AS SAMAD: 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.
AS SAMAD
Largest movements
- Cash -€43,713
down €43,713 (-99.3%), from €44,002 to €289
mainly Debts after one year (-€85,083) and Trade debts (-€6,331)
- Tangible fixed assets -€22,571
down €22,571 (-4.8%), from €466,417 to €443,846
of which Land and buildings: -€12,824
- Intangible fixed assets -€7,239
down €7,239 (-11.7%), from €61,688 to €54,449
- Debts after one year -€85,083
down €85,083 (-21.9%), from €389,240 to €304,157
- Other debts +€23,924
up €23,924 (+31.3%), from €76,385 to €100,309
- Trade debts -€6,331
down €6,331 (-8.7%), from €73,149 to €66,817
- Profit (loss) carried forward -€6,112
down €6,112 (-68.8%), from €8,886 to €2,774
- Gross operating margin +€14,995
up €14,995 (+115.9%), from €12,942 to €27,937
- Turnover -€13,355
no longer reported in 2025 (was €13,355)
- Taxes +€3,767
new in 2025: €3,767
- Purchases and services +€2,250
up €2,250 (+544.8%), from €413 to €2,663
- Depreciation -€1,835
down €1,835 (-5.8%), from €31,645 to €29,810
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 | €587,061 | €516,964 | -€70,098 | -11.9% |
| Fixed assets | 21/28 | €530,915 | €501,106 | -€29,810 | -5.6% |
| Intangible fixed assets | 21 | €61,688 | €54,449 | -€7,239 | -11.7% |
| Tangible fixed assets | 22/27 | €466,417 | €443,846 | -€22,571 | -4.8% |
| Land and buildings | 22 | €427,217 | €414,393 | -€12,824 | -3.0% |
| Plant, machinery and equipment | 23 | €13,020 | €12,000 | -€1,020 | -7.8% |
| Furniture and vehicles | 24 | €26,180 | €17,453 | -€8,727 | -33.3% |
| Financial fixed assets | 28 | €2,810 | €2,810 | = | 0.0% |
| Current assets | 29/58 | €56,146 | €15,858 | -€40,288 | -71.8% |
| Amounts receivable within one year | 40/41 | €12,145 | €15,569 | +€3,425 | +28.2% |
| Other amounts receivable | 41 | €12,145 | €15,569 | +€3,425 | +28.2% |
| Cash at bank and in hand | 54/58 | €44,002 | €289 | -€43,713 | -99.3% |
| Total equity and liabilities | 10/49 | €587,061 | €516,964 | -€70,098 | -11.9% |
| Equity | 10/15 | €48,288 | €42,176 | -€6,112 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,802 | €20,802 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,802 | €20,802 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,287 | €3,287 | = | 0.0% |
| Financial assistance | 1313 | €17,515 | €17,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,886 | €2,774 | -€6,112 | -68.8% |
| Amounts payable | 17/49 | €538,773 | €474,788 | -€63,985 | -11.9% |
| Amounts payable after more than one year | 17 | €389,240 | €304,157 | -€85,083 | -21.9% |
| Financial debts | 170/4 | €389,240 | €304,157 | -€85,083 | -21.9% |
| Amounts payable within one year | 42/48 | €149,533 | €170,631 | +€21,097 | +14.1% |
| Trade debts | 44 | €73,149 | €66,817 | -€6,331 | -8.7% |
| Suppliers | 440/4 | €73,149 | €66,817 | -€6,331 | -8.7% |
| Advances received on contracts in progress | 46 | - | €3,505 | +€3,505 | |
| Other amounts payable | 47/48 | €76,385 | €100,309 | +€23,924 | +31.3% |
| Turnover | 70 | €13,355 | - | -€13,355 | |
| Goods, raw materials, services and sundry goods | 60/61 | €413 | €2,663 | +€2,250 | +544.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,645 | €29,810 | -€1,835 | -5.8% |
| Other operating charges | 640/8 | €128 | €319 | +€192 | +150.2% |
| Gross operating margin | 9900 | €12,942 | €27,937 | +€14,995 | +115.9% |
| Operating profit (loss) | 9901 | -€18,830 | -€2,192 | +€16,639 | +88.4% |
| Financial charges | 65/66B | €181 | €154 | -€27 | -14.9% |
| Recurring financial charges | 65 | €181 | €154 | -€27 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,011 | -€2,346 | +€16,666 | +87.7% |
| Income taxes | 67/77 | - | €3,767 | +€3,767 | |
| Profit (loss) for the period | 9904 | -€19,011 | -€6,112 | +€12,899 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,011 | -€6,112 | +€12,899 | +67.8% |
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 6 October 2026 via checked.be.