SAM TEC: 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 TEC
Largest movements
- Receivables within one year +€33,665
up €33,665 (+59.1%), from €56,936 to €90,601
of which Other amounts receivable: +€23,849
- Cash +€10,409
up €10,409 (+1,229%), from €847 to €11,256
mainly Net result for the year (+€23,928) and Other debts (+€10,000)
- Tangible fixed assets -€1,738
down €1,738 (-8.9%), from €19,554 to €17,816
of which Land and buildings: -€2,356
- Reserves +€23,928
up €23,928 (+39.3%), from €60,828 to €84,756
- Other debts +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€7,757
up €7,757 (+74.1%), from €10,469 to €18,225
- Gross operating margin +€2,074
up €2,074 (+5.6%), from €36,736 to €38,810
- Taxes +€877
up €877 (+9.2%), from €9,543 to €10,420
- Depreciation -€443
down €443 (-12.6%), from €3,514 to €3,071
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 | €77,338 | €119,673 | +€42,335 | +54.7% |
| Fixed assets | 21/28 | €19,554 | €17,816 | -€1,738 | -8.9% |
| Tangible fixed assets | 22/27 | €19,554 | €17,816 | -€1,738 | -8.9% |
| Land and buildings | 22 | €17,079 | €14,723 | -€2,356 | -13.8% |
| Plant, machinery and equipment | 23 | €1,305 | €2,359 | +€1,054 | +80.8% |
| Furniture and vehicles | 24 | €1,171 | €734 | -€437 | -37.3% |
| Current assets | 29/58 | €57,783 | €101,857 | +€44,073 | +76.3% |
| Amounts receivable within one year | 40/41 | €56,936 | €90,601 | +€33,665 | +59.1% |
| Trade receivables | 40 | €11,166 | €20,981 | +€9,815 | +87.9% |
| Other amounts receivable | 41 | €45,770 | €69,620 | +€23,849 | +52.1% |
| Cash at bank and in hand | 54/58 | €847 | €11,256 | +€10,409 | +1,229% |
| Total equity and liabilities | 10/49 | €77,338 | €119,673 | +€42,335 | +54.7% |
| Equity | 10/15 | €66,828 | €90,756 | +€23,928 | +35.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €60,828 | €84,756 | +€23,928 | +39.3% |
| Distributable reserves | 133 | €60,828 | €84,756 | +€23,928 | +39.3% |
| Amounts payable | 17/49 | €10,510 | €28,917 | +€18,407 | +175% |
| Amounts payable within one year | 42/48 | €10,510 | €28,917 | +€18,407 | +175% |
| Trade debts | 44 | €41 | €692 | +€650 | +1,567% |
| Suppliers | 440/4 | €41 | €692 | +€650 | +1,567% |
| Taxes, remuneration and social security | 45 | €10,469 | €18,225 | +€7,757 | +74.1% |
| Taxes | 450/3 | €10,469 | €18,225 | +€7,757 | +74.1% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,514 | €3,071 | -€443 | -12.6% |
| Other operating charges | 640/8 | €1,037 | €1,250 | +€213 | +20.6% |
| Gross operating margin | 9900 | €36,736 | €38,810 | +€2,074 | +5.6% |
| Operating profit (loss) | 9901 | €32,185 | €34,489 | +€2,304 | +7.2% |
| Financial charges | 65/66B | €279 | €142 | -€138 | -49.3% |
| Recurring financial charges | 65 | €279 | €142 | -€138 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €31,906 | €34,348 | +€2,442 | +7.7% |
| Income taxes | 67/77 | €9,543 | €10,420 | +€877 | +9.2% |
| Profit (loss) for the period | 9904 | €22,363 | €23,928 | +€1,565 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,363 | €23,928 | +€1,565 | +7.0% |
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.