SALMO DEVELOPMENT: 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.
SALMO DEVELOPMENT
Largest movements
- Tangible fixed assets +€125,685
up €125,685 (+432%), from €29,121 to €154,806
of which Land and buildings: +€151,210
- Receivables within one year +€18,579
up €18,579 (+458%), from €4,060 to €22,638
of which Trade receivables: +€18,086
- Cash +€17,566
up €17,566 (+834%), from €2,107 to €19,673
mainly Other debts (+€152,739) and Trade debts (+€25,611)
- Other debts +€152,739
up €152,739 (+181%), from €84,220 to €236,960
- Trade debts +€25,611
up €25,611 (+8,165%), from €314 to €25,925
- Profit (loss) carried forward -€16,600
down €16,600 (-28.1%), from -€59,167 to -€75,767
- Other operating charges +€11,218
up €11,218 (+20,069%), from €56 to €11,274
- Gross operating margin -€9,610
down €9,610, from €7,341 to -€2,268
- Depreciation -€3,261
down €3,261 (-53.3%), from €6,123 to €2,862
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 | €35,367 | €197,118 | +€161,750 | +457% |
| Fixed assets | 21/28 | €29,121 | €154,806 | +€125,685 | +432% |
| Tangible fixed assets | 22/27 | €29,121 | €154,806 | +€125,685 | +432% |
| Land and buildings | 22 | - | €151,210 | +€151,210 | |
| Furniture and vehicles | 24 | €27,868 | €0 | -€27,868 | -100% |
| Other tangible fixed assets | 26 | €1,253 | €3,596 | +€2,343 | +187% |
| Current assets | 29/58 | €6,246 | €42,311 | +€36,065 | +577% |
| Amounts receivable within one year | 40/41 | €4,060 | €22,638 | +€18,579 | +458% |
| Trade receivables | 40 | €3,455 | €21,541 | +€18,086 | +523% |
| Other amounts receivable | 41 | €605 | €1,098 | +€493 | +81.5% |
| Cash at bank and in hand | 54/58 | €2,107 | €19,673 | +€17,566 | +834% |
| Deferred charges and accrued income | 490/1 | €79 | €0 | -€79 | -100% |
| Total equity and liabilities | 10/49 | €35,367 | €197,118 | +€161,750 | +457% |
| Equity | 10/15 | -€49,167 | -€65,767 | -€16,600 | -33.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,167 | -€75,767 | -€16,600 | -28.1% |
| Amounts payable | 17/49 | €84,534 | €262,884 | +€178,350 | +211% |
| Amounts payable within one year | 42/48 | €84,534 | €262,884 | +€178,350 | +211% |
| Trade debts | 44 | €314 | €25,925 | +€25,611 | +8,165% |
| Suppliers | 440/4 | €314 | €25,925 | +€25,611 | +8,165% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €84,220 | €236,960 | +€152,739 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,123 | €2,862 | -€3,261 | -53.3% |
| Other operating charges | 640/8 | €56 | €11,274 | +€11,218 | +20,069% |
| Gross operating margin | 9900 | €7,341 | -€2,268 | -€9,610 | |
| Operating profit (loss) | 9901 | €1,163 | -€16,405 | -€17,567 | |
| Financial charges | 65/66B | €180 | €195 | +€15 | +8.3% |
| Recurring financial charges | 65 | €180 | €195 | +€15 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €982 | -€16,600 | -€17,582 | |
| Profit (loss) for the period | 9904 | €982 | -€16,600 | -€17,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €982 | -€16,600 | -€17,582 |
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 27 October 2026 via checked.be.