SALVETO: 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.
SALVETO
Largest movements
- Cash -€24,413
down €24,413 (-39.0%), from €62,552 to €38,139
mainly Net result for the year (-€22,042) and Receivables within one year (-€4,428)
- Receivables within one year +€4,428
up €4,428 (+2.1%), from €213,314 to €217,742
- Profit (loss) carried forward -€22,042
down €22,042 (-53.7%), from €41,060 to €19,018
- Gross operating margin -€55,297
down €55,297 (-52.5%), from €105,381 to €50,084
- Staff costs +€5,528
up €5,528 (+8.6%), from €64,482 to €70,010
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 | €283,066 | €261,799 | -€21,267 | -7.5% |
| Fixed assets | 21/28 | €7,200 | €5,235 | -€1,965 | -27.3% |
| Tangible fixed assets | 22/27 | €7,200 | €5,235 | -€1,965 | -27.3% |
| Land and buildings | 22 | €3,630 | €3,328 | -€302 | -8.3% |
| Plant, machinery and equipment | 23 | €1,572 | €744 | -€828 | -52.7% |
| Furniture and vehicles | 24 | €1,999 | €1,163 | -€836 | -41.8% |
| Current assets | 29/58 | €275,866 | €256,564 | -€19,302 | -7.0% |
| Amounts receivable within one year | 40/41 | €213,314 | €217,742 | +€4,428 | +2.1% |
| Trade receivables | 40 | €213,314 | €217,742 | +€4,428 | +2.1% |
| Cash at bank and in hand | 54/58 | €62,552 | €38,139 | -€24,413 | -39.0% |
| Deferred charges and accrued income | 490/1 | €0 | €683 | +€683 | |
| Total equity and liabilities | 10/49 | €283,066 | €261,799 | -€21,267 | -7.5% |
| Equity | 10/15 | €41,060 | €19,018 | -€22,042 | -53.7% |
| Profit (loss) carried forward | 14 | €41,060 | €19,018 | -€22,042 | -53.7% |
| Amounts payable | 17/49 | €242,006 | €242,781 | +€775 | +0.3% |
| Amounts payable after more than one year | 17 | €1,502 | €1,502 | -€0 | 0.0% |
| Other amounts payable | 178/9 | €1,502 | €1,502 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €57,833 | €57,153 | -€680 | -1.2% |
| Trade debts | 44 | €1,882 | €345 | -€1,537 | -81.7% |
| Suppliers | 440/4 | €1,882 | €345 | -€1,537 | -81.7% |
| Advances received on contracts in progress | 46 | €45,562 | €46,323 | +€761 | +1.7% |
| Taxes, remuneration and social security | 45 | €8,497 | €8,653 | +€156 | +1.8% |
| Taxes | 450/3 | €141 | - | -€141 | |
| Remuneration and social security | 454/9 | €8,356 | €8,653 | +€297 | +3.6% |
| Accrued charges and deferred income | 492/3 | €182,671 | €184,126 | +€1,455 | +0.8% |
| Remuneration, social security and pensions | 62 | €64,482 | €70,010 | +€5,528 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,966 | €1,965 | -€1 | 0.0% |
| Gross operating margin | 9900 | €105,381 | €50,084 | -€55,297 | -52.5% |
| Operating profit (loss) | 9901 | €38,933 | -€21,891 | -€60,824 | |
| Financial income | 75/76B | €0 | €173 | +€173 | +864,900% |
| Recurring financial income | 75 | €0 | €173 | +€173 | +864,900% |
| Financial charges | 65/66B | €52 | €272 | +€220 | +420% |
| Recurring financial charges | 65 | €52 | €272 | +€220 | +420% |
| Profit (loss) for the period before taxes | 9903 | €38,880 | -€21,990 | -€60,870 | |
| Income taxes | 67/77 | - | €52 | +€52 | |
| Profit (loss) for the period | 9904 | €38,880 | -€22,042 | -€60,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,880 | -€22,042 | -€60,922 |
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 27 October 2026 via checked.be.