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
- Tangible fixed assets +€74,141
up €74,141 (+110%), from €67,467 to €141,608
of which Land and buildings: +€71,828
- Receivables within one year -€43,411
down €43,411 (-81.3%), from €53,385 to €9,974
of which Other amounts receivable: -€43,490
- Cash -€30,500
down €30,500 (-33.7%), from €90,628 to €60,128
mainly Contributions, distributions and other (-€125,000) and Investment in fixed assets (net) (-€77,110)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Reserves -€85,427
down €85,427 (-52.9%), from €161,532 to €76,105
- Debts after one year +€66,313
up €66,313 (+128%), from €51,815 to €118,128
- Tax, wage and social debts -€9,700
down €9,700 (-40.0%), from €24,226 to €14,526
- Other operating charges +€9,039
up €9,039 (+1,300%), from €695 to €9,734
- Taxes -€2,504
down €2,504 (-19.9%), from €12,553 to €10,049
- Financial charges +€1,402
up €1,402 (+51.3%), from €2,735 to €4,138
- Depreciation +€1,336
up €1,336 (+81.8%), from €1,633 to €2,969
- Gross operating margin -€1,169
down €1,169 (-1.8%), from €65,981 to €64,813
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 | €241,481 | €211,730 | -€29,750 | -12.3% |
| Fixed assets | 21/28 | €67,467 | €141,608 | +€74,141 | +110% |
| Tangible fixed assets | 22/27 | €67,467 | €141,608 | +€74,141 | +110% |
| Land and buildings | 22 | €67,467 | €139,296 | +€71,828 | +106% |
| Furniture and vehicles | 24 | - | €2,312 | +€2,312 | |
| Current assets | 29/58 | €174,013 | €70,122 | -€103,891 | -59.7% |
| Amounts receivable within one year | 40/41 | €53,385 | €9,974 | -€43,411 | -81.3% |
| Trade receivables | 40 | - | €79 | +€79 | |
| Other amounts receivable | 41 | €53,385 | €9,896 | -€43,490 | -81.5% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €90,628 | €60,128 | -€30,500 | -33.7% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €241,481 | €211,730 | -€29,750 | -12.3% |
| Equity | 10/15 | €162,532 | €77,105 | -€85,427 | -52.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €161,532 | €76,105 | -€85,427 | -52.9% |
| Distributable reserves | 133 | €161,532 | €76,105 | -€85,427 | -52.9% |
| Amounts payable | 17/49 | €78,949 | €134,626 | +€55,677 | +70.5% |
| Amounts payable after more than one year | 17 | €51,815 | €118,128 | +€66,313 | +128% |
| Financial debts | 170/4 | €51,815 | €118,128 | +€66,313 | +128% |
| Amounts payable within one year | 42/48 | €27,133 | €16,497 | -€10,636 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €1,849 | €795 | -€1,054 | -57.0% |
| Trade debts | 44 | €58 | €176 | +€118 | +203% |
| Suppliers | 440/4 | €58 | €176 | +€118 | +203% |
| Taxes, remuneration and social security | 45 | €24,226 | €14,526 | -€9,700 | -40.0% |
| Taxes | 450/3 | €24,226 | €14,526 | -€9,700 | -40.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €2,969 | +€1,336 | +81.8% |
| Other operating charges | 640/8 | €695 | €9,734 | +€9,039 | +1,300% |
| Gross operating margin | 9900 | €65,981 | €64,813 | -€1,169 | -1.8% |
| Operating profit (loss) | 9901 | €63,653 | €52,110 | -€11,543 | -18.1% |
| Financial income | 75/76B | €975 | €1,649 | +€674 | +69.1% |
| Recurring financial income | 75 | €975 | €1,649 | +€674 | +69.1% |
| Financial charges | 65/66B | €2,735 | €4,138 | +€1,402 | +51.3% |
| Recurring financial charges | 65 | €2,735 | €4,138 | +€1,402 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €61,893 | €49,622 | -€12,271 | -19.8% |
| Income taxes | 67/77 | €12,553 | €10,049 | -€2,504 | -19.9% |
| Profit (loss) for the period | 9904 | €49,340 | €39,573 | -€9,767 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,340 | €39,573 | -€9,767 | -19.8% |
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 21 October 2026 via checked.be.