HENRI SAMAIN: 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.
HENRI SAMAIN
Largest movements
- Current investments -€120,630
down €120,630 (-23.5%), from €513,694 to €393,064
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets -€6,516
down €6,516 (-18.9%), from €34,530 to €28,014
of which Furniture and vehicles: -€6,096
- Other debts -€148,500
no longer reported in 2025 (was €148,500)
- Reserves +€28,911
up €28,911 (+6.3%), from €459,856 to €488,767
of which Distributable reserves: +€28,911
- Tax, wage and social debts -€14,850
down €14,850 (-99.9%), from €14,860 to €11
- Depreciation +€6,521
up €6,521 (+730%), from €893 to €7,415
- Taxes -€5,656
down €5,656 (-26.5%), from €21,325 to €15,670
- Financial income -€4,016
down €4,016 (-38.7%), from €10,380 to €6,364
- Gross operating margin -€3,443
down €3,443 (-5.7%), from €60,098 to €56,655
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 | €636,670 | €501,596 | -€135,074 | -21.2% |
| Fixed assets | 21/28 | €34,530 | €28,014 | -€6,516 | -18.9% |
| Tangible fixed assets | 22/27 | €34,530 | €28,014 | -€6,516 | -18.9% |
| Plant, machinery and equipment | 23 | €579 | €159 | -€420 | -72.5% |
| Furniture and vehicles | 24 | €33,950 | €27,854 | -€6,096 | -18.0% |
| Current assets | 29/58 | €602,140 | €473,582 | -€128,558 | -21.4% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €5,543 | €8,241 | +€2,698 | +48.7% |
| Trade receivables | 40 | €1,685 | €3,015 | +€1,330 | +79.0% |
| Other amounts receivable | 41 | €3,858 | €5,226 | +€1,368 | +35.5% |
| Current investments | 50/53 | €513,694 | €393,064 | -€120,630 | -23.5% |
| Cash at bank and in hand | 54/58 | €69,674 | €71,283 | +€1,609 | +2.3% |
| Deferred charges and accrued income | 490/1 | €3,229 | €993 | -€2,236 | -69.2% |
| Total equity and liabilities | 10/49 | €636,670 | €501,596 | -€135,074 | -21.2% |
| Equity | 10/15 | €472,256 | €501,167 | +€28,911 | +6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €459,856 | €488,767 | +€28,911 | +6.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €457,997 | €486,908 | +€28,911 | +6.3% |
| Amounts payable | 17/49 | €164,414 | €429 | -€163,985 | -99.7% |
| Amounts payable within one year | 42/48 | €164,414 | €429 | -€163,985 | -99.7% |
| Trade debts | 44 | €1,054 | €418 | -€636 | -60.3% |
| Suppliers | 440/4 | €1,054 | €418 | -€636 | -60.3% |
| Taxes, remuneration and social security | 45 | €14,860 | €11 | -€14,850 | -99.9% |
| Taxes | 450/3 | €14,860 | €11 | -€14,850 | -99.9% |
| Other amounts payable | 47/48 | €148,500 | - | -€148,500 | |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €893 | €7,415 | +€6,521 | +730% |
| Other operating charges | 640/8 | €1,474 | €983 | -€490 | -33.3% |
| Non-recurring operating charges | 66A | - | €9,550 | +€9,550 | |
| Gross operating margin | 9900 | €60,098 | €56,655 | -€3,443 | -5.7% |
| Operating profit (loss) | 9901 | €57,731 | €38,707 | -€19,024 | -33.0% |
| Financial income | 75/76B | €10,380 | €6,364 | -€4,016 | -38.7% |
| Recurring financial income | 75 | €10,380 | €6,364 | -€4,016 | -38.7% |
| Financial charges | 65/66B | €232 | €490 | +€258 | +112% |
| Recurring financial charges | 65 | €232 | €490 | +€258 | +112% |
| Profit (loss) for the period before taxes | 9903 | €67,879 | €44,580 | -€23,299 | -34.3% |
| Income taxes | 67/77 | €21,325 | €15,670 | -€5,656 | -26.5% |
| Profit (loss) for the period | 9904 | €46,554 | €28,911 | -€17,643 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,554 | €28,911 | -€17,643 | -37.9% |
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 28 October 2026 via checked.be.