SAM INVEST: 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 INVEST
Largest movements
- Receivables within one year -€19,671
down €19,671 (-75.8%), from €25,965 to €6,294
of which Trade receivables: -€11,685
- Tangible fixed assets -€11,900
down €11,900 (-4.5%), from €261,817 to €249,917
- Profit (loss) carried forward -€18,146
down €18,146 (-247%), from -€7,337 to -€25,483
- Trade debts -€8,410
down €8,410 (-43.6%), from €19,286 to €10,876
- Other debts +€8,036
up €8,036 (+27.6%), from €29,068 to €37,104
- Current portion of long-term debt -€7,766
down €7,766 (-58.2%), from €13,355 to €5,589
- Tax, wage and social debts -€5,732
down €5,732 (-100%), from €5,732 to €0
- Gross operating margin +€763
up €763 (+88.2%), from €865 to €1,628
- Other operating charges +€734
up €734 (+21.4%), from €3,428 to €4,162
- Financial charges +€719
up €719 (+23.2%), from €3,094 to €3,813
- Taxes -€102
new in 2025: -€102
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,782 | €256,211 | -€31,571 | -11.0% |
| Fixed assets | 21/28 | €261,817 | €249,917 | -€11,900 | -4.5% |
| Tangible fixed assets | 22/27 | €261,817 | €249,917 | -€11,900 | -4.5% |
| Land and buildings | 22 | €261,817 | €249,917 | -€11,900 | -4.5% |
| Current assets | 29/58 | €25,965 | €6,294 | -€19,671 | -75.8% |
| Amounts receivable within one year | 40/41 | €25,965 | €6,294 | -€19,671 | -75.8% |
| Trade receivables | 40 | €15,315 | €3,630 | -€11,685 | -76.3% |
| Other amounts receivable | 41 | €10,650 | €2,664 | -€7,986 | -75.0% |
| Total equity and liabilities | 10/49 | €287,782 | €256,211 | -€31,571 | -11.0% |
| Equity | 10/15 | €105,063 | €86,917 | -€18,146 | -17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €91,954 | €88,075 | -€3,879 | -4.2% |
| Reserves | 13 | €8,046 | €11,925 | +€3,879 | +48.2% |
| Distributable reserves | 133 | €8,046 | €11,925 | +€3,879 | +48.2% |
| Profit (loss) carried forward | 14 | -€7,337 | -€25,483 | -€18,146 | -247% |
| Amounts payable | 17/49 | €182,719 | €169,294 | -€13,425 | -7.3% |
| Amounts payable after more than one year | 17 | €103,298 | €103,298 | = | 0.0% |
| Financial debts | 170/4 | €99,318 | €99,318 | = | 0.0% |
| Other amounts payable | 178/9 | €3,980 | €3,980 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,411 | €62,948 | -€13,463 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €13,355 | €5,589 | -€7,766 | -58.2% |
| Financial debts | 43 | €8,970 | €9,379 | +€409 | +4.6% |
| Credit institutions | 430/8 | €8,970 | €9,379 | +€409 | +4.6% |
| Trade debts | 44 | €19,286 | €10,876 | -€8,410 | -43.6% |
| Suppliers | 440/4 | €19,286 | €10,876 | -€8,410 | -43.6% |
| Taxes, remuneration and social security | 45 | €5,732 | €0 | -€5,732 | -100% |
| Taxes | 450/3 | €5,732 | €0 | -€5,732 | -100% |
| Other amounts payable | 47/48 | €29,068 | €37,104 | +€8,036 | +27.6% |
| Accrued charges and deferred income | 492/3 | €3,010 | €3,048 | +€38 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,901 | €11,901 | = | 0.0% |
| Other operating charges | 640/8 | €3,428 | €4,162 | +€734 | +21.4% |
| Gross operating margin | 9900 | €865 | €1,628 | +€763 | +88.2% |
| Operating profit (loss) | 9901 | -€14,464 | -€14,435 | +€29 | +0.2% |
| Financial charges | 65/66B | €3,094 | €3,813 | +€719 | +23.2% |
| Recurring financial charges | 65 | €3,094 | €3,813 | +€719 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,558 | -€18,248 | -€690 | -3.9% |
| Income taxes | 67/77 | - | -€102 | -€102 | |
| Profit (loss) for the period | 9904 | -€17,558 | -€18,146 | -€588 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,558 | -€18,146 | -€588 | -3.3% |
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 31 October 2026 via checked.be.