Sademed: what changed
Two fiscal 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.
Sademed
Largest movements
- Receivables within one year -€15,885
down €15,885 (-43.0%), from €36,926 to €21,041
of which Trade receivables: -€17,797
- Cash +€13,542
up €13,542 (+6.6%), from €203,922 to €217,463
mainly Receivables within one year (+€15,885)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,985
down €6,985 (-38.6%), from €18,116 to €11,132
- Taxes -€932
down €932 (-70.7%), from €1,319 to €386
- Other operating charges +€256
up €256 (+2.2%), from €11,539 to €11,795
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 | €336,772 | €334,428 | -€2,343 | -0.7% |
| Fixed assets | 21/28 | €95,924 | €95,924 | = | 0.0% |
| Tangible fixed assets | 22/27 | €95,800 | €95,800 | = | 0.0% |
| Land and buildings | 22 | €95,800 | €95,800 | = | 0.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €240,848 | €238,504 | -€2,343 | -1.0% |
| Amounts receivable within one year | 40/41 | €36,926 | €21,041 | -€15,885 | -43.0% |
| Trade receivables | 40 | €36,578 | €18,781 | -€17,797 | -48.7% |
| Other amounts receivable | 41 | €348 | €2,260 | +€1,912 | +550.0% |
| Cash at bank and in hand | 54/58 | €203,922 | €217,463 | +€13,542 | +6.6% |
| Total equity and liabilities | 10/49 | €336,772 | €334,428 | -€2,343 | -0.7% |
| Equity | 10/15 | €331,156 | €329,781 | -€1,375 | -0.4% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €124,503 | €124,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,424 | €38,424 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Other | 1319 | €27,268 | €27,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,966 | €3,966 | = | 0.0% |
| Distributable reserves | 133 | €82,113 | €82,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,102 | €93,726 | -€1,375 | -1.4% |
| Amounts payable | 17/49 | €5,615 | €4,647 | -€968 | -17.2% |
| Amounts payable within one year | 42/48 | €5,615 | €4,647 | -€968 | -17.2% |
| Trade debts | 44 | €4,288 | €3,320 | -€968 | -22.6% |
| Suppliers | 440/4 | €4,288 | €3,320 | -€968 | -22.6% |
| Taxes, remuneration and social security | 45 | €1,327 | €1,327 | = | 0.0% |
| Taxes | 450/3 | €1,327 | €1,327 | = | 0.0% |
| Other operating charges | 640/8 | €11,539 | €11,795 | +€256 | +2.2% |
| Gross operating margin | 9900 | €18,116 | €11,132 | -€6,985 | -38.6% |
| Operating profit (loss) | 9901 | €6,577 | -€663 | -€7,241 | |
| Financial charges | 65/66B | €320 | €325 | +€5 | +1.7% |
| Recurring financial charges | 65 | €320 | €325 | +€5 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €6,257 | -€989 | -€7,246 | |
| Income taxes | 67/77 | €1,319 | €386 | -€932 | -70.7% |
| Profit (loss) for the period | 9904 | €4,938 | -€1,375 | -€6,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,938 | -€1,375 | -€6,314 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.