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
- Current investments +€28,995
up €28,995 (+40.8%), from €71,005 to €100,000
- Receivables within one year -€15,077
down €15,077 (-85.8%), from €17,577 to €2,500
of which Trade receivables: -€15,077
- Cash +€10,669
up €10,669 (+191%), from €5,575 to €16,244
mainly Net result for the year (+€33,679) and Receivables within one year (+€15,077)
- Deferred charges and accrued income -€2,027
down €2,027 (-27.4%), from €7,397 to €5,370
- Tangible fixed assets -€1,406
down €1,406 (-9.2%), from €15,308 to €13,902
of which Plant, machinery and equipment: -€1,235
- Profit (loss) carried forward +€23,119
up €23,119 (+24.5%), from €94,313 to €117,432
- Tax, wage and social debts -€1,574
down €1,574 (-10.3%), from €15,321 to €13,747
- Gross operating margin -€2,833
down €2,833 (-5.7%), from €49,894 to €47,061
- Taxes -€917
down €917 (-8.7%), from €10,559 to €9,642
- Depreciation +€534
up €534 (+22.6%), from €2,362 to €2,896
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 | €116,862 | €138,016 | +€21,154 | +18.1% |
| Fixed assets | 21/28 | €15,308 | €13,902 | -€1,406 | -9.2% |
| Tangible fixed assets | 22/27 | €15,308 | €13,902 | -€1,406 | -9.2% |
| Plant, machinery and equipment | 23 | €3,846 | €2,611 | -€1,235 | -32.1% |
| Furniture and vehicles | 24 | €701 | €1,694 | +€993 | +142% |
| Other tangible fixed assets | 26 | €10,761 | €9,597 | -€1,164 | -10.8% |
| Current assets | 29/58 | €101,554 | €124,114 | +€22,560 | +22.2% |
| Amounts receivable within one year | 40/41 | €17,577 | €2,500 | -€15,077 | -85.8% |
| Trade receivables | 40 | €15,077 | - | -€15,077 | |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Current investments | 50/53 | €71,005 | €100,000 | +€28,995 | +40.8% |
| Cash at bank and in hand | 54/58 | €5,575 | €16,244 | +€10,669 | +191% |
| Deferred charges and accrued income | 490/1 | €7,397 | €5,370 | -€2,027 | -27.4% |
| Total equity and liabilities | 10/49 | €116,862 | €138,016 | +€21,154 | +18.1% |
| Equity | 10/15 | €99,313 | €122,432 | +€23,119 | +23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,313 | €117,432 | +€23,119 | +24.5% |
| Amounts payable | 17/49 | €17,549 | €15,584 | -€1,965 | -11.2% |
| Amounts payable within one year | 42/48 | €17,549 | €15,584 | -€1,965 | -11.2% |
| Trade debts | 44 | €2,204 | €1,807 | -€397 | -18.0% |
| Suppliers | 440/4 | €2,204 | €1,807 | -€397 | -18.0% |
| Taxes, remuneration and social security | 45 | €15,321 | €13,747 | -€1,574 | -10.3% |
| Taxes | 450/3 | €15,321 | €13,747 | -€1,574 | -10.3% |
| Other amounts payable | 47/48 | €24 | €30 | +€6 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,362 | €2,896 | +€534 | +22.6% |
| Other operating charges | 640/8 | €1,355 | €1,240 | -€115 | -8.5% |
| Gross operating margin | 9900 | €49,894 | €47,061 | -€2,833 | -5.7% |
| Operating profit (loss) | 9901 | €46,177 | €42,925 | -€3,252 | -7.0% |
| Financial income | 75/76B | €132 | €438 | +€306 | +232% |
| Recurring financial income | 75 | €132 | €438 | +€306 | +232% |
| Financial charges | 65/66B | €47 | €42 | -€5 | -10.6% |
| Recurring financial charges | 65 | €47 | €42 | -€5 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €46,262 | €43,321 | -€2,941 | -6.4% |
| Income taxes | 67/77 | €10,559 | €9,642 | -€917 | -8.7% |
| Profit (loss) for the period | 9904 | €35,703 | €33,679 | -€2,024 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,703 | €33,679 | -€2,024 | -5.7% |
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 14 October 2026 via checked.be.