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
- Cash +€90,926
up €90,926 (+41.4%), from €219,551 to €310,477
mainly Net result for the year (+€87,934) and Depreciation (+€44,766)
- Tangible fixed assets -€14,310
down €14,310 (-4.7%), from €305,602 to €291,291
of which Plant, machinery and equipment: -€15,297
- Reserves +€87,934
up €87,934 (+15.3%), from €574,908 to €662,842
of which Distributable reserves: +€87,934
- Other debts +€22,802
up €22,802 (+8.3%), from €274,438 to €297,240
- Trade debts -€17,098
down €17,098 (-65.9%), from €25,947 to €8,849
- Current portion of long-term debt -€15,173
down €15,173 (-74.1%), from €20,490 to €5,317
- Gross operating margin +€63,472
up €63,472 (+36.3%), from €174,657 to €238,129
- Financial charges +€7,243
up €7,243 (+58.5%), from €12,371 to €19,614
- Staff costs +€3,935
up €3,935 (+8.6%), from €45,630 to €49,565
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,767 | €1,015,184 | +€67,417 | +7.1% |
| Fixed assets | 21/28 | €305,897 | €291,586 | -€14,310 | -4.7% |
| Tangible fixed assets | 22/27 | €305,602 | €291,291 | -€14,310 | -4.7% |
| Land and buildings | 22 | €242,971 | €251,648 | +€8,677 | +3.6% |
| Plant, machinery and equipment | 23 | €39,611 | €24,314 | -€15,297 | -38.6% |
| Furniture and vehicles | 24 | €23,020 | €15,330 | -€7,690 | -33.4% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €641,870 | €723,598 | +€81,728 | +12.7% |
| Amounts receivable after more than one year | 29 | €390,000 | €390,000 | = | 0.0% |
| Other amounts receivable | 291 | €390,000 | €390,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,879 | €17,144 | +€1,265 | +8.0% |
| Stocks | 30/36 | €15,879 | €17,144 | +€1,265 | +8.0% |
| Amounts receivable within one year | 40/41 | €9,716 | €1,191 | -€8,525 | -87.7% |
| Trade receivables | 40 | €4,738 | €134 | -€4,605 | -97.2% |
| Other amounts receivable | 41 | €4,978 | €1,058 | -€3,920 | -78.8% |
| Cash at bank and in hand | 54/58 | €219,551 | €310,477 | +€90,926 | +41.4% |
| Deferred charges and accrued income | 490/1 | €6,725 | €4,787 | -€1,938 | -28.8% |
| Total equity and liabilities | 10/49 | €947,767 | €1,015,184 | +€67,417 | +7.1% |
| Equity | 10/15 | €593,508 | €681,442 | +€87,934 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €574,908 | €662,842 | +€87,934 | +15.3% |
| 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 | €69 | €69 | = | 0.0% |
| Distributable reserves | 133 | €572,979 | €660,913 | +€87,934 | +15.3% |
| Amounts payable | 17/49 | €354,259 | €333,743 | -€20,517 | -5.8% |
| Amounts payable after more than one year | 17 | €5,317 | €0 | -€5,317 | -100% |
| Financial debts | 170/4 | €5,317 | €0 | -€5,317 | -100% |
| Amounts payable within one year | 42/48 | €343,925 | €333,480 | -€10,445 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €20,490 | €5,317 | -€15,173 | -74.1% |
| Trade debts | 44 | €25,947 | €8,849 | -€17,098 | -65.9% |
| Suppliers | 440/4 | €25,947 | €8,849 | -€17,098 | -65.9% |
| Taxes, remuneration and social security | 45 | €23,050 | €22,075 | -€975 | -4.2% |
| Taxes | 450/3 | €9,831 | €11,911 | +€2,080 | +21.2% |
| Remuneration and social security | 454/9 | €13,219 | €10,164 | -€3,056 | -23.1% |
| Other amounts payable | 47/48 | €274,438 | €297,240 | +€22,802 | +8.3% |
| Accrued charges and deferred income | 492/3 | €5,018 | €263 | -€4,756 | -94.8% |
| Remuneration, social security and pensions | 62 | €45,630 | €49,565 | +€3,935 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,491 | €44,766 | -€1,725 | -3.7% |
| Other operating charges | 640/8 | €2,690 | €3,861 | +€1,171 | +43.5% |
| Gross operating margin | 9900 | €174,657 | €238,129 | +€63,472 | +36.3% |
| Operating profit (loss) | 9901 | €79,846 | €139,937 | +€60,091 | +75.3% |
| Financial income | 75/76B | €47 | €110 | +€63 | +134% |
| Recurring financial income | 75 | €47 | €110 | +€63 | +134% |
| Financial charges | 65/66B | €12,371 | €19,614 | +€7,243 | +58.5% |
| Recurring financial charges | 65 | €12,371 | €19,614 | +€7,243 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €67,522 | €120,434 | +€52,912 | +78.4% |
| Income taxes | 67/77 | €30,401 | €32,500 | +€2,099 | +6.9% |
| Profit (loss) for the period | 9904 | €37,121 | €87,934 | +€50,813 | +137% |
| Transfer from tax-exempt reserves | 789 | €56,341 | €0 | -€56,341 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €93,463 | €87,934 | -€5,529 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.