SAM CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash -€78,679
down €78,679 (-85.9%), from €91,619 to €12,940
mainly Trade debts (-€130,682) and Deferred charges and accrued income (-€65,538)
- Deferred charges and accrued income +€65,538
up €65,538 (+147%), from €44,462 to €110,000
- Tangible fixed assets -€59,727
down €59,727 (-20.2%), from €295,247 to €235,520
of which Furniture and vehicles: -€34,495
- Receivables within one year -€44,964
down €44,964 (-48.3%), from €93,170 to €48,206
of which Other amounts receivable: -€45,569
- Trade debts -€130,682
down €130,682 (-65.6%), from €199,070 to €68,388
- Other debts +€76,337
up €76,337 (+167%), from €45,774 to €122,111
- Debts after one year -€41,555
down €41,555 (-26.5%), from €156,728 to €115,173
- Profit (loss) carried forward -€16,386
down €16,386 (-20.7%), from €79,118 to €62,732
- Tax, wage and social debts -€8,482
down €8,482 (-46.4%), from €18,299 to €9,817
of which Remuneration and social security: -€6,353
- Gross operating margin -€136,901
down €136,901 (-46.8%), from €292,287 to €155,386
- Staff costs -€106,696
down €106,696 (-51.8%), from €205,809 to €99,113
- Other operating charges -€6,536
down €6,536 (-89.1%), from €7,339 to €803
- Depreciation +€3,891
up €3,891 (+6.8%), from €56,886 to €60,777
- Taxes -€3,796
no longer reported in 2025 (was €3,796)
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 | €560,251 | €444,974 | -€115,277 | -20.6% |
| Fixed assets | 21/28 | €296,992 | €237,320 | -€59,672 | -20.1% |
| Tangible fixed assets | 22/27 | €295,247 | €235,520 | -€59,727 | -20.2% |
| Land and buildings | 22 | €89,708 | €76,923 | -€12,785 | -14.3% |
| Plant, machinery and equipment | 23 | €54,747 | €42,300 | -€12,447 | -22.7% |
| Furniture and vehicles | 24 | €150,792 | €116,297 | -€34,495 | -22.9% |
| Financial fixed assets | 28 | €1,745 | €1,800 | +€55 | +3.2% |
| Current assets | 29/58 | €263,259 | €207,654 | -€55,605 | -21.1% |
| Stocks and contracts in progress | 3 | €34,008 | €36,508 | +€2,500 | +7.4% |
| Stocks | 30/36 | €34,008 | €36,508 | +€2,500 | +7.4% |
| Amounts receivable within one year | 40/41 | €93,170 | €48,206 | -€44,964 | -48.3% |
| Trade receivables | 40 | €45,674 | €46,279 | +€605 | +1.3% |
| Other amounts receivable | 41 | €47,496 | €1,927 | -€45,569 | -95.9% |
| Cash at bank and in hand | 54/58 | €91,619 | €12,940 | -€78,679 | -85.9% |
| Deferred charges and accrued income | 490/1 | €44,462 | €110,000 | +€65,538 | +147% |
| Total equity and liabilities | 10/49 | €560,251 | €444,974 | -€115,277 | -20.6% |
| Equity | 10/15 | €87,178 | €70,792 | -€16,386 | -18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,118 | €62,732 | -€16,386 | -20.7% |
| Amounts payable | 17/49 | €473,073 | €374,182 | -€98,891 | -20.9% |
| Amounts payable after more than one year | 17 | €156,728 | €115,173 | -€41,555 | -26.5% |
| Financial debts | 170/4 | €156,728 | €115,173 | -€41,555 | -26.5% |
| Amounts payable within one year | 42/48 | €316,345 | €259,009 | -€57,336 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €53,202 | €58,693 | +€5,491 | +10.3% |
| Trade debts | 44 | €199,070 | €68,388 | -€130,682 | -65.6% |
| Suppliers | 440/4 | €199,070 | €68,388 | -€130,682 | -65.6% |
| Taxes, remuneration and social security | 45 | €18,299 | €9,817 | -€8,482 | -46.4% |
| Taxes | 450/3 | €2,939 | €810 | -€2,129 | -72.4% |
| Remuneration and social security | 454/9 | €15,360 | €9,007 | -€6,353 | -41.4% |
| Other amounts payable | 47/48 | €45,774 | €122,111 | +€76,337 | +167% |
| Remuneration, social security and pensions | 62 | €205,809 | €99,113 | -€106,696 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,886 | €60,777 | +€3,891 | +6.8% |
| Other operating charges | 640/8 | €7,339 | €803 | -€6,536 | -89.1% |
| Non-recurring operating charges | 66A | €6,690 | - | -€6,690 | |
| Gross operating margin | 9900 | €292,287 | €155,386 | -€136,901 | -46.8% |
| Operating profit (loss) | 9901 | €15,563 | -€5,307 | -€20,870 | |
| Financial charges | 65/66B | €10,724 | €11,079 | +€355 | +3.3% |
| Recurring financial charges | 65 | €10,724 | €11,079 | +€355 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €4,839 | -€16,386 | -€21,225 | |
| Income taxes | 67/77 | €3,796 | - | -€3,796 | |
| Profit (loss) for the period | 9904 | €1,043 | -€16,386 | -€17,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,043 | -€16,386 | -€17,429 |
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 24 October 2026 via checked.be.