SALMON ET FRERES: 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 ET FRERES
Largest movements
- Receivables within one year +€13,479
up €13,479 (+31.9%), from €42,271 to €55,750
of which Other amounts receivable: +€14,959
- Receivables after one year +€4,400
up €4,400 (+3.4%), from €127,600 to €132,000
- Profit (loss) carried forward +€22,391
up €22,391, from -€15,611 to €6,779
- Other debts -€17,700
down €17,700 (-33.4%), from €53,000 to €35,300
- Tax, wage and social debts +€15,056
up €15,056 (+176%), from €8,537 to €23,592
of which Taxes: +€9,499
- Trade debts -€7,491
down €7,491 (-19.3%), from €38,725 to €31,234
- Current portion of long-term debt +€3,003
up €3,003 (+2.6%), from €117,012 to €120,015
- Gross operating margin +€24,503
up €24,503 (+121%), from €20,255 to €44,758
- Financial charges -€14,866
down €14,866 (-79.4%), from €18,727 to €3,860
- Financial income -€8,833
down €8,833 (-61.8%), from €14,303 to €5,470
of which Financial income: -€8,833
- Staff costs +€7,580
up €7,580 (+94.0%), from €8,068 to €15,648
- Taxes +€5,970
up €5,970, from €0 to €5,970
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 | €211,662 | €227,317 | +€15,655 | +7.4% |
| Fixed assets | 21/28 | €7,115 | €5,725 | -€1,390 | -19.5% |
| Tangible fixed assets | 22/27 | €6,615 | €5,225 | -€1,390 | -21.0% |
| Plant, machinery and equipment | 23 | €6,615 | €4,503 | -€2,112 | -31.9% |
| Furniture and vehicles | 24 | - | €722 | +€722 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €204,547 | €221,592 | +€17,045 | +8.3% |
| Amounts receivable after more than one year | 29 | €127,600 | €132,000 | +€4,400 | +3.4% |
| Other amounts receivable | 291 | €127,600 | €132,000 | +€4,400 | +3.4% |
| Stocks and contracts in progress | 3 | €6,745 | €5,250 | -€1,495 | -22.2% |
| Stocks | 30/36 | €6,745 | €5,250 | -€1,495 | -22.2% |
| Amounts receivable within one year | 40/41 | €42,271 | €55,750 | +€13,479 | +31.9% |
| Trade receivables | 40 | €21,960 | €20,480 | -€1,480 | -6.7% |
| Other amounts receivable | 41 | €20,311 | €35,270 | +€14,959 | +73.6% |
| Cash at bank and in hand | 54/58 | €27,931 | €27,371 | -€560 | -2.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,221 | +€1,221 | |
| Total equity and liabilities | 10/49 | €211,662 | €227,317 | +€15,655 | +7.4% |
| Equity | 10/15 | -€5,611 | €16,779 | +€22,391 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,611 | €6,779 | +€22,391 | |
| Amounts payable | 17/49 | €217,273 | €210,537 | -€6,736 | -3.1% |
| Amounts payable within one year | 42/48 | €217,273 | €210,141 | -€7,132 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €117,012 | €120,015 | +€3,003 | +2.6% |
| Trade debts | 44 | €38,725 | €31,234 | -€7,491 | -19.3% |
| Suppliers | 440/4 | €38,725 | €31,234 | -€7,491 | -19.3% |
| Taxes, remuneration and social security | 45 | €8,537 | €23,592 | +€15,056 | +176% |
| Taxes | 450/3 | €1,871 | €11,370 | +€9,499 | +508% |
| Remuneration and social security | 454/9 | €6,666 | €12,223 | +€5,557 | +83.4% |
| Other amounts payable | 47/48 | €53,000 | €35,300 | -€17,700 | -33.4% |
| Accrued charges and deferred income | 492/3 | - | €396 | +€396 | |
| Non-recurring operating income | 76A | - | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €8,068 | €15,648 | +€7,580 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €2,115 | +€234 | +12.4% |
| Other operating charges | 640/8 | €2,012 | €243 | -€1,769 | -87.9% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | €20,255 | €44,758 | +€24,503 | +121% |
| Operating profit (loss) | 9901 | €8,294 | €26,752 | +€18,458 | +223% |
| Financial income | 75/76B | €14,303 | €5,470 | -€8,833 | -61.8% |
| Recurring financial income | 75 | €14,303 | €5,470 | -€8,833 | -61.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €18,727 | €3,860 | -€14,866 | -79.4% |
| Recurring financial charges | 65 | €18,727 | €3,860 | -€14,866 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €3,870 | €28,361 | +€24,491 | +633% |
| Income taxes | 67/77 | €0 | €5,970 | +€5,970 | |
| Profit (loss) for the period | 9904 | €3,870 | €22,391 | +€18,521 | +479% |
| Profit (loss) for the period to be appropriated | 9905 | €3,870 | €22,391 | +€18,521 | +479% |
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 31 October 2026 via checked.be.