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 +€23,236
up €23,236 (+87.3%), from €26,615 to €49,851
mainly Net result for the year (+€35,537) and Depreciation (+€10,913)
- Tangible fixed assets -€14,537
down €14,537 (-4.3%), from €334,262 to €319,725
of which Land and buildings: -€9,327
- Reserves +€33,837
up €33,837 (+35.8%), from €94,602 to €128,439
- Debts after one year -€14,776
down €14,776 (-6.0%), from €245,402 to €230,626
- Other debts -€7,891
down €7,891 (-34.1%), from €23,158 to €15,268
- Gross operating margin +€5,900
up €5,900 (+9.5%), from €61,841 to €67,740
- Financial charges +€4,294
up €4,294 (+58.3%), from €7,359 to €11,653
- Taxes -€2,652
down €2,652 (-22.4%), from €11,854 to €9,203
- Other operating charges -€2,152
down €2,152 (-55.8%), from €3,859 to €1,707
- Depreciation +€2,126
up €2,126 (+24.2%), from €8,788 to €10,913
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 | €395,623 | €405,155 | +€9,533 | +2.4% |
| Fixed assets | 21/28 | €334,262 | €319,725 | -€14,537 | -4.3% |
| Tangible fixed assets | 22/27 | €334,262 | €319,725 | -€14,537 | -4.3% |
| Land and buildings | 22 | €325,485 | €316,159 | -€9,327 | -2.9% |
| Plant, machinery and equipment | 23 | €947 | €643 | -€304 | -32.1% |
| Furniture and vehicles | 24 | €7,830 | €2,923 | -€4,906 | -62.7% |
| Current assets | 29/58 | €61,361 | €85,430 | +€24,069 | +39.2% |
| Amounts receivable within one year | 40/41 | €16,838 | €15,017 | -€1,821 | -10.8% |
| Trade receivables | 40 | €16,838 | €13,847 | -€2,991 | -17.8% |
| Other amounts receivable | 41 | €0 | €1,170 | +€1,170 | |
| Current investments | 50/53 | €17,333 | €19,897 | +€2,564 | +14.8% |
| Cash at bank and in hand | 54/58 | €26,615 | €49,851 | +€23,236 | +87.3% |
| Deferred charges and accrued income | 490/1 | €575 | €665 | +€90 | +15.6% |
| Total equity and liabilities | 10/49 | €395,623 | €405,155 | +€9,533 | +2.4% |
| Equity | 10/15 | €96,602 | €130,439 | +€33,837 | +35.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €94,602 | €128,439 | +€33,837 | +35.8% |
| Distributable reserves | 133 | €94,602 | €128,439 | +€33,837 | +35.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €299,021 | €274,716 | -€24,305 | -8.1% |
| Amounts payable after more than one year | 17 | €245,402 | €230,626 | -€14,776 | -6.0% |
| Financial debts | 170/4 | €245,402 | €230,626 | -€14,776 | -6.0% |
| Amounts payable within one year | 42/48 | €48,355 | €39,262 | -€9,093 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €14,261 | €14,776 | +€514 | +3.6% |
| Trade debts | 44 | €2,265 | €2,759 | +€494 | +21.8% |
| Suppliers | 440/4 | €2,265 | €2,759 | +€494 | +21.8% |
| Taxes, remuneration and social security | 45 | €8,671 | €6,460 | -€2,211 | -25.5% |
| Taxes | 450/3 | €8,671 | €6,460 | -€2,211 | -25.5% |
| Other amounts payable | 47/48 | €23,158 | €15,268 | -€7,891 | -34.1% |
| Accrued charges and deferred income | 492/3 | €5,264 | €4,828 | -€436 | -8.3% |
| Non-recurring operating income | 76A | - | €4,726 | +€4,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,788 | €10,913 | +€2,126 | +24.2% |
| Other operating charges | 640/8 | €3,859 | €1,707 | -€2,152 | -55.8% |
| Non-recurring operating charges | 66A | €3,024 | €0 | -€3,024 | -100.0% |
| Gross operating margin | 9900 | €61,841 | €67,740 | +€5,900 | +9.5% |
| Operating profit (loss) | 9901 | €46,171 | €55,120 | +€8,950 | +19.4% |
| Financial income | 75/76B | €0 | €1,273 | +€1,273 | |
| Recurring financial income | 75 | €0 | €1,273 | +€1,273 | |
| Financial charges | 65/66B | €7,359 | €11,653 | +€4,294 | +58.3% |
| Recurring financial charges | 65 | €7,359 | €11,653 | +€4,294 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €38,812 | €44,740 | +€5,928 | +15.3% |
| Income taxes | 67/77 | €11,854 | €9,203 | -€2,652 | -22.4% |
| Profit (loss) for the period | 9904 | €26,957 | €35,537 | +€8,580 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,957 | €35,537 | +€8,580 | +31.8% |
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 11 October 2026 via checked.be.