S.A.M.: 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.
S.A.M.
Largest movements
- Receivables within one year +€1,544
new in 2025: €1,544
of which Trade receivables: +€1,191
- Cash +€1,250
up €1,250 (+180%), from €696 to €1,946
mainly Other debts (+€7,276) and Trade debts (+€1,411)
- Tangible fixed assets -€524
no longer reported in 2025 (was €524)
- Other debts +€7,276
up €7,276 (+4,850%), from €150 to €7,426
- Profit (loss) carried forward -€4,494
down €4,494 (-23.3%), from -€19,277 to -€23,771
- Tax, wage and social debts -€1,923
no longer reported in 2025 (was €1,923)
of which Taxes: -€1,072
- Trade debts +€1,411
up €1,411 (+161%), from €874 to €2,285
- Gross operating margin -€3,907
down €3,907, from €409 to -€3,497
- Staff costs -€685
down €685 (-85.6%), from €800 to €115
- Other operating charges -€391
down €391 (-70.8%), from €553 to €162
- Financial charges +€36
up €36 (+22.2%), from €160 to €196
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 | €2,670 | €4,940 | +€2,270 | +85.0% |
| Fixed assets | 21/28 | €524 | - | -€524 | |
| Tangible fixed assets | 22/27 | €524 | - | -€524 | |
| Plant, machinery and equipment | 23 | €524 | - | -€524 | |
| Current assets | 29/58 | €2,145 | €4,940 | +€2,794 | +130% |
| Amounts receivable within one year | 40/41 | - | €1,544 | +€1,544 | |
| Trade receivables | 40 | - | €1,191 | +€1,191 | |
| Other amounts receivable | 41 | - | €353 | +€353 | |
| Current investments | 50/53 | €1,450 | €1,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €696 | €1,946 | +€1,250 | +180% |
| Total equity and liabilities | 10/49 | €2,670 | €4,940 | +€2,270 | +85.0% |
| Equity | 10/15 | -€277 | -€4,771 | -€4,494 | -1,621% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,277 | -€23,771 | -€4,494 | -23.3% |
| Amounts payable | 17/49 | €2,947 | €9,711 | +€6,764 | +230% |
| Amounts payable within one year | 42/48 | €2,947 | €9,711 | +€6,764 | +230% |
| Trade debts | 44 | €874 | €2,285 | +€1,411 | +161% |
| Suppliers | 440/4 | €874 | €2,285 | +€1,411 | +161% |
| Taxes, remuneration and social security | 45 | €1,923 | - | -€1,923 | |
| Taxes | 450/3 | €1,072 | - | -€1,072 | |
| Remuneration and social security | 454/9 | €851 | - | -€851 | |
| Other amounts payable | 47/48 | €150 | €7,426 | +€7,276 | +4,850% |
| Remuneration, social security and pensions | 62 | €800 | €115 | -€685 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524 | €524 | +€0 | 0.0% |
| Other operating charges | 640/8 | €553 | €162 | -€391 | -70.8% |
| Gross operating margin | 9900 | €409 | -€3,497 | -€3,907 | |
| Operating profit (loss) | 9901 | -€1,468 | -€4,298 | -€2,830 | -193% |
| Financial charges | 65/66B | €160 | €196 | +€36 | +22.2% |
| Recurring financial charges | 65 | €160 | €196 | +€36 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,629 | -€4,494 | -€2,866 | -176% |
| Profit (loss) for the period | 9904 | -€1,629 | -€4,494 | -€2,866 | -176% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,629 | -€4,494 | -€2,866 | -176% |
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 20 October 2026 via checked.be.