SALVA: 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.
SALVA
Largest movements
- Tangible fixed assets -€41,350
down €41,350 (-7.8%), from €529,318 to €487,968
- Receivables after one year -€12,754
down €12,754 (-4.0%), from €317,372 to €304,619
- Receivables within one year -€12,369
down €12,369 (-21.7%), from €57,106 to €44,736
of which Trade receivables: -€12,735
- Debts after one year -€83,998
down €83,998 (-22.1%), from €380,801 to €296,803
- Other debts +€13,959
up €13,959 (+109.4%), from €12,754 to €26,712
- Financial charges -€8,677
down €8,677 (-18.1%), from €47,885 to €39,207
- Gross operating margin +€4,906
up €4,906 (+4.6%), from €107,156 to €112,063
- Taxes +€4,289
up €4,289 (+99.7%), from €4,301 to €8,590
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 | €915,367 | €848,066 | -€67,301 | -7.4% |
| Fixed assets | 21/28 | €529,318 | €487,968 | -€41,350 | -7.8% |
| Tangible fixed assets | 22/27 | €529,318 | €487,968 | -€41,350 | -7.8% |
| Land and buildings | 22 | €529,318 | €487,968 | -€41,350 | -7.8% |
| Current assets | 29/58 | €386,049 | €360,098 | -€25,951 | -6.7% |
| Amounts receivable after more than one year | 29 | €317,372 | €304,619 | -€12,754 | -4.0% |
| Other amounts receivable | 291 | €317,372 | €304,619 | -€12,754 | -4.0% |
| Amounts receivable within one year | 40/41 | €57,106 | €44,736 | -€12,369 | -21.7% |
| Trade receivables | 40 | €55,838 | €43,103 | -€12,735 | -22.8% |
| Other amounts receivable | 41 | €1,268 | €1,633 | +€366 | +28.8% |
| Cash at bank and in hand | 54/58 | €11,261 | €10,204 | -€1,057 | -9.4% |
| Deferred charges and accrued income | 490/1 | €310 | €539 | +€229 | +73.8% |
| Total equity and liabilities | 10/49 | €915,367 | €848,066 | -€67,301 | -7.4% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €895,367 | €828,066 | -€67,301 | -7.5% |
| Amounts payable after more than one year | 17 | €380,801 | €296,803 | -€83,998 | -22.1% |
| Financial debts | 170/4 | €380,801 | €296,803 | -€83,998 | -22.1% |
| Amounts payable within one year | 42/48 | €508,408 | €525,934 | +€17,527 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €82,809 | €83,998 | +€1,189 | +1.4% |
| Financial debts | 43 | €385,000 | €385,000 | = | 0.0% |
| Credit institutions | 430/8 | €385,000 | €385,000 | = | 0.0% |
| Trade debts | 44 | €3,429 | €11,362 | +€7,933 | +231.4% |
| Suppliers | 440/4 | €3,429 | €11,362 | +€7,933 | +231.4% |
| Taxes, remuneration and social security | 45 | €24,417 | €18,862 | -€5,555 | -22.8% |
| Taxes | 450/3 | €24,417 | €18,862 | -€5,555 | -22.8% |
| Other amounts payable | 47/48 | €12,754 | €26,712 | +€13,959 | +109.4% |
| Accrued charges and deferred income | 492/3 | €6,158 | €5,329 | -€829 | -13.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,350 | €41,350 | = | 0.0% |
| Other operating charges | 640/8 | €902 | €1,204 | +€303 | +33.6% |
| Gross operating margin | 9900 | €107,156 | €112,063 | +€4,906 | +4.6% |
| Operating profit (loss) | 9901 | €64,904 | €69,508 | +€4,604 | +7.1% |
| Financial income | 75/76B | €35 | €1 | -€34 | -96.7% |
| Recurring financial income | 75 | €35 | €1 | -€34 | -96.7% |
| Financial charges | 65/66B | €47,885 | €39,207 | -€8,677 | -18.1% |
| Recurring financial charges | 65 | €47,885 | €39,207 | -€8,677 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €17,055 | €30,302 | +€13,247 | +77.7% |
| Income taxes | 67/77 | €4,301 | €8,590 | +€4,289 | +99.7% |
| Profit (loss) for the period | 9904 | €12,754 | €21,712 | +€8,959 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,754 | €21,712 | +€8,959 | +70.2% |
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.