SALTO: 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.
SALTO
Largest movements
- Tangible fixed assets -€13,677
down €13,677 (-24.3%), from €56,265 to €42,588
of which Land and buildings: -€10,923
- Cash +€1,501
up €1,501 (+84.8%), from €1,770 to €3,271
mainly Depreciation (+€13,677) and Net result for the year (+€1,872)
- Deferred charges and accrued income +€891
up €891 (+33.4%), from €2,664 to €3,555
- Debts after one year -€11,465
down €11,465 (-30.7%), from €37,370 to €25,905
- Profit (loss) carried forward +€1,872
up €1,872 (+4.3%), from -€43,911 to -€42,040
- Trade debts -€1,715
down €1,715 (-49.3%), from €3,480 to €1,765
- Other debts +€1,396
up €1,396 (+4.2%), from €33,075 to €34,471
- Staff costs -€4,864
down €4,864 (-45.9%), from €10,608 to €5,744
- Gross operating margin +€2,655
up €2,655 (+10.8%), from €24,657 to €27,312
- Financial charges -€750
down €750 (-38.6%), from €1,946 to €1,196
- Financial income -€490
no longer reported in 2025 (was €490)
- Other operating charges +€486
up €486 (+11.9%), from €4,095 to €4,582
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 | €69,224 | €58,981 | -€10,242 | -14.8% |
| Fixed assets | 21/28 | €56,265 | €42,588 | -€13,677 | -24.3% |
| Tangible fixed assets | 22/27 | €56,265 | €42,588 | -€13,677 | -24.3% |
| Land and buildings | 22 | €47,773 | €36,851 | -€10,923 | -22.9% |
| Plant, machinery and equipment | 23 | €769 | €489 | -€279 | -36.3% |
| Furniture and vehicles | 24 | €7,723 | €5,248 | -€2,475 | -32.0% |
| Current assets | 29/58 | €12,959 | €16,393 | +€3,434 | +26.5% |
| Stocks and contracts in progress | 3 | €6,421 | €7,045 | +€624 | +9.7% |
| Stocks | 30/36 | €6,421 | €7,045 | +€624 | +9.7% |
| Amounts receivable within one year | 40/41 | €2,103 | €2,522 | +€418 | +19.9% |
| Trade receivables | 40 | - | €374 | +€374 | |
| Other amounts receivable | 41 | €2,103 | €2,147 | +€44 | +2.1% |
| Cash at bank and in hand | 54/58 | €1,770 | €3,271 | +€1,501 | +84.8% |
| Deferred charges and accrued income | 490/1 | €2,664 | €3,555 | +€891 | +33.4% |
| Total equity and liabilities | 10/49 | €69,224 | €58,981 | -€10,242 | -14.8% |
| Equity | 10/15 | -€16,738 | -€14,867 | +€1,872 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,581 | €8,581 | = | 0.0% |
| Distributable reserves | 133 | €8,581 | €8,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,911 | -€42,040 | +€1,872 | +4.3% |
| Amounts payable | 17/49 | €85,962 | €73,848 | -€12,114 | -14.1% |
| Amounts payable after more than one year | 17 | €37,370 | €25,905 | -€11,465 | -30.7% |
| Financial debts | 170/4 | €37,370 | €25,905 | -€11,465 | -30.7% |
| Amounts payable within one year | 42/48 | €48,592 | €47,943 | -€649 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €11,165 | €11,465 | +€299 | +2.7% |
| Trade debts | 44 | €3,480 | €1,765 | -€1,715 | -49.3% |
| Suppliers | 440/4 | €3,480 | €1,765 | -€1,715 | -49.3% |
| Taxes, remuneration and social security | 45 | €873 | €242 | -€630 | -72.2% |
| Taxes | 450/3 | €873 | €242 | -€630 | -72.2% |
| Other amounts payable | 47/48 | €33,075 | €34,471 | +€1,396 | +4.2% |
| Remuneration, social security and pensions | 62 | €10,608 | €5,744 | -€4,864 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,677 | €13,677 | = | 0.0% |
| Other operating charges | 640/8 | €4,095 | €4,582 | +€486 | +11.9% |
| Gross operating margin | 9900 | €24,657 | €27,312 | +€2,655 | +10.8% |
| Operating profit (loss) | 9901 | -€3,723 | €3,310 | +€7,033 | |
| Financial income | 75/76B | €490 | - | -€490 | |
| Recurring financial income | 75 | €490 | - | -€490 | |
| Financial charges | 65/66B | €1,946 | €1,196 | -€750 | -38.6% |
| Recurring financial charges | 65 | €1,946 | €1,196 | -€750 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,179 | €2,114 | +€7,293 | |
| Income taxes | 67/77 | €234 | €242 | +€9 | +3.7% |
| Profit (loss) for the period | 9904 | -€5,412 | €1,872 | +€7,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,412 | €1,872 | +€7,284 |
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 10 October 2026 via checked.be.