SAM A.Z.: 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 A.Z.
Largest movements
- Tangible fixed assets -€2,895
down €2,895 (-48.9%), from €5,916 to €3,022
- Stocks and contracts +€1,941
up €1,941 (+11.4%), from €17,087 to €19,027
- Cash -€560
down €560 (-25.3%), from €2,209 to €1,649
mainly Trade debts (-€2,429) and Stocks and contracts (-€1,941)
- Trade debts -€2,429
down €2,429 (-65.5%), from €3,708 to €1,278
- Profit (loss) carried forward +€616
up €616 (+5.7%), from €10,826 to €11,442
- Other debts +€548
up €548 (+109%), from €501 to €1,049
- Gross operating margin -€223
down €223 (-4.9%), from €4,528 to €4,304
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 | €33,635 | €32,369 | -€1,265 | -3.8% |
| Fixed assets | 21/28 | €6,296 | €3,402 | -€2,895 | -46.0% |
| Tangible fixed assets | 22/27 | €5,916 | €3,022 | -€2,895 | -48.9% |
| Furniture and vehicles | 24 | €5,916 | €3,022 | -€2,895 | -48.9% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €27,338 | €28,968 | +€1,630 | +6.0% |
| Stocks and contracts in progress | 3 | €17,087 | €19,027 | +€1,941 | +11.4% |
| Stocks | 30/36 | €17,087 | €19,027 | +€1,941 | +11.4% |
| Amounts receivable within one year | 40/41 | €7,165 | €7,403 | +€237 | +3.3% |
| Trade receivables | 40 | - | €688 | +€688 | |
| Other amounts receivable | 41 | €7,165 | €6,715 | -€451 | -6.3% |
| Cash at bank and in hand | 54/58 | €2,209 | €1,649 | -€560 | -25.3% |
| Deferred charges and accrued income | 490/1 | €877 | €889 | +€11 | +1.3% |
| Total equity and liabilities | 10/49 | €33,635 | €32,369 | -€1,265 | -3.8% |
| Equity | 10/15 | €29,426 | €30,042 | +€616 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,826 | €11,442 | +€616 | +5.7% |
| Amounts payable | 17/49 | €4,209 | €2,327 | -€1,882 | -44.7% |
| Amounts payable within one year | 42/48 | €4,209 | €2,327 | -€1,882 | -44.7% |
| Trade debts | 44 | €3,708 | €1,278 | -€2,429 | -65.5% |
| Suppliers | 440/4 | €3,708 | €1,278 | -€2,429 | -65.5% |
| Other amounts payable | 47/48 | €501 | €1,049 | +€548 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,895 | €2,895 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €485 | +€12 | +2.6% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €4,528 | €4,304 | -€223 | -4.9% |
| Operating profit (loss) | 9901 | €1,045 | €925 | -€120 | -11.5% |
| Financial charges | 65/66B | €281 | €308 | +€27 | +9.7% |
| Recurring financial charges | 65 | €281 | €308 | +€27 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €764 | €616 | -€147 | -19.3% |
| Profit (loss) for the period | 9904 | €764 | €616 | -€147 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €764 | €616 | -€147 | -19.3% |
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 19 October 2026 via checked.be.