SALVA IMMO: 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 IMMO
Largest movements
- Receivables within one year +€23,026
up €23,026 (+47.9%), from €48,057 to €71,083
of which Trade receivables: +€14,859
- Tangible fixed assets -€9,771
down €9,771 (-5.9%), from €165,553 to €155,781
of which Land and buildings: -€5,080
- Cash +€5,819
up €5,819 (+116.0%), from €5,017 to €10,835
mainly Trade debts (+€14,066) and Depreciation (+€10,361)
- Trade debts +€14,066
up €14,066 (+399.2%), from €3,524 to €17,590
- Reserves +€8,603
up €8,603 (+462.6%), from €1,860 to €10,463
of which Distributable reserves: +€8,603
- Debts after one year -€7,258
down €7,258 (-6.4%), from €112,881 to €105,623
- Tax, wage and social debts +€3,910
new in 2025: €3,910
- Gross operating margin +€19,202
up €19,202 (+189.0%), from €10,162 to €29,364
- Taxes +€4,284
new in 2025: €4,284
- Financial charges -€798
down €798 (-22.3%), from €3,575 to €2,777
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 | €219,055 | €238,341 | +€19,286 | +8.8% |
| Fixed assets | 21/28 | €165,553 | €155,781 | -€9,771 | -5.9% |
| Tangible fixed assets | 22/27 | €165,553 | €155,781 | -€9,771 | -5.9% |
| Land and buildings | 22 | €137,616 | €132,536 | -€5,080 | -3.7% |
| Plant, machinery and equipment | 23 | €27,560 | €23,245 | -€4,315 | -15.7% |
| Furniture and vehicles | 24 | €376 | - | -€376 | |
| Current assets | 29/58 | €53,503 | €82,560 | +€29,057 | +54.3% |
| Amounts receivable within one year | 40/41 | €48,057 | €71,083 | +€23,026 | +47.9% |
| Trade receivables | 40 | €6,382 | €21,241 | +€14,859 | +232.8% |
| Other amounts receivable | 41 | €41,675 | €49,843 | +€8,167 | +19.6% |
| Cash at bank and in hand | 54/58 | €5,017 | €10,835 | +€5,819 | +116.0% |
| Deferred charges and accrued income | 490/1 | €428 | €641 | +€212 | +49.6% |
| Total equity and liabilities | 10/49 | €219,055 | €238,341 | +€19,286 | +8.8% |
| Equity | 10/15 | €79,756 | €88,360 | +€8,603 | +10.8% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Contributions outside capital | 11 | €16,200 | - | -€16,200 | |
| Other | 1109/19 | €16,200 | - | -€16,200 | |
| Reserves | 13 | €1,860 | €10,463 | +€8,603 | +462.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | €8,603 | +€8,603 | |
| Profit (loss) carried forward | 14 | €61,696 | €61,696 | = | 0.0% |
| Amounts payable | 17/49 | €139,299 | €149,981 | +€10,682 | +7.7% |
| Amounts payable after more than one year | 17 | €112,881 | €105,623 | -€7,258 | -6.4% |
| Financial debts | 170/4 | €112,881 | €105,623 | -€7,258 | -6.4% |
| Amounts payable within one year | 42/48 | €26,207 | €44,346 | +€18,140 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €7,693 | €7,856 | +€163 | +2.1% |
| Trade debts | 44 | €3,524 | €17,590 | +€14,066 | +399.2% |
| Suppliers | 440/4 | €3,524 | €17,590 | +€14,066 | +399.2% |
| Taxes, remuneration and social security | 45 | - | €3,910 | +€3,910 | |
| Taxes | 450/3 | - | €3,910 | +€3,910 | |
| Other amounts payable | 47/48 | €14,990 | €14,990 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €211 | €12 | -€199 | -94.5% |
| Remuneration, social security and pensions | 62 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,445 | €10,361 | -€84 | -0.8% |
| Other operating charges | 640/8 | €3,357 | €3,338 | -€18 | -0.5% |
| Gross operating margin | 9900 | €10,162 | €29,364 | +€19,202 | +189.0% |
| Operating profit (loss) | 9901 | -€3,640 | €15,665 | +€19,305 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,575 | €2,777 | -€798 | -22.3% |
| Recurring financial charges | 65 | €3,575 | €2,777 | -€798 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,215 | €12,887 | +€20,102 | |
| Income taxes | 67/77 | - | €4,284 | +€4,284 | |
| Profit (loss) for the period | 9904 | -€7,215 | €8,603 | +€15,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,215 | €8,603 | +€15,818 |
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 10 October 2026 via checked.be.