SALOH: 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.
SALOH
Largest movements
- Receivables within one year -€100,000
down €100,000 (-65.4%), from €152,936 to €52,936
- Current investments -€100,000
down €100,000 (-32.3%), from €310,000 to €210,000
- Cash +€42,687
up €42,687 (+318%), from €13,422 to €56,108
mainly Other debts (+€1.1m) and Net result for the year (+€225,721)
- Other debts +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€854,486
no longer reported in 2025 (was €854,486)
- Debts after one year -€360,434
down €360,434 (-30.1%), from €1.2m to €838,732
- Financial income -€710,011
down €710,011 (-87.0%), from €816,454 to €106,443
- Gross operating margin +€102,628
up €102,628 (+89.6%), from €114,517 to €217,145
- Taxes +€24,721
up €24,721 (+222%), from €11,152 to €35,873
- Financial charges -€3,093
down €3,093 (-4.8%), from €63,777 to €60,684
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 | €2,091,842 | €1,939,590 | -€152,252 | -7.3% |
| Fixed assets | 21/28 | €1,609,416 | €1,609,416 | = | 0.0% |
| Financial fixed assets | 28 | €1,609,416 | €1,609,416 | = | 0.0% |
| Current assets | 29/58 | €482,426 | €330,174 | -€152,252 | -31.6% |
| Amounts receivable within one year | 40/41 | €152,936 | €52,936 | -€100,000 | -65.4% |
| Other amounts receivable | 41 | €152,936 | €52,936 | -€100,000 | -65.4% |
| Current investments | 50/53 | €310,000 | €210,000 | -€100,000 | -32.3% |
| Cash at bank and in hand | 54/58 | €13,422 | €56,108 | +€42,687 | +318% |
| Deferred charges and accrued income | 490/1 | €6,068 | €11,130 | +€5,062 | +83.4% |
| Total equity and liabilities | 10/49 | €2,091,842 | €1,939,590 | -€152,252 | -7.3% |
| Equity | 10/15 | €856,486 | €2,000 | -€854,486 | -99.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €854,486 | - | -€854,486 | |
| Amounts payable | 17/49 | €1,235,355 | €1,937,590 | +€702,235 | +56.8% |
| Amounts payable after more than one year | 17 | €1,199,166 | €838,732 | -€360,434 | -30.1% |
| Financial debts | 170/4 | €1,199,166 | €838,732 | -€360,434 | -30.1% |
| Amounts payable within one year | 42/48 | €36,190 | €1,098,858 | +€1.1m | +2,936% |
| Trade debts | 44 | €245 | - | -€245 | |
| Suppliers | 440/4 | €245 | - | -€245 | |
| Taxes, remuneration and social security | 45 | €35,944 | €18,650 | -€17,294 | -48.1% |
| Taxes | 450/3 | €33,696 | €18,650 | -€15,045 | -44.7% |
| Remuneration and social security | 454/9 | €2,249 | - | -€2,249 | |
| Other amounts payable | 47/48 | - | €1,080,208 | +€1.1m | |
| Other operating charges | 640/8 | €1,556 | €1,309 | -€246 | -15.8% |
| Gross operating margin | 9900 | €114,517 | €217,145 | +€102,628 | +89.6% |
| Operating profit (loss) | 9901 | €112,962 | €215,836 | +€102,874 | +91.1% |
| Financial income | 75/76B | €816,454 | €106,443 | -€710,011 | -87.0% |
| Recurring financial income | 75 | €816,454 | €106,443 | -€710,011 | -87.0% |
| Financial charges | 65/66B | €63,777 | €60,684 | -€3,093 | -4.8% |
| Recurring financial charges | 65 | €63,777 | €60,684 | -€3,093 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €865,638 | €261,594 | -€604,044 | -69.8% |
| Income taxes | 67/77 | €11,152 | €35,873 | +€24,721 | +222% |
| Profit (loss) for the period | 9904 | €854,486 | €225,721 | -€628,765 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €854,486 | €225,721 | -€628,765 | -73.6% |
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 28 October 2026 via checked.be.