SAM-CO: 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-CO
Largest movements
- Cash +€518,951
up €518,951 (+1,596%), from €32,524 to €551,475
mainly Current investments (+€499,737) and Other debts (+€73,235)
- Current investments -€499,737
down €499,737 (-90.8%), from €550,109 to €50,372
- Stocks and contracts -€8,014
no longer reported in 2025 (was €8,014)
- Other debts +€73,235
up €73,235 (+138%), from €53,036 to €126,271
- Reserves -€51,759
down €51,759 (-10.2%), from €508,881 to €457,122
of which Distributable reserves: -€51,759
- Trade debts -€13,337
down €13,337 (-91.0%), from €14,651 to €1,314
- Gross operating margin -€136,679
down €136,679 (-92.8%), from €147,245 to €10,566
- Taxes -€36,294
down €36,294 (-81.3%), from €44,669 to €8,375
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 | €608,877 | €618,224 | +€9,347 | +1.5% |
| Fixed assets | 21/28 | €5,040 | €5,125 | +€85 | +1.7% |
| Tangible fixed assets | 22/27 | €3,040 | €3,125 | +€85 | +2.8% |
| Plant, machinery and equipment | 23 | €394 | €1,625 | +€1,231 | +312% |
| Furniture and vehicles | 24 | €1,677 | €1,298 | -€379 | -22.6% |
| Other tangible fixed assets | 26 | €969 | €202 | -€767 | -79.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €603,837 | €613,099 | +€9,262 | +1.5% |
| Stocks and contracts in progress | 3 | €8,014 | - | -€8,014 | |
| Stocks | 30/36 | €8,014 | - | -€8,014 | |
| Amounts receivable within one year | 40/41 | €9,200 | €9,002 | -€198 | -2.2% |
| Trade receivables | 40 | €8,078 | - | -€8,078 | |
| Other amounts receivable | 41 | €1,122 | €9,002 | +€7,880 | +702% |
| Current investments | 50/53 | €550,109 | €50,372 | -€499,737 | -90.8% |
| Cash at bank and in hand | 54/58 | €32,524 | €551,475 | +€518,951 | +1,596% |
| Deferred charges and accrued income | 490/1 | €3,990 | €2,250 | -€1,740 | -43.6% |
| Total equity and liabilities | 10/49 | €608,877 | €618,224 | +€9,347 | +1.5% |
| Equity | 10/15 | €527,481 | €475,722 | -€51,759 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €508,881 | €457,122 | -€51,759 | -10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €507,021 | €455,262 | -€51,759 | -10.2% |
| Amounts payable | 17/49 | €81,396 | €142,502 | +€61,106 | +75.1% |
| Amounts payable within one year | 42/48 | €77,354 | €135,875 | +€58,521 | +75.7% |
| Trade debts | 44 | €14,651 | €1,314 | -€13,337 | -91.0% |
| Suppliers | 440/4 | €14,651 | €1,314 | -€13,337 | -91.0% |
| Taxes, remuneration and social security | 45 | €9,667 | €8,290 | -€1,377 | -14.2% |
| Taxes | 450/3 | €1,517 | €140 | -€1,377 | -90.8% |
| Remuneration and social security | 454/9 | €8,150 | €8,150 | = | 0.0% |
| Other amounts payable | 47/48 | €53,036 | €126,271 | +€73,235 | +138% |
| Accrued charges and deferred income | 492/3 | €4,042 | €6,627 | +€2,585 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,917 | €1,791 | -€1,126 | -38.6% |
| Other operating charges | 640/8 | €2,100 | €1,476 | -€624 | -29.7% |
| Gross operating margin | 9900 | €147,245 | €10,566 | -€136,679 | -92.8% |
| Operating profit (loss) | 9901 | €142,228 | €7,299 | -€134,929 | -94.9% |
| Financial income | 75/76B | €13,911 | €15,280 | +€1,369 | +9.8% |
| Recurring financial income | 75 | €13,911 | €15,280 | +€1,369 | +9.8% |
| Financial charges | 65/66B | €2,264 | €863 | -€1,401 | -61.9% |
| Recurring financial charges | 65 | €2,264 | €863 | -€1,401 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €153,875 | €21,716 | -€132,159 | -85.9% |
| Income taxes | 67/77 | €44,669 | €8,375 | -€36,294 | -81.3% |
| Profit (loss) for the period | 9904 | €109,206 | €13,341 | -€95,865 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,206 | €13,341 | -€95,865 | -87.8% |
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 19 October 2026 via checked.be.