Salvann: 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.
Salvann
Largest movements
- Tangible fixed assets -€72,701
down €72,701 (-4.5%), from €1.6m to €1.5m
- Cash -€37,600
down €37,600 (-70.6%), from €53,234 to €15,634
mainly Debts after one year (-€156,804) and Tax, wage and social debts (-€38,789)
- Receivables within one year +€36,655
up €36,655 (+16.4%), from €224,021 to €260,676
of which Other amounts receivable: +€21,294
- Debts after one year -€156,804
down €156,804 (-12.5%), from €1.3m to €1.1m
- Profit (loss) carried forward +€112,283
up €112,283 (+53.5%), from €209,900 to €322,183
- Tax, wage and social debts -€38,789
down €38,789 (-73.5%), from €52,748 to €13,959
- Gross operating margin -€8,119
down €8,119 (-3.1%), from €262,758 to €254,639
- Taxes -€5,311
down €5,311 (-12.3%), from €43,115 to €37,804
- Financial charges +€5,013
up €5,013 (+15.8%), from €31,812 to €36,825
- Financial income +€3,273
up €3,273 (+40.8%), from €8,021 to €11,294
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 | €1,896,837 | €1,823,707 | -€73,130 | -3.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,619,582 | €1,546,880 | -€72,701 | -4.5% |
| Tangible fixed assets | 22/27 | €1,619,582 | €1,546,880 | -€72,701 | -4.5% |
| Land and buildings | 22 | €1,619,582 | €1,546,880 | -€72,701 | -4.5% |
| Current assets | 29/58 | €277,255 | €276,827 | -€428 | -0.2% |
| Amounts receivable within one year | 40/41 | €224,021 | €260,676 | +€36,655 | +16.4% |
| Trade receivables | 40 | €0 | €15,360 | +€15,360 | |
| Other amounts receivable | 41 | €224,021 | €245,315 | +€21,294 | +9.5% |
| Cash at bank and in hand | 54/58 | €53,234 | €15,634 | -€37,600 | -70.6% |
| Deferred charges and accrued income | 490/1 | - | €517 | +€517 | |
| Total equity and liabilities | 10/49 | €1,896,837 | €1,823,707 | -€73,130 | -3.9% |
| Equity | 10/15 | €438,510 | €550,793 | +€112,283 | +25.6% |
| Contributions | 10/11 | €228,610 | €228,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,900 | €322,183 | +€112,283 | +53.5% |
| Amounts payable | 17/49 | €1,458,327 | €1,272,915 | -€185,412 | -12.7% |
| Amounts payable after more than one year | 17 | €1,250,153 | €1,093,349 | -€156,804 | -12.5% |
| Financial debts | 170/4 | €1,250,153 | €1,093,349 | -€156,804 | -12.5% |
| Amounts payable within one year | 42/48 | €197,579 | €170,763 | -€26,816 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €144,558 | €156,804 | +€12,246 | +8.5% |
| Trade debts | 44 | €273 | €0 | -€273 | -100.0% |
| Suppliers | 440/4 | €273 | €0 | -€273 | -100.0% |
| Taxes, remuneration and social security | 45 | €52,748 | €13,959 | -€38,789 | -73.5% |
| Taxes | 450/3 | €52,748 | €13,959 | -€38,789 | -73.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,595 | €8,803 | -€1,792 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,701 | €72,701 | = | 0.0% |
| Other operating charges | 640/8 | €7,919 | €6,319 | -€1,600 | -20.2% |
| Non-recurring operating charges | 66A | €125 | - | -€125 | |
| Gross operating margin | 9900 | €262,758 | €254,639 | -€8,119 | -3.1% |
| Operating profit (loss) | 9901 | €182,012 | €175,618 | -€6,394 | -3.5% |
| Financial income | 75/76B | €8,021 | €11,294 | +€3,273 | +40.8% |
| Recurring financial income | 75 | €8,021 | €11,294 | +€3,273 | +40.8% |
| Financial charges | 65/66B | €31,812 | €36,825 | +€5,013 | +15.8% |
| Recurring financial charges | 65 | €31,812 | €36,825 | +€5,013 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €158,221 | €150,087 | -€8,134 | -5.1% |
| Income taxes | 67/77 | €43,115 | €37,804 | -€5,311 | -12.3% |
| Profit (loss) for the period | 9904 | €115,106 | €112,283 | -€2,823 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,106 | €112,283 | -€2,823 | -2.5% |
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 3 October 2026 via checked.be.