SALVACALO: what changed
SALVACALO
Largest movements
- Stocks and contracts -€40,733
down €40,733 (-95.8%), from €42,533 to €1,800
- Tangible fixed assets +€18,212
up €18,212 (+308%), from €5,920 to €24,132
of which Furniture and vehicles: +€19,741
- Receivables within one year -€4,945
down €4,945 (-26.0%), from €18,999 to €14,054
of which Trade receivables: -€2,585
- Intangible fixed assets -€2,000
down €2,000 (-25.0%), from €8,000 to €6,000
- Cash -€1,788
down €1,788 (-24.8%), from €7,210 to €5,421
mainly Net result for the year (-€30,208) and Investment in fixed assets (net) (-€22,759)
- Profit (loss) carried forward -€30,208
down €30,208, from €29,561 to -€647
- Other debts -€2,305
down €2,305 (-42.1%), from €5,471 to €3,166
- Trade debts +€1,277
up €1,277 (+65.4%), from €1,953 to €3,230
- Staff costs +€20,974
new in 2025: €20,974
- Gross operating margin -€9,983
down €9,983 (-91.5%), from €10,909 to €926
- Taxes +€2,400
new in 2025: €2,400
- Depreciation +€1,625
up €1,625 (+33.0%), from €4,923 to €6,548
- Other operating charges -€127
down €127 (-10.9%), from €1,164 to €1,037
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,882 | €51,627 | -€31,255 | -37.7% |
| Fixed assets | 21/28 | €14,140 | €30,352 | +€16,212 | +115% |
| Intangible fixed assets | 21 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Tangible fixed assets | 22/27 | €5,920 | €24,132 | +€18,212 | +308% |
| Plant, machinery and equipment | 23 | €3,610 | €2,082 | -€1,529 | -42.3% |
| Furniture and vehicles | 24 | €2,309 | €22,050 | +€19,741 | +855% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €68,743 | €21,276 | -€47,467 | -69.1% |
| Stocks and contracts in progress | 3 | €42,533 | €1,800 | -€40,733 | -95.8% |
| Stocks | 30/36 | €42,533 | €1,800 | -€40,733 | -95.8% |
| Amounts receivable within one year | 40/41 | €18,999 | €14,054 | -€4,945 | -26.0% |
| Trade receivables | 40 | €12,848 | €10,263 | -€2,585 | -20.1% |
| Other amounts receivable | 41 | €6,152 | €3,792 | -€2,360 | -38.4% |
| Cash at bank and in hand | 54/58 | €7,210 | €5,421 | -€1,788 | -24.8% |
| Total equity and liabilities | 10/49 | €82,882 | €51,627 | -€31,255 | -37.7% |
| Equity | 10/15 | €75,440 | €45,232 | -€30,208 | -40.0% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | €35,378 | €35,378 | = | 0.0% |
| Distributable reserves | 133 | €35,378 | €35,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,561 | -€647 | -€30,208 | |
| Amounts payable | 17/49 | €7,443 | €6,396 | -€1,047 | -14.1% |
| Amounts payable within one year | 42/48 | €7,443 | €6,396 | -€1,047 | -14.1% |
| Trade debts | 44 | €1,953 | €3,230 | +€1,277 | +65.4% |
| Suppliers | 440/4 | €1,953 | €3,230 | +€1,277 | +65.4% |
| Taxes, remuneration and social security | 45 | €19 | - | -€19 | |
| Taxes | 450/3 | €19 | - | -€19 | |
| Other amounts payable | 47/48 | €5,471 | €3,166 | -€2,305 | -42.1% |
| Remuneration, social security and pensions | 62 | - | €20,974 | +€20,974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,923 | €6,548 | +€1,625 | +33.0% |
| Other operating charges | 640/8 | €1,164 | €1,037 | -€127 | -10.9% |
| Gross operating margin | 9900 | €10,909 | €926 | -€9,983 | -91.5% |
| Operating profit (loss) | 9901 | €4,822 | -€27,633 | -€32,455 | |
| Financial income | 75/76B | €87 | €29 | -€59 | -67.1% |
| Recurring financial income | 75 | €87 | €29 | -€59 | -67.1% |
| Financial charges | 65/66B | €274 | €204 | -€70 | -25.6% |
| Recurring financial charges | 65 | €274 | €204 | -€70 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €4,635 | -€27,808 | -€32,443 | |
| Income taxes | 67/77 | - | €2,400 | +€2,400 | |
| Profit (loss) for the period | 9904 | €4,635 | -€30,208 | -€34,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,635 | -€30,208 | -€34,843 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.