SALVAGO: 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.
SALVAGO
Largest movements
- Tangible fixed assets +€13,242
new in 2025: €13,242
- Cash +€11,625
up €11,625 (+38.3%), from €30,379 to €42,004
mainly Net result for the year (+€19,856) and Tax, wage and social debts (+€7,120)
- Reserves +€15,000
up €15,000 (+100.0%), from €15,000 to €30,000
- Tax, wage and social debts +€7,120
up €7,120 (+75.5%), from €9,427 to €16,547
- Profit (loss) carried forward +€4,856
up €4,856 (+207.2%), from €2,344 to €7,200
- Accrued charges and deferred income -€1,609
no longer reported in 2025 (was €1,609)
- Gross operating margin +€2,269
up €2,269 (+8.2%), from €27,673 to €29,942
- Depreciation -€1,313
down €1,313 (-47.4%), from €2,771 to €1,458
- Taxes +€694
up €694 (+10.8%), from €6,427 to €7,120
- Other operating charges +€446
up €446 (+48.7%), from €916 to €1,362
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 | €30,379 | €55,747 | +€25,368 | +83.5% |
| Fixed assets | 21/28 | - | €13,242 | +€13,242 | |
| Tangible fixed assets | 22/27 | - | €13,242 | +€13,242 | |
| Furniture and vehicles | 24 | - | €13,242 | +€13,242 | |
| Current assets | 29/58 | €30,379 | €42,504 | +€12,125 | +39.9% |
| Amounts receivable within one year | 40/41 | - | €500 | +€500 | |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €30,379 | €42,004 | +€11,625 | +38.3% |
| Total equity and liabilities | 10/49 | €30,379 | €55,747 | +€25,368 | +83.5% |
| Equity | 10/15 | €19,344 | €39,200 | +€19,856 | +102.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Distributable reserves | 133 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Profit (loss) carried forward | 14 | €2,344 | €7,200 | +€4,856 | +207.2% |
| Amounts payable | 17/49 | €11,035 | €16,547 | +€5,512 | +49.9% |
| Amounts payable within one year | 42/48 | €9,427 | €16,547 | +€7,120 | +75.5% |
| Taxes, remuneration and social security | 45 | €9,427 | €16,547 | +€7,120 | +75.5% |
| Taxes | 450/3 | €9,427 | €16,547 | +€7,120 | +75.5% |
| Accrued charges and deferred income | 492/3 | €1,609 | - | -€1,609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,771 | €1,458 | -€1,313 | -47.4% |
| Other operating charges | 640/8 | €916 | €1,362 | +€446 | +48.7% |
| Gross operating margin | 9900 | €27,673 | €29,942 | +€2,269 | +8.2% |
| Operating profit (loss) | 9901 | €23,987 | €27,122 | +€3,135 | +13.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €217 | €150 | -€67 | -31.0% |
| Recurring financial charges | 65 | €217 | €150 | -€67 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €23,770 | €26,977 | +€3,207 | +13.5% |
| Income taxes | 67/77 | €6,427 | €7,120 | +€694 | +10.8% |
| Profit (loss) for the period | 9904 | €17,344 | €19,856 | +€2,513 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,344 | €19,856 | +€2,513 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.