Salmanazar: 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.
Salmanazar
Largest movements
- Receivables within one year +€158,703
up €158,703 (+36.1%), from €439,281 to €597,984
of which Other amounts receivable: +€156,247
- Financial fixed assets -€67,900
down €67,900 (-6.7%), from €1.0m to €945,814
- Current portion of long-term debt +€163,339
up €163,339 (+4,251%), from €3,842 to €167,181
- Reserves -€139,833
down €139,833 (-21.7%), from €643,614 to €503,782
- Other debts +€72,120
up €72,120 (+8.5%), from €845,199 to €917,319
- Financial income -€206,206
down €206,206 (-96.8%), from €213,033 to €6,827
- Other operating charges +€103,947
up €103,947 (+388%), from €26,821 to €130,768
- Financial charges +€2,910
up €2,910 (+49.0%), from €5,940 to €8,850
- Gross operating margin -€1,813
down €1,813 (-34.7%), from -€5,228 to -€7,042
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 | €1,552,892 | €1,657,978 | +€105,086 | +6.8% |
| Fixed assets | 21/28 | €1,013,714 | €945,814 | -€67,900 | -6.7% |
| Financial fixed assets | 28 | €1,013,714 | €945,814 | -€67,900 | -6.7% |
| Current assets | 29/58 | €539,178 | €712,164 | +€172,986 | +32.1% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €439,281 | €597,984 | +€158,703 | +36.1% |
| Trade receivables | 40 | €265 | €2,721 | +€2,456 | +927% |
| Other amounts receivable | 41 | €439,016 | €595,262 | +€156,247 | +35.6% |
| Cash at bank and in hand | 54/58 | €14,750 | €28,414 | +€13,664 | +92.6% |
| Deferred charges and accrued income | 490/1 | €20,148 | €20,766 | +€619 | +3.1% |
| Total equity and liabilities | 10/49 | €1,552,892 | €1,657,978 | +€105,086 | +6.8% |
| Equity | 10/15 | €662,214 | €522,382 | -€139,833 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €643,614 | €503,782 | -€139,833 | -21.7% |
| Distributable reserves | 133 | €643,614 | €503,782 | -€139,833 | -21.7% |
| Amounts payable | 17/49 | €890,677 | €1,135,596 | +€244,919 | +27.5% |
| Amounts payable after more than one year | 17 | €16,227 | €12,189 | -€4,037 | -24.9% |
| Financial debts | 170/4 | €16,227 | €12,189 | -€4,037 | -24.9% |
| Amounts payable within one year | 42/48 | €860,748 | €1,103,025 | +€242,277 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €3,842 | €167,181 | +€163,339 | +4,251% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,644 | €13,898 | +€2,254 | +19.4% |
| Suppliers | 440/4 | €11,644 | €13,898 | +€2,254 | +19.4% |
| Taxes, remuneration and social security | 45 | €63 | €4,627 | +€4,564 | +7,230% |
| Taxes | 450/3 | €63 | €4,627 | +€4,564 | +7,230% |
| Other amounts payable | 47/48 | €845,199 | €917,319 | +€72,120 | +8.5% |
| Accrued charges and deferred income | 492/3 | €13,703 | €20,382 | +€6,678 | +48.7% |
| Other operating charges | 640/8 | €26,821 | €130,768 | +€103,947 | +388% |
| Gross operating margin | 9900 | -€5,228 | -€7,042 | -€1,813 | -34.7% |
| Operating profit (loss) | 9901 | -€32,049 | -€137,810 | -€105,761 | -330% |
| Financial income | 75/76B | €213,033 | €6,827 | -€206,206 | -96.8% |
| Recurring financial income | 75 | €213,033 | €6,827 | -€206,206 | -96.8% |
| Financial charges | 65/66B | €5,940 | €8,850 | +€2,910 | +49.0% |
| Recurring financial charges | 65 | €5,940 | €8,850 | +€2,910 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €175,043 | -€139,833 | -€314,876 | |
| Profit (loss) for the period | 9904 | €175,043 | -€139,833 | -€314,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,043 | -€139,833 | -€314,876 |
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 21 October 2026 via checked.be.