SALMO DEVELOPMENT: 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.
SALMO DEVELOPMENT
Largest movements
- Tangible fixed assets +€27,354
up €27,354 (+1547.6%), from €1,767 to €29,121
of which Furniture and vehicles: +€27,544
- Receivables within one year +€2,892
up €2,892 (+247.7%), from €1,168 to €4,060
of which Trade receivables: +€2,768
- Cash +€1,127
up €1,127 (+114.9%), from €981 to €2,107
mainly Other debts (+€36,370) and Depreciation (+€6,123)
- Other debts +€36,370
up €36,370 (+76.0%), from €47,850 to €84,220
- Trade debts -€5,069
down €5,069 (-94.2%), from €5,383 to €314
- Profit (loss) carried forward +€982
up €982 (+1.6%), from -€60,149 to -€59,167
- Tax, wage and social debts -€858
down €858 (-100.0%), from €858 to €0
- Gross operating margin +€8,708
up €8,708, from -€1,366 to €7,341
- Depreciation +€5,726
up €5,726 (+1442.0%), from €397 to €6,123
- Other operating charges -€1,402
down €1,402 (-96.2%), from €1,458 to €56
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,942 | €35,367 | +€31,425 | +797.2% |
| Fixed assets | 21/28 | €1,767 | €29,121 | +€27,354 | +1547.6% |
| Tangible fixed assets | 22/27 | €1,767 | €29,121 | +€27,354 | +1547.6% |
| Furniture and vehicles | 24 | €324 | €27,868 | +€27,544 | +8506.5% |
| Other tangible fixed assets | 26 | €1,444 | €1,253 | -€191 | -13.2% |
| Current assets | 29/58 | €2,175 | €6,246 | +€4,072 | +187.2% |
| Amounts receivable within one year | 40/41 | €1,168 | €4,060 | +€2,892 | +247.7% |
| Trade receivables | 40 | €687 | €3,455 | +€2,768 | +402.8% |
| Other amounts receivable | 41 | €480 | €605 | +€124 | +25.8% |
| Cash at bank and in hand | 54/58 | €981 | €2,107 | +€1,127 | +114.9% |
| Deferred charges and accrued income | 490/1 | €26 | €79 | +€53 | +202.4% |
| Total equity and liabilities | 10/49 | €3,942 | €35,367 | +€31,425 | +797.2% |
| Equity | 10/15 | -€50,149 | -€49,167 | +€982 | +2.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,149 | -€59,167 | +€982 | +1.6% |
| Amounts payable | 17/49 | €54,091 | €84,534 | +€30,443 | +56.3% |
| Amounts payable within one year | 42/48 | €54,091 | €84,534 | +€30,443 | +56.3% |
| Trade debts | 44 | €5,383 | €314 | -€5,069 | -94.2% |
| Suppliers | 440/4 | €5,383 | €314 | -€5,069 | -94.2% |
| Taxes, remuneration and social security | 45 | €858 | €0 | -€858 | -100.0% |
| Taxes | 450/3 | €858 | €0 | -€858 | -100.0% |
| Other amounts payable | 47/48 | €47,850 | €84,220 | +€36,370 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397 | €6,123 | +€5,726 | +1442.0% |
| Other operating charges | 640/8 | €1,458 | €56 | -€1,402 | -96.2% |
| Gross operating margin | 9900 | -€1,366 | €7,341 | +€8,708 | |
| Operating profit (loss) | 9901 | -€3,222 | €1,163 | +€4,385 | |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,402 | €982 | +€4,385 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,402 | €982 | +€4,385 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,402 | €982 | +€4,385 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.