SALVATEL: 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.
SALVATEL
Largest movements
- Cash +€27,769
up €27,769 (+43.2%), from €64,256 to €92,025
mainly Receivables within one year (+€24,913) and Net result for the year (+€6,975)
- Receivables within one year -€24,913
down €24,913 (-87.1%), from €28,605 to €3,693
of which Trade receivables: -€25,144
- Tangible fixed assets -€6,430
down €6,430 (-25.0%), from €25,718 to €19,289
- Tax, wage and social debts -€9,304
down €9,304 (-76.2%), from €12,202 to €2,898
- Reserves +€5,600
up €5,600 (+5.5%), from €101,999 to €107,599
- Turnover -€62,340
down €62,340 (-53.8%), from €115,890 to €53,550
- Purchases and services -€39,895
down €39,895 (-53.2%), from €74,931 to €35,036
- Gross operating margin -€22,445
down €22,445 (-54.8%), from €40,959 to €18,514
- Taxes -€4,520
down €4,520 (-52.3%), from €8,643 to €4,123
- Other operating charges -€3,230
down €3,230 (-73.4%), from €4,401 to €1,171
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 | €118,716 | €115,142 | -€3,574 | -3.0% |
| Fixed assets | 21/28 | €25,718 | €19,289 | -€6,430 | -25.0% |
| Tangible fixed assets | 22/27 | €25,718 | €19,289 | -€6,430 | -25.0% |
| Furniture and vehicles | 24 | €25,718 | €19,289 | -€6,430 | -25.0% |
| Current assets | 29/58 | €92,997 | €95,853 | +€2,856 | +3.1% |
| Amounts receivable within one year | 40/41 | €28,605 | €3,693 | -€24,913 | -87.1% |
| Trade receivables | 40 | €27,989 | €2,845 | -€25,144 | -89.8% |
| Other amounts receivable | 41 | €616 | €848 | +€232 | +37.6% |
| Cash at bank and in hand | 54/58 | €64,256 | €92,025 | +€27,769 | +43.2% |
| Deferred charges and accrued income | 490/1 | €136 | €136 | = | 0.0% |
| Total equity and liabilities | 10/49 | €118,716 | €115,142 | -€3,574 | -3.0% |
| Equity | 10/15 | €104,914 | €111,029 | +€6,115 | +5.8% |
| Reserves | 13 | €101,999 | €107,599 | +€5,600 | +5.5% |
| Distributable reserves | 133 | €101,999 | €107,599 | +€5,600 | +5.5% |
| Profit (loss) carried forward | 14 | €2,915 | €3,430 | +€515 | +17.7% |
| Amounts payable | 17/49 | €13,802 | €4,113 | -€9,689 | -70.2% |
| Amounts payable within one year | 42/48 | €13,802 | €4,113 | -€9,689 | -70.2% |
| Trade debts | 44 | - | €355 | +€355 | |
| Suppliers | 440/4 | - | €355 | +€355 | |
| Taxes, remuneration and social security | 45 | €12,202 | €2,898 | -€9,304 | -76.2% |
| Taxes | 450/3 | €12,202 | €2,898 | -€9,304 | -76.2% |
| Other amounts payable | 47/48 | €1,600 | €860 | -€740 | -46.3% |
| Turnover | 70 | €115,890 | €53,550 | -€62,340 | -53.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,931 | €35,036 | -€39,895 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,430 | €6,430 | = | 0.0% |
| Other operating charges | 640/8 | €4,401 | €1,171 | -€3,230 | -73.4% |
| Gross operating margin | 9900 | €40,959 | €18,514 | -€22,445 | -54.8% |
| Operating profit (loss) | 9901 | €30,128 | €10,913 | -€19,215 | -63.8% |
| Financial income | 75/76B | €231 | €285 | +€54 | +23.4% |
| Recurring financial income | 75 | €231 | €285 | +€54 | +23.4% |
| Financial charges | 65/66B | €105 | €99 | -€6 | -5.7% |
| Recurring financial charges | 65 | €105 | €99 | -€6 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €30,254 | €11,099 | -€19,155 | -63.3% |
| Income taxes | 67/77 | €8,643 | €4,123 | -€4,520 | -52.3% |
| Profit (loss) for the period | 9904 | €21,611 | €6,975 | -€14,635 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,611 | €6,975 | -€14,635 | -67.7% |
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 8 October 2026 via checked.be.