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 -€18,403
down €18,403 (-20.8%), from €88,355 to €69,952
mainly Contributions, distributions and other (-€30,500) and Net result for the year (-€10,328)
- Tangible fixed assets -€16,376
down €16,376 (-13.2%), from €123,836 to €107,460
of which Furniture and vehicles: -€14,530
- Receivables within one year -€10,000
no longer reported in 2026 (was €10,000)
- Reserves -€30,500
down €30,500 (-14.5%), from €209,683 to €179,183
of which Distributable reserves: -€30,500
- Profit (loss) carried forward -€10,328
down €10,328 (-111%), from -€9,342 to -€19,670
- Current portion of long-term debt -€3,951
no longer reported in 2026 (was €3,951)
- Other operating charges -€4,621
down €4,621 (-44.7%), from €10,348 to €5,726
- Gross operating margin +€2,583
up €2,583 (+26.6%), from €9,719 to €12,302
- Staff costs -€349
no longer reported in 2026 (was €349)
- Financial charges +€348
up €348 (+194%), from €180 to €528
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,191 | €177,412 | -€44,779 | -20.2% |
| Fixed assets | 21/28 | €123,836 | €107,460 | -€16,376 | -13.2% |
| Tangible fixed assets | 22/27 | €123,836 | €107,460 | -€16,376 | -13.2% |
| Land and buildings | 22 | €74,940 | €74,262 | -€678 | -0.9% |
| Plant, machinery and equipment | 23 | €2,447 | €1,279 | -€1,167 | -47.7% |
| Furniture and vehicles | 24 | €46,449 | €31,919 | -€14,530 | -31.3% |
| Current assets | 29/58 | €98,355 | €69,952 | -€28,403 | -28.9% |
| Amounts receivable within one year | 40/41 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €88,355 | €69,952 | -€18,403 | -20.8% |
| Total equity and liabilities | 10/49 | €222,191 | €177,412 | -€44,779 | -20.2% |
| Equity | 10/15 | €217,008 | €176,180 | -€40,828 | -18.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €209,683 | €179,183 | -€30,500 | -14.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €203,483 | €172,983 | -€30,500 | -15.0% |
| Profit (loss) carried forward | 14 | -€9,342 | -€19,670 | -€10,328 | -111% |
| Amounts payable | 17/49 | €5,183 | €1,232 | -€3,951 | -76.2% |
| Amounts payable within one year | 42/48 | €5,183 | €1,232 | -€3,951 | -76.2% |
| Current portion of amounts payable after more than one year | 42 | €3,951 | - | -€3,951 | |
| Other amounts payable | 47/48 | €1,232 | €1,232 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €349 | - | -€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,376 | €16,376 | = | 0.0% |
| Other operating charges | 640/8 | €10,348 | €5,726 | -€4,621 | -44.7% |
| Gross operating margin | 9900 | €9,719 | €12,302 | +€2,583 | +26.6% |
| Operating profit (loss) | 9901 | -€17,354 | -€9,800 | +€7,554 | +43.5% |
| Financial charges | 65/66B | €180 | €528 | +€348 | +194% |
| Recurring financial charges | 65 | €180 | €528 | +€348 | +194% |
| Profit (loss) for the period before taxes | 9903 | -€17,534 | -€10,328 | +€7,206 | +41.1% |
| Profit (loss) for the period | 9904 | -€17,534 | -€10,328 | +€7,206 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,534 | -€10,328 | +€7,206 | +41.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.