SALVUS: what changed
SALVUS
Largest movements
- Tangible fixed assets -€51,176
down €51,176 (-6.3%), from €806,416 to €755,240
- Cash +€13,597
up €13,597 (+71.9%), from €18,905 to €32,502
mainly Depreciation (+€51,176) and Net result for the year (+€34,744)
- Other debts -€70,000
down €70,000 (-46.7%), from €150,000 to €80,000
- Reserves +€34,744
up €34,744 (+5.6%), from €616,387 to €651,131
- Gross operating margin +€5,275
up €5,275 (+4.6%), from €115,341 to €120,617
- Taxes +€2,258
up €2,258 (+16.2%), from €13,956 to €16,214
- Financial charges -€2,190
down €2,190 (-19.4%), from €11,272 to €9,082
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,029 | €798,031 | -€36,998 | -4.4% |
| Fixed assets | 21/28 | €806,416 | €755,240 | -€51,176 | -6.3% |
| Tangible fixed assets | 22/27 | €806,416 | €755,240 | -€51,176 | -6.3% |
| Land and buildings | 22 | €806,416 | €755,240 | -€51,176 | -6.3% |
| Current assets | 29/58 | €28,613 | €42,791 | +€14,178 | +49.5% |
| Amounts receivable within one year | 40/41 | €9,708 | €10,289 | +€581 | +6.0% |
| Trade receivables | 40 | €9,708 | €10,289 | +€581 | +6.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,905 | €32,502 | +€13,597 | +71.9% |
| Total equity and liabilities | 10/49 | €835,029 | €798,031 | -€36,998 | -4.4% |
| Equity | 10/15 | €666,415 | €701,159 | +€34,744 | +5.2% |
| Contributions | 10/11 | €50,027 | €50,027 | = | 0.0% |
| Reserves | 13 | €616,387 | €651,131 | +€34,744 | +5.6% |
| Distributable reserves | 133 | €616,387 | €651,131 | +€34,744 | +5.6% |
| Amounts payable | 17/49 | €168,615 | €96,873 | -€71,742 | -42.5% |
| Amounts payable within one year | 42/48 | €167,521 | €95,746 | -€71,775 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,223 | €4,052 | -€2,172 | -34.9% |
| Suppliers | 440/4 | €6,223 | €4,052 | -€2,172 | -34.9% |
| Taxes, remuneration and social security | 45 | €11,298 | €11,695 | +€397 | +3.5% |
| Taxes | 450/3 | €11,298 | €11,695 | +€397 | +3.5% |
| Other amounts payable | 47/48 | €150,000 | €80,000 | -€70,000 | -46.7% |
| Accrued charges and deferred income | 492/3 | €1,094 | €1,126 | +€33 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,176 | €51,176 | = | 0.0% |
| Other operating charges | 640/8 | €9,116 | €9,401 | +€285 | +3.1% |
| Gross operating margin | 9900 | €115,341 | €120,617 | +€5,275 | +4.6% |
| Operating profit (loss) | 9901 | €55,049 | €60,040 | +€4,991 | +9.1% |
| Financial charges | 65/66B | €11,272 | €9,082 | -€2,190 | -19.4% |
| Recurring financial charges | 65 | €11,272 | €9,082 | -€2,190 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €43,777 | €50,958 | +€7,181 | +16.4% |
| Income taxes | 67/77 | €13,956 | €16,214 | +€2,258 | +16.2% |
| Profit (loss) for the period | 9904 | €29,821 | €34,744 | +€4,923 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,821 | €34,744 | +€4,923 | +16.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.