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 -€111
down €111 (-9.9%), from €1,118 to €1,007
mainly Net result for the year (-€111)
- Profit (loss) carried forward -€111
down €111 (-0.1%), from -€87,974 to -€88,084
- Gross operating margin +€240
up €240 (+78.5%), from -€306 to -€66
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 | €1,118 | €1,007 | -€111 | -9.9% |
| Current assets | 29/58 | €1,118 | €1,007 | -€111 | -9.9% |
| Cash at bank and in hand | 54/58 | €1,118 | €1,007 | -€111 | -9.9% |
| Total equity and liabilities | 10/49 | €1,118 | €1,007 | -€111 | -9.9% |
| Equity | 10/15 | -€67,523 | -€67,633 | -€111 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,974 | -€88,084 | -€111 | -0.1% |
| Amounts payable | 17/49 | €68,641 | €68,641 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,641 | €68,641 | = | 0.0% |
| Other amounts payable | 47/48 | €68,641 | €68,641 | = | 0.0% |
| Gross operating margin | 9900 | -€306 | -€66 | +€240 | +78.5% |
| Operating profit (loss) | 9901 | -€306 | -€66 | +€240 | +78.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€351 | -€111 | +€240 | +68.4% |
| Profit (loss) for the period | 9904 | -€351 | -€111 | +€240 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€351 | -€111 | +€240 | +68.4% |
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 14 October 2026 via checked.be.