SALU-IMMO: 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.
SALU-IMMO
Largest movements
- Deferred charges and accrued income -€71,977
down €71,977 (-98.3%), from €73,200 to €1,223
- Receivables within one year -€16,841
down €16,841 (-66.8%), from €25,214 to €8,373
- Tangible fixed assets -€14,113
down €14,113 (-8.1%), from €175,183 to €161,070
- Cash +€3,013
up €3,013 (+132%), from €2,284 to €5,297
mainly Deferred charges and accrued income (+€71,977) and Receivables within one year (+€16,841)
- Other debts -€73,026
no longer reported in 2026 (was €73,026)
- Profit (loss) carried forward -€29,543
down €29,543 (-37.9%), from €78,037 to €48,493
- Tax, wage and social debts +€3,132
up €3,132 (+47.5%), from €6,600 to €9,732
- Gross operating margin -€10,546
down €10,546 (-1,326%), from -€795 to -€11,341
- Taxes +€1,969
up €1,969, from -€33 to €1,936
- Financial income -€1,752
no longer reported in 2026 (was €1,752)
- Financial charges -€157
no longer reported in 2026 (was €157)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,881 | €175,962 | -€99,919 | -36.2% |
| Fixed assets | 21/28 | €175,183 | €161,070 | -€14,113 | -8.1% |
| Tangible fixed assets | 22/27 | €175,183 | €161,070 | -€14,113 | -8.1% |
| Land and buildings | 22 | €175,183 | €161,070 | -€14,113 | -8.1% |
| Current assets | 29/58 | €100,697 | €14,892 | -€85,806 | -85.2% |
| Amounts receivable within one year | 40/41 | €25,214 | €8,373 | -€16,841 | -66.8% |
| Other amounts receivable | 41 | €25,214 | €8,373 | -€16,841 | -66.8% |
| Cash at bank and in hand | 54/58 | €2,284 | €5,297 | +€3,013 | +132% |
| Deferred charges and accrued income | 490/1 | €73,200 | €1,223 | -€71,977 | -98.3% |
| Total equity and liabilities | 10/49 | €275,881 | €175,962 | -€99,919 | -36.2% |
| Equity | 10/15 | €193,142 | €163,598 | -€29,543 | -15.3% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €108,855 | €108,855 | = | 0.0% |
| Distributable reserves | 133 | €108,855 | €108,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,037 | €48,493 | -€29,543 | -37.9% |
| Amounts payable | 17/49 | €82,739 | €12,364 | -€70,375 | -85.1% |
| Amounts payable within one year | 42/48 | €80,184 | €9,861 | -€70,323 | -87.7% |
| Trade debts | 44 | €558 | €129 | -€429 | -76.9% |
| Suppliers | 440/4 | €558 | €129 | -€429 | -76.9% |
| Taxes, remuneration and social security | 45 | €6,600 | €9,732 | +€3,132 | +47.5% |
| Taxes | 450/3 | €6,600 | €9,732 | +€3,132 | +47.5% |
| Other amounts payable | 47/48 | €73,026 | - | -€73,026 | |
| Accrued charges and deferred income | 492/3 | €2,555 | €2,503 | -€52 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,113 | €14,113 | = | 0.0% |
| Other operating charges | 640/8 | €2,128 | €2,153 | +€25 | +1.2% |
| Gross operating margin | 9900 | -€795 | -€11,341 | -€10,546 | -1,326% |
| Operating profit (loss) | 9901 | -€17,036 | -€27,607 | -€10,571 | -62.0% |
| Financial income | 75/76B | €1,752 | - | -€1,752 | |
| Recurring financial income | 75 | €1,752 | - | -€1,752 | |
| Financial charges | 65/66B | €157 | - | -€157 | |
| Recurring financial charges | 65 | €157 | - | -€157 | |
| Profit (loss) for the period before taxes | 9903 | -€15,441 | -€27,607 | -€12,166 | -78.8% |
| Income taxes | 67/77 | -€33 | €1,936 | +€1,969 | |
| Profit (loss) for the period | 9904 | -€15,409 | -€29,543 | -€14,134 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,409 | -€29,543 | -€14,134 | -91.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.