SAMAGROTRANS: 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.
SAMAGROTRANS
Largest movements
- Tangible fixed assets -€173,574
down €173,574 (-33.1%), from €523,653 to €350,080
of which Furniture and vehicles: -€144,504
- Receivables within one year +€103,706
up €103,706 (+14.0%), from €741,064 to €844,770
of which Trade receivables: +€66,963
- Deferred charges and accrued income -€78,280
down €78,280 (-84.8%), from €92,361 to €14,081
- Cash -€72,104
down €72,104 (-46.2%), from €156,046 to €83,941
mainly Debts after one year (-€144,332) and Trade debts (-€118,930)
- Stocks and contracts -€19,326
down €19,326 (-22.6%), from €85,462 to €66,136
- Debts after one year -€144,332
down €144,332 (-45.1%), from €319,724 to €175,393
- Trade debts -€118,930
down €118,930 (-67.1%), from €177,272 to €58,342
- Current portion of long-term debt -€45,647
down €45,647 (-24.0%), from €189,978 to €144,332
- Profit (loss) carried forward +€45,583
up €45,583 (+12793.8%), from €356 to €45,939
- Tax, wage and social debts +€40,249
up €40,249 (+65.4%), from €61,550 to €101,798
of which Remuneration and social security: +€31,169
- Gross operating margin +€822,281
up €822,281 (+373.1%), from €220,397 to €1.0m
- Staff costs +€633,429
up €633,429 (+352.5%), from €179,698 to €813,127
- Depreciation +€118,550
up €118,550 (+215.5%), from €55,024 to €173,574
- Financial income +€12,878
up €12,878 (+119.5%), from €10,773 to €23,651
- Taxes +€10,949
new in 2025: €10,949
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,598,722 | €1,359,144 | -€239,578 | -15.0% |
| Fixed assets | 21/28 | €523,788 | €350,215 | -€173,574 | -33.1% |
| Tangible fixed assets | 22/27 | €523,653 | €350,080 | -€173,574 | -33.1% |
| Furniture and vehicles | 24 | €487,654 | €343,151 | -€144,504 | -29.6% |
| Leasing and similar rights | 25 | €35,999 | €6,929 | -€29,070 | -80.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,074,933 | €1,008,929 | -€66,004 | -6.1% |
| Stocks and contracts in progress | 3 | €85,462 | €66,136 | -€19,326 | -22.6% |
| Stocks | 30/36 | €85,462 | €66,136 | -€19,326 | -22.6% |
| Amounts receivable within one year | 40/41 | €741,064 | €844,770 | +€103,706 | +14.0% |
| Trade receivables | 40 | €185,409 | €252,372 | +€66,963 | +36.1% |
| Other amounts receivable | 41 | €555,655 | €592,399 | +€36,743 | +6.6% |
| Cash at bank and in hand | 54/58 | €156,046 | €83,941 | -€72,104 | -46.2% |
| Deferred charges and accrued income | 490/1 | €92,361 | €14,081 | -€78,280 | -84.8% |
| Total equity and liabilities | 10/49 | €1,598,722 | €1,359,144 | -€239,578 | -15.0% |
| Equity | 10/15 | €842,089 | €871,072 | +€28,983 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €787,298 | €787,298 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €325,298 | €325,298 | = | 0.0% |
| Distributable reserves | 133 | €462,000 | €462,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €356 | €45,939 | +€45,583 | +12793.8% |
| Investment grants | 15 | €34,434 | €17,834 | -€16,600 | -48.2% |
| Amounts payable | 17/49 | €756,633 | €488,072 | -€268,561 | -35.5% |
| Amounts payable after more than one year | 17 | €319,724 | €175,393 | -€144,332 | -45.1% |
| Financial debts | 170/4 | €319,724 | €175,393 | -€144,332 | -45.1% |
| Amounts payable within one year | 42/48 | €436,193 | €311,938 | -€124,254 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €189,978 | €144,332 | -€45,647 | -24.0% |
| Trade debts | 44 | €177,272 | €58,342 | -€118,930 | -67.1% |
| Suppliers | 440/4 | €177,272 | €58,342 | -€118,930 | -67.1% |
| Taxes, remuneration and social security | 45 | €61,550 | €101,798 | +€40,249 | +65.4% |
| Taxes | 450/3 | €103 | €9,183 | +€9,080 | +8776.9% |
| Remuneration and social security | 454/9 | €61,446 | €92,615 | +€31,169 | +50.7% |
| Other amounts payable | 47/48 | €7,393 | €7,467 | +€74 | +1.0% |
| Accrued charges and deferred income | 492/3 | €716 | €741 | +€25 | +3.5% |
| Remuneration, social security and pensions | 62 | €179,698 | €813,127 | +€633,429 | +352.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,024 | €173,574 | +€118,550 | +215.5% |
| Other operating charges | 640/8 | €2,826 | €7,828 | +€5,002 | +177.0% |
| Gross operating margin | 9900 | €220,397 | €1,042,679 | +€822,281 | +373.1% |
| Operating profit (loss) | 9901 | -€17,150 | €48,150 | +€65,300 | |
| Financial income | 75/76B | €10,773 | €23,651 | +€12,878 | +119.5% |
| Recurring financial income | 75 | €10,773 | €23,651 | +€12,878 | +119.5% |
| Financial charges | 65/66B | €4,559 | €15,268 | +€10,709 | +234.9% |
| Recurring financial charges | 65 | €4,559 | €15,268 | +€10,709 | +234.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,936 | €56,532 | +€67,468 | |
| Income taxes | 67/77 | - | €10,949 | +€10,949 | |
| Profit (loss) for the period | 9904 | -€10,936 | €45,583 | +€56,519 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,936 | €45,583 | +€56,519 |
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 5 October 2026 via checked.be.