SALUT PUBLIC: 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.
SALUT PUBLIC
Largest movements
- Cash +€28,844
up €28,844 (+96.3%), from €29,956 to €58,800
mainly Trade debts (+€13,962) and Receivables within one year (+€11,662)
- Receivables within one year -€11,662
down €11,662 (-2.9%), from €408,029 to €396,366
of which Trade receivables: -€31,519
- Trade debts +€13,962
up €13,962 (+136.9%), from €10,198 to €24,160
- Tax, wage and social debts -€9,921
down €9,921 (-13.7%), from €72,551 to €62,629
- Reserves +€7,500
up €7,500 (+403.2%), from €1,860 to €9,360
of which Distributable reserves: +€7,500
- Gross operating margin -€76,395
down €76,395 (-71.0%), from €107,553 to €31,158
- Taxes -€21,957
down €21,957 (-68.6%), from €32,012 to €10,056
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 | €476,143 | €487,960 | +€11,817 | +2.5% |
| Fixed assets | 21/28 | €35,013 | €30,166 | -€4,848 | -13.8% |
| Tangible fixed assets | 22/27 | €35,013 | €30,166 | -€4,848 | -13.8% |
| Furniture and vehicles | 24 | €8,951 | €7,377 | -€1,574 | -17.6% |
| Other tangible fixed assets | 26 | €19,642 | €16,369 | -€3,274 | -16.7% |
| Assets under construction and advance payments | 27 | €6,420 | €6,420 | = | 0.0% |
| Current assets | 29/58 | €441,130 | €457,794 | +€16,665 | +3.8% |
| Amounts receivable within one year | 40/41 | €408,029 | €396,366 | -€11,662 | -2.9% |
| Trade receivables | 40 | €114,153 | €82,633 | -€31,519 | -27.6% |
| Other amounts receivable | 41 | €293,876 | €313,733 | +€19,857 | +6.8% |
| Cash at bank and in hand | 54/58 | €29,956 | €58,800 | +€28,844 | +96.3% |
| Deferred charges and accrued income | 490/1 | €3,145 | €2,628 | -€518 | -16.5% |
| Total equity and liabilities | 10/49 | €476,143 | €487,960 | +€11,817 | +2.5% |
| Equity | 10/15 | €393,394 | €401,171 | +€7,776 | +2.0% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Capital | 10 | €6,510 | €6,510 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,090 | €12,090 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,360 | +€7,500 | +403.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €7,500 | +€7,500 | |
| Profit (loss) carried forward | 14 | €385,024 | €385,301 | +€276 | +0.1% |
| Amounts payable | 17/49 | €82,749 | €86,789 | +€4,041 | +4.9% |
| Amounts payable within one year | 42/48 | €82,749 | €86,789 | +€4,041 | +4.9% |
| Trade debts | 44 | €10,198 | €24,160 | +€13,962 | +136.9% |
| Suppliers | 440/4 | €10,198 | €24,160 | +€13,962 | +136.9% |
| Taxes, remuneration and social security | 45 | €72,551 | €62,629 | -€9,921 | -13.7% |
| Taxes | 450/3 | €72,551 | €62,629 | -€9,921 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,722 | €10,255 | -€467 | -4.4% |
| Other operating charges | 640/8 | €1,601 | €918 | -€683 | -42.7% |
| Gross operating margin | 9900 | €107,553 | €31,158 | -€76,395 | -71.0% |
| Operating profit (loss) | 9901 | €95,231 | €19,985 | -€75,245 | -79.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -89.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -89.7% |
| Financial charges | 65/66B | €1,718 | €2,154 | +€436 | +25.4% |
| Recurring financial charges | 65 | €1,718 | €2,154 | +€436 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €93,516 | €17,832 | -€75,684 | -80.9% |
| Income taxes | 67/77 | €32,012 | €10,056 | -€21,957 | -68.6% |
| Profit (loss) for the period | 9904 | €61,504 | €7,776 | -€53,727 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,504 | €7,776 | -€53,727 | -87.4% |
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.