SALVANIA: 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.
SALVANIA
Largest movements
- Cash -€65,661
down €65,661 (-57.6%), from €113,958 to €48,297
mainly Other debts (-€103,777) and Debts after one year (-€19,146)
- Tangible fixed assets -€27,746
down €27,746 (-5.1%), from €540,750 to €513,004
of which Land and buildings: -€26,547
- Receivables within one year -€9,971
down €9,971 (-27.8%), from €35,864 to €25,894
of which Trade receivables: -€21,971
- Other debts -€103,777
down €103,777 (-39.5%), from €262,767 to €158,990
- Debts after one year -€19,146
down €19,146 (-22.9%), from €83,567 to €64,421
- Gross operating margin -€23,256
down €23,256 (-23.0%), from €101,039 to €77,783
- Taxes +€18,154
up €18,154 (+122%), from €14,864 to €33,018
- Financial charges -€1,056
down €1,056 (-16.1%), from €6,540 to €5,485
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 | €970,573 | €867,195 | -€103,378 | -10.7% |
| Fixed assets | 21/28 | €540,750 | €513,004 | -€27,746 | -5.1% |
| Tangible fixed assets | 22/27 | €540,750 | €513,004 | -€27,746 | -5.1% |
| Land and buildings | 22 | €531,248 | €504,701 | -€26,547 | -5.0% |
| Plant, machinery and equipment | 23 | €2,710 | €2,224 | -€485 | -17.9% |
| Furniture and vehicles | 24 | €6,793 | €6,079 | -€714 | -10.5% |
| Current assets | 29/58 | €429,822 | €354,190 | -€75,632 | -17.6% |
| Amounts receivable within one year | 40/41 | €35,864 | €25,894 | -€9,971 | -27.8% |
| Trade receivables | 40 | €35,864 | €13,894 | -€21,971 | -61.3% |
| Other amounts receivable | 41 | - | €12,000 | +€12,000 | |
| Current investments | 50/53 | €280,000 | €280,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,958 | €48,297 | -€65,661 | -57.6% |
| Total equity and liabilities | 10/49 | €970,573 | €867,195 | -€103,378 | -10.7% |
| Equity | 10/15 | €446,374 | €455,031 | +€8,657 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,384 | €229,384 | = | 0.0% |
| Distributable reserves | 133 | €229,384 | €229,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,390 | €207,047 | +€8,657 | +4.4% |
| Amounts payable | 17/49 | €524,199 | €412,164 | -€112,035 | -21.4% |
| Amounts payable after more than one year | 17 | €83,567 | €64,421 | -€19,146 | -22.9% |
| Financial debts | 170/4 | €83,567 | €64,421 | -€19,146 | -22.9% |
| Amounts payable within one year | 42/48 | €440,632 | €347,744 | -€92,889 | -21.1% |
| Trade debts | 44 | €167,199 | €169,641 | +€2,441 | +1.5% |
| Suppliers | 440/4 | €167,199 | €169,641 | +€2,441 | +1.5% |
| Taxes, remuneration and social security | 45 | €10,666 | €19,113 | +€8,447 | +79.2% |
| Taxes | 450/3 | €9,095 | €17,532 | +€8,437 | +92.8% |
| Remuneration and social security | 454/9 | €1,571 | €1,580 | +€10 | +0.6% |
| Other amounts payable | 47/48 | €262,767 | €158,990 | -€103,777 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,451 | €27,746 | +€295 | +1.1% |
| Other operating charges | 640/8 | €3,534 | €3,639 | +€105 | +3.0% |
| Gross operating margin | 9900 | €101,039 | €77,783 | -€23,256 | -23.0% |
| Operating profit (loss) | 9901 | €70,054 | €46,398 | -€23,656 | -33.8% |
| Financial income | 75/76B | €605 | €762 | +€157 | +26.0% |
| Recurring financial income | 75 | €605 | €762 | +€157 | +26.0% |
| Financial charges | 65/66B | €6,540 | €5,485 | -€1,056 | -16.1% |
| Recurring financial charges | 65 | €6,540 | €5,485 | -€1,056 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €64,118 | €41,675 | -€22,443 | -35.0% |
| Income taxes | 67/77 | €14,864 | €33,018 | +€18,154 | +122% |
| Profit (loss) for the period | 9904 | €49,254 | €8,657 | -€40,597 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,254 | €8,657 | -€40,597 | -82.4% |
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 20 October 2026 via checked.be.