VAN MAERCKE - SALU: 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.
VAN MAERCKE - SALU
Largest movements
- Tangible fixed assets -€21,010
down €21,010 (-7.7%), from €272,828 to €251,818
of which Furniture and vehicles: -€10,916
- Profit (loss) carried forward -€30,989
down €30,989 (-12.4%), from €249,168 to €218,179
- Other debts +€10,049
up €10,049 (+9.3%), from €107,894 to €117,943
- Gross operating margin +€7,435
up €7,435 (+72.7%), from -€10,225 to -€2,790
- Taxes +€385
up €385, from -€385 to €1
- Depreciation -€284
down €284 (-1.3%), from €21,294 to €21,010
- Financial charges +€274
up €274 (+3.5%), from €7,830 to €8,104
- Other operating charges -€254
down €254 (-7.7%), from €3,301 to €3,046
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 | €395,031 | €372,948 | -€22,083 | -5.6% |
| Fixed assets | 21/28 | €272,853 | €251,843 | -€21,010 | -7.7% |
| Tangible fixed assets | 22/27 | €272,828 | €251,818 | -€21,010 | -7.7% |
| Land and buildings | 22 | €258,583 | €248,869 | -€9,714 | -3.8% |
| Plant, machinery and equipment | 23 | €641 | €261 | -€380 | -59.3% |
| Furniture and vehicles | 24 | €13,604 | €2,688 | -€10,916 | -80.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €122,178 | €121,105 | -€1,072 | -0.9% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,136 | €280 | -€857 | -75.4% |
| Deferred charges and accrued income | 490/1 | €1,042 | €826 | -€216 | -20.7% |
| Total equity and liabilities | 10/49 | €395,031 | €372,948 | -€22,083 | -5.6% |
| Equity | 10/15 | €278,000 | €247,011 | -€30,989 | -11.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €14,572 | €14,572 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,991 | €1,991 | = | 0.0% |
| Distributable reserves | 133 | €12,581 | €12,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,168 | €218,179 | -€30,989 | -12.4% |
| Amounts payable | 17/49 | €117,030 | €125,937 | +€8,907 | +7.6% |
| Amounts payable within one year | 42/48 | €109,312 | €117,943 | +€8,630 | +7.9% |
| Trade debts | 44 | €1,419 | - | -€1,419 | |
| Suppliers | 440/4 | €1,419 | - | -€1,419 | |
| Other amounts payable | 47/48 | €107,894 | €117,943 | +€10,049 | +9.3% |
| Accrued charges and deferred income | 492/3 | €7,718 | €7,995 | +€276 | +3.6% |
| Non-recurring operating income | 76A | - | €3,489 | +€3,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,294 | €21,010 | -€284 | -1.3% |
| Other operating charges | 640/8 | €3,301 | €3,046 | -€254 | -7.7% |
| Gross operating margin | 9900 | -€10,225 | -€2,790 | +€7,435 | +72.7% |
| Operating profit (loss) | 9901 | -€34,820 | -€26,847 | +€7,973 | +22.9% |
| Financial income | 75/76B | €3,971 | €3,962 | -€10 | -0.2% |
| Recurring financial income | 75 | €3,971 | €3,962 | -€10 | -0.2% |
| Financial charges | 65/66B | €7,830 | €8,104 | +€274 | +3.5% |
| Recurring financial charges | 65 | €7,830 | €8,104 | +€274 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,678 | -€30,989 | +€7,689 | +19.9% |
| Income taxes | 67/77 | -€385 | €1 | +€385 | |
| Profit (loss) for the period | 9904 | -€38,293 | -€30,989 | +€7,304 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,293 | -€30,989 | +€7,304 | +19.1% |
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 18 October 2026 via checked.be.