SALUS: what changed
Two fiscal 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
- Stocks and contracts -€40,146
down €40,146 (-19.3%), from €207,846 to €167,700
- Tangible fixed assets -€27,621
down €27,621 (-6.2%), from €444,792 to €417,171
of which Land and buildings: -€21,800
- Receivables within one year +€22,775
up €22,775 (+52.5%), from €43,382 to €66,158
of which Other amounts receivable: +€16,742
- Debts after one year -€42,991
down €42,991 (-33.3%), from €128,974 to €85,983
- Reserves +€21,244
up €21,244 (+1.6%), from €1.3m to €1.3m
of which Distributable reserves: +€21,244
- Turnover -€1.5m
no longer reported in 2025 (was €1.5m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Staff costs +€25,516
up €25,516 (+13.8%), from €185,156 to €210,672
- Gross operating margin +€24,893
up €24,893 (+7.5%), from €333,373 to €358,266
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.
Cash bridge derived
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 | €2,056,057 | €2,035,885 | -€20,172 | -1.0% |
| Fixed assets | 21/28 | €444,792 | €417,171 | -€27,621 | -6.2% |
| Tangible fixed assets | 22/27 | €444,792 | €417,171 | -€27,621 | -6.2% |
| Land and buildings | 22 | €416,548 | €394,748 | -€21,800 | -5.2% |
| Plant, machinery and equipment | 23 | €20,951 | €17,278 | -€3,673 | -17.5% |
| Furniture and vehicles | 24 | €7,293 | €5,144 | -€2,148 | -29.5% |
| Current assets | 29/58 | €1,611,265 | €1,618,714 | +€7,449 | +0.5% |
| Stocks and contracts in progress | 3 | €207,846 | €167,700 | -€40,146 | -19.3% |
| Stocks | 30/36 | €207,846 | €167,700 | -€40,146 | -19.3% |
| Amounts receivable within one year | 40/41 | €43,382 | €66,158 | +€22,775 | +52.5% |
| Trade receivables | 40 | €3,186 | €9,220 | +€6,034 | +189.4% |
| Other amounts receivable | 41 | €40,196 | €56,938 | +€16,742 | +41.6% |
| Cash at bank and in hand | 54/58 | €1,346,271 | €1,366,719 | +€20,448 | +1.5% |
| Deferred charges and accrued income | 490/1 | €13,766 | €18,138 | +€4,371 | +31.8% |
| Total equity and liabilities | 10/49 | €2,056,057 | €2,035,885 | -€20,172 | -1.0% |
| Equity | 10/15 | €1,400,759 | €1,422,003 | +€21,244 | +1.5% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €1,307,159 | €1,328,403 | +€21,244 | +1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,307,159 | €1,328,403 | +€21,244 | +1.6% |
| Amounts payable | 17/49 | €655,298 | €613,881 | -€41,417 | -6.3% |
| Amounts payable after more than one year | 17 | €128,974 | €85,983 | -€42,991 | -33.3% |
| Financial debts | 170/4 | €128,974 | €85,983 | -€42,991 | -33.3% |
| Amounts payable within one year | 42/48 | €526,324 | €527,899 | +€1,574 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €42,991 | €42,991 | = | 0.0% |
| Trade debts | 44 | €424,482 | €438,280 | +€13,798 | +3.3% |
| Suppliers | 440/4 | €424,482 | €438,280 | +€13,798 | +3.3% |
| Advances received on contracts in progress | 46 | €8,831 | €0 | -€8,831 | -100.0% |
| Taxes, remuneration and social security | 45 | €50,019 | €46,627 | -€3,392 | -6.8% |
| Taxes | 450/3 | €22,576 | €21,689 | -€886 | -3.9% |
| Remuneration and social security | 454/9 | €27,444 | €24,938 | -€2,506 | -9.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €1,530,166 | - | -€1.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,240,190 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €185,156 | €210,672 | +€25,516 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,944 | €29,296 | +€352 | +1.2% |
| Other operating charges | 640/8 | €61,973 | €73,960 | +€11,987 | +19.3% |
| Gross operating margin | 9900 | €333,373 | €358,266 | +€24,893 | +7.5% |
| Operating profit (loss) | 9901 | €57,300 | €44,338 | -€12,962 | -22.6% |
| Financial income | 75/76B | €3,509 | €5,468 | +€1,960 | +55.9% |
| Recurring financial income | 75 | €3,509 | €5,468 | +€1,960 | +55.9% |
| Financial charges | 65/66B | €22,069 | €16,520 | -€5,549 | -25.1% |
| Recurring financial charges | 65 | €22,069 | €16,520 | -€5,549 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €38,740 | €33,287 | -€5,453 | -14.1% |
| Income taxes | 67/77 | €10,851 | €12,042 | +€1,191 | +11.0% |
| Profit (loss) for the period | 9904 | €27,889 | €21,244 | -€6,644 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,889 | €21,244 | -€6,644 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.