SALMO: 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.
SALMO
Largest movements
- Cash +€56,774
up €56,774 (+79.1%), from €71,755 to €128,529
mainly Net result for the year (+€53,965) and Tax, wage and social debts (+€11,872)
- Receivables within one year +€14,462
up €14,462 (+1,963%), from €737 to €15,199
of which Trade receivables: +€13,734
- Tangible fixed assets -€4,015
down €4,015 (-28.7%), from €13,995 to €9,980
of which Furniture and vehicles: -€6,512
- Reserves +€53,965
up €53,965 (+69.1%), from €78,135 to €132,100
- Tax, wage and social debts +€11,872
up €11,872 (+177%), from €6,692 to €18,564
- Gross operating margin -€30,465
down €30,465 (-28.2%), from €107,998 to €77,533
- Taxes -€6,393
down €6,393 (-29.5%), from €21,692 to €15,299
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 | €87,179 | €154,454 | +€67,275 | +77.2% |
| Fixed assets | 21/28 | €13,995 | €9,980 | -€4,015 | -28.7% |
| Tangible fixed assets | 22/27 | €13,995 | €9,980 | -€4,015 | -28.7% |
| Plant, machinery and equipment | 23 | €416 | €1,722 | +€1,306 | +314% |
| Furniture and vehicles | 24 | €6,512 | - | -€6,512 | |
| Other tangible fixed assets | 26 | €7,066 | €8,257 | +€1,191 | +16.9% |
| Current assets | 29/58 | €73,185 | €144,474 | +€71,290 | +97.4% |
| Amounts receivable within one year | 40/41 | €737 | €15,199 | +€14,462 | +1,963% |
| Trade receivables | 40 | - | €13,734 | +€13,734 | |
| Other amounts receivable | 41 | €737 | €1,466 | +€729 | +98.9% |
| Cash at bank and in hand | 54/58 | €71,755 | €128,529 | +€56,774 | +79.1% |
| Deferred charges and accrued income | 490/1 | €693 | €746 | +€53 | +7.6% |
| Total equity and liabilities | 10/49 | €87,179 | €154,454 | +€67,275 | +77.2% |
| Equity | 10/15 | €80,135 | €134,100 | +€53,965 | +67.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €78,135 | €132,100 | +€53,965 | +69.1% |
| Distributable reserves | 133 | €78,135 | €132,100 | +€53,965 | +69.1% |
| Amounts payable | 17/49 | €7,044 | €20,354 | +€13,310 | +189% |
| Amounts payable within one year | 42/48 | €7,044 | €20,354 | +€13,310 | +189% |
| Trade debts | 44 | €352 | €1,791 | +€1,438 | +408% |
| Suppliers | 440/4 | €352 | €1,791 | +€1,438 | +408% |
| Taxes, remuneration and social security | 45 | €6,692 | €18,564 | +€11,872 | +177% |
| Taxes | 450/3 | €6,692 | €18,564 | +€11,872 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,824 | €7,879 | +€55 | +0.7% |
| Other operating charges | 640/8 | €235 | €270 | +€35 | +15.1% |
| Gross operating margin | 9900 | €107,998 | €77,533 | -€30,465 | -28.2% |
| Operating profit (loss) | 9901 | €99,939 | €69,383 | -€30,556 | -30.6% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €112 | €162 | +€49 | +44.0% |
| Recurring financial charges | 65 | €112 | €162 | +€49 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €99,827 | €69,264 | -€30,563 | -30.6% |
| Income taxes | 67/77 | €21,692 | €15,299 | -€6,393 | -29.5% |
| Profit (loss) for the period | 9904 | €78,135 | €53,965 | -€24,171 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,135 | €53,965 | -€24,171 | -30.9% |
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 13 October 2026 via checked.be.