SAMACO: 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.
What changed
SAMACO
NACE 47.242, Retail sale of chocolate and confectionery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€19,638
2024 · €11,127-€30,765
Equity
€443,202
2024 · €462,840-€19,638
Cash
€23,634
2024 · €26,133-€2,499
Balance sheet total
€2.2m
2024 · €2.3m-€106,012
Largest movements
Assets
- Tangible fixed assets -€106,703
down €106,703 (-4.7%), from €2.3m to €2.2m
of which Land and buildings: -€56,644
Equity and liabilities
- Other debts -€260,334
down €260,334 (-37.0%), from €703,181 to €442,847
- Current portion of long-term debt +€254,025
up €254,025 (+89.4%), from €284,054 to €538,080
- Debts after one year -€88,080
down €88,080 (-10.7%), from €820,914 to €732,834
Income statement
- Gross operating margin -€17,428
down €17,428 (-10.5%), from €165,258 to €147,830
- Depreciation +€11,462
up €11,462 (+10.1%), from €113,741 to €125,203
- Financial charges +€4,444
up €4,444 (+19.7%), from €22,598 to €27,042
- Taxes -€1,875
down €1,875 (-100.0%), from €1,875 to €0
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.
Result 2024
€11,127
Gross operating margin
-€17,428
Depreciation
-€11,462
Other operating charges
+€717
Financial income
-€24
Financial charges
-€4,444
Taxes
+€1,875
Result 2025
-€19,638
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.
From operations
-€149,945
Investment
-€18,499
Financing
+€165,946
Cash 2024
€26,133
From operations (derived)
-€149,945
Net result for the year
-€19,638
Depreciation
+€125,203
Stocks and contracts
-€1,100
Receivables within one year
-€1,200
Deferred charges and accrued income
-€889
Trade debts
+€3,937
Tax, wage and social debts
-€6,513
Advances received
+€12,600
Other debts
-€260,334
Accrued charges and deferred income
-€2,010
Investment (derived)
-€18,499
Investment in fixed assets (net)
-€18,499
Financing
+€165,946
Debts after one year
-€88,080
Current portion of long-term debt
+€254,025
Cash 2025
€23,634
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,298,084 | €2,192,071 | -€106,012 | -4.6% |
| Fixed assets | 21/28 | €2,259,441 | €2,152,738 | -€106,703 | -4.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,259,441 | €2,152,738 | -€106,703 | -4.7% |
| Land and buildings | 22 | €2,030,464 | €1,973,820 | -€56,644 | -2.8% |
| Plant, machinery and equipment | 23 | €112,579 | €101,953 | -€10,626 | -9.4% |
| Furniture and vehicles | 24 | €31,143 | €22,870 | -€8,273 | -26.6% |
| Other tangible fixed assets | 26 | €85,255 | €54,095 | -€31,161 | -36.5% |
| Current assets | 29/58 | €38,642 | €39,333 | +€691 | +1.8% |
| Stocks and contracts in progress | 3 | €9,400 | €10,500 | +€1,100 | +11.7% |
| Stocks | 30/36 | €9,400 | €10,500 | +€1,100 | +11.7% |
| Amounts receivable within one year | 40/41 | €1,912 | €3,112 | +€1,200 | +62.8% |
| Trade receivables | 40 | €320 | €148 | -€172 | -53.6% |
| Other amounts receivable | 41 | €1,592 | €2,964 | +€1,372 | +86.2% |
| Cash at bank and in hand | 54/58 | €26,133 | €23,634 | -€2,499 | -9.6% |
| Deferred charges and accrued income | 490/1 | €1,197 | €2,086 | +€889 | +74.3% |
| Total equity and liabilities | 10/49 | €2,298,084 | €2,192,071 | -€106,012 | -4.6% |
| Equity | 10/15 | €462,840 | €443,202 | -€19,638 | -4.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €437,840 | €418,202 | -€19,638 | -4.5% |
| Distributable reserves | 133 | €437,840 | €418,202 | -€19,638 | -4.5% |
| Amounts payable | 17/49 | €1,835,244 | €1,748,869 | -€86,374 | -4.7% |
| Amounts payable after more than one year | 17 | €820,914 | €732,834 | -€88,080 | -10.7% |
| Financial debts | 170/4 | €820,914 | €732,834 | -€88,080 | -10.7% |
| Amounts payable within one year | 42/48 | €1,012,291 | €1,016,007 | +€3,715 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €284,054 | €538,080 | +€254,025 | +89.4% |
| Trade debts | 44 | €2,793 | €6,730 | +€3,937 | +140.9% |
| Suppliers | 440/4 | €2,793 | €6,730 | +€3,937 | +140.9% |
| Advances received on contracts in progress | 46 | €15,750 | €28,350 | +€12,600 | +80.0% |
| Taxes, remuneration and social security | 45 | €6,513 | €0 | -€6,513 | -100.0% |
| Taxes | 450/3 | €6,513 | €0 | -€6,513 | -100.0% |
| Other amounts payable | 47/48 | €703,181 | €442,847 | -€260,334 | -37.0% |
| Accrued charges and deferred income | 492/3 | €2,039 | €29 | -€2,010 | -98.6% |
| Non-recurring operating income | 76A | €12,000 | €0 | -€12,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,741 | €125,203 | +€11,462 | +10.1% |
| Other operating charges | 640/8 | €15,954 | €15,237 | -€717 | -4.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €165,258 | €147,830 | -€17,428 | -10.5% |
| Operating profit (loss) | 9901 | €35,563 | €7,390 | -€28,173 | -79.2% |
| Financial income | 75/76B | €38 | €14 | -€24 | -62.4% |
| Recurring financial income | 75 | €38 | €14 | -€24 | -62.4% |
| Financial charges | 65/66B | €22,598 | €27,042 | +€4,444 | +19.7% |
| Recurring financial charges | 65 | €22,598 | €27,042 | +€4,444 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €13,003 | -€19,638 | -€32,641 | |
| Income taxes | 67/77 | €1,875 | €0 | -€1,875 | -100.0% |
| Profit (loss) for the period | 9904 | €11,127 | -€19,638 | -€30,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,127 | -€19,638 | -€30,765 |
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 28 September 2026 via checked.be.