SALVA: what changed
Two fiscal 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 -€28,210
down €28,210 (-4.3%), from €654,352 to €626,142
of which Land and buildings: -€20,963
- Receivables within one year +€17,269
up €17,269 (+32.4%), from €53,361 to €70,631
of which Trade receivables: +€31,218
- Reserves -€12,310
down €12,310 (-11.7%), from €105,503 to €93,193
- Gross operating margin -€25,547
down €25,547 (-30.2%), from €84,667 to €59,120
- Financial income -€12,000
down €12,000 (-100.0%), from €12,000 to €0
of which Non-recurring financial income: -€12,000
- Taxes -€5,482
down €5,482 (-91.5%), from €5,994 to €511
- Depreciation +€4,068
up €4,068 (+8.7%), from €47,012 to €51,080
- Financial charges -€2,715
down €2,715 (-15.1%), from €17,964 to €15,249
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 | €812,060 | €802,098 | -€9,962 | -1.2% |
| Fixed assets | 21/28 | €654,352 | €626,142 | -€28,210 | -4.3% |
| Tangible fixed assets | 22/27 | €654,352 | €626,142 | -€28,210 | -4.3% |
| Land and buildings | 22 | €614,469 | €593,505 | -€20,963 | -3.4% |
| Plant, machinery and equipment | 23 | €3,127 | €5,853 | +€2,726 | +87.2% |
| Furniture and vehicles | 24 | €36,756 | €26,784 | -€9,973 | -27.1% |
| Current assets | 29/58 | €157,708 | €175,956 | +€18,248 | +11.6% |
| Amounts receivable within one year | 40/41 | €53,361 | €70,631 | +€17,269 | +32.4% |
| Trade receivables | 40 | €39,355 | €70,573 | +€31,218 | +79.3% |
| Other amounts receivable | 41 | €14,006 | €57 | -€13,949 | -99.6% |
| Cash at bank and in hand | 54/58 | €88,808 | €87,761 | -€1,047 | -1.2% |
| Deferred charges and accrued income | 490/1 | €15,538 | €17,565 | +€2,027 | +13.0% |
| Total equity and liabilities | 10/49 | €812,060 | €802,098 | -€9,962 | -1.2% |
| Equity | 10/15 | €575,503 | €563,193 | -€12,310 | -2.1% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €105,503 | €93,193 | -€12,310 | -11.7% |
| Distributable reserves | 133 | €105,503 | €93,193 | -€12,310 | -11.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €236,556 | €238,905 | +€2,349 | +1.0% |
| Amounts payable after more than one year | 17 | €210,310 | €209,713 | -€597 | -0.3% |
| Other amounts payable | 178/9 | €210,310 | €209,713 | -€597 | -0.3% |
| Amounts payable within one year | 42/48 | €26,247 | €29,192 | +€2,945 | +11.2% |
| Financial debts | 43 | €48 | €53 | +€5 | +10.4% |
| Credit institutions | 430/8 | €48 | €53 | +€5 | +10.4% |
| Trade debts | 44 | €7,005 | €6,512 | -€493 | -7.0% |
| Suppliers | 440/4 | €7,005 | €6,512 | -€493 | -7.0% |
| Taxes, remuneration and social security | 45 | €19,193 | €22,627 | +€3,434 | +17.9% |
| Taxes | 450/3 | €16,193 | €19,627 | +€3,434 | +21.2% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,012 | €51,080 | +€4,068 | +8.7% |
| Other operating charges | 640/8 | €5,716 | €4,590 | -€1,126 | -19.7% |
| Gross operating margin | 9900 | €84,667 | €59,120 | -€25,547 | -30.2% |
| Operating profit (loss) | 9901 | €31,938 | €3,450 | -€28,488 | -89.2% |
| Financial income | 75/76B | €12,000 | €0 | -€12,000 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Non-recurring financial income | 76B | €12,000 | €0 | -€12,000 | -100.0% |
| Financial charges | 65/66B | €17,964 | €15,249 | -€2,715 | -15.1% |
| Recurring financial charges | 65 | €17,964 | €15,249 | -€2,715 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €25,974 | -€11,799 | -€37,773 | |
| Income taxes | 67/77 | €5,994 | €511 | -€5,482 | -91.5% |
| Profit (loss) for the period | 9904 | €19,980 | -€12,310 | -€32,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,980 | -€12,310 | -€32,291 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.