Salpet: 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.
Salpet
Largest movements
- Intangible fixed assets -€1,000
down €1,000 (-30.8%), from €3,250 to €2,250
- Cash -€787
down €787 (-8.2%), from €9,631 to €8,844
mainly Net result for the year (-€14,392) and Investment in fixed assets (net) (-€1,817)
- Deferred charges and accrued income +€760
up €760 (+844.9%), from €90 to €850
- Tangible fixed assets -€719
down €719 (-6.4%), from €11,279 to €10,560
of which Plant, machinery and equipment: -€1,762
- Profit (loss) carried forward -€14,392
down €14,392 (-151.3%), from -€9,509 to -€23,901
- Other debts +€9,762
up €9,762 (+70.2%), from €13,909 to €23,671
- Current portion of long-term debt +€1,766
up €1,766 (+53.8%), from €3,283 to €5,048
- Tax, wage and social debts +€1,565
up €1,565 (+34.5%), from €4,533 to €6,097
of which Remuneration and social security: +€2,251
- Trade debts -€828
down €828 (-18.1%), from €4,563 to €3,735
- Gross operating margin -€10,489
down €10,489 (-22.9%), from €45,882 to €35,393
- Staff costs +€6,460
up €6,460 (+17.2%), from €37,465 to €43,924
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 | €27,339 | €25,511 | -€1,828 | -6.7% |
| Fixed assets | 21/28 | €14,529 | €12,811 | -€1,719 | -11.8% |
| Intangible fixed assets | 21 | €3,250 | €2,250 | -€1,000 | -30.8% |
| Tangible fixed assets | 22/27 | €11,279 | €10,560 | -€719 | -6.4% |
| Plant, machinery and equipment | 23 | €4,905 | €3,142 | -€1,762 | -35.9% |
| Furniture and vehicles | 24 | - | €1,817 | +€1,817 | |
| Other tangible fixed assets | 26 | €6,374 | €5,601 | -€773 | -12.1% |
| Current assets | 29/58 | €12,810 | €12,701 | -€109 | -0.9% |
| Stocks and contracts in progress | 3 | €2,120 | €1,985 | -€136 | -6.4% |
| Stocks | 30/36 | €2,120 | €1,985 | -€136 | -6.4% |
| Amounts receivable within one year | 40/41 | €969 | €1,022 | +€53 | +5.5% |
| Trade receivables | 40 | €955 | €999 | +€45 | +4.7% |
| Other amounts receivable | 41 | €14 | €22 | +€8 | +56.7% |
| Cash at bank and in hand | 54/58 | €9,631 | €8,844 | -€787 | -8.2% |
| Deferred charges and accrued income | 490/1 | €90 | €850 | +€760 | +844.9% |
| Total equity and liabilities | 10/49 | €27,339 | €25,511 | -€1,828 | -6.7% |
| Equity | 10/15 | -€3,309 | -€17,701 | -€14,392 | -434.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,509 | -€23,901 | -€14,392 | -151.3% |
| Amounts payable | 17/49 | €30,648 | €43,212 | +€12,564 | +41.0% |
| Amounts payable after more than one year | 17 | €4,318 | €4,270 | -€48 | -1.1% |
| Financial debts | 170/4 | €4,318 | €4,270 | -€48 | -1.1% |
| Amounts payable within one year | 42/48 | €26,287 | €38,551 | +€12,264 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €3,283 | €5,048 | +€1,766 | +53.8% |
| Trade debts | 44 | €4,563 | €3,735 | -€828 | -18.1% |
| Suppliers | 440/4 | €4,563 | €3,735 | -€828 | -18.1% |
| Taxes, remuneration and social security | 45 | €4,533 | €6,097 | +€1,565 | +34.5% |
| Taxes | 450/3 | €960 | €273 | -€687 | -71.6% |
| Remuneration and social security | 454/9 | €3,573 | €5,824 | +€2,251 | +63.0% |
| Other amounts payable | 47/48 | €13,909 | €23,671 | +€9,762 | +70.2% |
| Accrued charges and deferred income | 492/3 | €43 | €391 | +€348 | +815.4% |
| Remuneration, social security and pensions | 62 | €37,465 | €43,924 | +€6,460 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,624 | €3,536 | -€88 | -2.4% |
| Other operating charges | 640/8 | €1,734 | €1,813 | +€78 | +4.5% |
| Gross operating margin | 9900 | €45,882 | €35,393 | -€10,489 | -22.9% |
| Operating profit (loss) | 9901 | €3,059 | -€13,880 | -€16,939 | |
| Financial income | 75/76B | €84 | €114 | +€30 | +35.4% |
| Recurring financial income | 75 | €84 | €114 | +€30 | +35.4% |
| Financial charges | 65/66B | €686 | €626 | -€60 | -8.7% |
| Recurring financial charges | 65 | €686 | €626 | -€60 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €2,458 | -€14,392 | -€16,850 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €2,458 | -€14,392 | -€16,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,458 | -€14,392 | -€16,850 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.