SAM EUROPA: what changed
SAM EUROPA
Largest movements
- Cash +€862,836
up €862,836 (+373%), from €231,452 to €1.1m
mainly Receivables within one year (+€332,732) and Other debts (+€279,714)
- Receivables within one year -€332,732
down €332,732 (-34.5%), from €965,419 to €632,687
of which Trade receivables: -€331,776
- Other debts +€279,714
up €279,714 (+38.0%), from €736,750 to €1.0m
- Trade debts +€253,644
up €253,644 (+44.4%), from €571,253 to €824,898
- Gross operating margin +€92,718
up €92,718 (+335%), from €27,680 to €120,398
- Other operating charges +€42,384
new in 2025: €42,384
- Staff costs -€6,980
down €6,980 (-14.1%), from €49,342 to €42,362
- Financial charges -€2,487
down €2,487 (-9.4%), from €26,591 to €24,104
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,461,550 | €1,991,076 | +€529,526 | +36.2% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,461,187 | €1,990,713 | +€529,526 | +36.2% |
| Amounts receivable within one year | 40/41 | €965,419 | €632,687 | -€332,732 | -34.5% |
| Trade receivables | 40 | €952,614 | €620,838 | -€331,776 | -34.8% |
| Other amounts receivable | 41 | €12,805 | €11,849 | -€956 | -7.5% |
| Cash at bank and in hand | 54/58 | €231,452 | €1,094,288 | +€862,836 | +373% |
| Deferred charges and accrued income | 490/1 | €264,316 | €263,739 | -€577 | -0.2% |
| Total equity and liabilities | 10/49 | €1,461,550 | €1,991,076 | +€529,526 | +36.2% |
| Equity | 10/15 | €133,853 | €146,638 | +€12,786 | +9.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €15,432 | €15,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,432 | €15,432 | = | 0.0% |
| Legal reserve | 130 | €15,432 | €15,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,579 | -€68,794 | +€12,786 | +15.7% |
| Amounts payable | 17/49 | €1,327,697 | €1,844,438 | +€516,741 | +38.9% |
| Amounts payable within one year | 42/48 | €1,327,697 | €1,844,438 | +€516,741 | +38.9% |
| Trade debts | 44 | €571,253 | €824,898 | +€253,644 | +44.4% |
| Suppliers | 440/4 | €571,253 | €824,898 | +€253,644 | +44.4% |
| Taxes, remuneration and social security | 45 | €19,694 | €3,076 | -€16,617 | -84.4% |
| Taxes | 450/3 | €14,176 | - | -€14,176 | |
| Remuneration and social security | 454/9 | €5,518 | €3,076 | -€2,442 | -44.3% |
| Other amounts payable | 47/48 | €736,750 | €1,016,464 | +€279,714 | +38.0% |
| Remuneration, social security and pensions | 62 | €49,342 | €42,362 | -€6,980 | -14.1% |
| Other operating charges | 640/8 | - | €42,384 | +€42,384 | |
| Gross operating margin | 9900 | €27,680 | €120,398 | +€92,718 | +335% |
| Operating profit (loss) | 9901 | -€21,662 | €35,652 | +€57,313 | |
| Financial income | 75/76B | €692 | €1,238 | +€546 | +78.9% |
| Recurring financial income | 75 | €692 | €1,238 | +€546 | +78.9% |
| Financial charges | 65/66B | €26,591 | €24,104 | -€2,487 | -9.4% |
| Recurring financial charges | 65 | €26,591 | €24,104 | -€2,487 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,561 | €12,786 | +€60,346 | |
| Profit (loss) for the period | 9904 | -€47,561 | €12,786 | +€60,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,561 | €12,786 | +€60,346 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.