Salto Systems: 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 Systems
Largest movements
- Receivables within one year -€976,043
down €976,043 (-42.3%), from €2.3m to €1.3m
of which Trade receivables: -€860,187
- Intangible fixed assets -€361,978
down €361,978 (-27.8%), from €1.3m to €940,137
- Cash +€207,268
up €207,268 (+16.1%), from €1.3m to €1.5m
mainly Receivables within one year (+€976,043) and Net result for the year (+€543,197)
- Stocks and contracts +€94,358
up €94,358 (+148%), from €63,607 to €157,964
- Other debts -€738,545
down €738,545 (-50.5%), from €1.5m to €723,351
- Trade debts -€255,697
down €255,697 (-40.0%), from €639,017 to €383,319
- Tax, wage and social debts -€64,306
down €64,306 (-9.4%), from €687,015 to €622,708
of which Taxes: -€142,111
- Staff costs +€458,941
up €458,941 (+34.4%), from €1.3m to €1.8m
- Gross operating margin -€243,576
down €243,576 (-7.6%), from €3.2m to €3.0m
- Taxes -€127,872
down €127,872 (-35.9%), from €356,569 to €228,697
- Financial charges -€48,064
down €48,064 (-97.2%), from €49,433 to €1,369
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 | €5,027,386 | €3,983,226 | -€1.0m | -20.8% |
| Fixed assets | 21/28 | €1,368,085 | €998,343 | -€369,743 | -27.0% |
| Intangible fixed assets | 21 | €1,302,115 | €940,137 | -€361,978 | -27.8% |
| Tangible fixed assets | 22/27 | €47,830 | €40,066 | -€7,765 | -16.2% |
| Plant, machinery and equipment | 23 | €38,763 | €35,077 | -€3,686 | -9.5% |
| Furniture and vehicles | 24 | €9,067 | €4,989 | -€4,079 | -45.0% |
| Financial fixed assets | 28 | €18,140 | €18,140 | = | 0.0% |
| Current assets | 29/58 | €3,659,301 | €2,984,884 | -€674,417 | -18.4% |
| Stocks and contracts in progress | 3 | €63,607 | €157,964 | +€94,358 | +148% |
| Stocks | 30/36 | €63,607 | €157,964 | +€94,358 | +148% |
| Amounts receivable within one year | 40/41 | €2,308,338 | €1,332,295 | -€976,043 | -42.3% |
| Trade receivables | 40 | €2,190,632 | €1,330,445 | -€860,187 | -39.3% |
| Other amounts receivable | 41 | €117,706 | €1,850 | -€115,856 | -98.4% |
| Cash at bank and in hand | 54/58 | €1,287,356 | €1,494,624 | +€207,268 | +16.1% |
| Total equity and liabilities | 10/49 | €5,027,386 | €3,983,226 | -€1.0m | -20.8% |
| Equity | 10/15 | €2,048,608 | €2,068,454 | +€19,846 | +1.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,030,058 | €2,049,904 | +€19,846 | +1.0% |
| Distributable reserves | 133 | €2,030,058 | €2,049,904 | +€19,846 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,978,778 | €1,914,773 | -€1.1m | -35.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,787,927 | €1,729,379 | -€1.1m | -38.0% |
| Trade debts | 44 | €639,017 | €383,319 | -€255,697 | -40.0% |
| Suppliers | 440/4 | €639,017 | €383,319 | -€255,697 | -40.0% |
| Taxes, remuneration and social security | 45 | €687,015 | €622,708 | -€64,306 | -9.4% |
| Taxes | 450/3 | €432,278 | €290,168 | -€142,111 | -32.9% |
| Remuneration and social security | 454/9 | €254,736 | €332,541 | +€77,804 | +30.5% |
| Other amounts payable | 47/48 | €1,461,896 | €723,351 | -€738,545 | -50.5% |
| Accrued charges and deferred income | 492/3 | €190,851 | €185,394 | -€5,457 | -2.9% |
| Remuneration, social security and pensions | 62 | €1,334,962 | €1,793,903 | +€458,941 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,655 | €383,164 | +€1,508 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €7,595 | +€7,595 | |
| Other operating charges | 640/8 | €5,026 | €242 | -€4,784 | -95.2% |
| Gross operating margin | 9900 | €3,201,743 | €2,958,167 | -€243,576 | -7.6% |
| Operating profit (loss) | 9901 | €1,480,100 | €773,264 | -€706,836 | -47.8% |
| Financial charges | 65/66B | €49,433 | €1,369 | -€48,064 | -97.2% |
| Recurring financial charges | 65 | €49,433 | €1,369 | -€48,064 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €1,430,667 | €771,894 | -€658,772 | -46.0% |
| Income taxes | 67/77 | €356,569 | €228,697 | -€127,872 | -35.9% |
| Profit (loss) for the period | 9904 | €1,074,097 | €543,197 | -€530,900 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,074,097 | €543,197 | -€530,900 | -49.4% |
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 19 October 2026 via checked.be.