S.A.M. BVBA: 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. BVBA
Largest movements
- Tangible fixed assets -€29,062
down €29,062 (-3.1%), from €927,011 to €897,948
- Other debts -€236,000
down €236,000 (-47.2%), from €500,000 to €264,000
- Debts after one year +€173,500
up €173,500 (+45.2%), from €383,436 to €556,936
- Current portion of long-term debt +€22,027
up €22,027 (+47.6%), from €46,231 to €68,258
- Financial income -€164,234
down €164,234 (-100%), from €164,234 to €0
- Other operating charges -€164,201
down €164,201 (-99.3%), from €165,319 to €1,118
- Financial charges +€8,264
up €8,264 (+122%), from €6,767 to €15,031
- Gross operating margin +€2,263
up €2,263 (+2.9%), from €76,938 to €79,201
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 | €1,334,066 | €1,288,556 | -€45,510 | -3.4% |
| Fixed assets | 21/28 | €1,317,011 | €1,287,948 | -€29,062 | -2.2% |
| Tangible fixed assets | 22/27 | €927,011 | €897,948 | -€29,062 | -3.1% |
| Land and buildings | 22 | €927,011 | €897,948 | -€29,062 | -3.1% |
| Financial fixed assets | 28 | €390,000 | €390,000 | = | 0.0% |
| Current assets | 29/58 | €17,056 | €608 | -€16,448 | -96.4% |
| Cash at bank and in hand | 54/58 | €4,234 | €608 | -€3,626 | -85.6% |
| Deferred charges and accrued income | 490/1 | €12,822 | €0 | -€12,822 | -100% |
| Total equity and liabilities | 10/49 | €1,334,066 | €1,288,556 | -€45,510 | -3.4% |
| Equity | 10/15 | €384,279 | €381,071 | -€3,208 | -0.8% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €252,075 | €248,522 | -€3,552 | -1.4% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,075 | €35,522 | -€3,552 | -9.1% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,204 | €2,549 | +€344 | +15.6% |
| Provisions and deferred taxes | 16 | €20,120 | €18,291 | -€1,829 | -9.1% |
| Deferred taxes | 168 | €20,120 | €18,291 | -€1,829 | -9.1% |
| Amounts payable | 17/49 | €929,667 | €889,194 | -€40,473 | -4.4% |
| Amounts payable after more than one year | 17 | €383,436 | €556,936 | +€173,500 | +45.2% |
| Financial debts | 170/4 | €383,436 | €556,936 | +€173,500 | +45.2% |
| Amounts payable within one year | 42/48 | €546,231 | €332,258 | -€213,973 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €46,231 | €68,258 | +€22,027 | +47.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €500,000 | €264,000 | -€236,000 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,370 | €29,062 | -€308 | -1.0% |
| Other operating charges | 640/8 | €165,319 | €1,118 | -€164,201 | -99.3% |
| Gross operating margin | 9900 | €76,938 | €79,201 | +€2,263 | +2.9% |
| Operating profit (loss) | 9901 | -€117,751 | €49,021 | +€166,772 | |
| Financial income | 75/76B | €164,234 | €0 | -€164,234 | -100% |
| Recurring financial income | 75 | €164,234 | €0 | -€164,234 | -100% |
| Financial charges | 65/66B | €6,767 | €15,031 | +€8,264 | +122% |
| Recurring financial charges | 65 | €6,767 | €15,031 | +€8,264 | +122% |
| Profit (loss) for the period before taxes | 9903 | €39,716 | €33,990 | -€5,726 | -14.4% |
| Transfer from deferred taxes | 780 | €1,829 | €1,829 | = | 0.0% |
| Income taxes | 67/77 | -€28 | €27 | +€54 | |
| Profit (loss) for the period | 9904 | €41,573 | €35,792 | -€5,780 | -13.9% |
| Transfer from tax-exempt reserves | 789 | €3,552 | €3,552 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,125 | €39,344 | -€5,780 | -12.8% |
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 31 October 2026 via checked.be.