SALM DANY: 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.
SALM DANY
Largest movements
- Tangible fixed assets +€24,891
up €24,891 (+50.4%), from €49,415 to €74,306
of which Furniture and vehicles: +€30,646
- Current investments -€24,699
down €24,699 (-48.6%), from €50,840 to €26,141
- Stocks and contracts +€12,261
up €12,261 (+5.1%), from €239,460 to €251,721
- Receivables within one year +€9,522
up €9,522 (+544%), from €1,750 to €11,272
of which Trade receivables: +€10,975
- Cash +€7,505
up €7,505 (+14.3%), from €52,519 to €60,024
mainly Net result for the year (+€45,014) and Current investments (+€24,699)
- Short-term financial debts -€30,200
down €30,200 (-100%), from €30,200 to €0
- Reserves +€27,573
up €27,573 (+108%), from €25,545 to €53,118
of which Distributable reserves: +€27,573
- Other debts +€17,304
up €17,304 (+5,041%), from €343 to €17,647
- Tax, wage and social debts +€9,272
up €9,272 (+30.6%), from €30,304 to €39,575
of which Taxes: +€8,311
- Trade debts +€7,987
up €7,987 (+67.0%), from €11,919 to €19,906
- Turnover -€440,707
no longer reported in 2025 (was €440,707)
- Purchases and services -€307,402
no longer reported in 2025 (was €307,402)
- Gross operating margin +€84,821
up €84,821 (+63.6%), from €133,305 to €218,126
- Staff costs +€14,957
up €14,957 (+11.7%), from €127,297 to €142,254
- Other operating charges -€6,108
down €6,108 (-76.4%), from €7,994 to €1,886
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 | €398,213 | €432,114 | +€33,901 | +8.5% |
| Fixed assets | 21/28 | €49,415 | €74,306 | +€24,891 | +50.4% |
| Tangible fixed assets | 22/27 | €49,415 | €74,306 | +€24,891 | +50.4% |
| Plant, machinery and equipment | 23 | €21,676 | €15,921 | -€5,755 | -26.6% |
| Furniture and vehicles | 24 | €27,739 | €58,385 | +€30,646 | +110% |
| Current assets | 29/58 | €348,799 | €357,808 | +€9,009 | +2.6% |
| Stocks and contracts in progress | 3 | €239,460 | €251,721 | +€12,261 | +5.1% |
| Stocks | 30/36 | €239,460 | €251,721 | +€12,261 | +5.1% |
| Amounts receivable within one year | 40/41 | €1,750 | €11,272 | +€9,522 | +544% |
| Trade receivables | 40 | €297 | €11,272 | +€10,975 | +3,689% |
| Other amounts receivable | 41 | €1,453 | €0 | -€1,453 | -100% |
| Current investments | 50/53 | €50,840 | €26,141 | -€24,699 | -48.6% |
| Cash at bank and in hand | 54/58 | €52,519 | €60,024 | +€7,505 | +14.3% |
| Deferred charges and accrued income | 490/1 | €4,229 | €8,649 | +€4,420 | +105% |
| Total equity and liabilities | 10/49 | €398,213 | €432,114 | +€33,901 | +8.5% |
| Equity | 10/15 | €324,947 | €352,519 | +€27,573 | +8.5% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €25,545 | €53,118 | +€27,573 | +108% |
| Non-distributable reserves | 130/1 | €8,103 | €8,103 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,103 | €8,103 | = | 0.0% |
| Distributable reserves | 133 | €17,442 | €45,014 | +€27,573 | +158% |
| Profit (loss) carried forward | 14 | €89,401 | €89,401 | = | 0.0% |
| Amounts payable | 17/49 | €73,266 | €79,594 | +€6,328 | +8.6% |
| Amounts payable within one year | 42/48 | €73,266 | €79,594 | +€6,328 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €500 | €500 | = | 0.0% |
| Financial debts | 43 | €30,200 | €0 | -€30,200 | -100% |
| Credit institutions | 430/8 | €30,200 | €0 | -€30,200 | -100% |
| Trade debts | 44 | €11,919 | €19,906 | +€7,987 | +67.0% |
| Suppliers | 440/4 | €11,919 | €19,906 | +€7,987 | +67.0% |
| Advances received on contracts in progress | 46 | - | €1,966 | +€1,966 | |
| Taxes, remuneration and social security | 45 | €30,304 | €39,575 | +€9,272 | +30.6% |
| Taxes | 450/3 | €6,105 | €14,416 | +€8,311 | +136% |
| Remuneration and social security | 454/9 | €24,198 | €25,159 | +€961 | +4.0% |
| Other amounts payable | 47/48 | €343 | €17,647 | +€17,304 | +5,041% |
| Turnover | 70 | €440,707 | - | -€440,707 | |
| Non-recurring operating income | 76A | - | €4,296 | +€4,296 | |
| Goods, raw materials, services and sundry goods | 60/61 | €307,402 | - | -€307,402 | |
| Remuneration, social security and pensions | 62 | €127,297 | €142,254 | +€14,957 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,183 | €23,509 | +€1,326 | +6.0% |
| Other operating charges | 640/8 | €7,994 | €1,886 | -€6,108 | -76.4% |
| Gross operating margin | 9900 | €133,305 | €218,126 | +€84,821 | +63.6% |
| Operating profit (loss) | 9901 | -€24,168 | €50,478 | +€74,646 | |
| Financial income | 75/76B | €27 | €941 | +€915 | +3,441% |
| Recurring financial income | 75 | €27 | €941 | +€915 | +3,441% |
| Financial charges | 65/66B | €2,001 | €1,519 | -€482 | -24.1% |
| Recurring financial charges | 65 | €2,001 | €1,519 | -€482 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,143 | €49,900 | +€76,043 | |
| Income taxes | 67/77 | €230 | €4,886 | +€4,656 | +2,026% |
| Profit (loss) for the period | 9904 | -€26,373 | €45,014 | +€71,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,373 | €45,014 | +€71,387 |
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 27 October 2026 via checked.be.