SALUTI: 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.
SALUTI
Largest movements
- Receivables within one year +€32,813
up €32,813 (+2737.0%), from €1,199 to €34,012
of which Trade receivables: +€32,813
- Stocks and contracts -€28,080
no longer reported in 2025 (was €28,080)
- Financial fixed assets -€13,140
down €13,140 (-77.8%), from €16,900 to €3,760
- Cash +€13,066
up €13,066 (+583321.0%), from €2 to €13,069
mainly Stocks and contracts (+€28,080) and Investment in fixed assets (net) (+€13,140)
- Profit (loss) carried forward -€6,173
down €6,173 (-7.9%), from -€78,543 to -€84,715
- Tax, wage and social debts +€5,897
new in 2025: €5,897
- Other debts +€4,935
up €4,935 (+4.0%), from €122,224 to €127,159
- Other operating charges -€4,845
down €4,845 (-51.1%), from €9,486 to €4,641
- Gross operating margin +€4,050
up €4,050 (+75.3%), from -€5,382 to -€1,332
- Depreciation -€1,383
no longer reported in 2025 (was €1,383)
- Financial charges +€141
up €141 (+236.9%), from €59 to €200
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 | €46,181 | €50,840 | +€4,659 | +10.1% |
| Fixed assets | 21/28 | €16,900 | €3,760 | -€13,140 | -77.8% |
| Financial fixed assets | 28 | €16,900 | €3,760 | -€13,140 | -77.8% |
| Current assets | 29/58 | €29,281 | €47,080 | +€17,799 | +60.8% |
| Stocks and contracts in progress | 3 | €28,080 | - | -€28,080 | |
| Stocks | 30/36 | €28,080 | - | -€28,080 | |
| Amounts receivable within one year | 40/41 | €1,199 | €34,012 | +€32,813 | +2737.0% |
| Trade receivables | 40 | €1,164 | €33,977 | +€32,813 | +2819.3% |
| Other amounts receivable | 41 | €35 | €35 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2 | €13,069 | +€13,066 | +583321.0% |
| Total equity and liabilities | 10/49 | €46,181 | €50,840 | +€4,659 | +10.1% |
| Equity | 10/15 | -€76,043 | -€82,215 | -€6,173 | -8.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,543 | -€84,715 | -€6,173 | -7.9% |
| Amounts payable | 17/49 | €122,224 | €133,055 | +€10,832 | +8.9% |
| Amounts payable within one year | 42/48 | €122,224 | €133,055 | +€10,832 | +8.9% |
| Taxes, remuneration and social security | 45 | - | €5,897 | +€5,897 | |
| Taxes | 450/3 | - | €5,897 | +€5,897 | |
| Other amounts payable | 47/48 | €122,224 | €127,159 | +€4,935 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | - | -€1,383 | |
| Other operating charges | 640/8 | €9,486 | €4,641 | -€4,845 | -51.1% |
| Gross operating margin | 9900 | -€5,382 | -€1,332 | +€4,050 | +75.3% |
| Operating profit (loss) | 9901 | -€16,251 | -€5,973 | +€10,278 | +63.2% |
| Financial charges | 65/66B | €59 | €200 | +€141 | +236.9% |
| Recurring financial charges | 65 | €59 | €200 | +€141 | +236.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,310 | -€6,173 | +€10,137 | +62.2% |
| Profit (loss) for the period | 9904 | -€16,310 | -€6,173 | +€10,137 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,310 | -€6,173 | +€10,137 | +62.2% |
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 12 October 2026 via checked.be.