SALLET J.: 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.
SALLET J.
Largest movements
- Tangible fixed assets -€82,482
down €82,482 (-11.3%), from €728,722 to €646,240
of which Land and buildings: -€48,005
- Cash -€61,217
down €61,217 (-70.0%), from €87,422 to €26,205
mainly Debts after one year (-€150,917) and Net result for the year (-€71,129)
- Receivables after one year -€24,000
down €24,000 (-8.7%), from €275,000 to €251,000
- Debts after one year -€150,917
down €150,917 (-28.9%), from €522,172 to €371,255
- Reserves -€71,129
down €71,129 (-30.4%), from €233,870 to €162,741
of which Distributable reserves: -€71,129
- Other debts +€32,195
up €32,195 (+24.6%), from €130,973 to €163,168
- Gross operating margin -€67,149
down €67,149 (-31.5%), from €213,131 to €145,983
- Financial charges -€7,440
down €7,440 (-25.7%), from €29,004 to €21,564
- Depreciation +€4,449
up €4,449 (+4.0%), from €110,008 to €114,456
- Financial income -€3,959
down €3,959 (-28.6%), from €13,821 to €9,862
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.
Derived cash bridge
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 | €1,210,806 | €1,029,696 | -€181,110 | -15.0% |
| Fixed assets | 21/28 | €729,416 | €646,934 | -€82,482 | -11.3% |
| Tangible fixed assets | 22/27 | €728,722 | €646,240 | -€82,482 | -11.3% |
| Land and buildings | 22 | €514,440 | €466,435 | -€48,005 | -9.3% |
| Plant, machinery and equipment | 23 | €14,377 | €18,809 | +€4,433 | +30.8% |
| Furniture and vehicles | 24 | €199,905 | €160,995 | -€38,910 | -19.5% |
| Financial fixed assets | 28 | €694 | €694 | = | 0.0% |
| Current assets | 29/58 | €481,390 | €382,762 | -€98,628 | -20.5% |
| Amounts receivable after more than one year | 29 | €275,000 | €251,000 | -€24,000 | -8.7% |
| Other amounts receivable | 291 | €275,000 | €251,000 | -€24,000 | -8.7% |
| Amounts receivable within one year | 40/41 | €96,381 | €85,424 | -€10,956 | -11.4% |
| Trade receivables | 40 | €12,792 | €23,691 | +€10,899 | +85.2% |
| Other amounts receivable | 41 | €83,588 | €61,733 | -€21,855 | -26.1% |
| Cash at bank and in hand | 54/58 | €87,422 | €26,205 | -€61,217 | -70.0% |
| Deferred charges and accrued income | 490/1 | €22,588 | €20,133 | -€2,455 | -10.9% |
| Total equity and liabilities | 10/49 | €1,210,806 | €1,029,696 | -€181,110 | -15.0% |
| Equity | 10/15 | €345,370 | €274,241 | -€71,129 | -20.6% |
| Contributions | 10/11 | €111,500 | €111,500 | = | 0.0% |
| Capital | 10 | €111,500 | €111,500 | = | 0.0% |
| Issued capital | 100 | €111,500 | €111,500 | = | 0.0% |
| Reserves | 13 | €233,870 | €162,741 | -€71,129 | -30.4% |
| Non-distributable reserves | 130/1 | €11,150 | €11,150 | = | 0.0% |
| Legal reserve | 130 | €11,150 | €11,150 | = | 0.0% |
| Distributable reserves | 133 | €222,720 | €151,591 | -€71,129 | -31.9% |
| Amounts payable | 17/49 | €865,436 | €755,455 | -€109,981 | -12.7% |
| Amounts payable after more than one year | 17 | €522,172 | €371,255 | -€150,917 | -28.9% |
| Financial debts | 170/4 | €522,172 | €371,255 | -€150,917 | -28.9% |
| Amounts payable within one year | 42/48 | €328,830 | €372,138 | +€43,308 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €156,412 | €163,206 | +€6,794 | +4.3% |
| Trade debts | 44 | €14,554 | €15,328 | +€774 | +5.3% |
| Suppliers | 440/4 | €14,554 | €15,328 | +€774 | +5.3% |
| Taxes, remuneration and social security | 45 | €26,891 | €30,435 | +€3,544 | +13.2% |
| Taxes | 450/3 | €8,470 | €9,283 | +€813 | +9.6% |
| Remuneration and social security | 454/9 | €18,421 | €21,152 | +€2,731 | +14.8% |
| Other amounts payable | 47/48 | €130,973 | €163,168 | +€32,195 | +24.6% |
| Accrued charges and deferred income | 492/3 | €14,434 | €12,062 | -€2,372 | -16.4% |
| Remuneration, social security and pensions | 62 | €78,872 | €80,173 | +€1,301 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,008 | €114,456 | +€4,449 | +4.0% |
| Other operating charges | 640/8 | €11,363 | €9,968 | -€1,395 | -12.3% |
| Gross operating margin | 9900 | €213,131 | €145,983 | -€67,149 | -31.5% |
| Operating profit (loss) | 9901 | €12,889 | -€58,615 | -€71,503 | |
| Financial income | 75/76B | €13,821 | €9,862 | -€3,959 | -28.6% |
| Recurring financial income | 75 | €13,821 | €9,862 | -€3,959 | -28.6% |
| Financial charges | 65/66B | €29,004 | €21,564 | -€7,440 | -25.7% |
| Recurring financial charges | 65 | €29,004 | €21,564 | -€7,440 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,294 | -€70,317 | -€68,023 | -2,966% |
| Income taxes | 67/77 | €813 | €812 | -€1 | -0.1% |
| Profit (loss) for the period | 9904 | -€3,107 | -€71,129 | -€68,022 | -2,190% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,107 | -€71,129 | -€68,022 | -2,190% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.