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 -€49,369
down €49,369 (-28.8%), from €171,692 to €122,323
mainly Receivables within one year (-€38,102) and Net result for the year (-€9,019)
- Receivables within one year +€38,102
up €38,102 (+102%), from €37,505 to €75,607
of which Other amounts receivable: +€24,482
- Profit (loss) carried forward -€7,159
down €7,159, from €606 to -€6,554
- Other debts -€4,149
down €4,149 (-9.4%), from €44,288 to €40,140
- Staff costs +€35,110
up €35,110 (+45.0%), from €78,032 to €113,141
- Taxes -€7,890
down €7,890 (-96.9%), from €8,146 to €256
- Gross operating margin +€5,785
up €5,785 (+5.4%), from €106,709 to €112,494
- Depreciation +€2,024
up €2,024 (+72.1%), from €2,808 to €4,832
- Other operating charges +€1,287
up €1,287 (+88.6%), from €1,452 to €2,739
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 | €223,695 | €211,934 | -€11,760 | -5.3% |
| Fixed assets | 21/28 | €13,258 | €13,134 | -€124 | -0.9% |
| Tangible fixed assets | 22/27 | €11,695 | €11,571 | -€124 | -1.1% |
| Plant, machinery and equipment | 23 | €3,704 | €1,400 | -€2,304 | -62.2% |
| Furniture and vehicles | 24 | €7,991 | €10,171 | +€2,180 | +27.3% |
| Financial fixed assets | 28 | €1,563 | €1,563 | = | 0.0% |
| Current assets | 29/58 | €210,437 | €198,800 | -€11,636 | -5.5% |
| Amounts receivable within one year | 40/41 | €37,505 | €75,607 | +€38,102 | +102% |
| Trade receivables | 40 | €36,325 | €49,945 | +€13,620 | +37.5% |
| Other amounts receivable | 41 | €1,180 | €25,662 | +€24,482 | +2,075% |
| Cash at bank and in hand | 54/58 | €171,692 | €122,323 | -€49,369 | -28.8% |
| Deferred charges and accrued income | 490/1 | €1,240 | €870 | -€369 | -29.8% |
| Total equity and liabilities | 10/49 | €223,695 | €211,934 | -€11,760 | -5.3% |
| Equity | 10/15 | €165,907 | €156,888 | -€9,019 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,102 | €157,242 | -€1,860 | -1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €159,102 | €157,242 | -€1,860 | -1.2% |
| Profit (loss) carried forward | 14 | €606 | -€6,554 | -€7,159 | |
| Amounts payable | 17/49 | €57,787 | €55,046 | -€2,741 | -4.7% |
| Amounts payable within one year | 42/48 | €57,004 | €55,046 | -€1,957 | -3.4% |
| Trade debts | 44 | €8,972 | €9,507 | +€535 | +6.0% |
| Suppliers | 440/4 | €8,972 | €9,507 | +€535 | +6.0% |
| Taxes, remuneration and social security | 45 | €3,743 | €5,400 | +€1,656 | +44.2% |
| Taxes | 450/3 | €3,743 | €764 | -€2,980 | -79.6% |
| Remuneration and social security | 454/9 | - | €4,636 | +€4,636 | |
| Other amounts payable | 47/48 | €44,288 | €40,140 | -€4,149 | -9.4% |
| Accrued charges and deferred income | 492/3 | €784 | €0 | -€784 | -100% |
| Remuneration, social security and pensions | 62 | €78,032 | €113,141 | +€35,110 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €4,832 | +€2,024 | +72.1% |
| Other operating charges | 640/8 | €1,452 | €2,739 | +€1,287 | +88.6% |
| Non-recurring operating charges | 66A | €1,172 | €869 | -€302 | -25.8% |
| Gross operating margin | 9900 | €106,709 | €112,494 | +€5,785 | +5.4% |
| Operating profit (loss) | 9901 | €23,246 | -€9,087 | -€32,333 | |
| Financial income | 75/76B | €639 | €700 | +€61 | +9.5% |
| Recurring financial income | 75 | €639 | €700 | +€61 | +9.5% |
| Financial charges | 65/66B | €1,505 | €376 | -€1,129 | -75.0% |
| Recurring financial charges | 65 | €1,505 | €376 | -€1,129 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €22,380 | -€8,763 | -€31,143 | |
| Income taxes | 67/77 | €8,146 | €256 | -€7,890 | -96.9% |
| Profit (loss) for the period | 9904 | €14,234 | -€9,019 | -€23,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,234 | -€9,019 | -€23,254 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.