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 +€6,495
up €6,495 (+48.8%), from €13,320 to €19,815
mainly Depreciation (+€21,221) and Net result for the year (+€20,981)
- Debts after one year -€22,677
down €22,677 (-7.8%), from €291,784 to €269,106
of which Financial debts: -€22,677
- Profit (loss) carried forward +€20,981
up €20,981 (+106.5%), from €19,698 to €40,678
- Tax, wage and social debts +€5,661
up €5,661 (+306.1%), from €1,849 to €7,510
- Gross operating margin +€12,597
up €12,597 (+26.8%), from €47,084 to €59,682
- Taxes +€7,153
up €7,153 (+1788.1%), from €400 to €7,553
- Depreciation +€1,809
up €1,809 (+9.3%), from €19,412 to €21,221
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 | €380,314 | €384,702 | +€4,388 | +1.2% |
| Fixed assets | 21/28 | €344,402 | €343,894 | -€508 | -0.1% |
| Tangible fixed assets | 22/27 | €344,402 | €343,894 | -€508 | -0.1% |
| Land and buildings | 22 | €342,213 | €324,044 | -€18,169 | -5.3% |
| Plant, machinery and equipment | 23 | €2,189 | €19,850 | +€17,661 | +806.9% |
| Current assets | 29/58 | €35,912 | €40,808 | +€4,896 | +13.6% |
| Amounts receivable within one year | 40/41 | €21,836 | €19,637 | -€2,199 | -10.1% |
| Trade receivables | 40 | €17,614 | €17,614 | = | 0.0% |
| Other amounts receivable | 41 | €4,222 | €2,024 | -€2,199 | -52.1% |
| Cash at bank and in hand | 54/58 | €13,320 | €19,815 | +€6,495 | +48.8% |
| Deferred charges and accrued income | 490/1 | €756 | €1,355 | +€599 | +79.2% |
| Total equity and liabilities | 10/49 | €380,314 | €384,702 | +€4,388 | +1.2% |
| Equity | 10/15 | €40,158 | €61,138 | +€20,981 | +52.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,698 | €40,678 | +€20,981 | +106.5% |
| Amounts payable | 17/49 | €340,156 | €323,564 | -€16,592 | -4.9% |
| Amounts payable after more than one year | 17 | €291,784 | €269,106 | -€22,677 | -7.8% |
| Financial debts | 170/4 | €229,284 | €206,606 | -€22,677 | -9.9% |
| Other amounts payable | 178/9 | €62,500 | €62,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,307 | €54,392 | +€6,085 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €22,253 | €22,677 | +€424 | +1.9% |
| Taxes, remuneration and social security | 45 | €1,849 | €7,510 | +€5,661 | +306.1% |
| Taxes | 450/3 | €1,849 | €7,510 | +€5,661 | +306.1% |
| Other amounts payable | 47/48 | €24,205 | €24,205 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €65 | €65 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,412 | €21,221 | +€1,809 | +9.3% |
| Other operating charges | 640/8 | €4,203 | €4,515 | +€313 | +7.4% |
| Gross operating margin | 9900 | €47,084 | €59,682 | +€12,597 | +26.8% |
| Operating profit (loss) | 9901 | €23,470 | €33,945 | +€10,475 | +44.6% |
| Financial income | 75/76B | €183 | - | -€183 | |
| Recurring financial income | 75 | €183 | - | -€183 | |
| Financial charges | 65/66B | €5,859 | €5,412 | -€448 | -7.6% |
| Recurring financial charges | 65 | €5,859 | €5,412 | -€448 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €17,794 | €28,533 | +€10,739 | +60.4% |
| Income taxes | 67/77 | €400 | €7,553 | +€7,153 | +1788.1% |
| Profit (loss) for the period | 9904 | €17,394 | €20,981 | +€3,587 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,394 | €20,981 | +€3,587 | +20.6% |
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 12 October 2026 via checked.be.