SALUS: 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.
SALUS
Largest movements
- Cash -€137,979
down €137,979 (-56.3%), from €245,201 to €107,222
mainly Other debts (-€228,647) and Investment in fixed assets (net) (-€27,355)
- Tangible fixed assets -€22,467
down €22,467 (-6.3%), from €358,694 to €336,226
of which Land and buildings: -€22,228
- Current investments -€15,384
down €15,384 (-76.5%), from €20,104 to €4,720
- Other debts -€228,647
down €228,647 (-87.2%), from €262,075 to €33,428
- Profit (loss) carried forward +€57,722
up €57,722 (+10.0%), from -€578,706 to -€520,984
- Gross operating margin -€41,627
down €41,627 (-31.4%), from €132,603 to €90,976
- Depreciation -€41,579
down €41,579 (-45.5%), from €91,401 to €49,822
- Financial income +€24,845
up €24,845 (+3,346%), from €743 to €25,588
- Other operating charges -€4,198
down €4,198 (-32.3%), from €13,014 to €8,816
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 | €628,102 | €453,960 | -€174,142 | -27.7% |
| Fixed assets | 21/28 | €358,694 | €336,226 | -€22,467 | -6.3% |
| Tangible fixed assets | 22/27 | €358,694 | €336,226 | -€22,467 | -6.3% |
| Land and buildings | 22 | €358,454 | €336,226 | -€22,228 | -6.2% |
| Plant, machinery and equipment | 23 | €240 | - | -€240 | |
| Current assets | 29/58 | €269,408 | €117,734 | -€151,674 | -56.3% |
| Amounts receivable within one year | 40/41 | €405 | €509 | +€104 | +25.7% |
| Other amounts receivable | 41 | €405 | €509 | +€104 | +25.7% |
| Current investments | 50/53 | €20,104 | €4,720 | -€15,384 | -76.5% |
| Cash at bank and in hand | 54/58 | €245,201 | €107,222 | -€137,979 | -56.3% |
| Deferred charges and accrued income | 490/1 | €3,699 | €5,282 | +€1,584 | +42.8% |
| Total equity and liabilities | 10/49 | €628,102 | €453,960 | -€174,142 | -27.7% |
| Equity | 10/15 | €350,273 | €407,995 | +€57,722 | +16.5% |
| Contributions | 10/11 | €732,410 | €732,410 | = | 0.0% |
| Contributions outside capital | 11 | €732,410 | €732,410 | = | 0.0% |
| Other | 1109/19 | €732,410 | €732,410 | = | 0.0% |
| Reserves | 13 | €196,569 | €196,569 | = | 0.0% |
| Distributable reserves | 133 | €196,569 | €196,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€578,706 | -€520,984 | +€57,722 | +10.0% |
| Amounts payable | 17/49 | €277,829 | €45,965 | -€231,864 | -83.5% |
| Amounts payable after more than one year | 17 | €10,320 | €10,320 | = | 0.0% |
| Other amounts payable | 178/9 | €10,320 | €10,320 | = | 0.0% |
| Amounts payable within one year | 42/48 | €262,269 | €33,593 | -€228,676 | -87.2% |
| Trade debts | 44 | €146 | €165 | +€19 | +13.3% |
| Suppliers | 440/4 | €146 | €165 | +€19 | +13.3% |
| Taxes, remuneration and social security | 45 | €48 | - | -€48 | |
| Taxes | 450/3 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €262,075 | €33,428 | -€228,647 | -87.2% |
| Accrued charges and deferred income | 492/3 | €5,240 | €2,052 | -€3,188 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,401 | €49,822 | -€41,579 | -45.5% |
| Other operating charges | 640/8 | €13,014 | €8,816 | -€4,198 | -32.3% |
| Gross operating margin | 9900 | €132,603 | €90,976 | -€41,627 | -31.4% |
| Operating profit (loss) | 9901 | €28,188 | €32,338 | +€4,150 | +14.7% |
| Financial income | 75/76B | €743 | €25,588 | +€24,845 | +3,346% |
| Recurring financial income | 75 | €743 | €25,588 | +€24,845 | +3,346% |
| Financial charges | 65/66B | €139 | €203 | +€64 | +46.4% |
| Recurring financial charges | 65 | €139 | €203 | +€64 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €28,791 | €57,722 | +€28,931 | +100% |
| Profit (loss) for the period | 9904 | €28,791 | €57,722 | +€28,931 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €28,791 | €57,722 | +€28,931 | +100% |
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 15 October 2026 via checked.be.