SALOED: 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.
SALOED
Largest movements
- Tangible fixed assets -€12,349
down €12,349 (-86.4%), from €14,300 to €1,952
of which Other tangible fixed assets: -€11,000
- Receivables within one year +€3,553
up €3,553 (+51.1%), from €6,957 to €10,510
of which Trade receivables: +€2,653
- Deferred charges and accrued income -€2,729
down €2,729 (-33.3%), from €8,188 to €5,458
- Cash -€973
down €973 (-5.3%), from €18,522 to €17,549
mainly Debts after one year (-€14,500) and Receivables within one year (-€3,553)
- Debts after one year -€14,500
down €14,500 (-100.0%), from €14,500 to €0
- Profit (loss) carried forward +€4,372
up €4,372 (+16.9%), from -€25,807 to -€21,436
- Tax, wage and social debts -€2,448
down €2,448 (-22.0%), from €11,118 to €8,670
of which Taxes: -€2,448
- Other debts +€658
up €658 (+888.8%), from €74 to €732
- Gross operating margin +€12,237
up €12,237 (+202.7%), from €6,038 to €18,275
- Other operating charges -€297
down €297 (-16.6%), from €1,792 to €1,494
- Financial charges -€187
down €187 (-71.8%), from €260 to €73
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.
Cash bridge derived
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 | €51,845 | €39,594 | -€12,251 | -23.6% |
| Fixed assets | 21/28 | €14,300 | €1,952 | -€12,349 | -86.4% |
| Tangible fixed assets | 22/27 | €14,300 | €1,952 | -€12,349 | -86.4% |
| Plant, machinery and equipment | 23 | €1,660 | €817 | -€843 | -50.8% |
| Furniture and vehicles | 24 | €1,219 | €713 | -€505 | -41.5% |
| Other tangible fixed assets | 26 | €11,422 | €422 | -€11,000 | -96.3% |
| Current assets | 29/58 | €37,545 | €37,642 | +€98 | +0.3% |
| Stocks and contracts in progress | 3 | €3,878 | €4,125 | +€247 | +6.4% |
| Stocks | 30/36 | €3,878 | €4,125 | +€247 | +6.4% |
| Amounts receivable within one year | 40/41 | €6,957 | €10,510 | +€3,553 | +51.1% |
| Trade receivables | 40 | €2,832 | €5,485 | +€2,653 | +93.7% |
| Other amounts receivable | 41 | €4,125 | €5,025 | +€900 | +21.8% |
| Cash at bank and in hand | 54/58 | €18,522 | €17,549 | -€973 | -5.3% |
| Deferred charges and accrued income | 490/1 | €8,188 | €5,458 | -€2,729 | -33.3% |
| Total equity and liabilities | 10/49 | €51,845 | €39,594 | -€12,251 | -23.6% |
| Equity | 10/15 | €15,576 | €19,947 | +€4,372 | +28.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €33,383 | €33,383 | = | 0.0% |
| Distributable reserves | 133 | €33,383 | €33,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,807 | -€21,436 | +€4,372 | +16.9% |
| Amounts payable | 17/49 | €36,269 | €19,647 | -€16,623 | -45.8% |
| Amounts payable after more than one year | 17 | €14,500 | €0 | -€14,500 | -100.0% |
| Other amounts payable | 178/9 | €14,500 | €0 | -€14,500 | -100.0% |
| Amounts payable within one year | 42/48 | €21,769 | €19,647 | -€2,123 | -9.8% |
| Trade debts | 44 | €10,577 | €10,245 | -€333 | -3.1% |
| Suppliers | 440/4 | €10,577 | €10,245 | -€333 | -3.1% |
| Taxes, remuneration and social security | 45 | €11,118 | €8,670 | -€2,448 | -22.0% |
| Taxes | 450/3 | €7,818 | €5,370 | -€2,448 | -31.3% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €74 | €732 | +€658 | +888.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,349 | €12,349 | = | 0.0% |
| Other operating charges | 640/8 | €1,792 | €1,494 | -€297 | -16.6% |
| Gross operating margin | 9900 | €6,038 | €18,275 | +€12,237 | +202.7% |
| Operating profit (loss) | 9901 | -€8,102 | €4,433 | +€12,535 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €260 | €73 | -€187 | -71.8% |
| Recurring financial charges | 65 | €260 | €73 | -€187 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,362 | €4,372 | +€12,734 | |
| Profit (loss) for the period | 9904 | -€8,362 | €4,372 | +€12,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,362 | €4,372 | +€12,734 |
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 10 October 2026 via checked.be.