D. SAMELSON: 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.
D. SAMELSON
Largest movements
- Tangible fixed assets -€33,785
down €33,785 (-3.8%), from €893,144 to €859,359
of which Land and buildings: -€34,387
- Other debts -€25,914
down €25,914 (-2.8%), from €937,088 to €911,174
- Profit (loss) carried forward -€11,637
down €11,637 (-17.7%), from -€65,781 to -€77,418
- Staff costs +€1,048
up €1,048 (+6.3%), from €16,614 to €17,663
- Gross operating margin +€881
up €881 (+1.9%), from €46,353 to €47,233
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 | €900,624 | €863,622 | -€37,002 | -4.1% |
| Fixed assets | 21/28 | €895,405 | €860,153 | -€35,252 | -3.9% |
| Intangible fixed assets | 21 | €2,260 | €794 | -€1,467 | -64.9% |
| Tangible fixed assets | 22/27 | €893,144 | €859,359 | -€33,785 | -3.8% |
| Land and buildings | 22 | €890,871 | €856,484 | -€34,387 | -3.9% |
| Plant, machinery and equipment | 23 | €2,064 | €2,804 | +€740 | +35.9% |
| Furniture and vehicles | 24 | €209 | €71 | -€138 | -66.1% |
| Current assets | 29/58 | €5,219 | €3,469 | -€1,750 | -33.5% |
| Amounts receivable within one year | 40/41 | €3,640 | €5 | -€3,635 | -99.9% |
| Trade receivables | 40 | €3,640 | - | -€3,640 | |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €1,579 | €3,464 | +€1,885 | +119% |
| Total equity and liabilities | 10/49 | €900,624 | €863,622 | -€37,002 | -4.1% |
| Equity | 10/15 | -€45,228 | -€56,865 | -€11,637 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,952 | €1,952 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €92 | €92 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,781 | -€77,418 | -€11,637 | -17.7% |
| Amounts payable | 17/49 | €945,852 | €920,488 | -€25,365 | -2.7% |
| Amounts payable within one year | 42/48 | €945,852 | €920,488 | -€25,365 | -2.7% |
| Trade debts | 44 | €2,096 | €1,480 | -€616 | -29.4% |
| Suppliers | 440/4 | €2,096 | €1,480 | -€616 | -29.4% |
| Advances received on contracts in progress | 46 | - | €188 | +€188 | |
| Taxes, remuneration and social security | 45 | €6,669 | €7,646 | +€977 | +14.7% |
| Taxes | 450/3 | €2,718 | €3,678 | +€960 | +35.3% |
| Remuneration and social security | 454/9 | €3,951 | €3,968 | +€18 | +0.4% |
| Other amounts payable | 47/48 | €937,088 | €911,174 | -€25,914 | -2.8% |
| Non-recurring operating income | 76A | - | €9,917 | +€9,917 | |
| Remuneration, social security and pensions | 62 | €16,614 | €17,663 | +€1,048 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,196 | €36,436 | +€240 | +0.7% |
| Other operating charges | 640/8 | €4,153 | €4,375 | +€222 | +5.3% |
| Gross operating margin | 9900 | €46,353 | €47,233 | +€881 | +1.9% |
| Operating profit (loss) | 9901 | -€10,611 | -€11,240 | -€629 | -5.9% |
| Financial charges | 65/66B | €269 | €304 | +€35 | +13.0% |
| Recurring financial charges | 65 | €269 | €304 | +€35 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,880 | -€11,544 | -€664 | -6.1% |
| Income taxes | 67/77 | €300 | €93 | -€207 | -68.9% |
| Profit (loss) for the period | 9904 | -€11,180 | -€11,637 | -€457 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,180 | -€11,637 | -€457 | -4.1% |
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 14 October 2026 via checked.be.