Sam Szafranski: 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 Szafranski
Largest movements
- Cash +€48,860
up €48,860 (+23.6%), from €206,738 to €255,598
mainly Net result for the year (+€82,123) and Depreciation (+€1,274)
- Receivables within one year +€23,384
up €23,384 (+50.6%), from €46,206 to €69,590
of which Other amounts receivable: +€16,671
- Profit (loss) carried forward +€82,123
up €82,123 (+39.5%), from €207,715 to €289,838
- Tax, wage and social debts -€8,670
down €8,670 (-19.8%), from €43,818 to €35,148
- Gross operating margin -€36,608
down €36,608 (-25.7%), from €142,309 to €105,701
- Depreciation -€10,436
down €10,436 (-89.1%), from €11,711 to €1,274
- Taxes -€6,554
down €6,554 (-22.7%), from €28,849 to €22,295
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 | €256,655 | €330,984 | +€74,330 | +29.0% |
| Fixed assets | 21/28 | €3,392 | €4,151 | +€759 | +22.4% |
| Tangible fixed assets | 22/27 | €3,392 | €4,151 | +€759 | +22.4% |
| Plant, machinery and equipment | 23 | €846 | €1,026 | +€180 | +21.3% |
| Furniture and vehicles | 24 | €2,546 | €3,125 | +€579 | +22.8% |
| Current assets | 29/58 | €253,263 | €326,834 | +€73,571 | +29.0% |
| Amounts receivable within one year | 40/41 | €46,206 | €69,590 | +€23,384 | +50.6% |
| Trade receivables | 40 | €18,466 | €25,179 | +€6,713 | +36.4% |
| Other amounts receivable | 41 | €27,740 | €44,411 | +€16,671 | +60.1% |
| Cash at bank and in hand | 54/58 | €206,738 | €255,598 | +€48,860 | +23.6% |
| Deferred charges and accrued income | 490/1 | €319 | €1,645 | +€1,326 | +415% |
| Total equity and liabilities | 10/49 | €256,655 | €330,984 | +€74,330 | +29.0% |
| Equity | 10/15 | €212,715 | €294,838 | +€82,123 | +38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,715 | €289,838 | +€82,123 | +39.5% |
| Amounts payable | 17/49 | €43,940 | €36,147 | -€7,793 | -17.7% |
| Amounts payable within one year | 42/48 | €43,940 | €36,147 | -€7,793 | -17.7% |
| Trade debts | 44 | €122 | €999 | +€877 | +720% |
| Suppliers | 440/4 | €122 | €999 | +€877 | +720% |
| Taxes, remuneration and social security | 45 | €43,818 | €35,148 | -€8,670 | -19.8% |
| Taxes | 450/3 | €43,818 | €35,148 | -€8,670 | -19.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,711 | €1,274 | -€10,436 | -89.1% |
| Other operating charges | 640/8 | €1,067 | €640 | -€426 | -40.0% |
| Gross operating margin | 9900 | €142,309 | €105,701 | -€36,608 | -25.7% |
| Operating profit (loss) | 9901 | €129,531 | €103,787 | -€25,745 | -19.9% |
| Financial income | 75/76B | €762 | €933 | +€171 | +22.5% |
| Recurring financial income | 75 | €762 | €933 | +€171 | +22.5% |
| Financial charges | 65/66B | €79 | €301 | +€223 | +282% |
| Recurring financial charges | 65 | €79 | €301 | +€223 | +282% |
| Profit (loss) for the period before taxes | 9903 | €130,214 | €104,418 | -€25,796 | -19.8% |
| Income taxes | 67/77 | €28,849 | €22,295 | -€6,554 | -22.7% |
| Profit (loss) for the period | 9904 | €101,365 | €82,123 | -€19,242 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,365 | €82,123 | -€19,242 | -19.0% |
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 16 October 2026 via checked.be.