SALO: 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.
SALO
Largest movements
- Receivables within one year +€36,505
up €36,505 (+62.2%), from €58,655 to €95,160
of which Other amounts receivable: +€35,939
- Tangible fixed assets -€20,183
down €20,183 (-26.9%), from €75,060 to €54,877
of which Furniture and vehicles: -€14,709
- Cash -€2,291
down €2,291 (-4.3%), from €53,652 to €51,360
mainly Receivables within one year (-€36,505) and Debts after one year (-€8,682)
- Reserves +€15,325
up €15,325 (+10.5%), from €146,558 to €161,883
of which Distributable reserves: +€15,325
- Debts after one year -€8,682
down €8,682 (-70.3%), from €12,357 to €3,675
- Trade debts +€5,341
up €5,341 (+131.9%), from €4,050 to €9,390
- Other operating charges -€3,723
down €3,723 (-75.1%), from €4,957 to €1,234
- Depreciation +€2,571
up €2,571 (+13.7%), from €18,823 to €21,394
- Taxes +€1,881
up €1,881 (+30.6%), from €6,143 to €8,024
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 | €192,576 | €206,607 | +€14,030 | +7.3% |
| Fixed assets | 21/28 | €75,060 | €54,877 | -€20,183 | -26.9% |
| Tangible fixed assets | 22/27 | €75,060 | €54,877 | -€20,183 | -26.9% |
| Plant, machinery and equipment | 23 | €12,649 | €7,175 | -€5,474 | -43.3% |
| Furniture and vehicles | 24 | €62,411 | €47,701 | -€14,709 | -23.6% |
| Current assets | 29/58 | €117,517 | €151,730 | +€34,214 | +29.1% |
| Stocks and contracts in progress | 3 | €5,210 | €5,210 | = | 0.0% |
| Stocks | 30/36 | €5,210 | €5,210 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,655 | €95,160 | +€36,505 | +62.2% |
| Trade receivables | 40 | €28,640 | €29,206 | +€566 | +2.0% |
| Other amounts receivable | 41 | €30,015 | €65,954 | +€35,939 | +119.7% |
| Cash at bank and in hand | 54/58 | €53,652 | €51,360 | -€2,291 | -4.3% |
| Total equity and liabilities | 10/49 | €192,576 | €206,607 | +€14,030 | +7.3% |
| Equity | 10/15 | €152,758 | €168,083 | +€15,325 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €146,558 | €161,883 | +€15,325 | +10.5% |
| Tax-exempt reserves | 132 | €19,437 | €19,437 | = | 0.0% |
| Distributable reserves | 133 | €127,121 | €142,446 | +€15,325 | +12.1% |
| Amounts payable | 17/49 | €39,818 | €38,524 | -€1,295 | -3.3% |
| Amounts payable after more than one year | 17 | €12,357 | €3,675 | -€8,682 | -70.3% |
| Financial debts | 170/4 | €12,357 | €3,675 | -€8,682 | -70.3% |
| Amounts payable within one year | 42/48 | €27,462 | €34,849 | +€7,388 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €8,039 | €8,546 | +€507 | +6.3% |
| Trade debts | 44 | €4,050 | €9,390 | +€5,341 | +131.9% |
| Suppliers | 440/4 | €4,050 | €9,390 | +€5,341 | +131.9% |
| Advances received on contracts in progress | 46 | €4,650 | €4,650 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,723 | €12,262 | +€1,540 | +14.4% |
| Taxes | 450/3 | €10,723 | €12,262 | +€1,540 | +14.4% |
| Non-recurring operating income | 76A | €2,399 | - | -€2,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,823 | €21,394 | +€2,571 | +13.7% |
| Other operating charges | 640/8 | €4,957 | €1,234 | -€3,723 | -75.1% |
| Gross operating margin | 9900 | €47,035 | €46,865 | -€169 | -0.4% |
| Operating profit (loss) | 9901 | €23,255 | €24,238 | +€983 | +4.2% |
| Financial income | 75/76B | €106 | €4 | -€102 | -96.4% |
| Recurring financial income | 75 | €106 | €4 | -€102 | -96.4% |
| Financial charges | 65/66B | €630 | €892 | +€262 | +41.6% |
| Recurring financial charges | 65 | €630 | €892 | +€262 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €22,731 | €23,349 | +€619 | +2.7% |
| Income taxes | 67/77 | €6,143 | €8,024 | +€1,881 | +30.6% |
| Profit (loss) for the period | 9904 | €16,588 | €15,325 | -€1,263 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,588 | €15,325 | -€1,263 | -7.6% |
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 1 October 2026 via checked.be.