SALVAFER: 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.
SALVAFER
Largest movements
- Cash -€28,642
down €28,642 (-87.8%), from €32,625 to €3,983
mainly Net result for the year (-€77,452) and Investment in fixed assets (net) (-€11,471)
- Receivables after one year -€24,931
down €24,931 (-100.0%), from €24,931 to €0
- Receivables within one year -€16,853
down €16,853 (-42.1%), from €40,037 to €23,184
of which Trade receivables: -€13,422
- Tangible fixed assets -€9,495
down €9,495 (-20.3%), from €46,787 to €37,293
of which Furniture and vehicles: -€5,257
- Deferred charges and accrued income +€3,270
up €3,270 (+602.7%), from €543 to €3,813
- Profit (loss) carried forward -€77,452
down €77,452 (-79.2%), from €97,773 to €20,321
- Debts after one year -€4,331
down €4,331 (-49.4%), from €8,765 to €4,433
- Tax, wage and social debts +€3,639
up €3,639 (+72.9%), from €4,992 to €8,631
of which Remuneration and social security: +€3,473
- Accrued charges and deferred income +€2,500
new in 2025: €2,500
- Turnover -€322,465
no longer reported in 2025 (was €322,465)
- Purchases and services -€263,330
no longer reported in 2025 (was €263,330)
- Gross operating margin -€72,160
down €72,160, from €17,782 to -€54,378
- Financial income -€11,322
down €11,322 (-86.7%), from €13,055 to €1,733
of which Non-recurring financial income: -€12,599
- Depreciation +€6,327
up €6,327 (+43.2%), from €14,638 to €20,966
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 | €144,923 | €68,273 | -€76,651 | -52.9% |
| Fixed assets | 21/28 | €46,787 | €37,293 | -€9,495 | -20.3% |
| Tangible fixed assets | 22/27 | €46,787 | €37,293 | -€9,495 | -20.3% |
| Plant, machinery and equipment | 23 | €7,530 | €3,856 | -€3,674 | -48.8% |
| Furniture and vehicles | 24 | €37,846 | €32,589 | -€5,257 | -13.9% |
| Other tangible fixed assets | 26 | €1,411 | €847 | -€564 | -40.0% |
| Current assets | 29/58 | €98,136 | €30,980 | -€67,156 | -68.4% |
| Amounts receivable after more than one year | 29 | €24,931 | €0 | -€24,931 | -100.0% |
| Other amounts receivable | 291 | €24,931 | €0 | -€24,931 | -100.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,037 | €23,184 | -€16,853 | -42.1% |
| Trade receivables | 40 | €23,098 | €9,677 | -€13,422 | -58.1% |
| Other amounts receivable | 41 | €16,938 | €13,507 | -€3,432 | -20.3% |
| Cash at bank and in hand | 54/58 | €32,625 | €3,983 | -€28,642 | -87.8% |
| Deferred charges and accrued income | 490/1 | €543 | €3,813 | +€3,270 | +602.7% |
| Total equity and liabilities | 10/49 | €144,923 | €68,273 | -€76,651 | -52.9% |
| Equity | 10/15 | €118,233 | €40,781 | -€77,452 | -65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,773 | €20,321 | -€77,452 | -79.2% |
| Amounts payable | 17/49 | €26,690 | €27,491 | +€801 | +3.0% |
| Amounts payable after more than one year | 17 | €8,765 | €4,433 | -€4,331 | -49.4% |
| Financial debts | 170/4 | €8,765 | €4,433 | -€4,331 | -49.4% |
| Amounts payable within one year | 42/48 | €17,925 | €20,558 | +€2,633 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €4,231 | €4,331 | +€100 | +2.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,702 | €7,595 | -€1,106 | -12.7% |
| Suppliers | 440/4 | €8,702 | €7,595 | -€1,106 | -12.7% |
| Taxes, remuneration and social security | 45 | €4,992 | €8,631 | +€3,639 | +72.9% |
| Taxes | 450/3 | €4,992 | €5,158 | +€166 | +3.3% |
| Remuneration and social security | 454/9 | €0 | €3,473 | +€3,473 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Turnover | 70 | €322,465 | - | -€322,465 | |
| Goods, raw materials, services and sundry goods | 60/61 | €263,330 | - | -€263,330 | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,638 | €20,966 | +€6,327 | +43.2% |
| Other operating charges | 640/8 | €1,719 | €2,295 | +€577 | +33.5% |
| Non-recurring operating charges | 66A | - | €231 | +€231 | |
| Gross operating margin | 9900 | €17,782 | -€54,378 | -€72,160 | |
| Operating profit (loss) | 9901 | €1,425 | -€77,870 | -€79,295 | |
| Financial income | 75/76B | €13,055 | €1,733 | -€11,322 | -86.7% |
| Recurring financial income | 75 | €1 | €1,279 | +€1,277 | +92555.8% |
| Non-recurring financial income | 76B | €13,054 | €455 | -€12,599 | -96.5% |
| Financial charges | 65/66B | €1,649 | €807 | -€842 | -51.1% |
| Recurring financial charges | 65 | €1,649 | €807 | -€842 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €12,832 | -€76,944 | -€89,776 | |
| Income taxes | 67/77 | €4,645 | €508 | -€4,137 | -89.1% |
| Profit (loss) for the period | 9904 | €8,187 | -€77,452 | -€85,639 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,187 | -€77,452 | -€85,639 |
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 9 October 2026 via checked.be.