SALVO: 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.
SALVO
Largest movements
- Cash -€11,871
down €11,871 (-73.5%), from €16,149 to €4,278
mainly Net result for the year (-€29,653) and Trade debts (-€5,593)
- Receivables within one year -€6,389
no longer reported in 2025 (was €6,389)
- Tangible fixed assets -€1,129
down €1,129 (-46.1%), from €2,450 to €1,321
of which Furniture and vehicles: -€632
- Profit (loss) carried forward -€29,653
down €29,653 (-37.3%), from -€79,473 to -€109,125
- Other debts +€15,657
up €15,657 (+163.5%), from €9,574 to €25,231
- Trade debts -€5,593
down €5,593 (-77.8%), from €7,185 to €1,593
- Gross operating margin +€53,437
up €53,437 (+66.9%), from -€79,918 to -€26,481
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 | €34,766 | €15,436 | -€19,330 | -55.6% |
| Fixed assets | 21/28 | €2,450 | €1,321 | -€1,129 | -46.1% |
| Tangible fixed assets | 22/27 | €2,450 | €1,321 | -€1,129 | -46.1% |
| Furniture and vehicles | 24 | €1,456 | €824 | -€632 | -43.4% |
| Other tangible fixed assets | 26 | €995 | €497 | -€497 | -50.0% |
| Current assets | 29/58 | €32,316 | €14,115 | -€18,201 | -56.3% |
| Amounts receivable within one year | 40/41 | €6,389 | - | -€6,389 | |
| Other amounts receivable | 41 | €6,389 | - | -€6,389 | |
| Cash at bank and in hand | 54/58 | €16,149 | €4,278 | -€11,871 | -73.5% |
| Deferred charges and accrued income | 490/1 | €9,778 | €9,837 | +€59 | +0.6% |
| Total equity and liabilities | 10/49 | €34,766 | €15,436 | -€19,330 | -55.6% |
| Equity | 10/15 | €17,847 | -€11,805 | -€29,653 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,120 | €91,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €89,260 | €89,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,473 | -€109,125 | -€29,653 | -37.3% |
| Amounts payable | 17/49 | €16,918 | €27,241 | +€10,323 | +61.0% |
| Amounts payable within one year | 42/48 | €16,918 | €27,241 | +€10,323 | +61.0% |
| Trade debts | 44 | €7,185 | €1,593 | -€5,593 | -77.8% |
| Suppliers | 440/4 | €7,185 | €1,593 | -€5,593 | -77.8% |
| Taxes, remuneration and social security | 45 | €159 | €418 | +€259 | +162.9% |
| Taxes | 450/3 | €159 | €418 | +€259 | +162.9% |
| Other amounts payable | 47/48 | €9,574 | €25,231 | +€15,657 | +163.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,316 | €1,129 | -€187 | -14.2% |
| Other operating charges | 640/8 | €1,110 | €1,260 | +€150 | +13.5% |
| Gross operating margin | 9900 | -€79,918 | -€26,481 | +€53,437 | +66.9% |
| Operating profit (loss) | 9901 | -€82,344 | -€28,870 | +€53,474 | +64.9% |
| Financial charges | 65/66B | €109 | €573 | +€464 | +425.2% |
| Recurring financial charges | 65 | €109 | €573 | +€464 | +425.2% |
| Profit (loss) for the period before taxes | 9903 | -€82,453 | -€29,443 | +€53,010 | +64.3% |
| Income taxes | 67/77 | €159 | €210 | +€51 | +32.0% |
| Profit (loss) for the period | 9904 | -€82,612 | -€29,653 | +€52,959 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,612 | -€29,653 | +€52,959 | +64.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.