Salto Works: 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 Works
Largest movements
- Tangible fixed assets +€38,194
new in 2025: €38,194
of which Furniture and vehicles: +€36,541
- Current investments +€12,000
new in 2025: €12,000
- Receivables within one year +€8,954
up €8,954 (+347%), from €2,584 to €11,537
of which Trade receivables: +€9,081
- Deferred charges and accrued income +€3,024
up €3,024 (+1,656%), from €183 to €3,207
- Cash -€694
down €694 (-21.7%), from €3,205 to €2,511
mainly Investment in fixed assets (net) (-€41,678) and Current investments (-€12,000)
- Reserves +€24,709
new in 2025: €24,709
- Debts after one year +€15,864
new in 2025: €15,864
- Current portion of long-term debt +€9,147
new in 2025: €9,147
- Tax, wage and social debts +€7,629
new in 2025: €7,629
- Other debts +€1,685
up €1,685 (+120%), from €1,398 to €3,083
- Gross operating margin +€37,927
up €37,927, from -€991 to €36,936
- Taxes +€7,089
new in 2025: €7,089
- Depreciation +€3,484
new in 2025: €3,484
- Financial charges +€438
new in 2025: €438
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 | €5,971 | €67,449 | +€61,478 | +1,030% |
| Fixed assets | 21/28 | - | €38,194 | +€38,194 | |
| Tangible fixed assets | 22/27 | - | €38,194 | +€38,194 | |
| Plant, machinery and equipment | 23 | - | €1,653 | +€1,653 | |
| Furniture and vehicles | 24 | - | €36,541 | +€36,541 | |
| Current assets | 29/58 | €5,971 | €29,255 | +€23,284 | +390% |
| Amounts receivable within one year | 40/41 | €2,584 | €11,537 | +€8,954 | +347% |
| Trade receivables | 40 | €2,456 | €11,537 | +€9,081 | +370% |
| Other amounts receivable | 41 | €127 | €0 | -€127 | -100% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €3,205 | €2,511 | -€694 | -21.7% |
| Deferred charges and accrued income | 490/1 | €183 | €3,207 | +€3,024 | +1,656% |
| Total equity and liabilities | 10/49 | €5,971 | €67,449 | +€61,478 | +1,030% |
| Equity | 10/15 | €2,009 | €27,709 | +€25,699 | +1,279% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €24,709 | +€24,709 | |
| Distributable reserves | 133 | - | €24,709 | +€24,709 | |
| Profit (loss) carried forward | 14 | -€991 | €0 | +€991 | |
| Amounts payable | 17/49 | €3,961 | €39,740 | +€35,778 | +903% |
| Amounts payable after more than one year | 17 | - | €15,864 | +€15,864 | |
| Financial debts | 170/4 | - | €15,864 | +€15,864 | |
| Amounts payable within one year | 42/48 | €3,961 | €23,876 | +€19,915 | +503% |
| Current portion of amounts payable after more than one year | 42 | - | €9,147 | +€9,147 | |
| Financial debts | 43 | €43 | €19 | -€24 | -55.8% |
| Credit institutions | 430/8 | €43 | €19 | -€24 | -55.8% |
| Trade debts | 44 | €2,520 | €3,998 | +€1,478 | +58.6% |
| Suppliers | 440/4 | €2,520 | €3,998 | +€1,478 | +58.6% |
| Taxes, remuneration and social security | 45 | - | €7,629 | +€7,629 | |
| Taxes | 450/3 | - | €7,629 | +€7,629 | |
| Other amounts payable | 47/48 | €1,398 | €3,083 | +€1,685 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,484 | +€3,484 | |
| Other operating charges | 640/8 | - | €225 | +€225 | |
| Gross operating margin | 9900 | -€991 | €36,936 | +€37,927 | |
| Operating profit (loss) | 9901 | -€991 | €33,227 | +€34,217 | |
| Financial charges | 65/66B | - | €438 | +€438 | |
| Recurring financial charges | 65 | - | €438 | +€438 | |
| Profit (loss) for the period before taxes | 9903 | -€991 | €32,789 | +€33,779 | |
| Income taxes | 67/77 | - | €7,089 | +€7,089 | |
| Profit (loss) for the period | 9904 | -€991 | €25,699 | +€26,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€991 | €25,699 | +€26,690 |
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 20 October 2026 via checked.be.