Salrepco: 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.
Salrepco
Largest movements
- Tangible fixed assets +€275,888
up €275,888 (+93664.1%), from €295 to €276,182
of which Land and buildings: +€276,182
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Cash -€22,313
down €22,313 (-84.7%), from €26,342 to €4,029
mainly Investment in fixed assets (net) (-€310,680) and Deferred charges and accrued income (-€3,120)
- Deferred charges and accrued income +€3,120
new in 2025: €3,120
- Other debts +€77,419
new in 2025: €77,419
- Reserves +€4,838
up €4,838 (+2.4%), from €201,095 to €205,934
of which Distributable reserves: +€6,708
- Depreciation +€34,398
up €34,398 (+8726.1%), from €394 to €34,792
- Gross operating margin +€17,735
up €17,735 (+52.6%), from €33,727 to €51,462
- Other operating charges +€15,064
up €15,064 (+12766.4%), from €118 to €15,182
- Taxes -€6,688
down €6,688 (-80.6%), from €8,300 to €1,612
- Financial income +€5,042
up €5,042 (+50419200.0%), from €0 to €5,042
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 | €222,754 | €305,265 | +€82,510 | +37.0% |
| Fixed assets | 21/28 | €295 | €276,182 | +€275,888 | +93664.1% |
| Tangible fixed assets | 22/27 | €295 | €276,182 | +€275,888 | +93664.1% |
| Land and buildings | 22 | - | €276,182 | +€276,182 | |
| Furniture and vehicles | 24 | €295 | - | -€295 | |
| Current assets | 29/58 | €222,460 | €29,083 | -€193,377 | -86.9% |
| Stocks and contracts in progress | 3 | €2,095 | €2,095 | = | 0.0% |
| Stocks | 30/36 | €2,095 | €2,095 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,022 | €19,838 | +€816 | +4.3% |
| Trade receivables | 40 | €13,625 | €18,122 | +€4,498 | +33.0% |
| Other amounts receivable | 41 | €5,398 | €1,716 | -€3,682 | -68.2% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €26,342 | €4,029 | -€22,313 | -84.7% |
| Deferred charges and accrued income | 490/1 | - | €3,120 | +€3,120 | |
| Total equity and liabilities | 10/49 | €222,754 | €305,265 | +€82,510 | +37.0% |
| Equity | 10/15 | €219,795 | €224,634 | +€4,838 | +2.2% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €201,095 | €205,934 | +€4,838 | +2.4% |
| Non-distributable reserves | 130/1 | €1,870 | - | -€1,870 | |
| Reserves not available under the articles | 1311 | €1,870 | - | -€1,870 | |
| Distributable reserves | 133 | €199,225 | €205,934 | +€6,708 | +3.4% |
| Amounts payable | 17/49 | €2,959 | €80,631 | +€77,672 | +2625.0% |
| Amounts payable within one year | 42/48 | €2,959 | €80,631 | +€77,672 | +2625.0% |
| Trade debts | 44 | €2,959 | €1,020 | -€1,939 | -65.5% |
| Suppliers | 440/4 | €2,959 | €1,020 | -€1,939 | -65.5% |
| Taxes, remuneration and social security | 45 | - | €2,193 | +€2,193 | |
| Taxes | 450/3 | - | €2,193 | +€2,193 | |
| Other amounts payable | 47/48 | - | €77,419 | +€77,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €34,792 | +€34,398 | +8726.1% |
| Other operating charges | 640/8 | €118 | €15,182 | +€15,064 | +12766.4% |
| Gross operating margin | 9900 | €33,727 | €51,462 | +€17,735 | +52.6% |
| Operating profit (loss) | 9901 | €33,215 | €1,487 | -€31,727 | -95.5% |
| Financial income | 75/76B | €0 | €5,042 | +€5,042 | +50419200.0% |
| Recurring financial income | 75 | €0 | €5,042 | +€5,042 | +50419200.0% |
| Financial charges | 65/66B | €78 | €80 | +€2 | +1.9% |
| Recurring financial charges | 65 | €78 | €80 | +€2 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €33,137 | €6,450 | -€26,687 | -80.5% |
| Income taxes | 67/77 | €8,300 | €1,612 | -€6,688 | -80.6% |
| Profit (loss) for the period | 9904 | €24,837 | €4,838 | -€19,999 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,837 | €4,838 | -€19,999 | -80.5% |
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 29 September 2026 via checked.be.