PETER SAMAN: 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.
PETER SAMAN
Largest movements
- Cash +€121,742
up €121,742 (+94.6%), from €128,642 to €250,384
mainly Net result for the year (+€219,839) and Depreciation (+€70,089)
- Tangible fixed assets -€50,679
down €50,679 (-5.7%), from €894,065 to €843,386
of which Land and buildings: -€41,991
- Reserves +€219,839
up €219,839 (+120.2%), from €182,876 to €402,715
- Other debts -€99,279
down €99,279 (-20.5%), from €483,871 to €384,591
- Advances received -€41,479
no longer reported in 2025 (was €41,479)
- Debts after one year -€26,430
down €26,430 (-10.2%), from €258,769 to €232,339
- Tax, wage and social debts +€23,703
up €23,703 (+965.1%), from €2,456 to €26,159
- Gross operating margin +€52,007
up €52,007 (+16.6%), from €312,637 to €364,644
- Taxes +€12,421
up €12,421 (+21.6%), from €57,603 to €70,024
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 | €1,025,726 | €1,098,474 | +€72,748 | +7.1% |
| Fixed assets | 21/28 | €894,115 | €843,436 | -€50,679 | -5.7% |
| Tangible fixed assets | 22/27 | €894,065 | €843,386 | -€50,679 | -5.7% |
| Land and buildings | 22 | €878,070 | €836,079 | -€41,991 | -4.8% |
| Plant, machinery and equipment | 23 | €1,186 | €1,006 | -€180 | -15.2% |
| Furniture and vehicles | 24 | €13,709 | €5,201 | -€8,508 | -62.1% |
| Other tangible fixed assets | 26 | €1,100 | €1,100 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €131,611 | €255,039 | +€123,427 | +93.8% |
| Amounts receivable within one year | 40/41 | €2,209 | €4,014 | +€1,805 | +81.7% |
| Other amounts receivable | 41 | €2,209 | €4,014 | +€1,805 | +81.7% |
| Cash at bank and in hand | 54/58 | €128,642 | €250,384 | +€121,742 | +94.6% |
| Deferred charges and accrued income | 490/1 | €760 | €641 | -€119 | -15.7% |
| Total equity and liabilities | 10/49 | €1,025,726 | €1,098,474 | +€72,748 | +7.1% |
| Equity | 10/15 | €201,476 | €421,315 | +€219,839 | +109.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,876 | €402,715 | +€219,839 | +120.2% |
| Distributable reserves | 133 | €182,876 | €402,715 | +€219,839 | +120.2% |
| Amounts payable | 17/49 | €824,250 | €677,160 | -€147,091 | -17.8% |
| Amounts payable after more than one year | 17 | €258,769 | €232,339 | -€26,430 | -10.2% |
| Financial debts | 170/4 | €258,769 | €232,339 | -€26,430 | -10.2% |
| Amounts payable within one year | 42/48 | €565,481 | €444,821 | -€120,661 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €31,040 | €29,151 | -€1,889 | -6.1% |
| Trade debts | 44 | €6,636 | €4,919 | -€1,717 | -25.9% |
| Suppliers | 440/4 | €6,636 | €4,919 | -€1,717 | -25.9% |
| Advances received on contracts in progress | 46 | €41,479 | - | -€41,479 | |
| Taxes, remuneration and social security | 45 | €2,456 | €26,159 | +€23,703 | +965.1% |
| Taxes | 450/3 | €2,456 | €26,159 | +€23,703 | +965.1% |
| Other amounts payable | 47/48 | €483,871 | €384,591 | -€99,279 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,490 | €70,089 | +€2,600 | +3.9% |
| Other operating charges | 640/8 | €443 | €314 | -€129 | -29.2% |
| Gross operating margin | 9900 | €312,637 | €364,644 | +€52,007 | +16.6% |
| Operating profit (loss) | 9901 | €244,704 | €294,241 | +€49,537 | +20.2% |
| Financial income | 75/76B | €629 | €837 | +€208 | +33.1% |
| Recurring financial income | 75 | €629 | €837 | +€208 | +33.1% |
| Financial charges | 65/66B | €4,854 | €5,216 | +€362 | +7.5% |
| Recurring financial charges | 65 | €4,854 | €5,216 | +€362 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €240,479 | €289,862 | +€49,383 | +20.5% |
| Income taxes | 67/77 | €57,603 | €70,024 | +€12,421 | +21.6% |
| Profit (loss) for the period | 9904 | €182,876 | €219,839 | +€36,963 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €182,876 | €219,839 | +€36,963 | +20.2% |
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 11 October 2026 via checked.be.