SALVAN OOSTENDE: 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.
SALVAN OOSTENDE
Largest movements
- Receivables after one year -€218,237
no longer reported in 2025 (was €218,237)
- Cash +€187,234
up €187,234 (+705%), from €26,543 to €213,777
mainly Receivables after one year (+€218,237) and Net result for the year (+€163,727)
- Financial fixed assets -€150,811
no longer reported in 2025 (was €150,811)
- Tangible fixed assets -€68,378
down €68,378 (-5.1%), from €1.3m to €1.3m
of which Land and buildings: -€54,858
- Current investments +€40,000
up €40,000 (+30.8%), from €130,000 to €170,000
- Debts after one year -€237,530
down €237,530 (-30.0%), from €792,069 to €554,539
of which Financial debts: -€169,121
- Reserves +€163,727
up €163,727 (+18.7%), from €874,066 to €1.0m
- Other debts -€115,295
down €115,295 (-95.8%), from €120,378 to €5,082
- Current portion of long-term debt -€39,215
down €39,215 (-60.0%), from €65,308 to €26,093
- Financial income +€163,839
up €163,839 (+167%), from €98,189 to €262,028
- Gross operating margin -€125,499
down €125,499 (-87.3%), from €143,784 to €18,285
- Taxes -€6,020
down €6,020 (-26.7%), from €22,517 to €16,497
- Depreciation +€5,928
up €5,928 (+8.4%), from €70,405 to €76,333
- Financial charges -€3,816
down €3,816 (-15.8%), from €24,171 to €20,354
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,898,668 | €1,667,386 | -€231,282 | -12.2% |
| Fixed assets | 21/28 | €1,496,390 | €1,277,201 | -€219,189 | -14.6% |
| Tangible fixed assets | 22/27 | €1,345,579 | €1,277,201 | -€68,378 | -5.1% |
| Land and buildings | 22 | €1,269,254 | €1,214,396 | -€54,858 | -4.3% |
| Plant, machinery and equipment | 23 | €13,691 | €10,549 | -€3,141 | -22.9% |
| Furniture and vehicles | 24 | €62,635 | €52,256 | -€10,379 | -16.6% |
| Financial fixed assets | 28 | €150,811 | - | -€150,811 | |
| Current assets | 29/58 | €402,278 | €390,185 | -€12,093 | -3.0% |
| Amounts receivable after more than one year | 29 | €218,237 | - | -€218,237 | |
| Other amounts receivable | 291 | €218,237 | - | -€218,237 | |
| Amounts receivable within one year | 40/41 | €26,871 | €5,007 | -€21,864 | -81.4% |
| Trade receivables | 40 | €15,389 | €3,125 | -€12,264 | -79.7% |
| Other amounts receivable | 41 | €11,482 | €1,882 | -€9,600 | -83.6% |
| Current investments | 50/53 | €130,000 | €170,000 | +€40,000 | +30.8% |
| Cash at bank and in hand | 54/58 | €26,543 | €213,777 | +€187,234 | +705% |
| Deferred charges and accrued income | 490/1 | €627 | €1,401 | +€774 | +123% |
| Total equity and liabilities | 10/49 | €1,898,668 | €1,667,386 | -€231,282 | -12.2% |
| Equity | 10/15 | €880,266 | €1,043,993 | +€163,727 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €874,066 | €1,037,793 | +€163,727 | +18.7% |
| Distributable reserves | 133 | €874,066 | €1,037,793 | +€163,727 | +18.7% |
| Amounts payable | 17/49 | €1,018,402 | €623,393 | -€395,009 | -38.8% |
| Amounts payable after more than one year | 17 | €792,069 | €554,539 | -€237,530 | -30.0% |
| Financial debts | 170/4 | €697,468 | €528,347 | -€169,121 | -24.2% |
| Other amounts payable | 178/9 | €94,601 | €26,192 | -€68,409 | -72.3% |
| Amounts payable within one year | 42/48 | €226,333 | €68,854 | -€157,479 | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €65,308 | €26,093 | -€39,215 | -60.0% |
| Trade debts | 44 | €3,678 | €466 | -€3,212 | -87.3% |
| Suppliers | 440/4 | €3,678 | €466 | -€3,212 | -87.3% |
| Advances received on contracts in progress | 46 | €9,600 | €20,955 | +€11,355 | +118% |
| Taxes, remuneration and social security | 45 | €27,369 | €16,257 | -€11,112 | -40.6% |
| Taxes | 450/3 | €27,369 | €16,257 | -€11,112 | -40.6% |
| Other amounts payable | 47/48 | €120,378 | €5,082 | -€115,295 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,405 | €76,333 | +€5,928 | +8.4% |
| Other operating charges | 640/8 | €2,383 | €3,402 | +€1,020 | +42.8% |
| Non-recurring operating charges | 66A | €21,327 | - | -€21,327 | |
| Gross operating margin | 9900 | €143,784 | €18,285 | -€125,499 | -87.3% |
| Operating profit (loss) | 9901 | €49,670 | -€61,449 | -€111,119 | |
| Financial income | 75/76B | €98,189 | €262,028 | +€163,839 | +167% |
| Recurring financial income | 75 | €98,189 | €262,028 | +€163,839 | +167% |
| Financial charges | 65/66B | €24,171 | €20,354 | -€3,816 | -15.8% |
| Recurring financial charges | 65 | €24,171 | €20,354 | -€3,816 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €123,688 | €180,224 | +€56,536 | +45.7% |
| Income taxes | 67/77 | €22,517 | €16,497 | -€6,020 | -26.7% |
| Profit (loss) for the period | 9904 | €101,171 | €163,727 | +€62,555 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,171 | €163,727 | +€62,555 | +61.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.