SALUBRIS: 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.
What changed
SALUBRIS
NACE 46.442, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€402,231
2024 · €564,675-€966,906
Equity
€4.2m
2024 · €4.6m-€402,232
Cash
€401,400
2024 · €987,970-€586,570
Balance sheet total
€14.8m
2024 · €12.9m+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.7m
up €1.7m (+119,857%), from €1,395 to €1.7m
of which Affiliated companies: +€1.7m
- Receivables within one year +€690,217
up €690,217 (+14.0%), from €4.9m to €5.6m
of which Other amounts receivable: +€581,167
- Cash -€586,570
down €586,570 (-59.4%), from €987,970 to €401,400
mainly Investment in fixed assets (net) (-€2.1m) and Receivables within one year (-€690,217)
- Stocks and contracts +€434,551
up €434,551 (+11.0%), from €4.0m to €4.4m
- Intangible fixed assets -€388,463
down €388,463 (-20.1%), from €1.9m to €1.5m
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+33.9%), from €3.8m to €5.1m
- Other debts +€1.1m
up €1.1m (+350%), from €300,000 to €1.4m
- Debts after one year +€895,065
up €895,065 (+42.3%), from €2.1m to €3.0m
of which Financial debts: +€745,065
- Current portion of long-term debt -€647,585
down €647,585 (-91.4%), from €708,782 to €61,198
- Reserves -€402,232
down €402,232 (-8.9%), from €4.5m to €4.1m
of which Distributable reserves: -€390,981
Income statement
- Turnover +€1.6m
up €1.6m (+5.7%), from €28.4m to €30.0m
- Goods and materials +€1.5m
up €1.5m (+7.7%), from €19.9m to €21.4m
of which Purchases: +€2.0m
- Services and other goods +€388,217
up €388,217 (+10.4%), from €3.7m to €4.1m
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.
Result 2024
€564,675
Turnover
+€1.6m
Other operating income
+€4,047
Goods and materials
-€1.5m
Services and other goods
-€388,217
Staff costs
-€198,466
Depreciation
-€260,669
Write-downs
-€191,298
Other operating charges
-€21,168
Other operating items
-€164,723
Financial income
-€15,913
Financial charges
-€43,669
Taxes
+€216,950
Deferred taxes and other
+€3,750
Result 2025
-€402,231
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€2.1m
Financing
+€151,296
Cash 2024
€987,970
From operations (derived)
+€1.3m
Net result for the year
-€402,231
Depreciation
+€721,254
Stocks and contracts
-€434,551
Receivables within one year
-€690,217
Deferred charges and accrued income
-€36,463
Provisions
-€3,750
Trade debts
+€1.3m
Tax, wage and social debts
-€268,734
Other debts
+€1.1m
Accrued charges and deferred income
+€79,243
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€151,296
Debts after one year
+€895,065
Current portion of long-term debt
-€647,585
Short-term financial debts
-€96,184
Contributions, distributions and other
-€1
Cash 2025
€401,400
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,894,710 | €14,803,393 | +€1.9m | +14.8% |
| Fixed assets | 21/28 | €2,864,266 | €4,198,288 | +€1.3m | +46.6% |
| Intangible fixed assets | 21 | €1,936,811 | €1,548,348 | -€388,463 | -20.1% |
| Tangible fixed assets | 22/27 | €926,060 | €976,545 | +€50,485 | +5.5% |
| Plant, machinery and equipment | 23 | €361,831 | €388,950 | +€27,119 | +7.5% |
| Furniture and vehicles | 24 | €177,097 | €316,046 | +€138,949 | +78.5% |
| Leasing and similar rights | 25 | €308,297 | €192,973 | -€115,324 | -37.4% |
| Other tangible fixed assets | 26 | €78,835 | €72,839 | -€5,996 | -7.6% |
| Assets under construction and advance payments | 27 | - | €5,737 | +€5,737 | |
| Financial fixed assets | 28 | €1,395 | €1,673,395 | +€1.7m | +119,857% |
| Affiliated companies | 280/1 | - | €1,672,000 | +€1.7m | |
| Participating interests | 280 | - | €1,672,000 | +€1.7m | |
| Other financial fixed assets | 284/8 | €1,395 | €1,395 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,395 | €1,395 | = | 0.0% |
| Current assets | 29/58 | €10,030,444 | €10,605,105 | +€574,661 | +5.7% |
| Stocks and contracts in progress | 3 | €3,952,869 | €4,387,420 | +€434,551 | +11.0% |
| Stocks | 30/36 | €3,952,869 | €4,387,420 | +€434,551 | +11.0% |
| Raw materials and consumables | 30/31 | €3,952,869 | €4,387,420 | +€434,551 | +11.0% |
| Amounts receivable within one year | 40/41 | €4,942,573 | €5,632,790 | +€690,217 | +14.0% |
| Trade receivables | 40 | €4,831,775 | €4,940,825 | +€109,050 | +2.3% |
| Other amounts receivable | 41 | €110,798 | €691,965 | +€581,167 | +525% |
| Cash at bank and in hand | 54/58 | €987,970 | €401,400 | -€586,570 | -59.4% |
| Deferred charges and accrued income | 490/1 | €147,032 | €183,495 | +€36,463 | +24.8% |
| Total equity and liabilities | 10/49 | €12,894,710 | €14,803,393 | +€1.9m | +14.8% |
| Equity | 10/15 | €4,563,094 | €4,160,862 | -€402,232 | -8.8% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €4,532,094 | €4,129,862 | -€402,232 | -8.9% |
| Tax-exempt reserves | 132 | €112,387 | €101,137 | -€11,250 | -10.0% |
| Distributable reserves | 133 | €4,419,707 | €4,028,726 | -€390,981 | -8.8% |
| Provisions and deferred taxes | 16 | €3,750 | €0 | -€3,750 | -100% |
| Deferred taxes | 168 | €3,750 | €0 | -€3,750 | -100% |
| Amounts payable | 17/49 | €8,327,866 | €10,642,530 | +€2.3m | +27.8% |
| Amounts payable after more than one year | 17 | €2,118,125 | €3,013,190 | +€895,065 | +42.3% |
| Financial debts | 170/4 | €2,118,125 | €2,863,190 | +€745,065 | +35.2% |
| Leasing and similar obligations | 172 | €201,466 | €133,190 | -€68,276 | -33.9% |
| Credit institutions | 173 | €1,916,659 | €0 | -€1.9m | -100% |
| Other loans | 174 | - | €2,730,000 | +€2.7m | |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €6,082,459 | €7,422,816 | +€1.3m | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €708,782 | €61,198 | -€647,585 | -91.4% |
| Financial debts | 43 | €167,544 | €71,360 | -€96,184 | -57.4% |
| Credit institutions | 430/8 | €167,544 | €71,360 | -€96,184 | -57.4% |
| Trade debts | 44 | €3,839,725 | €5,142,584 | +€1.3m | +33.9% |
| Suppliers | 440/4 | €3,839,725 | €5,142,584 | +€1.3m | +33.9% |
| Taxes, remuneration and social security | 45 | €1,066,408 | €797,674 | -€268,734 | -25.2% |
| Taxes | 450/3 | €413,561 | €290,272 | -€123,289 | -29.8% |
| Remuneration and social security | 454/9 | €652,847 | €507,403 | -€145,444 | -22.3% |
| Other amounts payable | 47/48 | €300,000 | €1,350,000 | +€1.1m | +350% |
| Accrued charges and deferred income | 492/3 | €127,282 | €206,525 | +€79,243 | +62.3% |
| Operating income | 70/76A | €28,729,981 | €30,238,205 | +€1.5m | +5.2% |
| Turnover | 70 | €28,402,757 | €30,024,679 | +€1.6m | +5.7% |
| Own construction capitalised | 72 | €118,400 | €0 | -€118,400 | -100% |
| Other operating income | 74 | €136,048 | €140,095 | +€4,047 | +3.0% |
| Non-recurring operating income | 76A | €72,776 | €73,431 | +€655 | +0.9% |
| Operating charges | 60/66A | €27,950,524 | €30,586,773 | +€2.6m | +9.4% |
| Goods for resale, raw materials and consumables | 60 | €19,886,360 | €21,415,812 | +€1.5m | +7.7% |
| Purchases | 600/8 | €19,836,559 | €21,873,152 | +€2.0m | +10.3% |
| Change in stocks: decrease (increase) | 609 | €49,801 | -€457,340 | -€507,141 | |
| Services and other goods | 61 | €3,737,331 | €4,125,548 | +€388,217 | +10.4% |
| Remuneration, social security and pensions | 62 | €3,962,433 | €4,160,899 | +€198,466 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460,585 | €721,254 | +€260,669 | +56.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€159,794 | €31,504 | +€191,298 | |
| Other operating charges | 640/8 | €37,745 | €58,913 | +€21,168 | +56.1% |
| Non-recurring operating charges | 66A | €25,864 | €72,843 | +€46,979 | +182% |
| Operating profit (loss) | 9901 | €779,457 | -€348,567 | -€1.1m | |
| Financial income | 75/76B | €203,741 | €187,828 | -€15,913 | -7.8% |
| Recurring financial income | 75 | €203,741 | €187,828 | -€15,913 | -7.8% |
| Income from current assets | 751 | €3,649 | €0 | -€3,649 | -100% |
| Other financial income | 752/9 | €200,092 | €187,828 | -€12,264 | -6.1% |
| Financial charges | 65/66B | €199,441 | €243,110 | +€43,669 | +21.9% |
| Recurring financial charges | 65 | €199,441 | €243,110 | +€43,669 | +21.9% |
| Debt charges | 650 | €139,046 | €190,510 | +€51,464 | +37.0% |
| Other financial charges | 652/9 | €60,395 | €52,600 | -€7,795 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €783,757 | -€403,849 | -€1.2m | |
| Transfer from deferred taxes | 780 | - | €3,750 | +€3,750 | |
| Income taxes | 67/77 | €219,082 | €2,132 | -€216,950 | -99.0% |
| Taxes | 670/3 | €219,082 | €2,132 | -€216,950 | -99.0% |
| Profit (loss) for the period | 9904 | €564,675 | -€402,231 | -€966,906 | |
| Transfer from tax-exempt reserves | 789 | - | €11,250 | +€11,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €564,675 | -€390,981 | -€955,656 |
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 16 October 2026 via checked.be.