SAMA DÉVELOPPEMENT: 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.
SAMA DÉVELOPPEMENT
Largest movements
- Tangible fixed assets +€546,602
up €546,602 (+25.2%), from €2.2m to €2.7m
of which Plant, machinery and equipment: +€467,861
- Cash +€133,469
new in 2025: €133,469
mainly Debts after one year (+€434,592) and Net result for the year (+€268,291)
- Receivables within one year +€66,279
up €66,279 (+64.9%), from €102,125 to €168,405
of which Trade receivables: +€35,637
- Debts after one year +€434,592
up €434,592 (+32.2%), from €1.3m to €1.8m
of which Financial debts: +€439,092
- Profit (loss) carried forward +€268,291
up €268,291 (+92.3%), from €290,684 to €558,975
- Trade debts +€240,647
up €240,647 (+286%), from €84,193 to €324,840
- Provisions -€174,800
no longer reported in 2025 (was €174,800)
- Other debts +€47,638
up €47,638 (+139%), from €34,264 to €81,902
- Gross operating margin +€178,654
up €178,654 (+39.9%), from €448,090 to €626,744
- Staff costs -€87,397
down €87,397 (-71.2%), from €122,683 to €35,286
- Other operating charges +€52,267
up €52,267 (+316%), from €16,537 to €68,804
- Depreciation +€32,531
up €32,531 (+28.0%), from €116,192 to €148,722
- Taxes -€22,889
down €22,889 (-39.9%), from €57,350 to €34,460
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 | €2,267,777 | €3,015,038 | +€747,261 | +33.0% |
| Fixed assets | 21/28 | €2,165,651 | €2,712,253 | +€546,602 | +25.2% |
| Tangible fixed assets | 22/27 | €2,165,651 | €2,712,253 | +€546,602 | +25.2% |
| Land and buildings | 22 | €1,987,369 | €2,114,286 | +€126,917 | +6.4% |
| Plant, machinery and equipment | 23 | €24,717 | €492,578 | +€467,861 | +1,893% |
| Furniture and vehicles | 24 | €11,506 | €4,200 | -€7,306 | -63.5% |
| Leasing and similar rights | 25 | €1,454 | €1,090 | -€363 | -25.0% |
| Other tangible fixed assets | 26 | €140,606 | €100,099 | -€40,507 | -28.8% |
| Current assets | 29/58 | €102,125 | €302,784 | +€200,659 | +196% |
| Amounts receivable within one year | 40/41 | €102,125 | €168,405 | +€66,279 | +64.9% |
| Trade receivables | 40 | €102,125 | €137,762 | +€35,637 | +34.9% |
| Other amounts receivable | 41 | - | €30,642 | +€30,642 | |
| Cash at bank and in hand | 54/58 | - | €133,469 | +€133,469 | |
| Deferred charges and accrued income | 490/1 | - | €911 | +€911 | |
| Total equity and liabilities | 10/49 | €2,267,777 | €3,015,038 | +€747,261 | +33.0% |
| Equity | 10/15 | €353,180 | €621,471 | +€268,291 | +76.0% |
| Contributions | 10/11 | €60,636 | €60,636 | = | 0.0% |
| Capital | 10 | €60,636 | €60,636 | = | 0.0% |
| Issued capital | 100 | €60,636 | €60,636 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,684 | €558,975 | +€268,291 | +92.3% |
| Provisions and deferred taxes | 16 | €174,800 | - | -€174,800 | |
| Provisions for liabilities and charges | 160/5 | €174,800 | - | -€174,800 | |
| Major repairs and maintenance | 162 | €174,800 | - | -€174,800 | |
| Amounts payable | 17/49 | €1,739,797 | €2,393,567 | +€653,770 | +37.6% |
| Amounts payable after more than one year | 17 | €1,349,044 | €1,783,637 | +€434,592 | +32.2% |
| Financial debts | 170/4 | €1,344,544 | €1,783,637 | +€439,092 | +32.7% |
| Other amounts payable | 178/9 | €4,500 | - | -€4,500 | |
| Amounts payable within one year | 42/48 | €378,425 | €598,092 | +€219,667 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €142,039 | €160,157 | +€18,119 | +12.8% |
| Financial debts | 43 | €45,922 | - | -€45,922 | |
| Credit institutions | 430/8 | €45,922 | - | -€45,922 | |
| Trade debts | 44 | €84,193 | €324,840 | +€240,647 | +286% |
| Suppliers | 440/4 | €84,193 | €324,840 | +€240,647 | +286% |
| Advances received on contracts in progress | 46 | - | €5,486 | +€5,486 | |
| Taxes, remuneration and social security | 45 | €72,008 | €25,707 | -€46,301 | -64.3% |
| Taxes | 450/3 | €37,424 | €5,029 | -€32,394 | -86.6% |
| Remuneration and social security | 454/9 | €34,585 | €20,678 | -€13,907 | -40.2% |
| Other amounts payable | 47/48 | €34,264 | €81,902 | +€47,638 | +139% |
| Accrued charges and deferred income | 492/3 | €12,327 | €11,838 | -€489 | -4.0% |
| Non-recurring operating income | 76A | - | €174,800 | +€174,800 | |
| Remuneration, social security and pensions | 62 | €122,683 | €35,286 | -€87,397 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,192 | €148,722 | +€32,531 | +28.0% |
| Other operating charges | 640/8 | €16,537 | €68,804 | +€52,267 | +316% |
| Gross operating margin | 9900 | €448,090 | €626,744 | +€178,654 | +39.9% |
| Operating profit (loss) | 9901 | €192,678 | €373,932 | +€181,253 | +94.1% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €82,220 | €71,205 | -€11,015 | -13.4% |
| Recurring financial charges | 65 | €82,220 | €71,205 | -€11,015 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €110,458 | €302,751 | +€192,293 | +174% |
| Income taxes | 67/77 | €57,350 | €34,460 | -€22,889 | -39.9% |
| Profit (loss) for the period | 9904 | €53,109 | €268,291 | +€215,182 | +405% |
| Profit (loss) for the period to be appropriated | 9905 | €53,109 | €268,291 | +€215,182 | +405% |
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 27 October 2026 via checked.be.