SAM Belgium: 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 Belgium
Largest movements
- Tangible fixed assets +€139,566
up €139,566 (+170%), from €82,287 to €221,853
of which Leasing and similar rights: +€148,950
- Receivables within one year +€21,942
up €21,942 (+83.1%), from €26,410 to €48,352
of which Trade receivables: +€22,006
- Cash +€20,711
up €20,711 (+27.0%), from €76,627 to €97,338
mainly Debts after one year (+€105,587) and Depreciation (+€37,773)
- Intangible fixed assets -€4,879
down €4,879 (-24.5%), from €19,939 to €15,059
- Debts after one year +€105,587
up €105,587 (+204%), from €51,825 to €157,412
- Current portion of long-term debt +€31,477
up €31,477 (+241%), from €13,080 to €44,556
- Reserves +€22,633
up €22,633 (+64.6%), from €35,039 to €57,671
- Tax, wage and social debts +€16,845
up €16,845 (+29.4%), from €57,258 to €74,103
of which Remuneration and social security: +€10,495
- Gross operating margin +€191,445
up €191,445 (+69.9%), from €273,838 to €465,283
- Staff costs +€190,136
up €190,136 (+93.7%), from €202,958 to €393,094
- Depreciation +€22,722
up €22,722 (+151%), from €15,051 to €37,773
- Taxes -€11,290
down €11,290 (-81.4%), from €13,862 to €2,572
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 | €241,159 | €419,757 | +€178,598 | +74.1% |
| Fixed assets | 21/28 | €135,225 | €269,912 | +€134,687 | +99.6% |
| Intangible fixed assets | 21 | €19,939 | €15,059 | -€4,879 | -24.5% |
| Tangible fixed assets | 22/27 | €82,287 | €221,853 | +€139,566 | +170% |
| Furniture and vehicles | 24 | €12,173 | €2,789 | -€9,384 | -77.1% |
| Leasing and similar rights | 25 | €70,114 | €219,064 | +€148,950 | +212% |
| Financial fixed assets | 28 | €33,000 | €33,000 | = | 0.0% |
| Current assets | 29/58 | €105,933 | €149,845 | +€43,912 | +41.5% |
| Amounts receivable within one year | 40/41 | €26,410 | €48,352 | +€21,942 | +83.1% |
| Trade receivables | 40 | €26,307 | €48,312 | +€22,006 | +83.6% |
| Other amounts receivable | 41 | €103 | €40 | -€63 | -61.3% |
| Cash at bank and in hand | 54/58 | €76,627 | €97,338 | +€20,711 | +27.0% |
| Deferred charges and accrued income | 490/1 | €2,897 | €4,155 | +€1,258 | +43.4% |
| Total equity and liabilities | 10/49 | €241,159 | €419,757 | +€178,598 | +74.1% |
| Equity | 10/15 | €107,033 | €128,832 | +€21,800 | +20.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,039 | €57,671 | +€22,633 | +64.6% |
| Distributable reserves | 133 | €35,039 | €57,671 | +€22,633 | +64.6% |
| Profit (loss) carried forward | 14 | €61,994 | €61,161 | -€833 | -1.3% |
| Amounts payable | 17/49 | €134,126 | €290,925 | +€156,799 | +117% |
| Amounts payable after more than one year | 17 | €51,825 | €157,412 | +€105,587 | +204% |
| Financial debts | 170/4 | €51,825 | €157,412 | +€105,587 | +204% |
| Amounts payable within one year | 42/48 | €82,301 | €133,513 | +€51,212 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €13,080 | €44,556 | +€31,477 | +241% |
| Trade debts | 44 | €9,307 | €12,125 | +€2,818 | +30.3% |
| Suppliers | 440/4 | €9,307 | €12,125 | +€2,818 | +30.3% |
| Taxes, remuneration and social security | 45 | €57,258 | €74,103 | +€16,845 | +29.4% |
| Taxes | 450/3 | €21,291 | €27,641 | +€6,350 | +29.8% |
| Remuneration and social security | 454/9 | €35,968 | €46,462 | +€10,495 | +29.2% |
| Other amounts payable | 47/48 | €2,656 | €2,728 | +€72 | +2.7% |
| Non-recurring operating income | 76A | - | €930 | +€930 | |
| Remuneration, social security and pensions | 62 | €202,958 | €393,094 | +€190,136 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,051 | €37,773 | +€22,722 | +151% |
| Other operating charges | 640/8 | €4,978 | €1,707 | -€3,272 | -65.7% |
| Non-recurring operating charges | 66A | - | €364 | +€364 | |
| Gross operating margin | 9900 | €273,838 | €465,283 | +€191,445 | +69.9% |
| Operating profit (loss) | 9901 | €50,850 | €32,344 | -€18,505 | -36.4% |
| Financial income | 75/76B | €1,479 | €413 | -€1,066 | -72.1% |
| Recurring financial income | 75 | €1,479 | €413 | -€1,066 | -72.1% |
| Financial charges | 65/66B | €3,428 | €7,553 | +€4,124 | +120% |
| Recurring financial charges | 65 | €3,428 | €7,553 | +€4,124 | +120% |
| Profit (loss) for the period before taxes | 9903 | €48,901 | €25,204 | -€23,696 | -48.5% |
| Income taxes | 67/77 | €13,862 | €2,572 | -€11,290 | -81.4% |
| Profit (loss) for the period | 9904 | €35,039 | €22,633 | -€12,406 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,039 | €22,633 | -€12,406 | -35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.