SALVATO: 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.
SALVATO
Largest movements
- Receivables within one year +€24,979
up €24,979 (+36.9%), from €67,664 to €92,643
of which Other amounts receivable: +€24,380
- Formation expenses -€23,927
down €23,927 (-36.1%), from €66,305 to €42,379
- Tangible fixed assets -€10,192
down €10,192 (-13.1%), from €77,828 to €67,637
of which Other tangible fixed assets: -€5,602
- Debts after one year -€41,230
down €41,230 (-44.2%), from €93,287 to €52,057
- Current portion of long-term debt +€24,878
up €24,878 (+51.2%), from €48,571 to €73,449
- Tax, wage and social debts +€10,622
up €10,622 (+31.7%), from €33,480 to €44,102
of which Taxes: +€11,507
- Trade debts -€7,704
down €7,704 (-3.4%), from €227,383 to €219,680
of which Suppliers: -€6,557
- Taxes +€33,173
up €33,173 (+407%), from €8,145 to €41,318
- Financial charges -€18,122
down €18,122 (-87.9%), from €20,609 to €2,488
- Gross operating margin -€17,451
down €17,451 (-4.7%), from €370,390 to €352,939
- Staff costs +€8,290
up €8,290 (+3.7%), from €224,672 to €232,962
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 | €488,141 | €478,046 | -€10,095 | -2.1% |
| Formation expenses | 20 | €66,305 | €42,379 | -€23,927 | -36.1% |
| Fixed assets | 21/28 | €127,928 | €117,737 | -€10,192 | -8.0% |
| Tangible fixed assets | 22/27 | €77,828 | €67,637 | -€10,192 | -13.1% |
| Plant, machinery and equipment | 23 | €24,087 | €24,050 | -€37 | -0.2% |
| Furniture and vehicles | 24 | €28,273 | €23,721 | -€4,552 | -16.1% |
| Other tangible fixed assets | 26 | €25,468 | €19,866 | -€5,602 | -22.0% |
| Financial fixed assets | 28 | €50,100 | €50,100 | = | 0.0% |
| Current assets | 29/58 | €293,907 | €317,931 | +€24,023 | +8.2% |
| Stocks and contracts in progress | 3 | €88,320 | €89,858 | +€1,538 | +1.7% |
| Stocks | 30/36 | €88,320 | €89,858 | +€1,538 | +1.7% |
| Amounts receivable within one year | 40/41 | €67,664 | €92,643 | +€24,979 | +36.9% |
| Trade receivables | 40 | €674 | €1,273 | +€599 | +88.8% |
| Other amounts receivable | 41 | €66,990 | €91,370 | +€24,380 | +36.4% |
| Cash at bank and in hand | 54/58 | €137,923 | €134,707 | -€3,216 | -2.3% |
| Deferred charges and accrued income | 490/1 | - | €722 | +€722 | |
| Total equity and liabilities | 10/49 | €488,141 | €478,046 | -€10,095 | -2.1% |
| Equity | 10/15 | €25,000 | €25,000 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €463,141 | €453,046 | -€10,095 | -2.2% |
| Amounts payable after more than one year | 17 | €93,287 | €52,057 | -€41,230 | -44.2% |
| Financial debts | 170/4 | €93,287 | €52,057 | -€41,230 | -44.2% |
| Amounts payable within one year | 42/48 | €369,289 | €400,989 | +€31,700 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €48,571 | €73,449 | +€24,878 | +51.2% |
| Trade debts | 44 | €227,383 | €219,680 | -€7,704 | -3.4% |
| Suppliers | 440/4 | €226,237 | €219,680 | -€6,557 | -2.9% |
| Bills of exchange payable | 441 | €1,147 | - | -€1,147 | |
| Advances received on contracts in progress | 46 | - | €1,540 | +€1,540 | |
| Taxes, remuneration and social security | 45 | €33,480 | €44,102 | +€10,622 | +31.7% |
| Taxes | 450/3 | €9,928 | €21,435 | +€11,507 | +116% |
| Remuneration and social security | 454/9 | €23,552 | €22,668 | -€884 | -3.8% |
| Other amounts payable | 47/48 | €59,855 | €62,218 | +€2,363 | +3.9% |
| Accrued charges and deferred income | 492/3 | €565 | - | -€565 | |
| Remuneration, social security and pensions | 62 | €224,672 | €232,962 | +€8,290 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,607 | €42,066 | +€458 | +1.1% |
| Other operating charges | 640/8 | €5,931 | €3,047 | -€2,885 | -48.6% |
| Gross operating margin | 9900 | €370,390 | €352,939 | -€17,451 | -4.7% |
| Operating profit (loss) | 9901 | €98,179 | €74,864 | -€23,315 | -23.7% |
| Financial income | 75/76B | €992 | €172 | -€821 | -82.7% |
| Recurring financial income | 75 | €992 | €172 | -€821 | -82.7% |
| Financial charges | 65/66B | €20,609 | €2,488 | -€18,122 | -87.9% |
| Recurring financial charges | 65 | €20,609 | €2,488 | -€18,122 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €78,562 | €72,548 | -€6,014 | -7.7% |
| Income taxes | 67/77 | €8,145 | €41,318 | +€33,173 | +407% |
| Profit (loss) for the period | 9904 | €70,417 | €31,230 | -€39,187 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,417 | €31,230 | -€39,187 | -55.7% |
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 28 October 2026 via checked.be.