Sam VSB: what changed
Two fiscal 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 VSB
Largest movements
- Cash +€113,244
up €113,244 (+107.9%), from €104,996 to €218,240
mainly Other debts (+€247,872) and Net result for the year (+€237,980)
- Tangible fixed assets +€49,845
up €49,845 (+16.8%), from €297,193 to €347,039
of which Furniture and vehicles: +€53,948
- Other debts +€247,872
up €247,872 (+5311.9%), from €4,666 to €252,538
- Reserves -€123,520
down €123,520 (-66.5%), from €185,779 to €62,259
- Tax, wage and social debts +€49,956
up €49,956 (+196.0%), from €25,490 to €75,446
of which Taxes: +€49,956
- Debts after one year -€15,000
down €15,000 (-5.9%), from €256,250 to €241,250
- Gross operating margin +€181,568
up €181,568 (+102.3%), from €177,486 to €359,053
- Taxes +€42,574
up €42,574 (+130.3%), from €32,669 to €75,243
- Depreciation +€8,654
up €8,654 (+28.9%), from €29,950 to €38,604
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.
Cash bridge derived
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 | €502,364 | €668,183 | +€165,819 | +33.0% |
| Fixed assets | 21/28 | €297,193 | €347,039 | +€49,845 | +16.8% |
| Tangible fixed assets | 22/27 | €297,193 | €347,039 | +€49,845 | +16.8% |
| Land and buildings | 22 | €284,705 | €271,221 | -€13,484 | -4.7% |
| Furniture and vehicles | 24 | €11,398 | €65,346 | +€53,948 | +473.3% |
| Other tangible fixed assets | 26 | €1,091 | €10,472 | +€9,381 | +860.3% |
| Current assets | 29/58 | €205,171 | €321,144 | +€115,973 | +56.5% |
| Amounts receivable after more than one year | 29 | €63,930 | €61,743 | -€2,187 | -3.4% |
| Other amounts receivable | 291 | €63,930 | €61,743 | -€2,187 | -3.4% |
| Amounts receivable within one year | 40/41 | €36,245 | €41,160 | +€4,916 | +13.6% |
| Trade receivables | 40 | €34,113 | €34,217 | +€104 | +0.3% |
| Other amounts receivable | 41 | €2,132 | €6,943 | +€4,811 | +225.7% |
| Cash at bank and in hand | 54/58 | €104,996 | €218,240 | +€113,244 | +107.9% |
| Total equity and liabilities | 10/49 | €502,364 | €668,183 | +€165,819 | +33.0% |
| Equity | 10/15 | €190,779 | €67,259 | -€123,520 | -64.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €185,779 | €62,259 | -€123,520 | -66.5% |
| Distributable reserves | 133 | €185,779 | €62,259 | -€123,520 | -66.5% |
| Amounts payable | 17/49 | €311,585 | €600,924 | +€289,339 | +92.9% |
| Amounts payable after more than one year | 17 | €256,250 | €241,250 | -€15,000 | -5.9% |
| Financial debts | 170/4 | €256,250 | €241,250 | -€15,000 | -5.9% |
| Amounts payable within one year | 42/48 | €53,760 | €358,099 | +€304,339 | +566.1% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €8,604 | €15,114 | +€6,511 | +75.7% |
| Suppliers | 440/4 | €8,604 | €15,114 | +€6,511 | +75.7% |
| Taxes, remuneration and social security | 45 | €25,490 | €75,446 | +€49,956 | +196.0% |
| Taxes | 450/3 | €23,264 | €73,220 | +€49,956 | +214.7% |
| Remuneration and social security | 454/9 | €2,226 | €2,226 | = | 0.0% |
| Other amounts payable | 47/48 | €4,666 | €252,538 | +€247,872 | +5311.9% |
| Accrued charges and deferred income | 492/3 | €1,575 | €1,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,950 | €38,604 | +€8,654 | +28.9% |
| Other operating charges | 640/8 | €3,034 | €3,687 | +€653 | +21.5% |
| Gross operating margin | 9900 | €177,486 | €359,053 | +€181,568 | +102.3% |
| Operating profit (loss) | 9901 | €144,502 | €316,763 | +€172,261 | +119.2% |
| Financial income | 75/76B | €4,857 | €1,653 | -€3,203 | -66.0% |
| Recurring financial income | 75 | €4,857 | €1,653 | -€3,203 | -66.0% |
| Financial charges | 65/66B | €5,264 | €5,193 | -€71 | -1.3% |
| Recurring financial charges | 65 | €5,264 | €5,193 | -€71 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €144,095 | €313,223 | +€169,128 | +117.4% |
| Income taxes | 67/77 | €32,669 | €75,243 | +€42,574 | +130.3% |
| Profit (loss) for the period | 9904 | €111,426 | €237,980 | +€126,554 | +113.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,426 | €237,980 | +€126,554 | +113.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.