SALT MANAGEMENT: 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.
SALT MANAGEMENT
Largest movements
- Cash +€131,505
up €131,505 (+125%), from €105,394 to €236,899
mainly Net result for the year (+€141,403) and Other debts (+€98,865)
- Tangible fixed assets +€51,122
up €51,122 (+1,198%), from €4,267 to €55,389
of which Furniture and vehicles: +€50,447
- Intangible fixed assets -€27,521
down €27,521 (-96.0%), from €28,681 to €1,160
- Other debts +€98,865
up €98,865 (+94.9%), from €104,187 to €203,052
- Tax, wage and social debts +€32,471
up €32,471 (+157%), from €20,619 to €53,090
of which Taxes: +€32,506
- Debts after one year +€27,860
new in 2025: €27,860
- Profit (loss) carried forward -€16,549
down €16,549 (-100%), from €16,549 to €0
- Current portion of long-term debt +€12,530
new in 2025: €12,530
- Gross operating margin +€133,257
up €133,257 (+86.5%), from €154,009 to €287,265
- Taxes +€38,384
up €38,384 (+409%), from €9,384 to €47,767
- Depreciation +€6,476
up €6,476 (+18.7%), from €34,723 to €41,198
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 | €161,089 | €317,815 | +€156,726 | +97.3% |
| Fixed assets | 21/28 | €33,510 | €57,111 | +€23,601 | +70.4% |
| Intangible fixed assets | 21 | €28,681 | €1,160 | -€27,521 | -96.0% |
| Tangible fixed assets | 22/27 | €4,267 | €55,389 | +€51,122 | +1,198% |
| Plant, machinery and equipment | 23 | €2,830 | €3,505 | +€675 | +23.8% |
| Furniture and vehicles | 24 | €1,437 | €51,884 | +€50,447 | +3,510% |
| Financial fixed assets | 28 | €561 | €561 | = | 0.0% |
| Current assets | 29/58 | €127,579 | €260,705 | +€133,125 | +104% |
| Cash at bank and in hand | 54/58 | €105,394 | €236,899 | +€131,505 | +125% |
| Deferred charges and accrued income | 490/1 | €22,185 | €23,806 | +€1,620 | +7.3% |
| Total equity and liabilities | 10/49 | €161,089 | €317,815 | +€156,726 | +97.3% |
| Equity | 10/15 | €35,149 | €18,600 | -€16,549 | -47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,549 | €0 | -€16,549 | -100% |
| Amounts payable | 17/49 | €125,940 | €299,215 | +€173,276 | +138% |
| Amounts payable after more than one year | 17 | - | €27,860 | +€27,860 | |
| Financial debts | 170/4 | - | €27,860 | +€27,860 | |
| Amounts payable within one year | 42/48 | €125,940 | €271,355 | +€145,415 | +115% |
| Current portion of amounts payable after more than one year | 42 | - | €12,530 | +€12,530 | |
| Trade debts | 44 | €1,134 | €2,683 | +€1,549 | +137% |
| Suppliers | 440/4 | €1,134 | €2,683 | +€1,549 | +137% |
| Taxes, remuneration and social security | 45 | €20,619 | €53,090 | +€32,471 | +157% |
| Taxes | 450/3 | €12,666 | €45,172 | +€32,506 | +257% |
| Remuneration and social security | 454/9 | €7,953 | €7,918 | -€35 | -0.4% |
| Other amounts payable | 47/48 | €104,187 | €203,052 | +€98,865 | +94.9% |
| Remuneration, social security and pensions | 62 | €50,803 | €51,625 | +€823 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,723 | €41,198 | +€6,476 | +18.7% |
| Other operating charges | 640/8 | €1,340 | €1,360 | +€20 | +1.5% |
| Gross operating margin | 9900 | €154,009 | €287,265 | +€133,257 | +86.5% |
| Operating profit (loss) | 9901 | €67,144 | €193,082 | +€125,938 | +188% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.7% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.7% |
| Financial charges | 65/66B | €4,829 | €3,912 | -€918 | -19.0% |
| Recurring financial charges | 65 | €3,936 | €3,912 | -€25 | -0.6% |
| Non-recurring financial charges | 66B | €893 | - | -€893 | |
| Profit (loss) for the period before taxes | 9903 | €62,318 | €189,170 | +€126,852 | +204% |
| Income taxes | 67/77 | €9,384 | €47,767 | +€38,384 | +409% |
| Profit (loss) for the period | 9904 | €52,935 | €141,403 | +€88,468 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €52,935 | €141,403 | +€88,468 | +167% |
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 29 October 2026 via checked.be.