SAM 4: 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 4
Largest movements
- Stocks and contracts -€125,700
down €125,700 (-86.5%), from €145,300 to €19,600
- Receivables within one year +€70,878
up €70,878 (+755.6%), from €9,380 to €80,258
of which Trade receivables: +€52,057
- Cash +€12,922
up €12,922 (+79.7%), from €16,220 to €29,142
mainly Stocks and contracts (+€125,700) and Net result for the year (+€27,716)
- Advances received -€88,000
no longer reported in 2024 (was €88,000)
- Profit (loss) carried forward +€27,716
up €27,716, from -€15,811 to €11,905
- Trade debts +€21,808
new in 2024: €21,808
- Other debts -€1,774
no longer reported in 2024 (was €1,774)
- Gross operating margin +€32,901
up €32,901, from -€5,061 to €27,839
- Depreciation -€4,199
no longer reported in 2024 (was €4,199)
- Taxes -€969
no longer reported in 2024 (was €969)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,801 | €130,901 | -€41,900 | -24.2% |
| Fixed assets | 21/28 | €1,901 | €1,901 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,901 | €1,901 | = | 0.0% |
| Furniture and vehicles | 24 | €1,901 | €1,901 | = | 0.0% |
| Current assets | 29/58 | €170,900 | €129,000 | -€41,900 | -24.5% |
| Stocks and contracts in progress | 3 | €145,300 | €19,600 | -€125,700 | -86.5% |
| Stocks | 30/36 | €145,300 | €19,600 | -€125,700 | -86.5% |
| Amounts receivable within one year | 40/41 | €9,380 | €80,258 | +€70,878 | +755.6% |
| Trade receivables | 40 | €9,380 | €61,437 | +€52,057 | +555.0% |
| Other amounts receivable | 41 | - | €18,821 | +€18,821 | |
| Cash at bank and in hand | 54/58 | €16,220 | €29,142 | +€12,922 | +79.7% |
| Total equity and liabilities | 10/49 | €172,801 | €130,901 | -€41,900 | -24.2% |
| Equity | 10/15 | €76,809 | €104,525 | +€27,716 | +36.1% |
| Contributions | 10/11 | €92,620 | €92,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,811 | €11,905 | +€27,716 | |
| Amounts payable | 17/49 | €95,992 | €26,376 | -€69,616 | -72.5% |
| Amounts payable within one year | 42/48 | €95,992 | €26,376 | -€69,616 | -72.5% |
| Trade debts | 44 | - | €21,808 | +€21,808 | |
| Suppliers | 440/4 | - | €21,808 | +€21,808 | |
| Advances received on contracts in progress | 46 | €88,000 | - | -€88,000 | |
| Taxes, remuneration and social security | 45 | €6,218 | €4,568 | -€1,650 | -26.5% |
| Taxes | 450/3 | €6,218 | €4,568 | -€1,650 | -26.5% |
| Other amounts payable | 47/48 | €1,774 | - | -€1,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,199 | - | -€4,199 | |
| Gross operating margin | 9900 | -€5,061 | €27,839 | +€32,901 | |
| Operating profit (loss) | 9901 | -€9,260 | €27,839 | +€37,099 | |
| Financial charges | 65/66B | €52 | €124 | +€72 | +138.1% |
| Recurring financial charges | 65 | €52 | €124 | +€72 | +138.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,312 | €27,716 | +€37,028 | |
| Income taxes | 67/77 | €969 | - | -€969 | |
| Profit (loss) for the period | 9904 | -€10,281 | €27,716 | +€37,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,281 | €27,716 | +€37,997 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.