SALITHO: 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.
SALITHO
Largest movements
- Tangible fixed assets -€11,266
down €11,266 (-59.9%), from €18,814 to €7,549
of which Furniture and vehicles: -€7,859
- Cash -€10,340
down €10,340 (-8.0%), from €129,129 to €118,789
mainly Contributions, distributions and other (-€125,383) and Receivables within one year (-€3,044)
- Receivables within one year +€3,044
up €3,044 (+23.2%), from €13,119 to €16,163
- Other debts +€49,117
up €49,117 (+165.9%), from €29,600 to €78,718
- Profit (loss) carried forward -€43,805
no longer reported in 2025 (was €43,805)
- Reserves -€25,000
down €25,000 (-13.7%), from €181,860 to €156,860
- Gross operating margin +€5,046
up €5,046 (+6.7%), from €74,845 to €79,890
- Taxes -€3,084
down €3,084 (-17.1%), from €18,040 to €14,956
- Financial income -€1,138
down €1,138 (-22.2%), from €5,137 to €3,999
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 | €287,711 | €269,289 | -€18,421 | -6.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,814 | €7,549 | -€11,266 | -59.9% |
| Tangible fixed assets | 22/27 | €18,814 | €7,549 | -€11,266 | -59.9% |
| Land and buildings | 22 | €7,588 | €5,691 | -€1,897 | -25.0% |
| Plant, machinery and equipment | 23 | €3,368 | €1,858 | -€1,510 | -44.8% |
| Furniture and vehicles | 24 | €7,859 | €0 | -€7,859 | -100.0% |
| Current assets | 29/58 | €268,896 | €261,741 | -€7,155 | -2.7% |
| Amounts receivable within one year | 40/41 | €13,119 | €16,163 | +€3,044 | +23.2% |
| Trade receivables | 40 | €13,119 | €16,163 | +€3,044 | +23.2% |
| Current investments | 50/53 | €123,899 | €123,899 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,129 | €118,789 | -€10,340 | -8.0% |
| Deferred charges and accrued income | 490/1 | €2,749 | €2,890 | +€141 | +5.1% |
| Total equity and liabilities | 10/49 | €287,711 | €269,289 | -€18,421 | -6.4% |
| Equity | 10/15 | €244,265 | €175,460 | -€68,805 | -28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,860 | €156,860 | -€25,000 | -13.7% |
| Distributable reserves | 133 | €181,860 | €156,860 | -€25,000 | -13.7% |
| Profit (loss) carried forward | 14 | €43,805 | - | -€43,805 | |
| Amounts payable | 17/49 | €43,445 | €93,829 | +€50,384 | +116.0% |
| Amounts payable within one year | 42/48 | €43,445 | €93,829 | +€50,384 | +116.0% |
| Trade debts | 44 | €1,347 | €216 | -€1,131 | -84.0% |
| Suppliers | 440/4 | €1,347 | €216 | -€1,131 | -84.0% |
| Taxes, remuneration and social security | 45 | €12,498 | €14,896 | +€2,398 | +19.2% |
| Taxes | 450/3 | €12,498 | €14,896 | +€2,398 | +19.2% |
| Other amounts payable | 47/48 | €29,600 | €78,718 | +€49,117 | +165.9% |
| Non-recurring operating income | 76A | - | €3,114 | +€3,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,751 | €11,266 | +€514 | +4.8% |
| Other operating charges | 640/8 | €782 | €998 | +€216 | +27.6% |
| Gross operating margin | 9900 | €74,845 | €79,890 | +€5,046 | +6.7% |
| Operating profit (loss) | 9901 | €63,312 | €67,627 | +€4,315 | +6.8% |
| Financial income | 75/76B | €5,137 | €3,999 | -€1,138 | -22.2% |
| Recurring financial income | 75 | €5,137 | €3,999 | -€1,138 | -22.2% |
| Financial charges | 65/66B | €223 | €92 | -€131 | -58.7% |
| Recurring financial charges | 65 | €223 | €92 | -€131 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €68,225 | €71,534 | +€3,308 | +4.8% |
| Income taxes | 67/77 | €18,040 | €14,956 | -€3,084 | -17.1% |
| Profit (loss) for the period | 9904 | €50,185 | €56,578 | +€6,392 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,185 | €56,578 | +€6,392 | +12.7% |
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.