SAM-DEMO: 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-DEMO
Largest movements
- Receivables within one year +€3,368
up €3,368 (+16.6%), from €20,269 to €23,636
of which Other amounts receivable: +€10,415
- Tangible fixed assets +€2,152
up €2,152 (+124%), from €1,737 to €3,889
of which Plant, machinery and equipment: +€2,442
- Cash -€534
down €534 (-100%), from €534 to €0
mainly Trade debts (-€7,948) and Receivables within one year (-€3,368)
- Trade debts -€7,948
down €7,948 (-66.8%), from €11,896 to €3,948
- Other debts +€6,979
up €6,979 (+16.6%), from €42,142 to €49,121
- Profit (loss) carried forward +€5,355
up €5,355 (+7.8%), from -€68,312 to -€62,956
- Short-term financial debts +€689
up €689 (+3.8%), from €18,169 to €18,858
- Gross operating margin -€11,705
down €11,705 (-56.5%), from €20,721 to €9,016
- Financial charges -€279
down €279 (-9.3%), from €2,993 to €2,713
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 | €25,895 | €30,970 | +€5,076 | +19.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,987 | €6,139 | +€2,152 | +54.0% |
| Tangible fixed assets | 22/27 | €1,737 | €3,889 | +€2,152 | +124% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €370 | €2,812 | +€2,442 | +660% |
| Furniture and vehicles | 24 | €1,367 | €1,077 | -€290 | -21.2% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €21,908 | €24,831 | +€2,923 | +13.3% |
| Amounts receivable within one year | 40/41 | €20,269 | €23,636 | +€3,368 | +16.6% |
| Trade receivables | 40 | €15,155 | €8,108 | -€7,047 | -46.5% |
| Other amounts receivable | 41 | €5,114 | €15,529 | +€10,415 | +204% |
| Cash at bank and in hand | 54/58 | €534 | €0 | -€534 | -100% |
| Deferred charges and accrued income | 490/1 | €1,105 | €1,194 | +€90 | +8.1% |
| Total equity and liabilities | 10/49 | €25,895 | €30,970 | +€5,076 | +19.6% |
| Equity | 10/15 | -€46,312 | -€40,956 | +€5,355 | +11.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,312 | -€62,956 | +€5,355 | +7.8% |
| Amounts payable | 17/49 | €72,206 | €71,927 | -€280 | -0.4% |
| Amounts payable within one year | 42/48 | €72,206 | €71,927 | -€280 | -0.4% |
| Financial debts | 43 | €18,169 | €18,858 | +€689 | +3.8% |
| Credit institutions | 430/8 | €18,169 | €18,858 | +€689 | +3.8% |
| Trade debts | 44 | €11,896 | €3,948 | -€7,948 | -66.8% |
| Suppliers | 440/4 | €11,896 | €3,948 | -€7,948 | -66.8% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €42,142 | €49,121 | +€6,979 | +16.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €548 | +€176 | +47.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €20,721 | €9,016 | -€11,705 | -56.5% |
| Operating profit (loss) | 9901 | €19,963 | €8,069 | -€11,894 | -59.6% |
| Financial charges | 65/66B | €2,993 | €2,713 | -€279 | -9.3% |
| Recurring financial charges | 65 | €2,993 | €2,713 | -€279 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €16,970 | €5,355 | -€11,615 | -68.4% |
| Profit (loss) for the period | 9904 | €16,970 | €5,355 | -€11,615 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,970 | €5,355 | -€11,615 | -68.4% |
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 17 October 2026 via checked.be.