SALSAC ENTREPRISES: what changed
SALSAC ENTREPRISES
Largest movements
- Receivables within one year +€36,665
up €36,665 (+77.6%), from €47,219 to €83,884
of which Trade receivables: +€39,396
- Cash -€27,534
down €27,534 (-12.2%), from €225,850 to €198,317
mainly Receivables within one year (-€36,665) and Tax, wage and social debts (-€22,664)
- Tangible fixed assets -€27,365
down €27,365 (-16.4%), from €166,626 to €139,261
of which Furniture and vehicles: -€36,933
- Tax, wage and social debts -€22,664
down €22,664 (-67.7%), from €33,477 to €10,814
of which Remuneration and social security: -€13,763
- Debts after one year -€18,044
down €18,044 (-59.2%), from €30,457 to €12,413
- Trade debts +€12,983
up €12,983 (+131%), from €9,879 to €22,862
- Reserves +€12,310
up €12,310 (+6.7%), from €183,492 to €195,802
of which Distributable reserves: +€12,310
- Staff costs +€69,517
up €69,517 (+34.9%), from €199,251 to €268,768
- Taxes -€19,092
down €19,092 (-59.7%), from €32,003 to €12,911
- Gross operating margin +€5,610
up €5,610 (+1.6%), from €348,212 to €353,822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,897 | €446,476 | -€16,421 | -3.5% |
| Fixed assets | 21/28 | €167,109 | €139,589 | -€27,520 | -16.5% |
| Intangible fixed assets | 21 | €193 | €38 | -€155 | -80.4% |
| Tangible fixed assets | 22/27 | €166,626 | €139,261 | -€27,365 | -16.4% |
| Land and buildings | 22 | €57,261 | €57,261 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,383 | €16,951 | +€9,568 | +130% |
| Furniture and vehicles | 24 | €101,982 | €65,049 | -€36,933 | -36.2% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €295,788 | €306,887 | +€11,099 | +3.8% |
| Stocks and contracts in progress | 3 | €13,483 | €15,132 | +€1,649 | +12.2% |
| Stocks | 30/36 | €13,483 | €15,132 | +€1,649 | +12.2% |
| Amounts receivable within one year | 40/41 | €47,219 | €83,884 | +€36,665 | +77.6% |
| Trade receivables | 40 | €28,231 | €67,627 | +€39,396 | +140% |
| Other amounts receivable | 41 | €18,988 | €16,257 | -€2,731 | -14.4% |
| Cash at bank and in hand | 54/58 | €225,850 | €198,317 | -€27,534 | -12.2% |
| Deferred charges and accrued income | 490/1 | €9,236 | €9,555 | +€319 | +3.5% |
| Total equity and liabilities | 10/49 | €462,897 | €446,476 | -€16,421 | -3.5% |
| Equity | 10/15 | €358,410 | €370,720 | +€12,310 | +3.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €183,492 | €195,802 | +€12,310 | +6.7% |
| Non-distributable reserves | 130/1 | €9,974 | €9,974 | = | 0.0% |
| Legal reserve | 130 | €9,974 | €9,974 | = | 0.0% |
| Distributable reserves | 133 | €173,518 | €185,828 | +€12,310 | +7.1% |
| Profit (loss) carried forward | 14 | €113,418 | €113,418 | = | 0.0% |
| Amounts payable | 17/49 | €104,487 | €75,757 | -€28,731 | -27.5% |
| Amounts payable after more than one year | 17 | €30,457 | €12,413 | -€18,044 | -59.2% |
| Financial debts | 170/4 | €30,457 | €12,413 | -€18,044 | -59.2% |
| Amounts payable within one year | 42/48 | €74,030 | €63,343 | -€10,687 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €17,375 | €18,044 | +€669 | +3.9% |
| Trade debts | 44 | €9,879 | €22,862 | +€12,983 | +131% |
| Suppliers | 440/4 | €9,879 | €22,862 | +€12,983 | +131% |
| Taxes, remuneration and social security | 45 | €33,477 | €10,814 | -€22,664 | -67.7% |
| Taxes | 450/3 | €14,290 | €5,390 | -€8,901 | -62.3% |
| Remuneration and social security | 454/9 | €19,187 | €5,424 | -€13,763 | -71.7% |
| Other amounts payable | 47/48 | €13,300 | €11,624 | -€1,675 | -12.6% |
| Remuneration, social security and pensions | 62 | €199,251 | €268,768 | +€69,517 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,007 | €39,893 | -€3,114 | -7.2% |
| Other operating charges | 640/8 | €6,575 | €7,118 | +€543 | +8.3% |
| Gross operating margin | 9900 | €348,212 | €353,822 | +€5,610 | +1.6% |
| Operating profit (loss) | 9901 | €99,379 | €38,043 | -€61,336 | -61.7% |
| Financial income | 75/76B | €114 | €420 | +€306 | +268% |
| Recurring financial income | 75 | €114 | €420 | +€306 | +268% |
| Financial charges | 65/66B | €3,043 | €2,138 | -€906 | -29.8% |
| Recurring financial charges | 65 | €3,043 | €2,138 | -€906 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €96,449 | €36,325 | -€60,124 | -62.3% |
| Income taxes | 67/77 | €32,003 | €12,911 | -€19,092 | -59.7% |
| Profit (loss) for the period | 9904 | €64,446 | €23,414 | -€41,032 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,446 | €23,414 | -€41,032 | -63.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.