SALVA - CARRO: 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.
What changed
SALVA - CARRO
NACE 47.523, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€152,273
2024 · €333,331-€181,058
Equity
€3.8m
2024 · €3.6m+€152,273
Cash
€1.3m
2024 · €658,497+€633,415
Balance sheet total
€6.5m
2024 · €6.6m-€141,189
Largest movements
Assets
- Cash +€633,415
up €633,415 (+96.2%), from €658,497 to €1.3m
mainly Depreciation (+€387,865) and Current investments (+€350,000)
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Tangible fixed assets -€219,842
down €219,842 (-7.6%), from €2.9m to €2.7m
of which Land and buildings: -€192,528
- Stocks and contracts -€158,484
down €158,484 (-13.2%), from €1.2m to €1.0m
Equity and liabilities
- Debts after one year -€227,486
down €227,486 (-10.4%), from €2.2m to €2.0m
- Profit (loss) carried forward +€152,273
up €152,273 (+5.5%), from €2.8m to €2.9m
- Trade debts -€82,997
down €82,997 (-22.4%), from €371,116 to €288,119
Income statement
- Gross operating margin -€254,545
down €254,545 (-15.4%), from €1.6m to €1.4m
- Taxes -€57,123
down €57,123 (-43.9%), from €130,234 to €73,111
- Write-downs -€40,414
down €40,414, from €38,545 to -€1,869
- Staff costs +€26,704
up €26,704 (+4.8%), from €557,860 to €584,564
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.
Result 2024
€333,331
Gross operating margin
-€254,545
Staff costs
-€26,704
Depreciation
-€2,414
Write-downs
+€40,414
Other operating charges
-€3,017
Other operating items
-€4,106
Financial income
+€12,034
Financial charges
+€157
Taxes
+€57,123
Result 2025
€152,273
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€669,502
Investment
+€186,135
Financing
-€222,222
Cash 2024
€658,497
From operations (derived)
+€669,502
Net result for the year
+€152,273
Depreciation
+€387,865
Receivables after one year
+€43,813
Stocks and contracts
+€158,484
Receivables within one year
-€1,307
Deferred charges and accrued income
-€387
Trade debts
-€82,997
Tax, wage and social debts
+€11,756
Investment (derived)
+€186,135
Investment in fixed assets (net)
-€163,865
Current investments
+€350,000
Financing
-€222,222
Debts after one year
-€227,486
Current portion of long-term debt
+€11,089
Short-term financial debts
-€5,825
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,607,269 | €6,466,080 | -€141,189 | -2.1% |
| Fixed assets | 21/28 | €2,913,925 | €2,689,925 | -€224,001 | -7.7% |
| Intangible fixed assets | 21 | €14,340 | €10,181 | -€4,158 | -29.0% |
| Tangible fixed assets | 22/27 | €2,879,977 | €2,660,134 | -€219,842 | -7.6% |
| Land and buildings | 22 | €2,312,419 | €2,119,890 | -€192,528 | -8.3% |
| Plant, machinery and equipment | 23 | €452,007 | €379,304 | -€72,704 | -16.1% |
| Furniture and vehicles | 24 | €115,551 | €123,768 | +€8,217 | +7.1% |
| Assets under construction and advance payments | 27 | - | €37,173 | +€37,173 | |
| Financial fixed assets | 28 | €19,609 | €19,609 | = | 0.0% |
| Current assets | 29/58 | €3,693,344 | €3,776,156 | +€82,812 | +2.2% |
| Amounts receivable after more than one year | 29 | €543,128 | €499,315 | -€43,813 | -8.1% |
| Other amounts receivable | 291 | €543,128 | €499,315 | -€43,813 | -8.1% |
| Stocks and contracts in progress | 3 | €1,201,586 | €1,043,102 | -€158,484 | -13.2% |
| Stocks | 30/36 | €1,201,586 | €1,043,102 | -€158,484 | -13.2% |
| Amounts receivable within one year | 40/41 | €884,574 | €885,881 | +€1,307 | +0.1% |
| Trade receivables | 40 | €309,515 | €325,842 | +€16,326 | +5.3% |
| Other amounts receivable | 41 | €575,059 | €560,039 | -€15,020 | -2.6% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €658,497 | €1,291,913 | +€633,415 | +96.2% |
| Deferred charges and accrued income | 490/1 | €55,558 | €55,945 | +€387 | +0.7% |
| Total equity and liabilities | 10/49 | €6,607,269 | €6,466,080 | -€141,189 | -2.1% |
| Equity | 10/15 | €3,615,092 | €3,767,365 | +€152,273 | +4.2% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €519,226 | €519,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,226 | €32,226 | = | 0.0% |
| Legal reserve | 130 | €32,226 | €32,226 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,500 | €161,500 | = | 0.0% |
| Distributable reserves | 133 | €325,500 | €325,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,773,604 | €2,925,877 | +€152,273 | +5.5% |
| Amounts payable | 17/49 | €2,992,177 | €2,698,715 | -€293,462 | -9.8% |
| Amounts payable after more than one year | 17 | €2,197,784 | €1,970,297 | -€227,486 | -10.4% |
| Financial debts | 170/4 | €2,197,784 | €1,970,297 | -€227,486 | -10.4% |
| Amounts payable within one year | 42/48 | €794,394 | €728,418 | -€65,976 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €235,648 | €246,738 | +€11,089 | +4.7% |
| Financial debts | 43 | €51,904 | €46,079 | -€5,825 | -11.2% |
| Credit institutions | 430/8 | €51,904 | €46,079 | -€5,825 | -11.2% |
| Trade debts | 44 | €371,116 | €288,119 | -€82,997 | -22.4% |
| Suppliers | 440/4 | €371,116 | €288,119 | -€82,997 | -22.4% |
| Taxes, remuneration and social security | 45 | €135,726 | €147,482 | +€11,756 | +8.7% |
| Taxes | 450/3 | €73,611 | €147,482 | +€73,871 | +100% |
| Remuneration and social security | 454/9 | €62,114 | - | -€62,114 | |
| Remuneration, social security and pensions | 62 | €557,860 | €584,564 | +€26,704 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385,452 | €387,865 | +€2,414 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,545 | -€1,869 | -€40,414 | |
| Other operating charges | 640/8 | €149,541 | €152,557 | +€3,017 | +2.0% |
| Non-recurring operating charges | 66A | - | €4,106 | +€4,106 | |
| Gross operating margin | 9900 | €1,647,792 | €1,393,247 | -€254,545 | -15.4% |
| Operating profit (loss) | 9901 | €516,395 | €266,023 | -€250,372 | -48.5% |
| Financial income | 75/76B | €15,093 | €27,126 | +€12,034 | +79.7% |
| Recurring financial income | 75 | €14,705 | €27,126 | +€12,421 | +84.5% |
| Non-recurring financial income | 76B | €387 | - | -€387 | |
| Financial charges | 65/66B | €67,922 | €67,765 | -€157 | -0.2% |
| Recurring financial charges | 65 | €67,922 | €67,765 | -€157 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €463,566 | €225,384 | -€238,181 | -51.4% |
| Income taxes | 67/77 | €130,234 | €73,111 | -€57,123 | -43.9% |
| Profit (loss) for the period | 9904 | €333,331 | €152,273 | -€181,058 | -54.3% |
| Transfer from tax-exempt reserves | 789 | €421,000 | - | -€421,000 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €649,081 | €152,273 | -€496,808 | -76.5% |
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 24 October 2026 via checked.be.