SAM INSTAL: 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 INSTAL
Largest movements
- Cash -€37,333
down €37,333 (-67.0%), from €55,680 to €18,347
mainly Tax, wage and social debts (-€68,830) and Debts after one year (-€15,434)
- Financial fixed assets -€21,545
down €21,545 (-92.1%), from €23,393 to €1,848
- Receivables within one year -€14,672
down €14,672 (-10.8%), from €135,992 to €121,320
of which Trade receivables: -€13,285
- Tax, wage and social debts -€68,830
no longer reported in 2025 (was €68,830)
of which Remuneration and social security: -€53,037
- Debts after one year -€15,434
no longer reported in 2025 (was €15,434)
- Profit (loss) carried forward +€10,593
up €10,593, from -€1,696 to €8,897
- Other debts +€9,823
new in 2025: €9,823
- Trade debts -€8,837
down €8,837 (-7.8%), from €113,932 to €105,095
- Gross operating margin +€46,784
up €46,784, from -€28,531 to €18,253
- Other operating charges -€4,739
down €4,739 (-82.8%), from €5,726 to €987
- Staff costs -€4,063
down €4,063 (-87.8%), from €4,630 to €566
- Financial charges +€2,619
up €2,619 (+245%), from €1,069 to €3,688
- Depreciation +€329
up €329 (+15.8%), from €2,089 to €2,418
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 | €219,225 | €147,409 | -€71,816 | -32.8% |
| Fixed assets | 21/28 | €26,903 | €6,614 | -€20,289 | -75.4% |
| Tangible fixed assets | 22/27 | €3,510 | €4,766 | +€1,256 | +35.8% |
| Plant, machinery and equipment | 23 | €345 | €69 | -€276 | -80.0% |
| Furniture and vehicles | 24 | €3,165 | €4,697 | +€1,532 | +48.4% |
| Financial fixed assets | 28 | €23,393 | €1,848 | -€21,545 | -92.1% |
| Current assets | 29/58 | €192,322 | €140,795 | -€51,527 | -26.8% |
| Amounts receivable within one year | 40/41 | €135,992 | €121,320 | -€14,672 | -10.8% |
| Trade receivables | 40 | €132,934 | €119,649 | -€13,285 | -10.0% |
| Other amounts receivable | 41 | €3,058 | €1,671 | -€1,387 | -45.4% |
| Cash at bank and in hand | 54/58 | €55,680 | €18,347 | -€37,333 | -67.0% |
| Deferred charges and accrued income | 490/1 | €649 | €1,128 | +€478 | +73.6% |
| Total equity and liabilities | 10/49 | €219,225 | €147,409 | -€71,816 | -32.8% |
| Equity | 10/15 | €6,464 | €17,057 | +€10,593 | +164% |
| Contributions | 10/11 | €8,160 | €8,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,696 | €8,897 | +€10,593 | |
| Amounts payable | 17/49 | €212,761 | €130,352 | -€82,409 | -38.7% |
| Amounts payable after more than one year | 17 | €15,434 | - | -€15,434 | |
| Financial debts | 170/4 | €15,434 | - | -€15,434 | |
| Amounts payable within one year | 42/48 | €197,327 | €130,352 | -€66,975 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €14,566 | €15,434 | +€868 | +6.0% |
| Trade debts | 44 | €113,932 | €105,095 | -€8,837 | -7.8% |
| Suppliers | 440/4 | €113,932 | €105,095 | -€8,837 | -7.8% |
| Taxes, remuneration and social security | 45 | €68,830 | - | -€68,830 | |
| Taxes | 450/3 | €15,793 | - | -€15,793 | |
| Remuneration and social security | 454/9 | €53,037 | - | -€53,037 | |
| Other amounts payable | 47/48 | - | €9,823 | +€9,823 | |
| Remuneration, social security and pensions | 62 | €4,630 | €566 | -€4,063 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,089 | €2,418 | +€329 | +15.8% |
| Other operating charges | 640/8 | €5,726 | €987 | -€4,739 | -82.8% |
| Gross operating margin | 9900 | -€28,531 | €18,253 | +€46,784 | |
| Operating profit (loss) | 9901 | -€40,976 | €14,281 | +€55,257 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,069 | €3,688 | +€2,619 | +245% |
| Recurring financial charges | 65 | €1,069 | €3,688 | +€2,619 | +245% |
| Profit (loss) for the period before taxes | 9903 | -€42,044 | €10,593 | +€52,638 | |
| Profit (loss) for the period | 9904 | -€42,044 | €10,593 | +€52,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,044 | €10,593 | +€52,638 |
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.