SALMON ELECTRICITE: 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.
SALMON ELECTRICITE
Largest movements
- Cash +€17,873
up €17,873 (+7.9%), from €225,262 to €243,135
mainly Other debts (+€65,594) and Net result for the year (+€20,381)
- Tangible fixed assets -€9,604
down €9,604 (-31.0%), from €30,987 to €21,383
of which Furniture and vehicles: -€9,287
- Receivables within one year -€3,303
down €3,303 (-8.5%), from €38,908 to €35,606
of which Trade receivables: -€7,956
- Other debts +€65,594
up €65,594 (+284%), from €23,086 to €88,680
- Reserves -€60,155
down €60,155 (-33.5%), from €179,678 to €119,522
- Gross operating margin -€4,552
down €4,552 (-10.1%), from €45,217 to €40,666
- Taxes -€1,805
down €1,805 (-15.6%), from €11,548 to €9,743
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 | €295,157 | €300,124 | +€4,967 | +1.7% |
| Fixed assets | 21/28 | €30,987 | €21,383 | -€9,604 | -31.0% |
| Tangible fixed assets | 22/27 | €30,987 | €21,383 | -€9,604 | -31.0% |
| Land and buildings | 22 | €421 | €105 | -€316 | -75.1% |
| Furniture and vehicles | 24 | €30,566 | €21,278 | -€9,287 | -30.4% |
| Current assets | 29/58 | €264,170 | €278,741 | +€14,570 | +5.5% |
| Amounts receivable within one year | 40/41 | €38,908 | €35,606 | -€3,303 | -8.5% |
| Trade receivables | 40 | €37,672 | €29,716 | -€7,956 | -21.1% |
| Other amounts receivable | 41 | €1,236 | €5,890 | +€4,654 | +376% |
| Cash at bank and in hand | 54/58 | €225,262 | €243,135 | +€17,873 | +7.9% |
| Total equity and liabilities | 10/49 | €295,157 | €300,124 | +€4,967 | +1.7% |
| Equity | 10/15 | €257,380 | €197,225 | -€60,155 | -23.4% |
| Reserves | 13 | €179,678 | €119,522 | -€60,155 | -33.5% |
| Distributable reserves | 133 | €179,678 | €119,522 | -€60,155 | -33.5% |
| Profit (loss) carried forward | 14 | €77,702 | €77,702 | = | 0.0% |
| Amounts payable | 17/49 | €37,777 | €102,899 | +€65,122 | +172% |
| Amounts payable within one year | 42/48 | €37,777 | €102,899 | +€65,122 | +172% |
| Trade debts | 44 | €1,671 | €566 | -€1,104 | -66.1% |
| Suppliers | 440/4 | €1,671 | €566 | -€1,104 | -66.1% |
| Taxes, remuneration and social security | 45 | €13,021 | €13,653 | +€633 | +4.9% |
| Taxes | 450/3 | €13,021 | €13,653 | +€633 | +4.9% |
| Other amounts payable | 47/48 | €23,086 | €88,680 | +€65,594 | +284% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,734 | €9,604 | -€130 | -1.3% |
| Other operating charges | 640/8 | €1,614 | €1,426 | -€188 | -11.6% |
| Gross operating margin | 9900 | €45,217 | €40,666 | -€4,552 | -10.1% |
| Operating profit (loss) | 9901 | €33,870 | €29,636 | -€4,234 | -12.5% |
| Financial income | 75/76B | €580 | €572 | -€8 | -1.3% |
| Recurring financial income | 75 | €580 | €572 | -€8 | -1.3% |
| Financial charges | 65/66B | €149 | €84 | -€65 | -43.5% |
| Recurring financial charges | 65 | €149 | €84 | -€65 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €34,301 | €30,124 | -€4,177 | -12.2% |
| Income taxes | 67/77 | €11,548 | €9,743 | -€1,805 | -15.6% |
| Profit (loss) for the period | 9904 | €22,753 | €20,381 | -€2,372 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,753 | €20,381 | -€2,372 | -10.4% |
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 23 October 2026 via checked.be.