SALVI CONSULT: 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.
SALVI CONSULT
Largest movements
- Tangible fixed assets +€57,999
up €57,999 (+5.3%), from €1.1m to €1.2m
of which Assets under construction and advance payments: +€86,181
- Cash -€28,373
down €28,373 (-53.3%), from €53,234 to €24,861
mainly Investment in fixed assets (net) (-€86,180) and Contributions, distributions and other (-€0)
- Profit (loss) carried forward +€25,654
up €25,654 (+50.7%), from -€50,636 to -€24,982
- Gross operating margin +€35,731
up €35,731 (+139%), from €25,626 to €61,357
- Depreciation -€7,839
down €7,839 (-21.8%), from €36,038 to €28,199
- Other operating charges +€2,570
up €2,570 (+52.9%), from €4,855 to €7,425
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 | €1,155,975 | €1,185,439 | +€29,464 | +2.5% |
| Formation expenses | 20 | €18 | - | -€18 | |
| Fixed assets | 21/28 | €1,101,757 | €1,159,756 | +€57,999 | +5.3% |
| Tangible fixed assets | 22/27 | €1,101,757 | €1,159,756 | +€57,999 | +5.3% |
| Land and buildings | 22 | €1,101,757 | €1,073,575 | -€28,182 | -2.6% |
| Assets under construction and advance payments | 27 | - | €86,181 | +€86,181 | |
| Current assets | 29/58 | €54,200 | €25,683 | -€28,517 | -52.6% |
| Cash at bank and in hand | 54/58 | €53,234 | €24,861 | -€28,373 | -53.3% |
| Deferred charges and accrued income | 490/1 | €966 | €821 | -€145 | -15.0% |
| Total equity and liabilities | 10/49 | €1,155,975 | €1,185,439 | +€29,464 | +2.5% |
| Equity | 10/15 | €295,364 | €321,018 | +€25,654 | +8.7% |
| Contributions | 10/11 | €346,000 | €346,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,636 | -€24,982 | +€25,654 | +50.7% |
| Amounts payable | 17/49 | €860,611 | €864,421 | +€3,810 | +0.4% |
| Amounts payable within one year | 42/48 | €860,586 | €863,251 | +€2,665 | +0.3% |
| Trade debts | 44 | €254 | €2,930 | +€2,676 | +1,054% |
| Suppliers | 440/4 | €254 | €2,930 | +€2,676 | +1,054% |
| Other amounts payable | 47/48 | €860,332 | €860,321 | -€11 | 0.0% |
| Accrued charges and deferred income | 492/3 | €25 | €1,170 | +€1,145 | +4,580% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,038 | €28,199 | -€7,839 | -21.8% |
| Other operating charges | 640/8 | €4,855 | €7,425 | +€2,570 | +52.9% |
| Gross operating margin | 9900 | €25,626 | €61,357 | +€35,731 | +139% |
| Operating profit (loss) | 9901 | -€15,267 | €25,733 | +€41,000 | |
| Financial charges | 65/66B | €76 | €78 | +€2 | +2.6% |
| Recurring financial charges | 65 | €76 | €78 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,343 | €25,655 | +€40,998 | |
| Profit (loss) for the period | 9904 | -€15,343 | €25,655 | +€40,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,343 | €25,655 | +€40,998 |
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 14 October 2026 via checked.be.