Salvara: 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.
Salvara
Largest movements
- Receivables within one year +€49,456
up €49,456 (+138.4%), from €35,734 to €85,191
of which Other amounts receivable: +€67,712
- Current investments -€35,400
down €35,400 (-60.6%), from €58,400 to €23,000
- Cash +€15,714
up €15,714 (+207.9%), from €7,559 to €23,273
mainly Other debts (+€80,421) and Net result for the year (+€43,066)
- Tangible fixed assets -€12,045
down €12,045 (-27.5%), from €43,830 to €31,785
of which Leasing and similar rights: -€11,424
- Deferred charges and accrued income +€9,243
new in 2025: €9,243
- Other debts +€80,421
up €80,421 (+1756.3%), from €4,579 to €85,000
- Reserves -€41,934
down €41,934 (-58.9%), from €71,135 to €29,202
- Debts after one year -€16,432
no longer reported in 2025 (was €16,432)
- Trade debts +€6,394
up €6,394 (+575.0%), from €1,112 to €7,506
- Tax, wage and social debts -€2,069
down €2,069 (-6.1%), from €33,748 to €31,679
- Financial income +€11,785
up €11,785 (+2715.2%), from €434 to €12,219
- Gross operating margin +€4,188
up €4,188 (+7.1%), from €59,059 to €63,247
- Taxes +€3,421
up €3,421 (+28.1%), from €12,194 to €15,616
- Depreciation +€1,180
up €1,180 (+9.4%), from €12,531 to €13,712
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 | €145,523 | €172,492 | +€26,969 | +18.5% |
| Fixed assets | 21/28 | €43,830 | €31,785 | -€12,045 | -27.5% |
| Tangible fixed assets | 22/27 | €43,830 | €31,785 | -€12,045 | -27.5% |
| Plant, machinery and equipment | 23 | €781 | €1,851 | +€1,069 | +136.9% |
| Furniture and vehicles | 24 | €7,806 | €6,116 | -€1,690 | -21.6% |
| Leasing and similar rights | 25 | €35,242 | €23,818 | -€11,424 | -32.4% |
| Current assets | 29/58 | €101,693 | €140,706 | +€39,013 | +38.4% |
| Amounts receivable within one year | 40/41 | €35,734 | €85,191 | +€49,456 | +138.4% |
| Trade receivables | 40 | €35,734 | €17,479 | -€18,255 | -51.1% |
| Other amounts receivable | 41 | - | €67,712 | +€67,712 | |
| Current investments | 50/53 | €58,400 | €23,000 | -€35,400 | -60.6% |
| Cash at bank and in hand | 54/58 | €7,559 | €23,273 | +€15,714 | +207.9% |
| Deferred charges and accrued income | 490/1 | - | €9,243 | +€9,243 | |
| Total equity and liabilities | 10/49 | €145,523 | €172,492 | +€26,969 | +18.5% |
| Equity | 10/15 | €75,135 | €33,202 | -€41,934 | -55.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €71,135 | €29,202 | -€41,934 | -58.9% |
| Distributable reserves | 133 | €71,135 | €29,202 | -€41,934 | -58.9% |
| Amounts payable | 17/49 | €70,387 | €139,290 | +€68,902 | +97.9% |
| Amounts payable after more than one year | 17 | €16,432 | - | -€16,432 | |
| Financial debts | 170/4 | €16,432 | - | -€16,432 | |
| Amounts payable within one year | 42/48 | €53,956 | €139,290 | +€85,334 | +158.2% |
| Current portion of amounts payable after more than one year | 42 | €14,517 | €15,106 | +€589 | +4.1% |
| Trade debts | 44 | €1,112 | €7,506 | +€6,394 | +575.0% |
| Suppliers | 440/4 | €1,112 | €7,506 | +€6,394 | +575.0% |
| Taxes, remuneration and social security | 45 | €33,748 | €31,679 | -€2,069 | -6.1% |
| Taxes | 450/3 | €33,748 | €31,679 | -€2,069 | -6.1% |
| Other amounts payable | 47/48 | €4,579 | €85,000 | +€80,421 | +1756.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,531 | €13,712 | +€1,180 | +9.4% |
| Other operating charges | 640/8 | €2,047 | €1,420 | -€626 | -30.6% |
| Gross operating margin | 9900 | €59,059 | €63,247 | +€4,188 | +7.1% |
| Operating profit (loss) | 9901 | €44,481 | €48,115 | +€3,634 | +8.2% |
| Financial income | 75/76B | €434 | €12,219 | +€11,785 | +2715.2% |
| Recurring financial income | 75 | €434 | €12,219 | +€11,785 | +2715.2% |
| Financial charges | 65/66B | €2,096 | €1,652 | -€444 | -21.2% |
| Recurring financial charges | 65 | €2,096 | €1,652 | -€444 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €42,819 | €58,682 | +€15,863 | +37.0% |
| Income taxes | 67/77 | €12,194 | €15,616 | +€3,421 | +28.1% |
| Profit (loss) for the period | 9904 | €30,625 | €43,066 | +€12,441 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,625 | €43,066 | +€12,441 | +40.6% |
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 5 October 2026 via checked.be.