SALPAO: 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.
SALPAO
Largest movements
- Receivables within one year +€24,517
up €24,517 (+19.8%), from €124,082 to €148,599
- Tangible fixed assets -€10,438
down €10,438 (-2.2%), from €466,832 to €456,394
- Debts after one year -€29,007
down €29,007 (-8.1%), from €356,786 to €327,779
- Profit (loss) carried forward +€28,582
up €28,582 (+161.5%), from €17,701 to €46,284
- Other debts +€24,950
up €24,950 (+15.6%), from €160,197 to €185,147
- Trade debts -€18,145
no longer reported in 2024 (was €18,145)
- Tax, wage and social debts +€10,333
up €10,333 (+126.2%), from €8,190 to €18,523
- Gross operating margin +€8,038
up €8,038 (+13.7%), from €58,595 to €66,633
- Taxes +€3,842
up €3,842 (+56.0%), from €6,864 to €10,706
- Financial charges -€3,423
down €3,423 (-52.1%), from €6,565 to €3,142
- Purchases and services -€3,206
no longer reported in 2024 (was €3,206)
- Other operating charges -€2,454
down €2,454 (-21.9%), from €11,229 to €8,775
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 | €595,814 | €609,993 | +€14,179 | +2.4% |
| Fixed assets | 21/28 | €471,732 | €461,294 | -€10,438 | -2.2% |
| Tangible fixed assets | 22/27 | €466,832 | €456,394 | -€10,438 | -2.2% |
| Land and buildings | 22 | €466,832 | €456,394 | -€10,438 | -2.2% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €124,082 | €148,699 | +€24,617 | +19.8% |
| Amounts receivable within one year | 40/41 | €124,082 | €148,599 | +€24,517 | +19.8% |
| Trade receivables | 40 | €124,082 | €148,599 | +€24,517 | +19.8% |
| Cash at bank and in hand | 54/58 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €595,814 | €609,993 | +€14,179 | +2.4% |
| Equity | 10/15 | €23,951 | €52,534 | +€28,582 | +119.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,701 | €46,284 | +€28,582 | +161.5% |
| Amounts payable | 17/49 | €571,862 | €557,460 | -€14,403 | -2.5% |
| Amounts payable after more than one year | 17 | €356,786 | €327,779 | -€29,007 | -8.1% |
| Financial debts | 170/4 | €356,786 | €327,779 | -€29,007 | -8.1% |
| Amounts payable within one year | 42/48 | €215,077 | €229,681 | +€14,604 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €28,545 | €26,011 | -€2,534 | -8.9% |
| Trade debts | 44 | €18,145 | - | -€18,145 | |
| Suppliers | 440/4 | €18,145 | - | -€18,145 | |
| Taxes, remuneration and social security | 45 | €8,190 | €18,523 | +€10,333 | +126.2% |
| Taxes | 450/3 | €8,190 | €18,523 | +€10,333 | +126.2% |
| Other amounts payable | 47/48 | €160,197 | €185,147 | +€24,950 | +15.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,206 | - | -€3,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,099 | €15,428 | +€1,328 | +9.4% |
| Other operating charges | 640/8 | €11,229 | €8,775 | -€2,454 | -21.9% |
| Gross operating margin | 9900 | €58,595 | €66,633 | +€8,038 | +13.7% |
| Operating profit (loss) | 9901 | €33,267 | €42,431 | +€9,164 | +27.5% |
| Financial charges | 65/66B | €6,565 | €3,142 | -€3,423 | -52.1% |
| Recurring financial charges | 65 | €6,565 | €3,142 | -€3,423 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €26,701 | €39,288 | +€12,587 | +47.1% |
| Income taxes | 67/77 | €6,864 | €10,706 | +€3,842 | +56.0% |
| Profit (loss) for the period | 9904 | €19,838 | €28,582 | +€8,744 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,838 | €28,582 | +€8,744 | +44.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.