SALZA: 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.
SALZA
Largest movements
- Tangible fixed assets -€8,847
down €8,847 (-37.7%), from €23,453 to €14,606
of which Leasing and similar rights: -€5,551
- Current investments -€4,978
down €4,978 (-99.3%), from €5,011 to €33
- Cash +€673
up €673 (+11.7%), from €5,772 to €6,445
mainly Depreciation (+€8,847) and Current investments (+€4,978)
- Profit (loss) carried forward -€8,029
down €8,029 (-36.5%), from €21,974 to €13,945
- Debts after one year -€3,856
down €3,856 (-47.8%), from €8,069 to €4,213
- Trade debts -€2,468
down €2,468 (-61.3%), from €4,025 to €1,557
- Tax, wage and social debts +€874
new in 2025: €874
- Gross operating margin -€11,948
down €11,948 (-81.0%), from €14,752 to €2,804
- Taxes -€1,490
down €1,490, from €1,392 to -€98
- Depreciation +€445
up €445 (+5.3%), from €8,402 to €8,847
- Other operating charges +€381
up €381 (+56.2%), from €678 to €1,059
- Financial charges -€337
down €337 (-23.9%), from €1,408 to €1,071
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 | €40,381 | €27,046 | -€13,335 | -33.0% |
| Fixed assets | 21/28 | €23,772 | €14,925 | -€8,847 | -37.2% |
| Tangible fixed assets | 22/27 | €23,453 | €14,606 | -€8,847 | -37.7% |
| Plant, machinery and equipment | 23 | €7,295 | €5,662 | -€1,633 | -22.4% |
| Furniture and vehicles | 24 | €2,425 | €762 | -€1,663 | -68.6% |
| Leasing and similar rights | 25 | €13,733 | €8,182 | -€5,551 | -40.4% |
| Financial fixed assets | 28 | €319 | €319 | = | 0.0% |
| Current assets | 29/58 | €16,610 | €12,121 | -€4,489 | -27.0% |
| Amounts receivable within one year | 40/41 | €5,826 | €5,449 | -€377 | -6.5% |
| Trade receivables | 40 | €3,167 | €262 | -€2,905 | -91.7% |
| Other amounts receivable | 41 | €2,658 | €5,187 | +€2,529 | +95.1% |
| Current investments | 50/53 | €5,011 | €33 | -€4,978 | -99.3% |
| Cash at bank and in hand | 54/58 | €5,772 | €6,445 | +€673 | +11.7% |
| Deferred charges and accrued income | 490/1 | - | €194 | +€194 | |
| Total equity and liabilities | 10/49 | €40,381 | €27,046 | -€13,335 | -33.0% |
| Equity | 10/15 | €24,574 | €16,545 | -€8,029 | -32.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | - | -€100 | |
| Other | 1109/19 | €100 | - | -€100 | |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,974 | €13,945 | -€8,029 | -36.5% |
| Amounts payable | 17/49 | €15,807 | €10,501 | -€5,306 | -33.6% |
| Amounts payable after more than one year | 17 | €8,069 | €4,213 | -€3,856 | -47.8% |
| Financial debts | 170/4 | €8,069 | €4,213 | -€3,856 | -47.8% |
| Amounts payable within one year | 42/48 | €7,738 | €6,288 | -€1,450 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €3,529 | €3,857 | +€328 | +9.3% |
| Trade debts | 44 | €4,025 | €1,557 | -€2,468 | -61.3% |
| Suppliers | 440/4 | €4,025 | €1,557 | -€2,468 | -61.3% |
| Taxes, remuneration and social security | 45 | - | €874 | +€874 | |
| Taxes | 450/3 | - | €874 | +€874 | |
| Other amounts payable | 47/48 | €184 | - | -€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,402 | €8,847 | +€445 | +5.3% |
| Other operating charges | 640/8 | €678 | €1,059 | +€381 | +56.2% |
| Gross operating margin | 9900 | €14,752 | €2,804 | -€11,948 | -81.0% |
| Operating profit (loss) | 9901 | €5,673 | -€7,102 | -€12,775 | |
| Financial income | 75/76B | €11 | €46 | +€35 | +319.7% |
| Recurring financial income | 75 | €11 | €46 | +€35 | +319.7% |
| Financial charges | 65/66B | €1,408 | €1,071 | -€337 | -23.9% |
| Recurring financial charges | 65 | €1,408 | €1,071 | -€337 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €4,276 | -€8,127 | -€12,403 | |
| Income taxes | 67/77 | €1,392 | -€98 | -€1,490 | |
| Profit (loss) for the period | 9904 | €2,884 | -€8,029 | -€10,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,884 | -€8,029 | -€10,913 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.