SAM: 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.
SAM
Largest movements
- Cash +€19,950
up €19,950 (+163%), from €12,262 to €32,212
mainly Net result for the year (+€13,379) and Depreciation (+€12,242)
- Tangible fixed assets -€6,516
down €6,516 (-32.6%), from €19,967 to €13,451
of which Furniture and vehicles: -€6,796
- Receivables within one year -€5,857
down €5,857 (-39.4%), from €14,862 to €9,005
of which Other amounts receivable: -€3,414
- Profit (loss) carried forward +€13,379
up €13,379 (+24.4%), from -€54,796 to -€41,417
- Other debts -€4,271
down €4,271 (-22.3%), from €19,164 to €14,893
- Trade debts -€1,577
down €1,577 (-67.7%), from €2,331 to €754
- Gross operating margin +€42,422
up €42,422, from -€16,253 to €26,169
- Purchases and services -€31,299
no longer reported in 2025 (was €31,299)
- Turnover -€11,146
no longer reported in 2025 (was €11,146)
- Depreciation -€5,488
down €5,488 (-31.0%), from €17,730 to €12,242
- Other operating charges -€619
down €619 (-51.3%), from €1,207 to €588
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 | €48,447 | €55,978 | +€7,531 | +15.5% |
| Fixed assets | 21/28 | €21,064 | €14,548 | -€6,516 | -30.9% |
| Tangible fixed assets | 22/27 | €19,967 | €13,451 | -€6,516 | -32.6% |
| Plant, machinery and equipment | 23 | €3,924 | €5,131 | +€1,207 | +30.8% |
| Furniture and vehicles | 24 | €13,977 | €7,181 | -€6,796 | -48.6% |
| Other tangible fixed assets | 26 | €2,066 | €1,139 | -€927 | -44.9% |
| Financial fixed assets | 28 | €1,097 | €1,097 | = | 0.0% |
| Current assets | 29/58 | €27,383 | €41,430 | +€14,047 | +51.3% |
| Amounts receivable within one year | 40/41 | €14,862 | €9,005 | -€5,857 | -39.4% |
| Trade receivables | 40 | €4,983 | €2,540 | -€2,443 | -49.0% |
| Other amounts receivable | 41 | €9,879 | €6,465 | -€3,414 | -34.6% |
| Cash at bank and in hand | 54/58 | €12,262 | €32,212 | +€19,950 | +163% |
| Deferred charges and accrued income | 490/1 | €259 | €213 | -€46 | -17.8% |
| Total equity and liabilities | 10/49 | €48,447 | €55,978 | +€7,531 | +15.5% |
| Equity | 10/15 | €26,952 | €40,331 | +€13,379 | +49.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €6,748 | €6,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €402 | €402 | = | 0.0% |
| Reserves not available under the articles | 1311 | €402 | €402 | = | 0.0% |
| Distributable reserves | 133 | €6,346 | €6,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,796 | -€41,417 | +€13,379 | +24.4% |
| Amounts payable | 17/49 | €21,495 | €15,647 | -€5,848 | -27.2% |
| Amounts payable within one year | 42/48 | €21,495 | €15,647 | -€5,848 | -27.2% |
| Trade debts | 44 | €2,331 | €754 | -€1,577 | -67.7% |
| Suppliers | 440/4 | €2,331 | €754 | -€1,577 | -67.7% |
| Other amounts payable | 47/48 | €19,164 | €14,893 | -€4,271 | -22.3% |
| Turnover | 70 | €11,146 | - | -€11,146 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,299 | - | -€31,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,730 | €12,242 | -€5,488 | -31.0% |
| Other operating charges | 640/8 | €1,207 | €588 | -€619 | -51.3% |
| Gross operating margin | 9900 | -€16,253 | €26,169 | +€42,422 | |
| Operating profit (loss) | 9901 | -€35,190 | €13,339 | +€48,529 | |
| Financial income | 75/76B | €77 | €257 | +€180 | +234% |
| Recurring financial income | 75 | €77 | €257 | +€180 | +234% |
| Financial charges | 65/66B | €202 | €217 | +€15 | +7.4% |
| Recurring financial charges | 65 | €202 | €217 | +€15 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,315 | €13,379 | +€48,694 | |
| Income taxes | 67/77 | €27 | - | -€27 | |
| Profit (loss) for the period | 9904 | -€35,342 | €13,379 | +€48,721 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,342 | €13,379 | +€48,721 |
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 20 October 2026 via checked.be.