after more than one year | 17 | €301,500 | €239,500 | -€62,000 | -20.6% |
| Financial debts | 170/4 | €301,500 | €239,500 | -€62,000 | -20.6% |
| Amounts payable within one year | 42/48 | €147,665 | €195,947 | +€48,281 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €62,000 | €95,467 | +€33,467 | +54.0% |
| Trade debts | 44 | - | €10,480 | +€10,480 | |
| Suppliers | 440/4 | - | €10,480 | +€10,480 | |
| Taxes, remuneration and social security | 45 | €50,385 | - | -€50,385 | |
| Taxes | 450/3 | €50,385 | - | -€50,385 | |
| Other amounts payable | 47/48 | €35,280 | €90,000 | +€54,720 | +155.1% |
| Accrued charges and deferred income | 492/3 | - | €5,900 | +€5,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,869 | €118,949 | +€40,080 | +50.8% |
| Gross operating margin | 9900 | €126,096 | €16,850 | -€109,246 | -86.6% |
| Operating profit (loss) | 9901 | €47,227 | -€102,099 | -€149,326 | |
| Financial income | 75/76B | €4,000 | - | -€4,000 | |
| Recurring financial income | 75 | €4,000 | - | -€4,000 | |
| Financial charges | 65/66B | €4,808 | €4,189 | -€620 | -12.9% |
| Recurring financial charges | 65 | €4,808 | €4,189 | -€620 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €46,419 | -€106,288 | -€152,707 | |
| Income taxes | 67/77 | €44,275 | -€3,434 | -€47,709 | |
| Profit (loss) for the period | 9904 | €2,144 | -€102,854 | -€104,998 | |
| Transfer from tax-exempt reserves | 789 | €29,163 | €29,163 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,307 | -€73,690 | -€104,998 |
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 3 October 2026 via checked.be.