SAHMA II: 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.
SAHMA II
Largest movements
- Cash -€9,022
down €9,022 (-98.9%), from €9,127 to €105
mainly Net result for the year (-€17,312)
- Profit (loss) carried forward -€17,312
down €17,312 (-44.0%), from -€39,381 to -€56,693
- Other debts +€8,100
up €8,100 (+2.4%), from €333,364 to €341,464
- Financial charges -€6,130
down €6,130 (-27.9%), from €21,965 to €15,835
- Gross operating margin +€2,160
up €2,160 (+74.2%), from -€2,910 to -€750
- Other operating charges +€48
up €48 (+7.0%), from €680 to €727
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 | €600,183 | €591,161 | -€9,022 | -1.5% |
| Fixed assets | 21/28 | €591,056 | €591,056 | = | 0.0% |
| Tangible fixed assets | 22/27 | €591,056 | €591,056 | = | 0.0% |
| Land and buildings | 22 | €540,973 | €540,973 | = | 0.0% |
| Assets under construction and advance payments | 27 | €50,083 | €50,083 | = | 0.0% |
| Current assets | 29/58 | €9,127 | €105 | -€9,022 | -98.9% |
| Cash at bank and in hand | 54/58 | €9,127 | €105 | -€9,022 | -98.9% |
| Total equity and liabilities | 10/49 | €600,183 | €591,161 | -€9,022 | -1.5% |
| Equity | 10/15 | -€33,181 | -€50,493 | -€17,312 | -52.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€39,381 | -€56,693 | -€17,312 | -44.0% |
| Amounts payable | 17/49 | €633,364 | €641,654 | +€8,290 | +1.3% |
| Amounts payable within one year | 42/48 | €633,364 | €641,654 | +€8,290 | +1.3% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | - | €90 | +€90 | |
| Suppliers | 440/4 | - | €90 | +€90 | |
| Taxes, remuneration and social security | 45 | - | €100 | +€100 | |
| Taxes | 450/3 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | €333,364 | €341,464 | +€8,100 | +2.4% |
| Other operating charges | 640/8 | €680 | €727 | +€48 | +7.0% |
| Gross operating margin | 9900 | -€2,910 | -€750 | +€2,160 | +74.2% |
| Operating profit (loss) | 9901 | -€3,589 | -€1,477 | +€2,112 | +58.8% |
| Financial charges | 65/66B | €21,965 | €15,835 | -€6,130 | -27.9% |
| Recurring financial charges | 65 | €21,965 | €15,835 | -€6,130 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,554 | -€17,312 | +€8,242 | +32.3% |
| Profit (loss) for the period | 9904 | -€25,554 | -€17,312 | +€8,242 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,554 | -€17,312 | +€8,242 | +32.3% |
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 30 October 2026 via checked.be.